National Republican. (Washington City (D.C.)) 1872-1888, 1884-11-17
THE MARKETS.
Review Of Last Weeks spcculation-'Tho Low
est Prices Believed TO be Reached, aud IN
Inward Mornmani Prndlcied In Eninrc.

est Prices Believed TO be Reached, aud an
Upward Movement Predicted in Future.
NEW YORK, Nov. 1G.-Tho speculation
carly in the week was very irregular, but
generally showed downward tendency.
Aftcrward more strength was manifested, and
on Thursday the whole list advanced steadily,
and the improvement was continued Friday
until the highest prices were reached that
have been made for some days past. In the
general railroad situation there is little new
to report Railroad bonds have been modcr-
ntcly active and Irregular some classes ad-
yanClng, but as a rule the tone was weak In
the first iow days, and has since been stronger
In sympathy with stocks. Government bonds
were not 20 well sustained, aud prices were a
trino lower.
Sterling exchange was dull and unsettled,
and the inquiry limited.
In the cotton market during the past week
speculation in future deliveries has been fairly
active and some advance IN ppicos has taken
place Tho foreign and southern markets have
been rather stronger than was generally an.
b. Z. Morgan says thore Is powerful party
bnlling 81. Paul aud Northwest, and he eN.
poets Union Pacific TO sell at 60 and Delaware
lackawanna, aud Western at llp next week;
100000 which indicates another bnll cam.
palgn. s. V. White said he sent 70 Gould the
other day for 100000 margin aud no sent corii-
fed check for 100000.
The Vanderbilt people talk very bullish,
and It Is believed they have been quietly pick
ing up stocks for n fortnight. Mr.. llarbcck
was in an up town brokers' office with Van
dcrbilt yesterday, and Vanderbilt said he was
satisfied that tho very lowest prices for the
next five years have now been made, and he
believes the Improvement VIII be constant
| from this time, although nt a moderate pace
He said Lake Shore and New York Central
| were very cheap now
Prominent commission houses arc predict
ing sharp rise In southern securities on the
| oil to-. N9N1af nd ton
| bonds rose ten points and East Tennessee
| mortgages rose per cent
The war on western passenger rates Is I'M
| changed at $3.50 and $40 to Chicago.
Mr. Gould was at tho Texas Pacific bond
made by which this road will be run in the
owners interest instead of by the Missouri
| Pacific.
New York Central has announced rcduc.
ton TO Chicago aud Cincinnati 5000 first
class; st. Louis, sl3
Judge Barrett vacated the order for the
examination of James j. Fish In q suit
| brought by J. I. Davis rs the receiver of Grant
q Ward against Fish and his assignee.
The market opened ieverlsh with slightly
| weaker tone on London advtces of fractional
declines there. The Nanderbilts showed the
most weakness, and were strongly pressed Tor
sale by the foreign houses. by noon the de-
clines were "a to per cent. on all active
stocks, the Vundcrbilts continuing the weakest
feature.
From noon to the delivery hour (2l5) there
was steady decline and the lowest prices OF
the day were reached the bears hammering
St. Paul, Western Union, Lake Shore, aud
Northwest.
In the closing half hour there was slight
improvement on extremely dull trading, bu
the tone was rather tired. The only feature IL
the days work was the realization of profit,
OH the recent advances, and as that short In
terest had been pretty well covered Thursday
and Friday there was but little support for to
days market. Bonds were inactive and feat
ureless
The weekly statement of the associate
banks, issued from the clearing house to-day