National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-14
THE MARK ELS.

Special Dispatch.
THE WEEKS REVIEW,

Shares and Grain.
Special Dispatch.
THE WEEKS REVIEW.
NEW YORK, July lin the absence OF any
striking event tho stock market has followed
n course which might have been expected.
In the early part Of the week there was de-
cidcd reaction from the extraordinary rise of
the week previous and the market was de-
pressed by bear reports up to Thursday, when
an Improvement set In on good buying OF
leading stocks, and this was continued on
Friday, when the market accepted Clevelands
nomination not uniavoraby, and price In the
last hour were at or near the highest.
As to special stocks during the past week,
the prominent Vanderbilts, the grangers, Della
ware, Iackawanna and Western, and Union
Pacific have all been strong on good buying,
assisted by the purchases to cover shorts. The
two Gould specialtics have been supported as
usual. Louisville and Nashville has boon
stronger but the result of the directors meet
ing on July II will be awaited with interest
The short interest In stocks appear 70 be large
still, and nearly all the active stocks are In
demand for borrowing Western Union was
knocked down little on the announcement
that the Baltimore and Ohio has ordered u
reduction in the tariff between New York and
Chicago from 40 cents to % cents to take effect
on the Ia tn instant.
Railroads bonds are getting into much
healthier position where the prices of good
bonds are regulated more by their fair value
than by the tone Of the stock market. The
| speculative bonds, whose ultimate value is
uncertain will continue to iiuctuate with the
prospects Of their respective companies
The tendency OF government bonds has been
toward higher prices for the long bonds. The
| 3 per cents are not rs strong as the others.
Cotton speculation for future delivery has
been only moderately active during the week,
but prices have varied widely, and the tone OF
the market was quite unsettled. In the early
part Of the week, with no great pressure to sell,
there was, In the absence OF any supportine
demand, decline of Ia to 20 points from the
closing figures of the previous Thursday. Al
and the opening at the New YORK market was
at q general advance, most decided and best
maintained for the distant months.
SATURDAYS BUSINESS.
An impression prevailed last evening thai
| the big bears were In favor of advancing prices
during the last hour yesterday to force smaller
bears to lower and give big bears a show to pu
| out fresh short lines
The pooling arrangement between the postal
Baltimore and Ohio, and Bankers and Mer
chants Telegraph companies Is not yet effected
as the Bankers and Merchants desires modi
tcation of the proposal of the other two com
panies, which will probably be conceded. =,
1t is understood that the Western Union viii
on Monday.
The market opened to-day n to ~ lowe
Jersey City and Central Pacific showing mos
decline) on reported failure Of dry goods firm,
ficially Announced by 1880, and stocks wer
h dull andsSealp until neqr noon.
Then trading became brisk aud prices highe
on the very favorable bank statement, the re
4 servo showing nearly 81, 800 ooincrease. Price
continued strong till near the closing houI
81 when the sales for realiratiops sent the markt
of nearlyl per cent. from the best figures at
o'clock. The closing tone was fairly steady 6
the decline. To.day's trading was featureless
Bonds were inactive and practically III
changed. Sterling exchange dull and steady
Money easy at u to l, closing at "a per cent.
A Chicago dispatch says The market oper
firm; no big buying. Look for advance
wheat. Corn weather magnificent, but the
are bulling on scarcity of corn for the ne1
three months
The sales of stocks to-day aggregate 207, Al
shares, including the following: Delawar
Lackawanna end Western, p, 2o1i Lake Shor
7ooi Louisville and Nashville, 400 Nilsson
cSStrai, 1850; Pacific Mail, 1850; s.. Pau
$500; Texas Pacific, 11,400; Union Pacif
2Ssoo; Western Union, 10 lSo
Treasury bsla1ces-Coin. Sill, 525, $40, an
II currency, 49, 166, so.