National Republican. (Washington City (D.C.)) 1872-1888, 1884-02-04
THE MARKETS.
A Week Of Great Activity in Securities o
Every Description.
Gould and Vanderbilt Believed 10 Have
Formed an Alliance.
THE SITUATION.
CDfni0t DisDulcn.


NEW YORK, Feb mo important change
has occurred during the past week in the
actual conditions of the markets. Some
events, however, principally of local impor-
tance have taken place in Wall street, which
had quite marked effect at that point. AS
regards, the commercial prospects, it is slowly
but certainly improving. This fact is not
everywhere discernible, nor can it be posi-
lively stated how much further IL will de-
velop. There Is revival in the iron industry,
and there is also marked improvement In
some other trades, and although prices are
still scarcely remunerative, yet,with transac-
tions increasing and production falling off,
the tone has become more hopeful. In some
respects there has been a change of heart, so
to speak, from the depression of the previous
week as regards the markets for all secu-
rites Two weeks ago good many
stocks and bonds touched n lower figure than
they had for years, which caused consider
able apprehension, but as no failure resulted,
confidence has been again restored. The effect
has been to revive the investment of capital in
railroad bonds, which had been checked
United States bonds have been inactive, but
prices have boon we'll maintained at the
advance lately established
The railroad bond market has been Of a
very fair volume and of o much better char
acter than in tho preceding week. Prices
advanced, and there was less violent huctua-
tion.
Cotton on tho spot has been very firmly
held in the belief that stocks at this port
New York; are not likely to further in
crease. The market at the end of the week
closed dull.
Flour at times last week was frmer, bus
has latterly been weak, on account of dull
ness of trade. The demand has boon light,
both from exporters and homo buyers, and
ha ,lu har hainu 1arUA tho marlEaI has
accordingly been more or less depressed for
several days past.
During the latter part of the week wheat
was less active both for export and on specu-
lation, and prices have slowly declined.
SATURDAYS REVIEW.
The market has been extraordinarily active
and excited all day. A sharp advance began
at the opening and continued all day. shorts
were forced to cover in Union Pacific, st.
Paul, and Wabash preferred, and all the active
stocks. Everything went booming Wander
bilt and Gould brokers with traders bid up
prices, and tho great bears went to cover
quickly. There was no reaction until p m.
1t is believed tho bulls sold the market in
the last half hour to check the advance.
From till 2:30 the market was weaker and
lower on heavy realizing sales. In bonds the
list was strong, except West Shores. The
borrowing demand was very large. Trading
was the largest for several months
Gould had O personal interview with van
derbilt at the latters house yesterday. and
shrewd men say there is little doubt that
these two great capitalists are working har-
moniously together for further improve
ment.
1t was reported last night that east bound
freights were cut, and . meeting of trunk
lines was called for next Thursday.
Brokers say that new customers are coming
in very fast and outside business is in
creasing.
Traders who have been out of the markets
nearly two years are now buying. .r
Sales Of stocks to-day aggregated 6s5, 607
shares, including the following: Canada
Southern, $50; Central Pacific, 1850; Del
aware, Lackawanna and Western, 67.050; Den
yer and Rio Grande, $500; Erie, 90, $50; Kan
sas and Texas. 12,300 Lake Shore. 1920
Louisville and Nashville, 1880; Michigan
Central, 5000; Missouri Pacific $4,000; North
western, 24,400; New York Central 1865
Northern Pacific 10000; Pacific Mail, 5000
Reading $4,000; St. Paul, $4,000; Texas Pa
cifc, 1850; Union Pacific, 2S,S60; Western
Union, 80, It's; Northern Pacific preferred, 49,
700; Oregon Transcontinental, 24,255; Wabash
Pacific preferred, $500; Canadian Pacific,
5000.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman g. Co., bankers,
No. 1411 + street northwest: