National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-21
THE MARKETS.

Special Dispdtch.
FOR THE WEEK,

Special Dispdtch.
FOR THE WEEK.
NEW York, July 19-wall street has been
very dull during the past week, transactions
very small, and prices hucthating daily.
However, values have in tho main been kept
from falling Off except temporarily below the
opening level Of the week, and the close is
higher, with the tone strong.
In business circles there has been considera-
Bile disturbance, due mainly TO important fail
ures In dry goods departments In New YORK
banking firm in Indianapolis, with consequent
excitement and suspensions there ana else
where In Indiana.
feature Just now at variance apparently
with the tendency Oft tho tlmes Is the advance
In the price of coal and tho report that the
production Is being fully taken at the advance,
and that there is TO be no restriction In pro-
ductlon, there being no need for II, during
August.
The crop reports from the west continue TO
be OF the most encouraging nature, and IL the
good weather continues the yield Of wheat
and corn in 1894 will probably exceed that Of
fhe improved tone OF confidence In Wall
street has been well shown In the small effect
produced there BY the two failures In the dry
drawn that prices have already touched bot
tom, and that q few mercantile failures arc not
likely to send them back again.
The short element In the market Is still i'm
portant, rs evidenced by the borrowing rates
heaviest bears covered their principal shorts
somo time ago, the immense profits realized on
that side probably tempted many small opera
among the active list OF stocks 81. Paul has
recently been most conspicuous and while the
sales on trading from day to day arc very large,
It would not BIO surprising II the remarkable
decline In 81. Paul TO $50 In June had induced
purClagpa nv gOmc strong Dartipg who intend
TO stay in.
The Pacific railroads have not been materially
better, although the adjournment OF congress
will give the stock a chance TO recover when
ever the earnings and the conditions of the
| companies stimulate buying.
The Vanderbilt party Is inactive and stock Is
Lackawanna Is strong on every rally.
| AT tho close Of the week prices were very
strong, led by st. Paul, Northwestern, Lake
Shore, New York Central, Lackawanna and
| Missouri Pacific.
| Cotton speculation for future delivery dur
ing the week has been only moderately active
but priceshave somewhat improved, especially
for early deliveries
Stocks In the New York and southern mar
kots have became quite reduced.
Tho export movement has been considerable
and the receipts at the ports hardly worth re
cording, but the home demand has been les
active
The Atlantic cotton mills are TO stop for tw,
weeks, and It Is expected that others will fol
low the example.
SATURDAYS REVIEW.
kilograms nom leading cities report bushes
very dull. AT Chicago st. Louis, St. Paul, AM
Cincinnati rates discount are more favorable
but in Kansas the rate Is u per cent, an
single name paper IL generally refused.
Restriction in loans is necessary to obtai
funds to move crops, and in the northwes
considerable anxiety Is felt on this account.
The advance in ST. Paul was the main cor
| versation last evening, and II Is reported tina