National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-10
THE MARKETS.
Weekly Review Of Trade in Stocks, Pro-
visions, and Grains.
Wall street stiI Complaining OF IntCn-
SIZED Dizziness.
REVIEW OF THE WEEK.


Suecf1l Dispatch.
NEW YORK, March S.-During the past
week no special progress is to DO recorded in
trade circles. Distribution of goods has been
retarded of late owing to tho prevalence of
severe storms, to such an extent, that even
the present restricted production is not being
fully taken. There is tendency at the
present tmo to exercise great caution IN
both trade and speculative circles
In the general financial situation there
have been few special features, aside from
some excitement in the stock market, incl
dent to partial corner in Lackawanna and
some general interest in the outward move
ment Of specie to Europe, which has been
very pronounced during the week. The con-
tinued stagnation in the money market is
caused chiefly by tho small profits Of trade and
tho decrease of enterprises.
The visible supply Of grain in the United
States is more than 100000 bushels larger
than at this time last year, and over 10000
600 larger than two years ago.
One feature of the financial situation in
connection with the stock market during the
last week or two is that the general supply of
stocks for loan in the market has apparently
diminished. There has been change in the
general policy of tina large owners OF stocks
in regard to lending them, and it it is be-
lieved that q great many have been with
drawn from the loan market and put into
banks as collaterals for time loans. 1t is be-
lieyed that this is done for the purpose of
sustaining tho prices Of stocks by making it
less easy for the bears to borrow stock, and to
secure time loans at low rates Of interest in
view of the possibility of higher rates of in.
terest later on under continued exports OF
gold.
Tho last weekly statement Of the New
York banks showed decrease Of 81, SOS, 500
in deposits and Of 81 ,01S,00O in specie, which
resulted in a decrease of f1,O6l, 375 in the sur
plus reserve, leaving the same, however, still
large, namely, $1s,629,975.
The railroad stock market has been consid-
erably excited on special occasions in connec-
ton with particular stocks during the past
week. The net result, however, does not
show any very great change, though as q
general rule the majority of the active stocks
record some gains
Union Pacific, st. Paul, Lake Shore, Louis
vile and Nashville, and some others have
been active on apprehensions Of scarcity Of
stock for loaning purposes. However, moth
lug Of tho kind was actually developed dur
ing the week. During the latter part Of the
week the market was depressed by the IN
creasing exports of gold.
In the cotton market great and unusual
dullness in speculation for future delivery
has prevailed, and prices show some decline.
Flour has been generally steady, but it has
not sold at all freely. The winter wheat
grades have the preference, and these are still
in only moderate supply. There has been
but moderate sale of wheat on speculation.
The fluctuations in prices have been within
. rather narrow limits, but the tendency has
been downward.
ECorn has been dull for export, but some
what more active on speculation. Prices
haua hntp in M " wit
the depression in wheat and lower prices at
Chicago.
To-days market has been a repetition of
yesterdays and Thursdays, somewhat in
tens6ed by severe storm, no private wire
working east and but few west; all tended
to dampen any desire to trade. Tho market
was dull and stubborn, and on the whole the
trading might be termed traders market
and extremely dull at that" The closing
was very tame. Counselman & Co.'S special
says ION these heavy breaks it is good
time to realize profits, and bears are doing it,
Some, buying indications for an advance, if
succeeded in bullying it materially we believe
in selling grain and provisions
Vanderbilt people said there was no change
In the situation and they did not expect
prices to go off materially.
1t is reported that Gould advised good ship
ments in order to induce another large short
age in stocks. Some of the large short trad
ers say the market will be made very active
next week, lower at opening and higher
toward the close. The strength of Lacka-
wanna is attributed to large buying by mer-
camille people who keep it for investment.
A quarterly dividend of two per cent. on the
capital stock of the New York Central and
Hudson River Railroad Company has been
declared, payable April Is. Transfer books
close fifteenth instant, reopen April 81.
Mr.. Clahin, the big dry goods merchant
when asked about the general outlook OF
Wall street, gold shipments &C., said, Pm
not Wall street man and know nothing
about it, Sales of dry goods this year are
better than the past six years. l think about
$1500000O gold will so out"
Nat Jones telegraphs from Chicago US fol-
lows: "There have been millions of shorts
covered this morning in both wheat and corn
about all there is to this bulge"
Sales of stocks to-day aggregated ISL ,57t
shares including the following: Delaware
Lackawanna aud Western, "a, 900; Denver and
Rio Grande, 1000; Erie, 1000; Lake Shore
10000; Louisville and Nashville, 400; North
western, 500; Reading, $500; st. Paul, H.
s00 Union Pacific, 2S000.
STOCKS
Following are opening and closing prices OF
principal stocks, as corrected by special wire
reports received by Bateman Il Co., bankers
No. 1iIl + street northwest
oDenfno. Go'inO
Delaware and Hudson....."....,....., ....... los
western unOn 74i zap