National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-04
THE MARK ETS.


Special Dispatch.
THE WEEKS business.
NEW York, Aug. During the past week
tho advance IN Wall street has made further
progress, and there seems TO be Il question
whether II has spent its force even yet There
have been duh days. with values more or loss
depressed and apparently moments when an
actual downward movement appeared immi-
mont, but after each decline, and lust as II
began TO look as II the manipulators were
marketing their holdings and had lost control,
ceptible jerk.
The pools reported in several stocks havo
been highly successful thus far, and they
must have found considerable assistance from
buyers outside TO encourage them in keeping
up the bull movement so persistently. The
short interest hns, of course, helped the bulls
greatly, and Notwithstanding the fact that
many shorts have been covered, the principal
nctiVo stocks yet command q premium for
borrowing, and II Is reported that there are
neayy short lines in some leading stocks that
nave not yet been covered.
The Changers have been particularly strong
and active on heavy buying, of which part
was reported for Chicago account, and tho
orders for 81. Paul and Northwestern from that
quarter indicate much confidence in the future
OF THESE stocks, in consequence OF the album
dant crops on their lines.
The Vanderbilt stocks have been strong, but
not as actlye as some Others, The coalors
nave pecll urn ON what IL nhSufneu 10 u DCtteT
prospect for the anthracite coal trade begin.
| ming with this mouth
Louisville and Nashville has had It's change
IN directors and appears TO be In much better
| condition.
The three Gould stocks Missouri Pacific,
Western Union, and Missouri, Kansas and
Texas, have all been more or less active. and
| their prices well under control by their own.
ers. wabash and Texas Pacific have boon
dealt in to moderate extent on the chances
OF rise. Missouri Pacific has advanced
largely under the pool manipulation. Central
Pacific hangs about Al TO AZ on small trensae
tons, Railroad bonds have sympathizcd with
| the stock market and are generally stronger
The speculation In cotton for future delivery
during the carly part Of the wook there was an
ance of the droughtin Texas and tho recur-
renee Of hoaty rains in tho Atlantic and East.
ern Gulf states.
SATURDAYS REVIEW.
The stock market opened feverish and
lower today, except for Lake Shore, Western
| Union, Louisville and Nashville, and Texas
Pacific. Reading declined IL, northwestern
s with others OF from Fridays closing.
Trading soon stesdied and prices advanced,
gains oflh and " respectively. Western Union
and Pacific were especially strong, gaining ~
| by noon. Missouri Pacific was tho weakest
stock and steadily declined with each transac.
| ton.
| In the afternoon the unfavorable bank state
ment tended to dampen the ardor OF the bulls,
and the bears strongly pressing st. Paul, Lake
Shore, and Western Union, the market slowly
yielded upon limited dealings until o clock.
the whole list except Pacific Mail, Telegraph,
| and Union Pacific preferred were below open
ing figures. After this hour little was done,
| the usual dull Saturdays closing followed
The tone at the close was fairly good at the
| decline noted. Bonds very dull, practically
unchanged. Sterling exchange fairly steady
at 4S1a TO AZ. Money easy, closed at 1 per
cent.
A Chicago dispatch says: "Corn opens weak
and lower under free offerings Of par options.
| A New York private telegram says Germany
| reports crop prospects excellent, and that they
are receiving cable orders to SELL"
A second dispatch reads: wheat looks
pretty steady but We don't SEQ any strong buy
Ing. Think II II breaks much more will be q
purchase for Il turn. The shorts arc the prin.
| cipal buyers of corn; good deal long stuff
thrown on market Looks weakest on far
| options"
London dispatch says American stocks are
generally lower: New York Central advanced
| Il and Erie VI; Declincs--Erie seconds ",
Heading u, InlHois Central /, Pennsylvania
| "a, and Canadn Pacific Il.
1 1t is understood that Mr.. oliphant will sue.
| coed the late Thomas Dickson III presidency of
Delaware and Hudson.
Il II Is reported that tho Mitchell party has
i disposed of their st. Paul. This rinor gave
| rise to the announcement of a disruption of
the pool. tits believed that tho DETECTION IL
nearer home and points to prominent Penn
sylvania politician. The rumior that Wander.
bilt has been q seller Of governments not gen.
orally credited His brokers reafflrm that he
is practically out of the market.
/ " Bull Points are current on Pacific Mail
President Harris, of the Northern Pacific says
everything that belongs TO the Oregon Railway
and Navigation company will be under the
control and management of the Northern Pa