National Republican. (Washington City (D.C.)) 1872-1888, 1885-10-17
TIE MARKETS.
Bull Pools In stooks-sEatlng on Tain
Ice-Wheat Weak and Lower.


NEW YORK. oct i6.-During the recent adj
vance in prices on the stock exchange 50
many pools have been formed in the different
stocks that there is hardly amy active stock
the price OF which is not materially controlled
by the operations Of the particular clique In
that stock This applies to tho low.pricc
shares that arc forgotten, except at times like
the present. when they suddenly spring Int,
prominence, as much rs to tho mort active
securities. For n time these pools actel I'm pcr.
ltc! harmony, us all were working for the sans
enu-9n advance In quotations. As time
loading at satisfactory profits, and they wors
lheii, OF course, ready for Il reaction Others
however. that had not been so fortunate nntu.
inily ltslled INC downward movement, aui
hence The many bull pools have come to work
more or less IN opposition 10 each other. THIS
Is the view of the present condition of the stool,
lnniket That Is taken by many prominent con.
iolNatlvc operators and II Is the reason given
lOr INC feverish and unsettled tone which the
market has exhibited for several unvs INST
while any material reaction in quotation has
been followed by n decided advance usually to
prices above the highest previous II cures.
The unreasonable Arguments advance in
inVOr oil the upward movement have become
Dy-Word among conservative business men and
IN some quarters fears arc entertained that the
leaders ~ certain pools are ligurativcly skating
on very thin ice, aud that their only hope of
success is in maintaining the advance until
suSh Tine as they may be able ~ induce out
sldcTs TO take their stocks Ut II profit. This is
tho position taken by lhO3c who believe that
there was very good reason for an improve.
Iutnt IN quotations during the summer ami
lhnt the outlook for the future II decidedly
more encouraging than It has been NJ any
time Tor several years past. The trouble in
their view Is that the Improvement his very
unfortunately been ovcrdOne to d ,grcc that
present prices are dangerous.
At the opening of the stock exchange this
morning the market was little less than buoy,
ant, ftst prices showing an advance IN aim st
every instance OF IS to u per cent.
IN INC early dealings there were further frac-
liOnal advances for most of the active list the
gums ranging all the way from 4 to u per
cent This was followed by reaction, durin.
which the enrly gains were lost nnd generally
small fractions In addition In other ca,cS,
however, the lowest prices of the day wert
made at the opening, including Pacific Mail,
New York Central, Northwestern, and jersey
Central. A strong bull movement was started
about midday.which continued after O'clock
and during which there was general advance
of TO over per cent. This was followed by
another reaction, aud then II compIratlycly
steady hut firm market to the close. Tht nnil
prices arc generally = TO "a per cent. below the
Dest hgures OF tho day, and from - TO per
cent. better than the closing prices yesterday
Money on call continues easy ut TO p.r
ccut. CLOSING ut 2 Foreign exchange continues
quiet and quotations unchanged. G)vcrnmclt
bonds have been quiet and steady. state bonds
have been active and strong.
Treasury balances Coin, $3.50, 81, 900, cur.
cncy, slj,l3S.SQ0.
Quotations of Fridays Stock Sales.
The following have been furnished by Bateman
Co, bankers 14l1 street, being the lost active
stocks In the New York exchange.