National Republican., 1885-12-15
TIE MARK ETs.
Stocks Active and Weak Wheat Lower
and Dull.

and Dull.
NEW York, Dec. 1.-THE stock market to
day has been quite active and weak, and at
times Hfeverish. The general idea in Wal
street Is that n strong bear party was
formed last week some time, which began
operating quietly and conservatively, selling
when opportunity offered without disclosing
the.hnnd of the operator until Saturday, when,
upon the publication Of the will Of Mr. Wander
bilt, they assumed a more aggressive position,
and they have been the active operators on
Saturday and again to-day A conspicuous fea-
ture Of the operations is found In the fact that
they have met with comparatively little re.
sistancc from the leading bull manipulators OF
the market for months past. The cause OF this
is varlously interpreted. BY many II is claimed
that the backbone Of the bull party was broken
by the death Of Mr.. Vanderbilt, and that much
lower prices must necessarily follow.
There are many other reasons assigned by
the bears for their faith, but the one conspicu.
Gus argument is that mentioned. Among con-
servative operators II is still possible TO find n
fair number OF persons who believe that the
bulls are permitting the bearsto play into their
hands by the present course of the market and
that when sufficiently large short interest has
been created the market will react with
sharp turn. to the extreme discomfort Of those
who have been crying down prices for the past
few days. The bulls have the advantage OF q
practically unlimited supply OF money at ex.
and comfort TO be derived from knowledge OF
the fact that some OF the strongest Wall street
houses are unquestionnbly interested In main
tanning or adding to the advance established
during the past few months.
AT the opening this morning there were only
slight changes In the quotations of the active
list, with one or two exceptions where the diff
ference amounted TO as much as y per cent,
and In the early dealings there was some dis
play OF strength, the general list advancing
fractional amounts Avigorous raid upon Lake
Shore and Northern Pacific preferred was
started, however, in short time after tho
opening, and Lake Shore, which had opened
at 81, and advanced TO Si9I, broke In the foro-
noon to SIS, and Northern Pacific preferred,
which sold early Mt 60 to COZ, yielded to 5SlA
The whole list sympathlzed with this down
ward movement, which eliminated, however,
during the first hour. Thereafter the market
| was less active and prices more steady, with q
| tendency upward, which continued until about
o'clock when another onslaught by the bears
| was begun, and continued with occasional in
terruptions during the remainder OF the after
noon.
In tho late dealings there was slight rally,
| and the market closed somewhat irregular, nc.
tive, and unsettled at small fractions above
| the lowest figures of the day. Tho declines
| are from fractions to over per cent.
| Money on call continues easy at 2 to 2h per
| cent, the last loan being at 2. Exchange OH
| London continues dull at unchanged quota
| tions Actual business. SiSi for sixty.day bills
| and s., sc for demand. Posted rates, si.Si15 fol
| sixty-day bills, and si.S7 for demand. Gov
| ernment bonds are dull and steady. State
bonds have been very dull and heavy.
Quotations OF Mondays Stock Salei
| The following have been furnished by Batemar
| Co., bankers, 1411 i street. being the most acty
stocks In the New York exchange: