National Republican., 1884-09-15
THE MARKETS.
The Bulls Hcsltating About Sustaining Stocks
ANY Longer-Tho Bank statoment-Balti-
more Trading.


ANY Longer-Tho Bank statoment-Balti-
more Trading.
NEW York, Sept. 1.-THE bull cllques
are in u very uncomfortable frame of
mind. During tho latter part OF the week
tho market at one time, got to point
whore there was no trading, Assistance had
TO be extended to o financial institution to en-
able II TO tide over the day, and the cliqucs
utilized the few hours they had in selling
stocksto get out in case the trouble could not
be stayed. Tho Trunk line complications
seemed TO increase, and there was no telling
where the troubles would end.
IL Is understood that Messrs. Gould, White,
and Morgan had about made up their minds,
a fortnight ago, TO give up bulllng stocks and
let them drop to their natural level, but we're
persuaded out Of the idea by a prominent ex.
president of a New York bank, who edvised
ngainst such course ON the ground that tho
corn crop would restore the country TO It's
wonted prosperity.
II is claimed that Erie is still cutting rates In
ireights, as well ns In passengers.
Reports from the south indicate that cotton
IL turning out surprisingly we'll.
The feeling ut the close Friday was benrish,
and the failure of the bulls to support the
market was commented upon. The large
bears are idle. The selling is by room traders.
II Is reported that the Morgan party realized
on their holdings yesterday. s. v. White said
this morning that there is no truth in the re
| port that he had a combination with Morgan
for the purchase Of stocks, OF on joint account
| either way. He said: "The only pool into
which go is to take the commission on any
| orders execute for my customers"
IL 4 believed that II. N. Smith and Woeris
hoetior sold considerably Of Erie seconds, St
| Paul. Northwestern and some other stocks
| yesterday, and Chicago traders sold somt
shorts.
Commission brokers say the reaction yester
| day was simply made TO buy stocks upon, ant
| that the bulls control tho market when neCos
sary, on short notice, and that prices will b'
| up to-day or on Monday,
One oi'D o. Milis's brokers said he had
| cablegram saying II was true that the Londor
Frio committee had presented very unfavor
able report and caused great depression,
| Anoficer of the Erie company In the finance
department says that tho car trusts are not I
| part of the floating debt, as the company
holds the cars against the bonds, and thoy arr
valuable property, and but one side of tn,
balance Lai sheet Of Erie appears to have been ex
=, Appointment director of st. Paul now In New
| lork said that the directors would surely dc
clare 3Ia per cent. on the stock noxtweek.
=, AZ the opening Lake shore was the feature ~
IIillyer bid Il; +. & S. Sternberger, "a. ant
xon, Hoffman so before any stock offered
Baldwin, Maurice, and Williams bough
N9rthwest Chgrchill Morris sold,
To,day's stockholders says 1t is under
the Bankers and Merchants Telegraph com
pany, aud that Manager Mott will get the
place. II is also quite well understood tha
the Baltimore and Ohio Telegraph company Il
running very much bohind and Is heavily II
m debt. II is only aquestion Of time whoI
thero VIII be general smash-up OF the SO
called United lines"
Stocks opened dull and fractionally higher
Under free offerings declines n to / per cent
followed Lackawunna the extreme loss Tn
oregon Iranscontinentals stocks were, espeeiall
pressed for sale and 1t was reported that in
siders were selling.
From noon till o'clock the market wa
dull with little change either way.
=, IN the last hour the trading was somewha
livelier with slight improvement and til
closing tone was weak and tired.
BANK STATEMENT.