National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-21
THE MARK ETs.


A Buoyant Opening, but Raid by the Bears
Sends Prices Down--There Was a Rally
Later and the Closing Was Steady.
NKw, YoRK, Aug. 2O.-speculatlon at the
stock exchange was characterized by buoyanoy
aud activity during the carly dealings. Union
Pacific was the feature and advanced on n
large business from 5OJS to 5i%. The rise was
based on report from Boston that tho company
and tho Chicago, Burlington, and Quincy had
arrived at n better understanding than had
existed between the corporations for some
years past. Rates have been restored through
out the entire limo OF the road, and all differ.
enccs with tho Denver and Rio Grando and
Denver, Rio Grande and Western companies
had been adjusted. The Improvement In tho
other active stocks ranged from II to 2M per
cent.
In tho afternoon Missouri Pacific was raldcd
down 70 g2lS by tho bears, and this weakened
the entire market. AT tho same time II was
reported from the west that the weather there
LED to some selling for the long account.
Prices declined - to 2lz per cent from tho
highest point OF the day. Near tho close there
was rally Of x % per cent, the latter in
Union Pacific. The market closed steady.
Railway bonds were strong and higher In
the carly dealings but closed lower for some
of the speculative issues on account OF the 70.
action In the stock market.
SlO,0O0,00O per cents. shows he has no fears
regarding his gold balances.
IL Ia Understood that the cliqucs marketed
some stocks during the earlier dealings ycster.
| Day, but bought ut the closing. The Could
| Connor brokers were large buyers yesterday,
especially Of Western Union and the South.
| westcrnt.
It is understood that tho advance in thcvcry
| low priced stocks and the activity shown hi
the dealing In properties Of this class is the
| direct work of the cliqucs.
Tho report that the stockholders Of tho
Rochester and Plttsburg would vigorously op
| pose the attempt 10 forooloso the road In the
Interest of the second mortgage bondholdeu
! wnS again current.
Tho big bears are out of the market, except
those, who have Joined tho bulls and arr
| working for an advance.
The Vanderbilt brokers continue TO repor
| that they are doing very little and II Is re
ported that Vanderbilt and his following ar,
satisfied with the present market and favo
ayaiting reactions before purchasing.
Commission houses report a better outsid,
demand. Foreign houses wore buyers of low
priced stocks yesterday. There Is u new poo
In Pullman, who propose putting the stock {,
Union Pacific for 60 this week.
| heGould people are bullish on Union Pacitl
ana claim that the present earning rate vii
enable them to declare dividends and accumu
late surplus.
The, bears claim the Eric advance has col
lapsed, and that there was good selling of
| yesterday with the cllques.
A private dispatch from Philadelphia rC
ports considerable failure In fruit trade, an
others are anticipated.
IL Is rumored from Saratoga that Wander
bits Interest in Eric Is 10000 shares of stock
Philadelphia report says there is talk thor
OF corner In Northern Pacific preferred
which is to be twisted on the closing of tn
books as was the case last year.
1 Quotations Of Wednesdays Stock Sales.
Thefolowing have been furnished by Bate
man n Co., bankers, 14ll + street, being thu