National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-03
THE MARKETS.
A Weak Opening, which Continued Through.
out the Day with but Slight Temporary
Rally-GOsslp of tho Sireet

Weak Opening, Which Continued Through-
out the Day with but a Slight Temporary
Rally-Gosslp Of the Street.
NEW YORK, Sept. 2--Thc share market
opened generally lower and then advanced a
to ia per cent, tho latter in Northwest and
Union Pacific, which sold up to 0SI4 and iS}S
respectively Tho Improvement outside OF
these shares ranged from 4 to per cent. Be
fore the first call Louisville and Nashville dis
played marked weakness, and dropped nom
32]1 to 25I5, The publication Of the synopsis
OF the companys now plan had an adverse Of
feet on the stock. one report used against the
market was to the effect that tho Eric and
Grand Trunk had declared war This was
found to have cmhnated from brokers llrm
ana upon Investigation was pronounced false.
Northwest fell of per cent? st. Paul,
bbs SSi;n az. ~ Lake shore, ~ Missouri
paciilc preferred, "a Union Pacific. Pa and
western Union, L.
Amer 2I5 p, IN. a buying movement set in,
ma many shares touched tho highest figures
Of the day. Northwest advanced IA, ~. Paul
"a, LacRawanna ~ and Union Pacific IA,
aud the other shares Vi to u per cent.
inc market closed weak ut decline. Tho
rise In Union Pacific was due to the official
announcement that the Oregon Short Line Will
be completed by oct To-
Compared with last nights close, prices arc
"a 70 "a per cent higher.
The lending room traders looked for tenn.
porary rally In the market this morning. and
III oruer TO get back some stocks they sold yes
terday forenoon they tried 10 break certain
STOCKS by selling thom on options, u to from
no regular price. The Sautter followers hayo
been buyers. of Union Pacific, st. Paul, and
western Union. Western Union officials say
ne earnings will be shown to be much larger
than usual In the report TO be submitted in Il
few days. Press dispatches from Pittsburg state
tnht pig iron Is very depressed.
IL ~ thought that OH his return from Sara
toga commissioner Fink will call Il meeting TO
consider tho east bound freight situation.
The people who predicted stronger and bot
ter market, declared that a change was caused
by the multitude of the unfayorablo quarterly
railroad reports unexpectedly coming out the
| riots among miners In the west. and the con-
tinued cutting Of passenger rates Owing to
| the effect of these uniavorable circumstances
the leaders on the bull side let the bears play
with stocks, but they say II prices decline TO-.
| day then the market Is purchase. Conserva-
tive houses say the the market Ind a heavy
LOOK NJ the closing, Indicative of q lower open
ing TINS morning, but they would advise buy
ing on decline, because tho tendency is to
| ovcrScll the list.
Yesterdays sales were evenly divided be.
tween the short and long sides
ID, L. Morgan IL bullish. Conner Is bullish
| on Union Pacific and Western linton.
Some interest is felt in the result of the Sara
toga conference this week between the traffic
| managers.
Traders sold Union Pacific from d7sS to Az.
AT which price $. V. White bid for any part OF
SooO shares. The next sale was ut 4714, then
the stock rallied to lS
Brokers report larger demand for borrow
ing stocks to-day than FOR the last three months.
A Chicago dispatch says Commissioner Fink
telegraphed yesterday that the Erie and Grand
Trunk had declared war. General demoraliza.
ton followed this No line from Chicago
quoted traffic rates on grain and provisions
| Tickets to New York, first class, sold at Sli
n chicago dispatch says that II the earnings
OF Northwestern and st. Paul depend on the
grain movement they will show no increase
before October or November.
Saratoga special says that Vanderbilt will
leave there for bennington next Monday and
reach New York on the 10TH lilo declares that
New fork Central has no floating debt, anC
owes nobody except him anything.
Quotations OF Tuesdays Stock Sales.
The following have been furnished by Bate
man q Co., bankers 141I r street, being tho