National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-21
THE MARKETS.
Continued Activity in Union PaCiAcS and
Granger Stocks.
What is Thought About the Immediate
Future.


New YORK, March 2O.-The market
opened active and strong on the settlement
of Northwestern difficulties. About IL o'clock
bears raided Union Pacific on rumor that
declaration of next dividend might BIO en-
joined This broke the stock and the whole
market sympathized with the decline. In
the afternoon the market was dull and fca-
tureless. Most active stocks wero Union
Pacific, Pacific Mail, and grangers'. Bonds
steady and higher Closed strong on the
whole, Northern Pacific leading.
This mornings SIN says d. z. Morgan is at
the head of the pool in the non-dividend
stocks.
A Chicago dispatch says: Wheat better ex-
port movement from New York, but prices
much TO low toe induce shipping from Chicago.
More covering yesterday afternoon Corn
shipments wero chiefly for New England,
Receipts showed some signs of falling of, and
bad weather may cause advance, but think it
sale on bulges for the present. Provisions
look pegged, but only trifing demand.
A man who sold Now York Central short at
1d2, after paying dividends and loaning
shares, finds himself o loser Of 1876 per hum
dred shares If he covered ct last nights clos
ing price.
The talk upon Union Pacific gives reason
for prices holding under the publication of
the bad January statement The loss of
S664,000 was attributed to the companys
agreement to settle its difficulties with tho
Chicago, Burlington and Quincy. Tho great
decrease in the January net earnings showed
why the Union Pacific was willing to settle
with the Chicago, Burlington and Quincy, as
the decrease was due to competition. The
February earnings were affected by snow
blockades, but are said to be better than for
January. Mr.. Bell offered to bet $4,000 that
Union Pacific would sell at so before at 90.
H. ID tao1o hao ,gg,,
its spring circular, and prices show an
average decrease from same time last year OF
20 cents
Z. X. Willard & Co. have been heavy sellers
of Union Pacific, and q board rumor is that
the next dividend will be reduced or enjoined
on the ground that it must be paid out of the
net earnings for tho quarter. which will be
insufficient.
On the application of Chas. L. Quincy
Bulge Nixon has appointed A. l.. Jones re
ceiver of Yellowstone Park Improvement
company. Rufus Hatch says the debts are
about 100000, and the company will pay all
laborers this week.
The next dividend on 1,000sh of Union
Pacific has been offered here to-day for L!
per cent
1t is authortatively reported that the Cana
dian Pacific road has paid all Of its floating
debts and to-day has $l,500,000 in bank, snd
the remainder of the government subsidy and
the new loan has been placed to the com
pany's credit as work progresses
Vanderbilt brokers have been very large
borrowers of money to-day
Dow Jones says: 1--WE are authorized Il
offer l2a for July coupons of West Shore
bonds"
Sales of stocks to-day aggregated 224, 3s
shares, including the following: Delaware
Lackawanna and Western. 81 ,i40; Lake Shore
6,710; Northwestern, 1890; Reading, 5000
st. Paul, 29,245; Texas Pacific, 5000; Unioi
Pacific, 47,600; Western Union, $3.50; North
ern Pacific preferred, 1880; Oregon Trans
continental, 10,S0O.
STOCKS.
Following are opening aud closing prices o
principal stocks as corrected by special wirt
reports received by Bateman & Co., bankers
M 1111 II straet northwest.