National Republican. (Washington City (D.C.)) 1872-1888, 1884-10-13
THE MARKETS.

Weakness and Uncertainty the Features OF
the Stock Trading Much Dependent upon
the Result Of the Ohio Election yandor-
bits Rig Sale or Jersey Central-Gould's
Blg Blufys--Talk or the Street.
NEW YoRK, oct. li.-During the early part
Of the rast week the stock market had
strong appearance, and prlccsndyauccdgc ner-
ally throughout the list Since then dullncss ha.
prevailed, aud prices have declined, but with
occasional reactions IN certain stocks which
have given the market the appearance ofirrcg-
ularty. There has been nothing Of great I'M
portanco developed In general news that
would aiIcc. the stock market Cutting in
passenger rates IS reported from tho west, bat
the relations between the trunk lines gcnct.
ally are net Of wHtliko character, except he.
tween the PennsylVania aud the Baltimore
AID Ohio.
There is some suspicion that business Is do
slgncdly kept dull this week In order to make
u rise Of more or loss importance if the result
Of the Ohio election nnxt Tuesday l. suiisHc-
tory to the manipulators. THIS remains to be
seen.
Union Pacific has been strong all the week
In consequence Of favorable exhibit fnCt
earnings Tor August made public on Monday,
nnd rumor TINT the report for September
would also be favorable,
The directors of the Western Union Tolu.
graph company voted To reduce tho dividends
| from 20 per cent. per Runum, but the sock
was little Affected and remains about STEADY.
MANITOBA announces u reduction in me quar-
/ tcrly dividend from . TO I V per cent, Nothing
new lius transprCd In the coal business, but
/ some OF the coal stocks have been weak, Jcr'
scy Central closing to day at ~ !. aud IN Phtlu-
| delphia II is reported that NanirrhOts 5000
shares have been sold; Reading declined To
/ nj.
| Railroad bond, continue 10 improve on the
| investment classes The more speculative
! bonds have been irregular IN the early part OF
! the week, showing considerable strength. on
| large transactions, but later having been dull
| and weaker.
during thv past week. There has been a mar
l tal pause In speculative action, dealings have
been less liberal, aud there Is disposition
shown to await developments
| Nandcrbilts sale Of Jersey Central was tho
principal talk last evening, but seemed Il
cause little surprise among outsiders.
| Advioes from Boston report that ~ 3ji,W
New York aud New England railroad stocl
has been voted I'm favor Of the proposed plRi
| to relieve the company. There now remains
sl,G75O 900 to be obtained to secure the nocessar!
majority.
Judge Fisher Of baltimore, has issued an IN
junction restraining the Philadelphia, Wi
mington and Baltimore railroad from inter
frrlng In any manner with the passage of pa
seugcr business OF the Baltimore and OHIO be
tween Baltimore and Philadelphia, -,
are all lowor. Erie ~. New York Central !
Illinois a, Reading d, Canada Pacific o. :
Paul u, Lake Shore ~ Erie seconds q lowe
Central Pacific IA lower.
Gould said last evening thnt he didn't thin
the market was going of much, and prcdicle
that Union Pacific would cross st. Paul an
Northwestern within year. sage was I
town last night, and Cammack was trying
win him over to the bear side by Rending 7
ports IN iron, but sage held out on the pro
pcct of republican victory In Ohio ana pro
pcrity thereafter,
Morgan said no was bull on just six stocks
Pacific Mail Union Pacific, Western Union, !
Paul, Northwestern, and Delaware aud Lack
wanna.
a Philadelphia dispatch gives the partic
lars of the Vanderbilt aud Jersey CenIr
transaction as follows: MIR. V. In May to'
. up Readings 5000 shares of Jersey Centri
and additional collateral was given. marginii
! II down to 40. II was supposed that Wanda
bilt would carry the stock Indefinitely li
was Il mistake Ii was u time loan aud can
due the last of August. The receiver could u
: give Vanderbilt his money when he asked
+ II. So he notified them that lac should sell &
B.; stock, which he did. Secrecy was observe
$ only Vanderbilt and the receiver know wa
I Reading lost.
8 A Philadelphia dispatch says the decline
: Reading securities Is the result of houses 81
ing that have been exceptionally well
formed respecting Reuding ailairs.
I The market opened weak to-day with q
r position to press stocks for sale on the report
: resignation OF Fink of the trunk line 20
n and report that the Baltimore and OHIO RI
:, road would adopt severe rctnliatory measul
d against the Pennsylvania railroad. keanl
/, and the coalers sold oil on the news that VI
!. dcrbilt had sold all his Jersey Central SIC
d when the Reading road could not repay
IS cash advanced
1t At noon the declines were about per ce'
aud during the afternoon the market drooi
steadily to the close which was at lowest
ures OF the day, with Il decidedly weak 70
! HpnIg in active Sterling exchange ullll,
II, changed. Money -.