National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-23
THE MARK FITS.
Tho bears Worry the Balls and "Firo" the
Market In New York; Great Excitement
In Chicago nlilmora Prlces

Market In New York; Great Excitement
In Chicago Baltimore Prices.
NEW York, Sept. 22-Presidont Cable, OF the
Rock Island road, arrived in New York last
night. II is understood he comes for the pur.
pose Of consulting with his executive board
regarding the differences existing west Of
Chicago and partly to attend TO routine bust
ness, including the declaration OF quarterly
dividend on Rock Island stock. General
Manager Hughitt, of the Northwest, was also
expected here, and the Omaha preferred divi-
dend will DO declared while no Is here this
week.
Mr. Cable said last evening that the Colorado
and California business had been settled and
truce been agreed upon for ninety days be.
tween the Omaha lines, and during this period
he thought matters would Simmer down"
IT was the Chicago and Northwest people who
were kicking but 1t was the intention Of the
Rock Island to stand firmly for the trlpartitc
agreement which had been fully ratified aud
Endorsed by It's directors and executive com
mittce. The 81, Paul company, hc said, was
equally resolved upon this point
The incW corn crop would begin TO move In
December.
The traders In the stock board were genor-
ally boarish In their ideas at the closing sat
urday, and anticipated lower prices this week,
except for specinltos like Union Pacific, Pa.
| cilc Mail, Delaware and Laokawanna, and
Western Union, which are under clique inilu-
expected that under the influence Of the ar
mistice by the granger roads till jan. North
western, st. Paul, Rock Island and Omaha
would start up O bit. Even the bears think
| th9t Union Pacific is going UP and Gould says
Mr. Morgan said he believed Union Pacific
| would advance gradually and says the good
Influence OF Adams upon this property has
| done wonders
The general short interest tho brokers say,
continues large. There Is talk of big ad-
vance In Kansas and Texas by and by, but
the parties In II are not yet ready to say what
| the movement Is based upon. The east bound
| tonnage of the trunk lines increag-d last week
| over the previous week 6,957 tons. Gould, In Il
| World interview, strongly advises Investments
IN az good railroad properties, and believes
| mat the country will emerge from the present
depression more rapidly than from any pro-
/ Nious panic ON record.
Philadelphia dispatch says the Reading
company was IN tho market Saturday ~ bor-
| company Is not permitted TO sell these securi-
ties below par, but there is no law prohibiting
| loans upon them.
Advices this morning from Chicago report
| no Immediate prospect of q settlement of
questions relating to the division OF Utah and
Colorado business. There is so little doing
that 1t seems unlikely that any of thel roads
comprising the pool Will rocode from the posi-
tons taken
There was some coverings Of shorts by the
| room bears Saturday, but the large bear ope-
rators continue to talk OF much lower prices.
The Exchange place bcars'wcre the heaviest
sellers of Union Pacific. The commission
houses shy there is no outside business.
Chicago special says there ~ great excite
ment over an advance In September corn from
q to so, and the market has been corncred on
the shorts by MITCHELL Armour Il Kent.
The traders have been selling on rumors OF
Nassau street institution In trouble. The
SnsS on g. gS nTy FaS Westerly ySFS
Union, and other good stocks,
The market opened feverish and irregular.
northwestern, Lake Shore, Kansas and Texas
Pacific Mail, Missouri Pacific and Texas Pa
cihc were fractionally, higher Union Pacific
Is and Lackawanna q lower. The market
soon strengthened under large purchases Of
Union Pacific, which gained Il, The Other
stocks We're "a higher Jersey Central was
active, opening at lgN and reaching jl@ at
noon.
Shortly after o'clock the bears began
raiding the market on reports that the secrc
had absconded. This was officially. duuied,
but 1t served TO break prices 10 the lowest oil
the day before 2 o'clock. After the 2l5 de
liyeries the market rallied fractionally, but
the closing tone was tired and weak, the
grangcrs leading the declines
Excitement In Corn.
CHICAGO Sept. %. QO3O A. MA strong
interest still centcrs In the corn market, and
this mornings trading has witnessed another
sharp advance in prices. Cash and september
90 TO 80, November from Az to As, while all
the year and May have advanced "A to u cent
The. excitement runs high, and every attempt
of shorts to cover only serves to provoke q
sharp advance. Wheat runs u shade irmer
while pork and lard are higher.
Quotations Of Monday's Stock Sales.
The following have been furnished by Bate
man n Co. bankers l4l1 f street, beng the