National Republican., 1884-06-24

Aukhcr Deciiae In Stocks, Followed by an
Tfnclal Bally on Sustaining Ordcrs-Mis.
siuri Pacific aud Lackawanua Still Corncred
ID Strong.
Special Dfspd.cb.
NAV IOnR, June o. Vanderbilt Is reported
as ying he does not look forony improvement
IN Prices az present.
nion Pacific compouy's report shows That
tha company holds nominal value el4,02I,A07
w tocks aud s21.7S01 1sg inbouds Of the com.
III, believed MIR Vanderbilt has taken up
Nomtl lius Nuudcrbilts stocks and sold thom as
th' tlickcst way Of settling hs sons uhnirs
Nnflorblt had s55.O0OO0o ofrovcrnmont bonds
pI stored tn his uomc year ayO. now he has
SIuUDOOO
=, piC decline in Lake Shore IS on a report
tnI the dividend win DO reduced 10 o per
III, and large holders have been selling long
,., fauy stop orders came out ,hls morning
lIl market Is tovOrish and Irregular Some
snlpgr was given by insiders m speCnhica
Nv tlo market II depressed OH numerous bear
reuirts circulated
Tthc Central Puclic's dividend will be con-
ElulEcd carly In July, nnd until Official action
W'Ikcn Duihinp C0n bO given gs 10 tho diyi-
dcI1s. OHclpls pf the Coptm paCiiC say
wa nolls on thc southern Pacific nro not as
sel lIous ,ns reported.
Y Chicgo dlspolgh s0ys. The secretary las
nh1puncod rom the gallery of the produce OK
ohlngg that Z. J. Kershnw q %. have closed
| oultadcs, md utQ now oven on the market I;
diiI iiIircnccs will BE- paid IN tue usualNyay.
NlIoll advanced " on this announcement.
" lhu opening this morning the market Wes
e'lri'h unq higher, except for Lake shore,
RuIk Island, Western Uuiop, and Central
Pnltiie ldst uamed opening IA decline on ~.
pOi,cd inside 6clliug).
trading progressed there wo1 especial
nr,lSurr to sell lAko Shore Oh stories that the
| dNl ldenq would bq ut tho rate Of per cunt
- Paul was again hammered on rumOrBd
IvlOlc IN tho slandord on pool about thia
" noon tho gsuora decline averaged
nctrly 3pcr cont, With vCry depressed feeling
Lolkawauuo and Missouri Pacific were excep
of a squeeze 0aehsli per cent gas BID Tor
us5 Of Delaware LaOtawaupa and Western.
10cr o'clock better fOcliug set in, and by
| 2Olglpck the market was steady and advanced
uhill the close, mainly on sustaining orders
4, Ycry uneasy feeling prevailed ip stock trod,
| offnincs Of individuals and firms alleged TO be
filnclully embarrassed,
~ the cotton market the position Is prnc.
tic,llly UNCHANGED. The selling movement
! goes IN steadily, with no Improvement In sight
at the closing
By associated Press.
New. YonK, June 2]-The stock market
opened finn to-day. aud prices rose "a tO ~
per cont, Quincy Union Pacific and Lake
Shore being the features iu the advance Tho
| ilrluness was of short duration, and soon aitcr
the opening selling movement set IN, which
| lasted with few Interruptions until after 2p
m. Reports affecting the credit OF prominent
cnIalistsn aud financial Institutions we've freely
| circulated, but upon investigation tho reports
| i'll every case proved unfonnded. Money was
again manipulated, nndthc rtc was bid up to
15Icr cent
During tho afternoon houses with Chicugo
| connections wcro free sellers, und this had an
| nnVttlng effect Tackuwanua was exception.
ally strong, and closed nS per Ceut. higher on
the day The weakest stocks were st Paul
Northwest, Western Union, Quincy Illinois
| Central, Chicago and Alton, and Canada South
erp
III the afternoon moucy became easier, ond
| . ii'mer tone prevailed iu the stock market.
Prices ruliiod = 70 2G por cent.
III tho final dealings the improvement was
partially lost, but the market closed steady.
The active stocks commanded a bonus for
| use. I.ackawanna lent ut "a to y, ind the re-
| nn'ndcr Of tho list l-6i 90 1|2 per cent. per
diem.
Railway bonds were heavy and depressed
The sales of stock to-day aggregated 4J3,S So
shatcs, Including tho following Central Pa
crn, Gl,01O Denyer and Rio Grande, 1900 );
Eric, II 90; Lake Shorr, H,4S0; louisville aud
Nashville, 1870 Missouri Pacific 1920
Northwest, 30,4sQ; New York Central, 1880:
Pacific Mnil, 1000; Reading, 1000; 81. Paul
| TsNl; Union hHciiic, "a ,BSJ; Western Union
r. lj; Northern Pacific, preferred, q ,2iO: Chi.
Cago, Burlington aud Quincy, 6.f2i; Oregon
TTqnacOntincntal, 66OO and Illinois Central,
| 4,Oj0,