National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-18
TIE MARKETS
Stocks Said TO DO Healthy and strong-Tho
Bulls Lubllant.

NEw YORK, Aug. i6,-'rhe stock market was
duh to~,ny, the sales amounting to only fO,2OO
shares the smallegt total for any day for nearly
month past. In the early dealings spocula-
tion was strong, and there was good demand
for the low.prlced shares. Union Pacific and
Missouri Pacific, Kansas and Texassw the
special feature, selling up from 1gl4 TO 2lA.
Texas Pacific rose u per cent. to lies; Oregon
rranscontnental, y to 17Is Union Pacific, ~
to 40; and Missouri Puolilc,l9 IA TO 9ilI. The ad-
vance IN the remainder OF the list ranged from
q to per Gsrt Speculation continued strong
until after the second call, when weaker
feeling set In an there was marked falling
of In he volume OF business Prices declined
2 per cent. for Missouri Pacific to DiL; l5z for
Kansas and Texas TO 2OJs; for Lackawenna
70 ll@N; for Lake Shore TO s3Jsi ! for New
York Central to LOGS and u 10 q fer the other
active shares AT the close q recovery o. Ato
"a per cert. y'isucd, and the market left Off
firm. The outstanding short interest Ia large
n premium for use. Now JERSEY Central lent
OF l.l0 porlcent, per diem for u.Y, Michigan Cen
tral and Now York Central ut 1882, Lake Shore
at ~ TO l.32; Northwest Canadian Pacific,
Quincy, LOB; Union Pacific and Laekawanna
tat to l-6i, and Northern Pacific preferred fiat.
The stock market last week was without
| special feature. The carly pricesand tendency
pari9ok OF the character Of the preyisus
weeks closing, but later on oil values, though
iluctuating daily. improved, and are now ril-
Ing nj pretty near full figures again. The
cnangc In the tone and ten .cncy In the inter
| val Is due TO 40 known cause-in fact, the
slumpy market Of tue previous week and in
| the carly days OF this week was EQUALLY unex-
| plhinable 50 far as any chsnge OF facts which
really affect AN estimate of the pfoductiycnesi
| OF railroad property Is concerned. The failure
of the Wall Street bank had depressing in
| fuencc for time, but this was quickly over
md the market recovered again speedily.
The Vanderbilt stocks have shown much
strength ut times, bat the rumor has been per
Sidently circulated that the New York Central
Is about TO ISSUE some sort OF debenttire bond
70 payth Its floating debt and furnish ad
ditiotfnl means for lighting West Shore ant
Chicago, No facts are. positively known yet
aud the issue OF bonds has been denied
1t Is reported that financial plan for th'
Reading. road Is under adyiso mcnt by th'
| officers In consultation with Ms Vanderbilt.
Governments were stronger, with n large
volume of business. Prices of the long bonds
ns well as the 3 per cents, are all fraclionall!
| higher.
tho cotton market prices had a Sigh
upward tendency during the carly part Of tn
week.
Tho announcement that John King woul,
succeed Mr.. Jewctt as president of Erie wa
believed by some TO be move by the Balti
more and Ohio people, Ind that, the Car
rett interest IN tho PROPERTY had bee
LARGELY increased. II Is not generally be
Loved that the interest maturing on Erie cor
soils Will be met although sumors say than q
arrangement had been made to provide for II
payment.
The Eric people CLAIM, that several vacancic
Ia the directors board will be filed from tn
foreign stockholders Further that Gould an
vanderbilt cannot get control, and TINT II
| ipore cutting rates will be allowed. The Enl
: lshmen also agree 70 take batch OF Chicag
ind Atlantic seconds. 49,
The Gould brokers bought Kansas and Texa
IN Northwest Morris Brown u Co, bought. Tn
Gerfnans were large sellers Of Erie.
Tho bulls hte ,jubilant over the stock mark
and say that Gould aud other large trade
Will keep II up, Slaybach talks billish m
says the market Is very healthy and strong.
A Chicago special says; Wheat looks firm
Reported from Minnesota and Dakota tn
= farmers are storing wheat and wont sell at Il
present figures. Corn higher on shorts cove
ing. ......
BANK STATEMENT.
Reserve increase. 8Ql
| LOANS 1,vey,
speclc byo2
. Legal tender increase. S252
Deposit increase "......................... 626S
Circulation decrease, ........,............. ASS
Quotations or Saturdays Stock Sales.
Thefollowing have been furnished by bat
man u Co., bankers, 14Il It street, being tn
most active stocks In the New York exchange: