National Republican., 1884-06-12
THE MARKETS.
A Weak Opening and a Falling OF, But a
Subsequent Great Rally.
The closing was steady, Though There
Were Heavy sales Under thc Rule.

NEW YoRK, Juno 1t.-Tho share market
opened weak aud fell of to per cont, but
soon steadied and rallied to por cont. After
IL o'clock weaker feeling prevailed, and prices
dropped TO per cent. This was succeeded
by an advance of Il per cent. in Louisville
and Nashville to %, and rally of to ) por
cent. in tho other active shares. In tho
afternoon there was further pressure to sell,
and Rock Island was noticeably weak, with
sales down TO 10Si, a decline of 81 per cont
for the day.
At delivery hour about 1900 shares Of New
York Central we're bought in "undor tho
rule" on account of non-delivery. Near the
close Louisville and Nashville and Missouri
Pacific we're stronger and in demand, and
the former rising to 25l and the latter to S6
Tbis had favorable influence on tho market,
which closed steady. The selling late in the
.lav was partly due to an unfounded report
of q heavy commercial failure halfway
bonds irregular, but in the main lower.
There Is general disposition upon on the
mart of operators to await Mr.. Nanderbilts
return. when movement will be inaugurated
20 advance prices by the combination recently
formed. e b. ~.
Mossrs. Seligman & Co., and Speyer q Co.,
have placed the balance oil the Soo,VuV,ooo
M1SHOnrl IHclnJ
six per cent. gold bonds, OF lo2o. ,ao,
These bonds are part Of those issued in lSSl
and the bulk of which were exchanged, BOND
for bond for the old first, second, and thlru
mortgage and divisional bonds.
The United States circuit court has peen
asked for OH order permitting the heauinH s.ia
receiyers to borrow money and issue certin-
cates The decree has not been made public
Western Union was hammered down on .
ronnrt of a reduction in rates, and selling OF
long stocksand offerings OF seller oo STOCK
The com pany has declared the usual quarterly
dividend of II per cent: payaole July 20. r.,
The earnings of the Northern Paclnc ioi
the Il rat week in June increased $15,6O0; in
creased mileage 725. ,,,-
The NAV earnings Of the St. Paul, Minne-
apolis and Manitoba were 10 per cent. less
than for May, 1883.
Railroad earnings of Omaha, hrst week III
June, increased $lI3OO. ,
SEAL
ing seller go options at per cent. from tine
market. London was selling Erie stock ant
bonds. Powers & Goodchild were buying
Sternberger, Field & Simon, and j. d. Probsl
q Go. sold New York Central. Tho buyers
vere Groyesteen & Pell +. w. Gilly, Combs
Holmes 4 Denslow, f. & II. Dealers in North
west were Noah Content, Williams, Freichel
blood & Co. and Kepler & Sanction solo
Iackawanna; Drake Bros. bought.
Tho bond market is feverish, but trans
actions unimportant.
The Cammack-WoerishofT following ar
selling stocks.
Work, Strong & Co. have been large seller
of st. Paul
There were no special features in to-day
trading and tho cotton position is PRACTICAL.
unchanged from yesterday.
sales of stocks to-day aggregated 392,9l
shares, including the following: Delaware
Iackawanna, and Western, $4,000; Erie
~ 75G Lake Shore, 22,400; Louisville an
Nashville, 1s,OOO Missouri Pacific, 2oO,25C
Northwestern, 14000; New York Central, "a
$50; Reading, 800; st. Paul, 47eS5; Unio
Pacific 56,690; Western Union, 29,ooo; Nortn
ern Pacific preferred, 1850. Treasury ba
snce-Coin, $126, ,9O9,597; currency, $o,745,o5
STOCKS.
Following are opening, highest, lowest, !, a. =
snecia7 wire reports received by Bateman IL Co
bankers, No. l1ii street northwest: