National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-02
THE MARK Ts.


Speculation Opened Firm, but Soon Became
Weak and Depressed, and SO Continued to
tho Final Dealings.
New YoRK, Sept. 1.-The share speculation
opened firm and higher, but soon became
weak and depressed. There were rallies Mt
intervals, but in the main the market was
heavy and the course of prices was toward
lower figures. Unfayorable rumors concern
Ing the Granger earnings, and the publication
oil the quarterly reports Of the New York Cen
tral aud other roads were used to bring about
the downward movement In the first sales
there was fractional advance, but subsc.
guentiy prices dropped u 70 "a per cent;
nom S3M TO Si1E. Lacknwannn from l0gH To
l0i1i,- louisville and Nashville flom 3lh TO
3Ol4, Lake Shore from sl96 TO TgN, Missouri
from 1914 TO 1917, New York Central from 1Ol
20 l021g, Union Pacific from 4gA to iI5a and
Western Union from 6jIz 70 62]4. In the ilnal
dealings the Granger and Trunk llnes shares
| continued weak, while Union Pacific, Missouri
| Pacific, and Western Union were somewhat
| hrlner. As compared with saturdays closing
| prices are ~ to Us per cent. lower. inc
| changes in the specialties were merely frao-
The bulls on the Union Pacific and Western
| claim that these stocks will lead this week
| and advance considerably.
| The tirmness In the grangors Saturday is at
| trtbutcd partly to reports of harmony between
| The Rock Island and the Northwestern, and
\ the Saratoga meeting tomorrow, and further
TO the drop In corn NJ Chicago, aud some
what to the covering up Of shorts In the North
western and 81. Paul by Wocrrishoner brokers
| Tho bulls declare the corn crop will be as
tured this week Us 1t is fully two weeks earlier
than last year.
There was an important conference al
GOuld's Office Friday. It 10 said that Morgan
White NcwcOmb, Work, and Gould together
and Gould stated very frankly that he had ne
stocks for sale, had not sold on the recent rise
ana stood ready to buy on joint account viii
my gentleman present from ten to twenty
thousand shares of any good stock on the list
Commissioner Fink goes 10 Boston to-da!
TO meet General Manager llickson of th'
Grand Trunk road, which looks very mucl
Ike harmonious adjustment of the Trunl
line troubles, or at least an attempt in thu
direction of peace.
Tho loss Of five thousand tons In the cas-
bound tonnage OF the trunk lines last week
was attributed to the active employment o
the farmers with tho harvest
Insiders in Northwest say they expect Il
see loss of $4,000 the fourth week In Au
gust for the same reason.
The st. Paul Is expected to do rather bette
IMAM the Northwestern In this respect. WocI
ishoHer took In 1900 shorts in Louisville all,
Nashville Friday and feels very bearlsh OF
the coal stocks, believing that the anthracit
combination will burst this TALL. He undGl
stands that Vanderbilt will not allow the Read
ing or Jersey Central to further extend tn
time for restricting mining, and the death c
Dickson, of Delaware and Hudson, who was
great harmonizer, IL Il severe loss To the COZ
association. II was reported up town la,
I | night that the Wabash road had cut st. Lou
tickets westward from New York, but the Me-
York agents deny this.
Cammack is selling Union Pacific and Lacl
= aWanna.
Rate cutting by trunk lines continues. Ticl
cts to Chicago from New York are selling
Sl3. Specialists report the inside selling
Louisville and Nashville Saturday amounte
to 5000 shares of long stock Mt 30 to 81, whic
cost about 49, The annual meeting Of Loui
Vile and Nashville will be held ut Iouisyi
/. oct. l. The books will close Sept. ~ and r
open Oct. ..
Gould told his friends Saturday that the ge
eral market would sell up 10 points before Il
!, bears would find out their peril.
A better feeling prevails iu the iron trade,
Quotations OF Mondays stock Sales.
The following have been furnished by Bat
man a Co., bankers, l4ll + street, being III
most active stocks In the New York exchange!
oD'g. Htgh. Lolc. CtiJ. Sal: