National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-01
THE MARK Ts.
Stocks Open Strong, But Soon Drop or Along
the Line-Gould's Missouri Pacific Corner.

Spccidl Dispd'ch
NEW YORK. June 3O---tt Is believed that-the
short Interest In the market WIS largely cov-
cred on saturday, and the report that leading
bull operators had mado private settlements
with the exchange place pnr1y Is credited by
some. II is stated that the directors OF the
Northern Poetic aud Oregon Railway and
Navigation company have ngrecd upon terms
OF Ia leaso The Northern Pacific will g'iaran-
tee 0 per cent. dividend upon Navigation stock
for two ycnrs nom July next; per cent. tor
the next three years. rad per cent, thereai.
ter. The Union Pacific from the lH has OF.
fcrcd pcr cent. upon Navigation stock and
and Northern Pacific. The Union Pacific has
Il traffic contract for the interchange Of bust
ness by way nf the oregon short line.
Charles Francis Adams, IT,, Hugh Riddle, &.
II. III. Clark, md Mt Dexter, accompanied by
MIMI <. II CalomcN general manager, Of
the Grand Trunk, leave omaha within . day
or two for a tour Of inspection over the Union
pncihc.
Mr. Vanderbilt IS stated to have bought up.
wards Of 5000 shares Lake Shore during the
lost icw days.
Friends Of Gould say that prominent invert-
ors In Missouri Pacific hayo signed on hgroe.
ment witt Gould not 10 coll or loan their stock
for specified time, so as 10 allow Gould TO
corner the shorts whcu the seller COS become
due, most OF which will cSpire 10 o short time
Tho short interest is estimated Of 5000 shsrss
more than the floating stock.
stocks opened to-day higher, except for Cen
trail Pucitlc, which showed ~ bGlow Sntur.
days closing. The market soon became
weak, the rcaliaations and pressure TO sell
long stock causing Il decline. by noon Mis-
souri, Paciiic was nearly per cent. lower Than
at the opening, and Central Pacific "a, Other
active stocks ayoraging " ,dcclinc. ,Ailer.
before closlnywhen Il reaction came, and Union
PaciDc was bid up, and the general list
gained a 10 y, but The tone was very weak.
Bonds are lower, with dull uudint. sterling
exchange advanced per cent. Money, ~, o,
4, closing at t.
The cotton position Lis unchanged, but
Europe seems Inclined 10 buy more freely
We think an advance probable.
By associated Press
NEW YoRN, Juno 30.-Thc week opened
with strong market ut the stock exchange,
and Ia the first sales there was general nd.
| vance of y to IA per cent. Soon after the
opening the bears made o sharp drive ut the
market and sold the whole list with great free.
dom until uftcr 1:l5 p. IN, whom the buying In
| for non.dclivcrcs gave II check to the down.
| w0rd movement,
The Pncihc stocks were the weakest shares,
| Central Pacific being affected by reports that u
receiver would be applied for, and Union Pa
CiAc by runors that Mr.. Dillon hud been com
| PEELED TO liquidate, aud would mako an MS
| signmcnt. Mr.. Dillon subsequently, denied
these reports, and stated that he had me
every obligation Os II came due, and was pre-
pared to continue TO do go lie also said tina
| the Union Pacific interest would be met to
morrow. The decline In prices ranged from
| " TO 81 per cent.
Aftcr 215 p. IN. 1000 shares OF Lake Short
| wcrc bought In under the rule for nOn.dCliv
| cry und this caused u rally Of 4 to Apcr cent.
but at tho close the improvement was partially
| lost
The sales of stock today aggregated S2i,77l
shares Including the following: Canada
Southern, $500; Central Pacific $3.50; Drln
| ware, IncknWanna and Western, 2O,21J; Erie
| = "a IN Tor ig,ttl nd nsn
| vile, 300; Missouri Pacific, g,625: Northwest
| lG710 New York Central, 1922; ~. Paul
1920 Union Pacific, n $3.50; Western Union
Shore eN.diyidends, 1900. Treasury balances
Coin, SllO,il70l0; currency, sl0,09i,s
Quotations Of Mondays stock sales.