National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-15
THE MARKETS.
Dull but Decidedly Firm Is the Ticker's
Testimony.
The Bears Making a NorvcIcss Effort 60
Dopress Prices.
Specinl Dispnlch.

Special DtsDdtch.
NEW YORK, March 1.-THE market was
weak up to l2 o'clock on the reduction in
trunk line rates and the northwest difficulties.
After noon there was an improvement on the
report that Vanderbilt had ordered his roads
to submit matters to arbitration. Everything
was very dull A few sellers options sold in
New York Central and Lake Shore. Now
York Central loaned at at first. Most of
the trading was in New York Central, Della
ware and Lackawanna, Union Pacific, Oregon
Transcontinental st. Paul, and Central Pa
cifc. Bonds firm. West Shores strong. The
market rallied during the closing hours under
the lead of the Vanderbilts, Pacific Mail, and
Oregon Transcontinentsl The business may
be reckoned on tn whole as dull, but firm.
The absorbing topic last night was reduced
east bound freights by the trunk lines
Wonder was expressed that rates should have
been reduced moro in order to meet the
actual cut rates which these are intended to
meet. Commissioner Fink said the report
that the Pennsylvania company has entered
protest against the Lackawannas percentage
is nonsense.
Largo bears said the only reason for hesi-
tating to sell the market on the cut was the
fear they could not borrow stocks.
Representatives of G. Q. G. and ]. proposed
to purchase 50, 000,0 900 bonds, which arc pro-
posed to be soon issued. They held another
meeting yesterday.
In Chicago yesterday wheat closed easier
on the whole, though there was no especial
weakness, but tho trading was mostly at
limits, and therefore not easily executed.
Some fear that the big operators might force
the market up made bears very cautious
The weather for crops is not unfavorable,
and the opinion is hold that eventually there
is but one way for it to go, despite stories of
damage to crops, which may give temporary
firmness, but nothing more.
Corn was quite strong. There was less re-
ceipts owing to scant elevator room, which
may keep receipts down for the present, as
there is no forwarding demand for eastward
account Possibly, 1t may be firm. and we
think 1t will sell higher next summer but
il is doubtful if prices go higher in the
interim.
1t is claimed by the bears that the st. Paul
balance sheet will show large increase in
bonded debt and q larger floating debt than
has been supposed. Insiders say Millbank
hold nearly one-sixth of the stock.
Chicago special says The Tribune this
morning states that all hopes Of maintaining
Northwestern rates after tomorrow arc now
abandoned. Bitter fight anticipated.
Sales of stocks to-day aggregated 216,600
shares, including the following: Central Pa
cfc, $500; Delaware. Lackawanna and West.
ern. 22,7O0; Erie, 14,900; Lake Shore 14,200
Missouri Pacific, 1900; Northwestern, $500
New York Central, 1880; Pacific Mail, 1880
st. Paul, $4,000; Union Pacific, 25,100; West
ern Union, $780, Oregon Transcontinental
1920.
STOCKS.
Following are opening and closing prices of
principal stocks, as corrected by special wire
reports received by Bateman & Co., bankers,
No. 1411 street northwest