National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-10
THE MARKETS.
Another Tumble in stocks--The Coalers and
Western Union Heading in the Decline
Waiting the Action OF the Democratic Con.
vantfou


western Union Heading In the Decline
Waiting the Action OF the Democratic Con.
yentiop.
Special Dispdich.
NEW YORK, July at Is intimated that the
Reading company has practically withdrawn
from the coal combination and will work its
product for the best price obtalnable.
II Is believed that the Lackawanna short
interest is still very large, and although the
White pool Is reported 10 have marketed n
large amount Of stock yet there Is so little
floating on the street that squeeze could be
easily manipulated.
Officials OF Union Pacific say not a dollar of
floating Indebtedness of the branch lines Is
owed elsewhere than TO the Union Pacific
company.
vandcrbilts brokers say he is doing little or
nothing In the market. Cammack Ia reported
70 be selling Of 81. Paul. There seems 10 he no
disposition on the part Of bull cliques 10 do
more than sustain the prices of their special.
tics. There Is no evidence OF any large buying
orders.
A report that the payment of the September
interest on Reading would be enjoinod Is again
current.
President Bates, of tho Baltimore and Ohio
Monday
Woerisboffcr brokers arc said to be largo
sellers of Union Pacific. Bear points are plen-
here yesterday
ofIiciais OF the Denver road say that tho ap-
| plication for reoelverahip of the Denver and
Rio Grande road has been made for It's own
interest, and to prevent any hostile action.
The market opened lower to-day, except for
lackawannn, which was "a higher, and there
was strong pressure to sell the entire list,
especially the coal and grangers.. by 1890
Lackawanna joined the decline and this stock
| ran down rapidly on large snles to l051s, 81,
below the opening price, on reports OF trouble
In coal combination. Other active stocks were
"a TO 1% lower than nj the opening, Western
| Union suffering the worst. Bonds were lower.
Erie seconds most active. aud declined ~
from the opening till noon on large sales.
The afternoons trading was limited and
fluctuations only fractional The tone was
fairly steady ut the declines up to the closing
There seemed disposition TO walt for the re-
suit OF the convention ut Chicago before OPP
Grating IN stocks to any extent. :,
Chicago dispatch says The marke. \
very weak, and II looks like lower prices. The
bulls not disposed to operate.
Cotton IL unchanged except that there y
better inquiry for near months; little doing ii
far months to-day.
BY associated Press.
NEW YoRK, July 9.-The trading at the stool
exchange this afternoon was confined chief,
to 81. Paul, and the transactions In the stool
were large. The bears made an attempt L
with Stubborn resistance. President Mitchell
denied the report that the company has
floating debt. After delivery hour there wa
. sharp recovery In prices but Inter on TIL
improvement was lost and the market close
weak.
The sales Of stock to-day aggregated 27s, II
shares, including the following: CeiitrG
Pacific, 467O Delaware, Lackawanna an
Western, 10000; Lake Shore 1900; Louisvill
and Nashville, 700; Northwest, 1850. Ne'
York Central, Il, 900, Reading, H200; st. Pau
61500; Union Pacific, 8l,7s0 Western Unior
T,slo; Northern Pacific preferred, 1894.