National Republican. (Washington City (D.C.)) 1872-1888, 1884-10-03
THE MARKETS.


Facts and Fancies That Influenced Prices In
Wall Street Yesterday Training IN Chicago
aud Baltimore.
NEW YORK, oct 2.-The best informed rail
road men thought that the affairs of the trunk
lines were now In condition as good as set
tied up, and about the only clouds remaining
were west Of Chicago, where wrangling goes
on over the l,0O0mile question
Passenger wars are usually OF short dura-
ton, and this may be harmonizedin q day or
Two. Chicago agent of one Of tho trunk
lines says to-day "Thc general meeting Of nll
the roads was held here yesterday afternoon,
and Il was decided to begin this morning on
2ecent rate for seventh and 10 cents for eighth
class freight to New York from Chicago. There
Is no agreement yet 10 restore other rates"
II, II was generally thought last night that II
the STOCK market opened about the closing
partly undor the influence OF the restored
rates on trunk lines. Wocrishoior took a diff
ierent view, maintaining that there was no
Indication that Europe would buy share
more Of stock.
Morgan continued very bullish and thought
INC Union Pacific and st. Paul were the best
stocks TO buy, especially on all reactions. Con.
nor believes Union Pacific Is sure to gradually
amayhnce to 20 without any marked reactions;
The brokers report about $1,000 In stock board
yesterday tobct on Blaine even up, aud $. V.
White made another g., 500 wager on Blaine.
Money was more freely offered on Blaine
yesterday than previously.
Chicago special says. The corn Is har-
vested in fine order In Indiana and new corn
| isarriving from illinois, where there are enor'
nous crops. In the new northwest the farm.
ers arch gliding back their wheat;
| ID. y. Mills Is expected TO be elected in the
new board of Erie directors
Tho feeling was quite bearish on North
| western, but the selling Is scattering. Gold
schmidt sold 1000 New York Central, Flower
| 4 Maplesden sold and the buyerswcrc schepT
The selling of Northwestern and st. Paul
/ to-day was mainly for short account BY
Woerishoifer & Smiths brokers, Morgan ha'
been considerable buyer all day.
The market was very dull throughout tn,
day The opening was ragged, the Wander
| bllts and u higher tho CHANGERS III lower
while Louisville and Nashville was rs lower
The bears began hammering Northwest, ant
| speedily made 1t Va lower from the opening,
The coal stocks were mildly ralded, Della
ware, Lackawanna and Western losing III ant
and Jersey Central per cent. on very Limited
transactions Aiterward the market Improved
| "A TO u up to noon. There were no features Ii
the afternoon. Trading was made at long in
totyals and was utterly spiritless, the heay!
rain preventing much gadding about for point
ers or gossip, The closing transactions still
tened somewhat, but the market tone wa
very Hat Not scrap OF news was current al
fecting stocks.
OMAHA, NEB., Oct AT a meeting OF tn
Iranscontinental association yesterday after
noon the lines composing the same were forme
into pools, and an anlicable understanding az
rived at with regard TO the agreement sub
mitted at the last meeting in Chicago. Tn
objection to the Union Pacific and Northern
Pacific receiving freight from the Oriental ant
Occidental Steamship companies was removed
and the rates are TO DO settled by arbitration.
| Quotations Of Thursdays Stock Sales.
| The following have been furnished by Bate
man d Co. bankers, 141l + street, being til,
| llOat active stack ~ n t1a Naty Vnrl n vrba