National Republican., 1884-04-05
THE MARKETS.
Stocks Lower and the Feeling Far From
Confident
Wheat stilI on tho Down Grade and no
Bottom Ina sight.
Special Dispaich.

CDtcldf DieDdtch
NEW YORK, April 4-Tho market has
oeen active, strong in the morning, weak in
tne afternoon. The most active stocks were
tne srangers, Union Pacific Western Union.
Erie, Lake Shore, and coal stocks. All were
hIRner the first hour, when what seemed to
DO Gould selling orders sent the market down
ana IL continued weak up to closing. Bonds
were steady. The gold shipments, the un-
settled Cincinnati, Burlington and Quincy,
Union Pacific conference, and grain diff
culties were potent factors in decline.
Inc rumor of the failure of Lindbom &
Co., Chicago, was started on On announce.
lnent OF the dissolution of the partnership of
shls house,published in Chicago papers to-day.
Members of the old firm dissolved by mutual
eonsentl were Robert Il. Lindblom, N. q.
Miller William Van Kirk, and w. G. Will
lams, special partner.
me scare in the grain market is over and
prices are rallying. There were uncon-
nrmed rumors OF financial trouble and failures
IN tho grain trade in Liverpool and Chicaeo
Clews & Co.'s Chicago dispatch snys.
Largo lines of long corn and wheat have
come out and 1t looks as IL pork was being
un,oaued' The feeling is very unsettled,
ana even at the decline there are no buyers
OF wheat excepting shorts. No disposition to
20 long II wheat is not wanted for export
~ VIII decline TO price where capital will
take 1t and carry 1t, but the price NAV 10 TO
20 cents The kilograms say that there Is no
oemand and all are trying to sell, and they
are independent of American supplies"
Ihere has been great selling by the cotton |
pulls, and tho sentiment to-day seems to favor |
lower prices, say about 11.50 for Nav, at |
which prices the brokers nearly all saw would |
buy; Accounts from the Mississippi valley |
are oetter water rapidly receding, and plant.
ing operations active.
Tho Nlnlerbilt hrnLars gno,, a. H..
supporting orders in Lake Shore. The OK
changes OF non-voting Erie for voting stock
nave been large. Cornelius Vanderbilt said
,nat tno Northwest arrangement to buy
leased lines in Iowa would if carried out,
materially increase value of Northwest. IL
would get the benefit of reduction in fixed
charges without any increase in the stock.
p, A chicago dispatch says that the Atchison.
topeka and Santa Fe, st. Louis and San
francisco, and st. Louis and Wichita Rail-
road companies have adjusted differences.
April TO- o''''
A leading Boston house teegraphs that
money necessary for tho payment of a matur-
ing loan Of $l,20O,00O of Oregon Transconti-
mental has been obtained. Others, who arc
parties @ IA interest, say that up to last evening
only S3OO,OOO had been obtained. 1t is adj
mirted the money will be forthcoming.
me rumor circulated yesterday to the Of
,ect that Willard would bo offered the presi
lency OF the Oregon Transcontinentai and !
'tner companies, which he resigned in Jan
lary, lacks confirmation. Il
MT MT >. L. Lester writes from Paris to f. X. a
" lizard & Co.: Business in Paris very dull: :,
mes hard; little or no confidence in anything u
american. Weather throughout England 4
nd France forcing crops. Europe don't want h
ur wheat" ""N' G,
The compromise in the Western Union tax -
ults' whereby the company pays taxes on its I,
eai estate and not on poles and wires, is et
isineu isi 10 DC an important precedent in the ci
levated railroad tax suits Il
!, sales OF stocks to-day aggregate 341, 500 NJ NJ
Mares including Delaware, Lackawanna and W,
Vestern, 44,4OO Erie, $500; Lake shore, 3s. IA
Oo; Louisville and Nashville, $500; Missouri pc
acme, lO.SQo; Northgestern, 10000; Pacific "
laii, Hooo; Reading, 25450; st. Paul, 4O, ,76O RI
mon Pacific, 53,255; Western Union, 22,oOO E.
RECON Transcontinental, 1890. Nj
STOCKS. az
Following are opening and closing prices of d,
rincipal stocks, as corrected by special wire ga
ports received by Bateman & Co., bankers, ad
o. 1l4l + street northwest: gr'