National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-26
THE MARKETS.
Chicago Dispatches Predict Lower Price,
for Wheat and Corn.


NEW YORK, March 25.-The market was
stronger to-day on Vandorblys denial of tho
report that tho New York Central intended
to issue 20,0O0,0OO second mortgage bonds.
The earnings of granger roads proved better
than had been reported. Traders sold the
general list, and some shorts were covered.
The most active stocks were Union Pacific,
st. Paul, Pacific Mail, Missouri Pacific, Lacka-
wanna, Lake Shore, and New York Central.
The market was fairly strong, except Union
Pacific and Missouri Pacific, during the
closing hour. Bonds arc fairly active, Erie
seconds especially so.
The bad break in wheat and corn ycster-
day will have beneficial effect on the stock
market ultimately, but while this break 10 In
progress fears Of failures in grain trade
makes an unsettled feeling.
officers of tho Pacific Mail company deny
the published statement that the company
has borrowed money to pay for three steamers
recently built.
Officers of the Reading Railroad company
emphaticslly deny the report that the COM
pany is paying its employees in accoptances.
Robert Garrett, James Sloan, and Frank
w. Tracy have been appointed executive
committee of the Ohio and Mississippi road.
Most of tho per cont. thirty.year bonds
have been assumed by the Baltimore and
Ohio.
President Rutter, after denying the second
mortgage bonds story, continued: THE
New York Central company has all the
money it wants, our terminalss were all paid
for long ago, and the company's business Is as
satisfactory as 1t possibly could be under tho
circumstances. The next dividend will be
paid regularly as heretofore. Tho reports
demonstrate that the road is earning its divi-
dend The Trunk line pool rates are now
down to the lowest cut rates. The Pennsyl-
Ia ,a 60 fha lou rNtn an r,pt of
Baltimore and Ohio making contract rates
lower than pool rates. l do not expect the
situation to become more serious than it isl
Representatives of the Erie company deny
the reports circulated that Mr.. Jewett and
the present board of directors will DO retired,
and state that the rumor that Mr.. ID. o. Mills
favors such action is without the slightest
foundation.
Schwartz & Dupec telegraphed from Chi
cago to Quinlin d Co.: mo demand except
from shorts. We have bought 5000, 900 BUSH
els this morning, and there is no use looking
for any reaction yet. The more you buy the
lower it goes"
The members of the firm of Douglass,
Green & Co., of New York, and Bateman q
Co., of Washington, announce to-day that
they have changed the firm name in New
York to Green & Bateman, the members Of
the firm and the terms Of the partnership
remaining unchanged
1t is expected that the Anchor line of
ocean steamers offer to carry grain free of
charge fol ballast but the companys officials
deny this, and say freights are stronger, with
better inquiry.
Sales of stocks to-day aggregated 243274
shares, including Delaware, Lackawanna and
Western, $4,000; Erie, $4,000; Lake Shore,
1922; Missouri Pacific, 1890; Northwest.
ern, 4,440; New York Central, 6,425; Pacific
Mail, 1,160; Reading, 14700 st. Paul, 5000;
Union Pacific, $3.50; Western Union, 7,775;
Northern Pacific preferred, AGA.
STOCKS.
Following are opening and closing prices Of
principal stocks as corrected by special wire
reports received by Bateman & Co., bankers,
No. ldl1 street northwest.