National Republican. (Washington City (D.C.)) 1872-1888, 1884-04-24
THE MARKETS.
Disgusting Tameness the Ruling Characters
tic Of Business Yesterday.
Talk About Grain, Cotton, and Railroad
Rows.


NEW YORK, April 23.-Tho stock market
opened very weak, and under large offerings
p,steady decline set in until noon. Western
Union was very tired and seemed without
support. Union Pacific was hammered on
Washington advices of hostile legislation by
congress, and the bears made the most of the
alarming increase in gold shipments Up TO
noon tho average decline on the active stocks
was por cent.
The hour following noon showed dull,
spiritless market left entirely to tho traders,
and even the bears seemed disguised with tho
tameness of the situation.
President Endicotts letter to the protest.
ing stockholders of Oregon Transcontinental
seemed to induce sales of long stock, and the
price ran down to l6l.
The market closed feeble and without
feature otherwise than noted. Bankers
think Saturdays gold shipment may exceed
to-day's, when nearly $3,50O,OOO were sent to
England. Bonds fairly active, but lower in
sympathy with stocks. Sterling dull and
unchanged; very light offerings.
Walter q Krohn say, in regard to cotton !:
eve see nothing to prevent II further drop if
the weather becomes fine again. as it ought
to; otherwise we repeat our remarks of the
19th, that the market should decline for the
early months Our Manchester cable reports
a quiet market"
Russell Sage talks bullish aud seeks to convey
the impression that the pool formed Monday
afternoon will advance prices. There is u
moderate short interest in market, particu-
larly Union Pacific, Western Union, Pacific
Mail, Missouri Pacific, and the Wabashes.
The Twenty-third street party anticipates IL
rally of to points. Canmack says no
has covered nearly all his shorts and he would
not be surprised If the Gould faction aid to
advance might be successful, but he thinks IL
will be only temporary.
1t is reported that the Union Pacific COM
pany had nearly Si,00O,00O surplus last
July which has dwiudled away in various
shapes Competition with rival roads. bad
earnings, &c, and the bears say any attempt
10 declare dividend next July unless it can
be clearly shown to BIO earned will DO en-
Joined by the government commissioners
Boston adviccs say tho July LIST dividend
will be declared about Juno 10, when divi-
dends are usually declared by the executive
committee. Oliver Amoss answer to the
Union Pacifcs petition to have him ousted
from the receivership of Credit Mobilicr
declares there has been fraudulent oombi-
nation ofotlicers of Credit Mohiler to cause
an abandonment of tho suit pending in Mas
sachusetts, and denies that the company is in
solvent.
The price at which the Atlantic and Pacific
Railroad company will sell 100000 acres
of grazing lands to a newly organized United
States Land company is 80 cents per acre
Robert Garrett, B. =. Cheney, and others are
large subscribers. DR.. Green will be present
at to-day's meeting Of tho Western Union
directors, he will report on his recent trip to
Washington and give his views on the postal
telegraph bill.
1t has been shown that the cost of raising
wheat in India is just about the Same as in
Dakota, and as the cost of transportation
from Dakota to London is less than from In.
dia to London it is not likely that our wheat
market will be affected except as an increased
supply may lower the price. Wheatis bulled
on fictitious reports of England taking wheat
at ruling rates and decrease the visible sup
ply. Don't think prices will hold; on the
contrary. consider safe sale. .at.'
The sales of stocks to-day aggregate 407,70
shares, including Delaware, Lackawanna ant
Western 6O,500; Erie, 6i,900; Lake Shore
1900; Missouri Pacific, II 600; Northwestern
$500; Pacific Mail, 5000; Reading, $4,000; st
Paul. 1850; Union Pacific, 1900; Western
Union, Is, $50; Canadian Pacific, 1855; Ore
gon Transcontincntal, 1900; Northern Pa
ciic preferred, 1888.
STOCKS.
Following are opening and closing prices o
principal stocks, as corrected by special wir,
reports received by Bateman ~ Co., bankers
N,l,n