National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-27
TIE MARK ETS.
Stocks FevtrIsh and Irregular and tho Closing
Prices We're at the Lowest Figures Of tho
Day,

Stocks FeverIsh and Irregular and tho Closing
Prices We're at the Lowest Figures Of tho
Day.
NEW YORK, Aug. 2G.--Thc stock market to.
day was very irregular, but in the main weak.
AT the opening Union Pacific was conspicuous
for Il rise Off per cent to 81. Tho remainder
Of the active list, after q fractional decline In
the first sales became strong and higher In
sympathy with the rise In Union Pacific, the
advance ranging from a to ia per cent Be
fore II A. m. Union Pacific was forced down to
GOL but later rallied to 81 aud then dropped
to 405S. The coal shares also weakened,
especially lackawannn which broke per
cent to l0N% Sales were also reported at :,
this time ut l07, seller 80, ~ per cent below
tho price In the regular way The remainder
of the list declined a TO ~ per cent
During the afternoon the market was 6fst
firm and then fevcrish Amer $50 p. M, how
| ever many shores were NJ the lowest figures of
tho day, Pacific Mail selling at 40, Canada
Southern at IA Northwest Ct l9l, s. Pau Pau Sil5
| sns and Texas At 10, Erie at l6A Texas Pacific
t,,@l, Union Pacific i91{, and Western Union
| 90 At these prices the decline from the
| ig est point was equal TO - to "a per cent
| Il, final sales the market was weak VI or near
| the lowest figures of the day. The borrowing
demand for stocks was not large, and with the
| exception of Lacknwanna, which commanded
I
| TO l.6l for some of the leading shares. Com.
pared with last nights closing prices are y to
| "a per cent, lower, except for louiNille and
| Nashville, which is "a per cent. higher. New
| York Central Is unchanged.
| A good many traders and broker 20 in
clincd to the belief that there wUu. 1e a
further declines before much further 7, cry.
But they generally thought that yeN, lay S
manipulation meant higher prices presently.
| During the furry yesterday morning u now
short interest was induced, and tue clique
| buying at bottom prices was excellent. The
Gould people sold q good deal Of Union PnoifC
| themselves, 80 the brokers say but they
bought II all back before the day closed. There
wasp great deal of thilnble rigging all day and
the market Is largely artificial.
Worshoifer said last evening that he believed
Ner York Central, Lake Shore, and Erie Sc
cond were great sale, but no wouldn't deal
in cliqued stocks like Union Pacific, st. Paul
and Western Union. lie thinks the market d
trading one at present for or per cents.
The st. Paul party declare st, Paul will sc
up to 30 soon. SAGE said yesterday that inside
of fortnight, when the harvest Is assured, all
stocks would jump right UP.
y. V. White believes in much higher prices
He Is doing nothing in Lackawanna OF present
IL Is claimed that qoulds brokers have beer
| selling Delaware and LaGkawanna. The beal
story Us that the S. V. White party are out o
stocks, and that the Erie road is selling coal 81
cents below the other companies.
The largest selling orders in tho granger
stocks this evening have come by private wire
from Chicago, where IL Is reported bear com
bination Of traders has been formed.
Quotations OF Tuesdays Stock Sales.
Thsfollowlng have beep furnished by Bate.
man a 90, bankors, lill + street, bolng tho
/ mostachVe STOCKS In tho New YORK exchange:
I ont {f1b To,u Fvs, QnIg