National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-16
THE MARKETS.

Could and Other Leaders About "to
Take Holdv Again - Yesterdny's |
TRANSACTIONS Active and strong.
NEW YORK, Aug 15.-Just before the
close Of yesterdays market W. II. soutter
was advising his friends to cover sohrts
and 20 long of stocks, as he considerod
that Gould and the other leaders wore
again going to take hold" A number of
brokers followed tn suggestion, and this
accounts for the steadiness noticeable at
tho end of the day. The Woorishoefier
party claimed that there was q great deal
Of realizing from noon until the closing,
and that insiders sold Louisville and
Nashville, Union Pacific, st. Paul, an
the Vanderbilts. II was reported that IL.
V. Smith was buying yesterday. Tho
Union Pacific officials claim that Boston
holders are growing fewer, but that all
the investment stock being sold Is taken
BY q strong syndicate. Within the past
two weeks many transfers have been
made to J. Bloodgood & Co., OF Union
Pacific, and IL Is vaguely reported that
this Is for election purposes.
The Gould party is divided In its
opinion concerning tho immediate market.
Bull points are very thick on Pacific
Mail. Mr., Sage speaks glowingly Of
the prospects throughout the country,
and proclaims himself rampant bull on
stocks. g7N yrs nlrl ...--
London BROKERS are selling stocks, and
Exchange place parties are returning
loans. s. V. White Is loaning Western
Union and Union Pacific, ono house bor-
rowing largely of the former. which sold
short at go and 60s.
III s.,k g. IT,ta
Pacific earningf for June decreased ST.
1913; net increase, $69,707; since Jan. 1 do
crease, SLATE, 543.
A Chicago special says tho Northwestern
having Informed ito eastern connections
MS well as the Union Pacific, that IL will
no permit any of its business 20 BIO
diverted, 1t will compel tho Union Pacific
to disclose It's position in tho tripartite
complications. If IL complies with the
Northwestern request, then IL Is not in
harmony with st. Paul, and the st. Paul
and Rock Island will have no other
alternative than to sue for breach Of con-
tract.
The advance in Erie Is based on belief
that the company will pay the September
interest on its seconds.
Tho Oregon Transcontinental company
to-day tendered Kuhn, Lock n Co. o
check for s250,000 in payment of sterling
loan maturity to-day, collateral against
which were sold out by the firm somo-
time ago. The firm have made no sign
whether they will accept or not.
Tho market opened higher and grew
stronger till o'clock. Erie leading the
advances on reported changes In admin
istration and financial improvoment-thC
Erie second bonds advancing 3 per cent
on these reports. The grangers were thu
next strongest, and Union Pacific, West
ern Union, and Lake Shore next. TIT
other stocks moved slowly either side
In the afternoon Erie held its strength OF
shorts lowering. Aftor 2;15, when thu
realization came, prices went off frac
tionally, but the bulls rallied, and the clos
ing was very steady ut the fractiona
decline from best prices" Appearance
indicate higher market for Saturda
morning, with the usual decline upon tn
afternoon realizations.
Bonds, especially Erie seconds an
West Shores, were active and higher.
1t is generally estimated among cotto
people that tho crop will reach 6,250,O0
bales.
As compared with last nights clos
prices are TO IL per cent. higher, exceT
for Canada Southern, Central Pacifi,
Louisville and Nashville, Missouri Pacific
and Wabash, which are ! to 4 per cent
lower.
Railway bonds were strong.
Quotations OF Thursdays Stock Sales.
Thofoilowing have besn furnished by BATE
man q CO., bankers. l4l1 street, being tn