National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-14
TIE MARK ETs.


Speculation Quiet and tho Dealings Char.
nciorined by Great strcngth-Nesrly a
Steady Advance in Prices From the Open.
ing to the Closing Hour.
New YoRK, Aug l3.-spoculation at the
stock exchange to-day was quiet, and the
dealings were characterized by great strength.
There was an almost steady advance in prices
I IN the opening until the close, except
.nortly after the first call and again near p.
m, when the upward movement received
slight check from sales TO realize. Tho ad.
vance in prices, which ranged from u to
per cent, was based on uniformly favorable
advices from the wheat and corn growing dis
tricts, purchases by the Vanderbilt party,
the arrival OF gold from Europe, and on semi
official odyices that the Union Pacific earn
ings were improying. Prominent in tho rise
were New York Central, Lake Shore, Union
Pacihc, Northwestern, st. Paul, Western Union,
lackawanna, and Pacific Mail.
New York Central advanced 3 per cent. to
lO71S, Lake Shore ~ to $50 Union Pacific "a
$50, Western Union 2to GG4, Pacihc Mail ~
70 6O4, Louisville and Nashville q to 35A,
Missouri Pacific ~ TO 81, Northern Pacific
Texas Pacific u TO ~. Michigan Central sold
Mt 20 for 100 shares, thebost previously reported
sale having been ut 66i4.
r.no Ilhr MI closed httOng NJ the pest figures
ofthe day. Tho following are the lending
rates.: Jersey Central commanded 3-32 per
diem for use, New York Central lilo Michigan
Genital l.32, Reading, Lackawanna, Central
Central Pacific 1.A. AS compared with last
higher.
Among the inactive shares Illinois Central
declined per cont 10 l2S, and rallied to l2g.
Manhattan Elevated consOls fell off "a to ~,
and recovered to 70
Mr.. Woer!shoicr said last night that he was
practically out Of the market, apd does not
| regard Cnmmack's return MS indicative Of u
| prospective bear raid. Further Cammuck has
httle interest In the market, and only sells an
occasional lot OF miscellaneous stock.
IL. N. Smith thinks the strong pools make II
| y pull but believes an outside interest could
be invited e stocks fell 3 to 10 per cent.
l.. Inc vanderbilt brokers say the pools are do
| ing very little, and the trading has been
ienturelcss for the past ten days. Yesterday S
STOCK transactions were practically confined 10
room traders, who covered during the morn.
ing aud put out fresh shorts in the afternoon.
Slaybaek Is snid to be manipulating the mar
ket ~ The Gould.Whltc interest, hut he asserts
that hts operations are only based upon II be.
net That the market Will advance largely
within month";
London brokers are divided in opinion. H.
Won Hoffman 4 Co. claim that tceir European
| investment orders are very few and only u
speculative business Is being done for foreign
account
, The bulls say that good crops will rally
Things greatly aud good buying will set in for
all good diyidcnd.payiug stocks.
, The Bothnia and another steamer arrived
In New York to-day bringing 81 100000 in gold
for New York houses from London.
Inc rise III the Western Union was caused by
Il. Drake bidding the stock up from 20 to co.
Mt which price II few thousand shares were
sold. Bissell than offered one hundred ut CO
which, We're taken by Drake. A few hundred
were then sold scattering to Gj54, The shorts
then commenced buying and the price shot NJ
to COZ. The buying Of Union Pacific wa,
mainly by the S. V. White following.
Quotations OF Wednesdays Stock Sales.
The 1ollowing have bean furnished by Bate
man Il Co., bankers, 1Ill Il street. being the
most active stocks In the New York cxchango