National Republican. (Washington City (D.C.)) 1872-1888, 1884-02-08
THE MARKETS.
The DishonOred West Shore Shares in Active
Demand.
A General Weakness Observable In n
Majority OF Stocks.


Special DtsDdch.
NEW YORK, Feb. The market opened
weaker to-day and declined for the first hour,
except in the coal stocks which were very
strong under room manipulation. The de.
cline averaged about per cent. from tho
opening. There was rally between IL and
IL, but the market soon fell OF. About 1890
n sharp decline in Central Pacific sent the
market down again, but the lowest prices
were in the first hour. Gould stocks QUOT.
Western Union fluctuating within all day.
Most trading was in Northwestern, 81. Paul,
Oregon Transcontinental, Union Pacific,
Reading, and Delaware and Lackawanna.
The borrowing demand 10 active. The
market closed dull and stronger.
The cause of the sudden reaction in the
market late yesterday afternoon Ia attributed
to large sales by the traders, who bid up the
market earlier in the day. Mr.. Gould further
says that the southwestern roads have more
business than they can do, and he firmly
believes, so he AYERS, that the Texas stock
would double up in price.
Mr.. Vanderbilt denies tho story that he has
been buying Delaware and Lackawanna to
control the property. He says there will be
no trouble among pool lines, and that Cable,
of the Rock Island is the one making all the
trouble among the gaugers.
Principal sellers of Central Pacific are the
room traders, and it appears the bears scooped
the stop orders The rumor is that tho road
did not earn its February dividend. Sustain
ing orders are now in the stock.
Union Pacific deliveries to-day are better
than for tho past three months, and brokers
say one of the big pools has realized.
The buying of West Shores puzzles the
brokers, and IL Is said, on excellent authority,
that some of insiders who sold out about
sixty have been buying for two days
At the Central Pacific Office no cause can
be assigned for decline in tho stock. The
net earnings for the past month were tribe
less than the previous year, but the mileage
operated and the interest charges will BIO less.
The dividends paid have been' earned.
There are large buying orders in the stock
board in Lake Shore at par, and all stock at
that figure is snapped up.
The advance in sterling exchange is caused
by scarcity of commercial bills and the ad-
vance in the bank Of England rate in London
to-day.
It is believed in stock circles that Wander
bilt will endeavor to GUST Cable, president oil
the Rock Island road, at the next election,
and Vanderbilt is trying to get proxies. The
st. Paul and Northwestern roads are anxious
TO have the Vanderbilt party get control OF
the Rock Island road.
Sales of stocks to-day aggregated 315,967
shares, including tho following: Central
Pacific, 13,40O; Delaware, Lackawanna and
WebIeIu, Ooiool, HIio, f,ouOi Nahoaa anu
Texas, 1900; Lake Shore, 19,400; Louisville
and Nashville, 5000; Missouri Pacific, 10,250
Northwestern, 9,400; New York Central 1865
Reading 1880; st. Paul, $500; Texas Pa
cifc, 1880; Union Pacific 25,300; Western
Union, 17,181; Northern Pacific preferred
1910; Oregon Transcontinental, 21,77O.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman s. Co., bankers
No. 1411 + street northwest: