National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-08
THE MARKETS..
Sluggishness Once More the Most Conspicuous
Feature in Stocks.
Spectators Turning Their Attention 60
Grain and Provisions.
Specidl Dispdich.

NEW YORK, March THE market to-day
was shade buster than yesterday. What
little business there was transacted was in
Union Pacific, Delaware and Lackawanna, st.
Paul. Northwest, and Louisville and Nash
Vile The room traders had the market to
themselves aud succeeded in depressing prices
on reports of gold shipments.
War of passenger rates between West Shores
and New York Central on Chicago travel,
and cutting of rates by granger and trunk
lines. Bonds active aud strong. The market
closed dull and steady.
Yesterdays trading was so limited that IL
was declared by many brokers impossible to
establish quotations on any but most active
stocks. The bears are positive that the stag
nation can only DO broken by lower prices.
The bulls said they would lot the market
take care Of itself until II looked dangerous.
Traders thought there might be stump in
order to catch a short interest Brokers say
Lake Shore is pegged ut 1903 Walter $. Cur
ney says he holds his Pacific Mail for seventy
or better.
Good authority says a committee has been
appointed to adjust difficulties in Northwest
ern pool. This mornings dispatches from
Boston arc very confident of a squeeze In
Union Pacific. Members of the S. V. White
party are anxious to know who bought their
Lackawsnna, and they say that when stock
has been cornered before and pool sold out,
seems to be an exception to this. Two hun
bred thousand shares were sold at profit of
between 100000 and ii 100000.
The New York big tours were buyers of
wheat about 100000 bushels bought, and at
the closing Hustled was bidding for any part
of half million bushels. Clifford, Of Chicago,
was one of the heaviest sellers.
Some largo houses here are talking OF rally,
but others equally strong are heavily short.
The failure of the firm of Stobo brought
out some lines of long provisions. Rumored
provisions are in strong hands.
Wall street people were heavy sellers of
corn at Chicago.
The sum of 500, 900 was bid for seat in the
stock exchange last night.
The point is made against Union Pacific
that it expended q great deal less in main
tenance of property in 1888 than in either of
the last two years. and surplus may have
been shown at the expense of the value Of the
plant.
Quinlan g. Co.'s Chicago grain special says ::
"Lindblom just bought quarter of a million
May corn, at 55a and set the scalpers bidding
for IL. Comstock & Hobbs are the principal
buyers of wheat to-day.
Up to 12:45 $5,450,000 gold was reported as
engaged for to-morrow's steamers. Morton,
Bliss & Co., A. Belmont & Co., Lazard Freres,
and other leading houses are among those
shipping this gold.
Mr.. Harnad bought 5000 shares Erie stock
this morning, and this advanced the price.
Gould leaves Florida to-day for the West
Indies.
1t is reported in the room that large sales
of long stock are likely to come ont this p. m.
Cannot trace the rumor to any definite
source, but it is current.
Sales of stocks to-day aggregated 213,920
shares, including the following: Central Pa
cifc, 4,1S5; Delaware, Lackawsnna and West
ern, 42,S13; Denver and Rio Grande, $3.50
Erie, 22,300; Lake Shore, 11,7O0; Louisville
and Nashville, 6,710; Northwestern, 100
st. Paul, 81, zig; Union Pacific, 40691; North
ern Pacific preferred, 6,252; Oregon Trans
continental, 7,40O.
STOCKS. ...
Following are opening and closing prices of
principal stocks, as corrected by special wire
reports received by Bateman & Co., bankers,
No. 1411 street northwest.