National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-29
THE MARK ETs.
Stocks Bobbiug Up and Down within Narrow
Limits-Gould Writes a Letter 10 Bolster
Missouri Paclnc-Neus About Grain.


Limits-Gould Writes a Letter 10 Bolster
Missouri Paclnc-News About Grain.
Special Dispotch,
NEW YORK, July 2s.--Commlssion houses re-
port some investment buying, but worry few
outside orders for speculative account. II Is
said that notice has boon served on the OIL
GERS Of tho Quincy and Missouri Pacific of a
suit brought by the Central Trust company for
interest on It's bonds. Tho stockholders and
creditors Of the company several years ago re-
duced the amount Of It's indebtcdnos TO $1,000
per mile this being tho only condition upon
which the Wabash management would accept
tho lease Of the road aud guarantee the inter:
'est. Tho default Of Wabash throws the road
bnck TO the old owners. IL Is rumorod thht
Thomas Nickcrson will be succeeded as prcsl'
dout of the Mexican Central by A. II. Jonza-
lin vice president OF Santa Fe.
lhO salary offered TO General Manager Pot.
ter OF tho Central Baltimore aud Ohio by the
Union Pacific company y 1900 per year, Tor
five years and bonus OF sJO,OOO aud he IL IN
olined to accept.
Jay Gould in q letter accompanying npamph.
lot purporting TO give the legal status Of the
present Missouri Pacific Railway company
says as showing that the property sold under
decree for all that II was then worth and that
its value In 1876 II not be measured or estimated
by present condition. and earnings ,9f your
COMPANY ~ VIII add no says, "thai me
three years afler foreclosure from Mr.. Garrison
| compromised the only road from 81, Louis TO
| Kanios City, iabout 2gd miles with ITO locomo'
| tive and 2, iGl service cars.
| The earnings Of this property, As shown by
| the sworn statements Of the auditor Of the old
| company, for the year 1870 the year property
| sold under foreclosuro) were s3,7S7,vU gross,
while property owned ~ present by your com
| pany, and represented by SQ,UO0,0o OF stock
| now outstanding, consists Of about 1000 milo'
OF road, with largely increased and expensive
| terminals, with about 800 locomotives ana
1000 service cars besides assets In the trcls
ury Of the company OF par value of 81, JOO,UO
| which have actually cost tho company ovel
sJo,000,OOO, aud showing, as stated In last an
nual report, over Sl7,COO,0O o. gross earnings
Texas, and other leased properties"
Tho market opened feyerish aud ragged
showing declines OF u to per cent, on thu
activo list except for Western Union, Oregon
Transcontinentnl, and Canada southern. Til
market grow stronger before the end Of thu
first hall hour. and prices advanced "a for st
Paul Northwestern, Western Union, Cniol
Pacific, Texas Pacific, Kansas and Texas lead
O'Clock the market grew dull and price. slowl,
sagged. BY i:l5 p. nj. prices were nearly pc
cent. below the opening and ~ per cent from
best prices" before noon. From this time vi
Mt the declines noted there being only iraC
tional reactions either side during the las
forty.nve minutes. There was considerable
selling Of long stock in the afternoon, Bond
.actiyo, general decline y exchange duh AM
neglected; money closedl%,.
The sum of $4,000 was paid for q seat in tn
stock exchange to-day, jump OF s3,O5O i
one week.
Wheat is strong on very large outside. an
local buying. Private cables firm on wheat
easier on corn. The estimated receipts 0
wheat are 81. Louis, $4,000 bushels; MI
waukee. 1900 bushels; Baltimore, 1900 bush
BIZ Associated Press