National Republican. (Washington City (D.C.)) 1872-1888, 1884-06-05
THE MARKETS.
Alternately Weak and Firm, but Rally at
the Closing.
could Seems to he Now Operating on the
Bull Side.

NEW YORK, juno 4.-Tho stock market
to-day was alternately weak and firm, but in
the main firm speculation was affected at one
time by the reports Of further legal complioa-
tions in West Shore affairs. 1t was also
stated that the funding scheme had failed.
At the close tho market was favorably in
fluenced by the announcement that GlOO,OOO
had been Withdrawn from the bank OF Eng
land for shipment to New York. At the
opening prices declined TO IL per cent, the
latter in Canada southern, which fell off 1879.
Northwestern sold down III to 1901, but the
decline Ia the hands of the list was less than
/ per cent. Before IL q. IN. the market
changed for the better, and there was an
advance of to 2 per cent.
Railway bonds were weak and lower. West
Shore 5s were the features, dropping from AT
to 40 on report that the now funding scheme
had fallen through ON suit brought by one
of the stockholders in the supreme court. AT
the close the bonds rallied to Al, Texas Pa
cific Rios dropped from "a to so, rose to 81,
and closed at 50s Seller 60s were mado ut
AZ. Erie consols flrsts fell off to 12l and
advanced TO 1872; Eric new consol seconds
sold up to 1t to SO, declined to SO, and recov-
cred to 500. Northern Pacific frsts rose to
1oii. and left of at 1884, the lowest point of
he day.
After midday the market became weaker
md quiet, and, under the leadership Of Louis
vile and Nashville, q decline Of to 3 per
cent was recorded. At the close there was a
rally Of ! to per cent, the latter Ia Missouri
Pacific, and tho market left OF firm.
Gould seems to be operating on the bull
side, and was considerable buyer yesterday.
s. V. White and his crowd bought largo lots
of Union Pacific and st. Paul. During tho
last hour the Woerishoefior party covered
Reading shorts. The buying of tho Canada
mortgage coupons is believed to BIO for Van
derbilt's account. The bears claim that tho
fact that Reading could not pay interest on
these bonds is indication of the general con-
dition of coal properties
The Union Pacific earnings for May show o
gross decrease, according to estimates from
Omaha, of $4,000 for the third week of May.
St. Paul for the week decreased $24, 610, and
for the month of May decreased Si7, 513
The loan crowd in stock exchange shows q
decided increase in the short interest.
L. X. Willard Il Co. have just bought $1,000
Of Northwest.
There is very little change in the position
Of cotton. Crop reports from Texas continue
favorable.
Sales of stocks to-day aggregated 332, 500
shares, including the following Delaware,
Lackawanna and Western, "a, 515; Erie "a, 800;
Lake Shore, S915; Louisville and Nashville,
21,436 Missouri Pacific, $4,000; Northwest,
21,365; New York Central, 1856; Reading,
80, 100; st. Paul, 1880; Texas Pacific, 1925
Union Pacific, 1852; Western Union, 1870
Northern Pacific preferred, 1924; Reading
cash, 1900. Treasury balances: Coin, $685.
064,337 currency, 1855, 14i.
STOCKS
Following are opening, highest lowest, and
closing prices of principal stocks corrected by
special wire reports received by Bateman & Co.,
bankers. No. llil street northwest: