National Republican., 1884-06-18
THE MARKETS.
A Break in Active Stocks, Followed by Slight
Recovery.
The Revolution In the Control OF North
ern Pacific,

New York, June 1.-THE share specula-
tion opened weak aud lower this morning
and prices declined to ~ per cent. Western
Union, Union Pacific, Lackawanna, 81, Paul,
Northwestern, and Louisville and Nashville
wero the weakest stocks. Thls SAs succeeded
by q rally of to II per cent. Western
Union, Union Pacific, Missouri Pacific, Laoka-
wanna, Northern preferred, and Lake Shore
being most prominent In tho improvement,
Pacific to 00a, Lackawanna TO 1902 and
Northern Pacific preferred to 45a. At tho
close there was reaction Of | to per cent.
Portland, Oregon, dispatch says that the
Oregon Railway and Navigation company 3
annual meeting elected directors for tho
ensuing year. Colby, Hall, and Smith are
now directors, and Mr.. Colby will also go
in to tho, Transcontinental directory.
Tho Union Pacific meeting will be held to-
morrow Dillon resigns and Chas. Francis
Adams, jr. will be ofiere tho presidency.
Dillon continues in the directory. Mr.. Cam
mack continues bearish, although he says he
is doing nothing in the market.
The Exchange place party predicts lower
prices for Union Pacific and tho grangers.
The bull combinations do not expect to do
more than sustain prices for the present.
III Is rBpOrLou UnNb OllVoE AJ0tS bOlu
through Boston houses 5000 shares of Union
Pacific. Sterling market fully steady on
limited business.
Tho railroad earnings Of the Northern
Pacific, second week in juno, increased
$70,555; increased mileage, 7.52.
A special Milwaukee dispatch to Il. X
Willard & Co. says "The Manufacturers
bank has concluded to 20 into liquidation
simply because there Is no profit in banking
business. 1t will pay all claims"
The stock market opening was weak, with
strong pressure to sell Western Union at
per cent. decline from Mondays closing
other active stocks showing declines Of tc
Z per cent.
Prices sagged steadily until o'clock when
the declines from opening were Union Pa.
cifc, II; Western Union, 2; Louisville and
Nashville, II; Pacific Mail, !; New York
Central, Il; Lake Shore, Ii Northwestern, II
ST. Paul., II; Delaware, Lackawanna and
Western, 1.
Bonds were inactive Stock exchange was
dull, but firm.
Toward o'clock prices began to reac
under the lead of Union Pacific, Missouri
Pacific, Western Union, and st. Paul, anC
advanced per cent. for all active stocks
The closing was dull, but fairly firm at thu
recovery noted.
No news to effect the market was received
to-day, and it may be termed weak on realiz
ations ON the recent advance
Advanced: Rock Island 4, Jersey Contra
/. Missouri Pacific \, Canada Pacific 4. De
olined New York Central l. Erie 1, LAX
Shore IL, Northwest IL, st. Paul H. Unioi
Pacific II, Delaware and Lnckawanna
Reading 4, Northern Pacific preferred
Oregon Transcontinental I, Central Pacih
4, Texas Pacific g. Kansas aud Texas
Western Union H. Louisville and Nashville
4. Ontario and Western preferred &, Illinoi
Central Il Pacific Mail II.
The break in cotton to-day was entirely ol
continued fayorably crop reports and dc
cline in Liverpool. The market closed witt
prospects of lower figures tomorrow.
Sales of stocks to-day aggregate 220,0l
shares, including the followingi Delaware
Lackawanna, and Western, 42,145; Erie
1000; Lake Shore, 14,500; Louisville an
Nashville, 5000; Missouri Pacific, 10,90(
Northwestern, 1O,565; New York Contra
4,900 st. Paul, 29,400; Union Pacific, So, ,70t
Western Union, 2O.360; Northern Pacifi
preferred, 10000.
STOCKS
Following are opening, highest, lowest, an
closing prices of principal stocks, as corrected b
special wire reports received by Bateman & Co
bankers, No. ll4l street northwest: