National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-11
THE MARK ETS.
Dizziness and Stupidity the Features OF
Trading-Prices Remain Almost Stationary
--Prattle About Various Matters.

Trading-Prices Remain Almost Stationary
--Prattle About Various Matters.
Special Dispatch
NEW YORK, July 10-There IRE rlmors that
jay Gould had negotiated some new sterling
loans, but 1t turns out that they were renewals
ofloans made a couple Of months ago. Van
dcrbilt brokers say they are doing very little
In the market The question Of assessment on
reading stock Is ngain renewed. II Is held by
some lawyers that Readings stockholders are
assessable for unsecured debts of the company,
but 1n assessment would doubtless cause
liquidatlons. About the time of issuing the
deferred bonds II was stated by Governs law
yers that no assessment could be legally
lowed. The possibility OF Readings with
drnwal from the coal combination continues
TO be freely discussed, and large consumers
are demanding lower prices. IL Ia snid that in
the event of u disruption of the coal combina-
ton coal would sell ut 81 perton before Sep
tember in New York and Philadelphia. The
Delaware and Lackawann1 and Delaware aud
Hudson companies are urging further rcstric-
tions in August tonnage, which Reading OPP
poses.
1t is reported that the Chicago Burlington,
and Quincy Is surveying route directly west
| from Denver, and that construction VIII be
| commenced soon TO connect with Rio Grande
and western roads which are cut OIL from Den
yer traffic.
Conservative brokers advise customers to
II is denied by Russell Sagc's office manager
that Mr.. Sage intends to retire from business.
! Reading to-day was very dull, and the 1uc
tuations within narrow limits.
| At the opening Rock Island was "a higher
| Reading, ri Pacific Mail, ~ and Illinois Cen
trial, n. Other active stocks "a to u lower oil
very light dealings.
Inckawannn were most active.
Bonds opened weaker, especially Erie sec
| onds, but improved toward noon. After Tho
! first hour stocks improved, Lackawanna and
the Vandorbilts doing the best, but the aggre
! gate business continued light.
In the afternoon the market barely moved
! the little done showing a fair strength, and {
disposition rather TO buy than TO sell.
The closing was firm and quiet. Bonds, in
active aud fractionally higher; sterling cx
chance, u higher; money, very easy.
The Cotton position Is unchanged. The
traders talk bearish.
By Associated Press.
NEW YORK, July 1O.-Spoculation at tn
stock exchange was rather tame to-day. A
the opening the market was weak and price
declined u to "a per cent st. Paul preferred
Northwest, Lackawanna, Reading and Mis-
souri, Pacific, being the greatest sufferers. BE
fore II II. M, however, there was a decide
change for the better, and prices advance
steadily to the close There were slight reaC
tons on the way up, but the market close
firm at about the best figures of the day. TIL
chief interest centered In LaCkawanna. s.
Paul and Union Pacific, all which were NJ
corded strong support, and closed higheno
the day.
The kilograms received from the west In re
gard to the crops were very favorable, which
In connection with udviccs from Europe tht
the crops there were less favorable than ha
been reported, caused some buying of stocl
for the long account The large outstandin
short interest was also u sustaining elemen
the borrowing demand having been aCtiy