National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-28

A Sharp Attack by the Bears Rattles Things
for Awhile, But the Closing was Firm.

ANa AWhhNs nuN NNt NiuhlnH was
NEW YoRK, Aug, 27.-The stock market to-
day was barely steady at the opening, and
soou became weak and lower on account OF un-
favorable reports concerning the trunk lines
and tho coal combinations. Lackawanna was
attacked with great severity by the bears the
price being forced down TO 1924 SELLERS OPP
tons were also put out on livestock, 2 to 8por
cent. below the price in the regular way, tho
transactions amounting TO nearly 10000 shares.
The decline outside Of Lackawonna ranged
from y to IA per cent. Texas Pacific was
affected by the adverse decision in the Marlor
case. Before II n. m. the temper OF specula'
tion changed for the better, and the market
continued strong throughout the day.
The advance was brought about by good
buying for the long account, which frightened
the shorts into covering. Union Pacific, the
Changers, Nanderbilts, Pacific Mail, and West
ern Union were most conspicuous in the linz
proyement, which ranged from u to 90 per
cent.
In the final transactions there was reac.
ton Of - to ia per cent, due to realizauons,
but the market Ieit Off hrm In the loan de-
partment, Michigan Central commanded l'82
per cent, per diem for use; Chioago, Burling-
ton and Quincy, Lake Shore. Northwest,
Union Pacific, lackawanna, aud New YORK
Central, l.6i, and New Jersey Central, North
orn Pacific preferred, and Louisville and Nash
Railway bonds were irregular.
Strong points are whispered that 81. Paul
viii boom tomorrow and the general market
get n boost for the usual Saturday realization.
| Union Pacific does not seem particularly
| strong tonight. The bonds arc rather more
active and frnctionally higher.
| sheriff Davidson has lust taken possession
OF the Bankers, aud Merchants telegraph of
| flee In New York on u Judgment OF Mr. Rome
| ling, tho wire man, for $4,000.
The main cause Of the noon rally in stocks
| is generally attributed to the oversold condi-
| ton of tho market. Van Emburg is selling
| Lake Shore and Northwestern, and during tho
| and Lackawanna on seller COS, of which 5. v.
| White bought 1900 at 1861,
| LONDON, Aug. 2s--i a. ma Shanghai telo'
| gram says $4,000 Chinese have invaded Ton
| quin, and the French troops arc reported To
have been annihilated. Several thousand Chi
! nesc are reported killed.
| Corn opened stroug in Chicago, the shorts
| covering, and tone now frmor. The advance
| does not look promising, unless they can show
very slim receipts The opinion Is expressed
| that the Cliques marketed considerable stock
yesterday, and that the weakness at tho close
was due 10 this.
Tho stock interest has considerably increased
the past two days. The feeling at the hotels
| last night was rather more bearish for short
turn but II Is admitted that the clique still
have great power in the market.
Points are given to sell Lackawanna for n
turn, but there seems TO bono disposition to dc
this by the room traders. AdviCes from Chi
cngo report that the passenger agents of the
| Vanderbilt roads have received instructions
rom New York to maintain rates at all haz'
ards
Quotations OF Wednesdays stock Sales.
Thefollowing have boom furnished by Bate.
| most active stocks In the Now York exchange: