National Republican. (Washington City (D.C.)) 1872-1888, 1884-04-29
THE NJ ARKETS.
The Room Traders lake P session and Have
Tun.
They Hush Prices Down-A Scare In Grain
i'm Chicago.


NEW YORK, April 25.-Stocks opened active,
with removed pressure to sell st. Paul, North
west, Reading, Jersey Central Pacific Mail,
and Western Union. These stocks declined
in tho first two hours, trading from to 2i
per cent, Lake Shore and Northwest suffer-
ing the least and Reading and Jersey Central
the worst.
The trading was mainly by the room people.
About o'clock Owens & Mercer, stock
brokers, gave notification of their inability to
meet engagements, owing to customers fail
ing to remargin. This was the signal for
another raid by the bears, which held until
near the closing, when, under the influence
of free covering by the shorts in Reading,
Union Pacific, st. Paul, &C., the market re-
covered fractionally, but the feeling was
feverish and prices irregular.
There was no news, save the failure, to
affect stocks, and it was simply a traders
market, with occasional bear drives on the
grangers and the coalers.
Gold shipments Wednesday will probably
reach 100000. Sterling exchange is firm;
bonds active and irregular.
The weakness in grangers Is attributed to
the receipt of information that the tripartite
agreement would BIO abandoned. ID. p. Nor
gan g. Co. are reported to be selling St. Paul.
and ia further rumored that Millbank and
Alexander Mitchell had marketed q large
line of stock prior to the departure Of Mitch
ell for the west.
Official statement from Keely motor d.
rectors says, after satisfactory exhibition of
vibratory and push engine, the directors
agree to recommend to the stockholders the
issuance to Keely of $4,000 shares of stock as
payment to him for his invaluable interests
in his new push engine, which is his own
property, stock to BIO issued only to Keely after
his patents have been turned over to the
company.
Lester & Co. Chicago wires; "Sell no stuff
short on this weakness. Tho decline has
been caused by weak bulls selling and trying
to break the market to buy on 1t. 1t is a
Mondays break, and it will do to buy June
wheat at 96b, July wheat at oct, juno corn at
56s, and July corn at Co.,"
Another Chicago special says: Market
was sold off on tho reported failure OF a
stock house in New York. They sold wheat
down to 9is for June, which closed 95l Corn
was raided down to 55l for July, which, now
is 500.
A Philadelphia special by private wire
says: THE net earnings of Reading for
March are in round numbers 5000, 000 against
S702,0 1000 for the Same month last year, and
$4,000 in February. 1891; deficiency for
March, 1884, compared with same period last
year is in round numbers 100000.
President Keim, of Reading, is very hope
full, and says that from present appearances
tuo Will w 40 WGIl hb luSU year,
which showed surplus over all fixed charges
of 81, 157, 1888, or equal to per cent. upon
prepared stock and 6 per cent. upon common
stock, and balance,of $57, 1884 in excess.
The opening of Clearaeld feeder of 100
miles this summer may increase this very
considerably.
Chicago special says that ut meeting
between Union Pacific aud Chicago, Burling-
ton and Quincy Mr.. Thomas Miller, OF
Chicago, Burlington and Quincy, and p. p.
Shelby, for Union Pacific, submitted plan
for pooling of eight groups, including sixty
stations. The association appointed these
gentlemen a committee to represent the
Union Pacific and Burlington and Missouri
roads for the purpose of agreeing upon the
necessary percentage. They will start i'm
mediately over these roads.
The negotiations with English capitalist.
for aiding the Mexican National Railway
company have not amounted to anything
and are said by insiders in the company to b.
at an end.
w. II. Phillips who failed last week, it il
now known Endorsed down margin receipts
which opens the door for a series of easy
frauds. Considerable CONSERVATION now OK.
lists in the produce exchange.
STOCKS.
Following are opening, highest, lowest
and closing prices of principal stocks, as cor
rected by special wire reports received b,
Bateman & Co., bankers, No. 1141 stree
northwest