National Republican. (Washington City (D.C.)) 1872-1888, 1884-05-03
THE MARKETS.
Considerable Fluctuations in tho Prices Of
Stocks
Rumors Affecting the Older PNcihc Lines
Tho Grain and Produce Trade.



NEW York, May 2-At the stock exchange to-
day the Northern Paclhos and Oregon Transconu'
mental wero characterized by great strength Az
the opening there was some irrogularity III prices,
but before the first call Northern Pacific preferred
became very strong, and under brisk purchases
advanced from 40 to 5l1S. The other active shares
rose u TO 1 per cent in sympathy After D. IN.
Union Pacific was heavily pressed for sale, largo
blocks Of stock coming on the market at de-
clining quotations. Tie price broke 10 OtS,
and l7,166 shares changed hands. The drop
asw due to the announooment OF strike
against the reduction in wnges. lhcro were eve
dences Of New England selling Central PeG,hc
dropped from bOH to iGl3 In sympathy. The
bears" were Offering the next dividend on this
stock at u per cent. to-day. AS IL is unlawful for
members OF the stock exchange to offer to buy or
sell dividends Oh any stock and, as the attention
OF the officials of the exchange has been called to
the matter some action may he taken II the course
The sharp change brought about decline OF u
to ~ per cent. In the general list.
At tho lowest rumor was circulated that
leading firm was in trouble This rumor was not
confirmed and the shorts began to cover thoir
purchases THIS action lea to a shGTp rSMly , our
Pacific and Oregon Transcouuncntal shares were
more active than usual, md the buying was OF IL
good character. The market LEFT on strong.
II was reported in the board that the Chicago,
Burlington and quincy had obtained control of
the Oregon Transconlinental properly; Inls ana
the Union Pacific strike were tho only news tea
Tho Chicago and Alton declared a quarterly
dvden of 81 per share on tho preferred ana COM
mon stock, payable June .
The cotton market opened from to points in
advance. Liverpool declined l'6i, at which that
Central Pacific sold down on reports of reduced
dividends, and insiders selling.
IL. X. EnoS and DcnsOw, Easton Hcrts were
selling union Pacific. Work, strong " Co. were
marketing large lots Of s. Paul the Gould
brokers are buying Wizards The bulls claim
hat Union Pacific is cutting loose from the rest of
he market and will have but little elect here.
fer OH general prices.
A., In al Vg TFnian Pacific
railroad strike Will be general. The mon ut Lar.
annie, Denver, Cheyenne, and Evanston go out
tonight Fifteen hundred mon Will quit work in
Omaha at he same time as the worEmcn i'll the
Bnops. SwitChmen and freight handlers brake.
men and trackmen will strike, and the strike will
Central Pacific declined insympathy with Union
Pacific, AS the strike will affect through traffic.
Conservative brokers do not regard the general
situation as changed. The weakness in Union
Pacific. which attributed by the street to sales
for Boston account. is regarded by well-informed
operators to be a further unloading by the pool
formed sometime since to hui tho stock. 1t is
generally believed that the Union Puclhcs next
pany deny these reports. Concerning the reduG
ton Of salaries by the Union Pacific 1t is stated Il
penses viii make a saving Of $50, 900 per month.
Foreign bankers shy the better rates obtainnble
for money in this market will probably check the
The Vanderbilt brokers arc supporting Lacka.
wanna and Lake Shore. New York Cen trial Is
quiet. Martin Il Runyon are buying West Shore
bonds.
1t was reported in the board that William H
Vanderbilt had held an important conference
with Reading officials last night and promised
them money to pull through, IL necessary. There
was no heavy selling OF Reading to- day.
RepD, Is were circulated TINT the United States
Trust company had thrown out Missouri Pacific
aud Western Union Telegraph from its loans, bu,
they were utterly uniounded.
The bulls claim the market must be greatly
oyersold.
The following notice was Issued by Keene to
day: 4" Holders of privileges issued by me are re
QuGsteu tOrtnwith to present the for regis
tration and adjustment at my office, 80 BroaC
street."
STOCKS.
Following are opening, highest, lowest. ant
closing prices of principal stocks. as corrected b!
special wire reports received By Batoman & Co,
bankers, No. l1il street northwest: 3, .,.F