National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-15
THE MARKE

A Slight Hardening in Prices Reported
Banks and Trust Companies Denying That
They Have Loaned Jay Gould 1oney-Rali-
road Talk.
Special Dfp1ich
New YORK, July Ia. The market opened 20
day higher for all stocks excepting Northwest,
sersey Central, Union Pacific Kansas Texas,
and Oregon Transcontinental. Trading was
dull and irregular up 10 noon with little varla.
tion from opening figures Very light trading
followed till p M, but prices gradually
hardened, and Mt 2:l5 p. M, prices were the best
OF the day. From $50 till the closing the mar
ket dragged slowly, bat the closing tone was
iaiTly firm, and thore were more buyers than
sellers in sight, Bonds very dull and prncti-
cnlly unchanged. Little doing in sterling OK
change sLsiIS to 6h Money was very easy
In the cotton market the Germans sold hcav-
lily Mt the opening. except September. There
was some good American buying. Rains are
reported In Texas, but crop prospects appear
,alr Inc closing feeling on Change was very
Mr.. Morgan, chairman of the finance com
mittee of the Mercantile Trust company, is
authority for the statement that Gould has no
lOnns on the company's books
-, The condition Of the bnnksis much discussed.
lheir position Is stronger than for long time
pnst but the officials are not inclined to make
clther time loans or to discount paper to any
considerable extent as there arc heavy with
drawals for interior account.
PRESIDENT Harris, of the Northern Pacific,
said that negotiations between the oregon
lronscontinental company and the Navigation
company for lease Of the latters property
we're going on. and formal transfers WIN be
made by the end of August.
~ is said that the statement of the receivers
% tne BEADING road will be rcady for this, public
the floating debt to be 600, not including
oS,VOO,OOO receivers certificates.
,r The rumor that President Rockefeller and
treasurer treasurer Bostwick had resigned from the
standard Oil company is denied.
The Chicago Tribune says The now cast
bound percentages from Chicago agreed upon
blythe trunk line arbitrators arc still being
neid back by Commissioner Fink, and II is the
I'll after another meeting.
=. In reference To the statement in Sundays
New York Times that Kidder, Peabody & Co.
n n loan coming due on the 10th instant from
jay Gould for 100000. This Is denied on au-
thority Of the firm.
By Associated Press.
NEW York, July A-Business at the stock
exchange was resumed ut IL q. In. to-day with
an irregular market, which was due to rumors
that further failures in the dry goods trade
were imminent. As the morning wore on and
no failures were reported, frmer tone pre-.
vailed and under the leadership of Pacific
Mail prices advanced u to ~ yer cent.
IN the afternoon the market was dull, but
strong with fractional reactions. Pacific Mail
was bought for German account, several thou.
sand shares having been taken during the
day. The Improvement IN prices during the
gay, as compared with the lowest point
The sales were unusually light footing up
only little over 10000 shares. The market
closed dull and firm.
-, AS compared with Saturdays closing, prices
Central which is per cent. lower.
The sales OF stocks to-day aggregate 100 43S
shares, including the following: Delaware
1000; Missouri Pacific, 500; Northwest, IL 600
New York Central, 800; Pacific Mail, $500
9. Paul, 81, 7Ooi Texas Pacific, 1850; Union
Pacific, 1880; Western Union, 475O.
Treasury balances-Coin, $3.50, ,69i, and
currency, S9,606667.
Quotations Of Mondays Stock Sales.
The following have been furnished by Bate
man u Co., bankers, 1A1l street, being the
/ EVNn anfI xyAa tg.Nlga Ian