National Republican., 1884-06-10
THE MARKETS
A Firm Opening, Then Weakening, and a
Final Rally at Closing.
Few Features OF Interest Presented EH-
cept TO tho Brokers.

NEW YORK, Juno O-Tho stock market to-
day opened firm, aud then weakened Oh
drive against New York Central, which fell
off to 1881 on revival Of reports that the
company will shortly issue bonds on stock
for betterments. Subsequently Western
Union became active, advancing to 61l, and
there was a frmer feeling all around. In
the afternoon Louisville and Nashville was
the weak spot, breaking 81 per cent, to 27i,
rallying to 2St, declining to 20S, and closing
at 274. The general list In the afternoon
was first strong and thon lowor, in sympathy
with the drop in Louisville and Nashville.
Near the close Western Union declined 1 TO
60l; Missouri Pacific, to S6i; Lake Shore,
to s3S; Northwestern, to oOi; 81 Pani,
IL to 72B; Lnckawanua, 4 TO lOl4:
Northern Pacific preferred, ~ to f7g and
Union Pacific u to 444. In the final sales
there was rally Of 1 to per cent. Tho
market was purely q brokers one and pre-
sented few features Of interest. As compared
with Saturdays closing prices arc to per
cent lower for tho general list, "a for Louis
vile and Nashville, and IL for Northern
Pacific preferred New York Central, Lake
Shore, and Canada Southern wero fraction
ally higher Railway bonds irregular. West
Shore 5s wero weak, and declined from 4O4
to 39l on sales Of 81, 100000 The bonds were
depressed on the appointment of receivers at
Trenton to-day by Judge Nixon.
1t was rumored at the Windsor hotel yes
terday that Gould, Morgan Osborn, Sage,
Field, and Connor had formed q now pool in
the Gould properties and othor securities
regarded as pivotal in the market. 1t Is
understood thnt the combination docs not
propose to purchase any large line of stocks
unless the bears should mako concerted
raid upon the market
The large boar operators are reported to DO
doing very little but are still short OF con-
siderable amounts on long sellere options.
s. V. White il reported as saying that o
reacton 9 to per cent may be looked for
and would prove beneficial to the market
Rumors Of new issue Of New York Central
and bonds were again circulated by tho
bears, but could not bo traced to any reliable
source.
No action will bo taken until vanderbilt's
arrival, which is expected the end of this
week
Woerishoeffer's brokers are reported to bo
large sellers Of New York Central, and talk
of much lower prices for oil the Wander
bilts.
London cables report the opening of the
market for American securities generally
lower. Declines were Denver l-l6 Reading
4, Erie A, Illinois Central 4. Lake Shore D.,
Central Pacific Z, New York Central Ia.
The decline in Louisville aud Nashville,
which has been and is now being sold by tho
room traders, and George Dickinson follow
ing IS nelpeu Dy rumOrb bnhb tne lunuluB
scheme proposed by Gould will not bo car
ried through at the meeting at the company 8
offices, and ON the report that London and
European holders of tho stock have cabled
orders to sell out
The Gould properties were supported to-
day. The Vanderbilts were irregular. North
western was sold down by traders.
The Philadelphia Inquirer of this morning
says tho Reading Railroad company has pur-
chased tho 1000 shares of Jersey Central
stock belonging to Mr.. Dnsmore, and the
suit coptesting the validity of the lease has
been withdrawn.
A Chicago dispatch says: We think wheat
liable to go somewhat higher temporarily.
1t is reported that heavy rains in California
are interfering with the harvest, and this
makes the market strong at the moment,
but We think it a sale on bulges.
NEW YORK, June 0.-Treasury balances
coin, $l27, ,933,6 ,692; currency, S9,S01, ,702.
The sales of stocks to-day aggregate 172,-
561 shares, including tho following: Della
ware, Lsckawanna, and Western, 1862
Lake Shore, $500; Louisville and Nashville
36,so0; Missouri Pacific, l0,700; Northwest,
9,400; New York Central, 9,725 st. Paul
$3.50; Union Pacific, $1,000; Western Union,
1895; Northern Pacific, preferred, $3.50
sToCKs
Following arc opening highest, lowest and
closing prices Of PRINCIPAL stocks. corrected by
bankers. No. lttl + street northwest: