National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-24
THE MARK ELS.
The Bears Make Great Raid and Send the
Price Of Stocks Doun-Tradlns in New
York and Chicago,

inc beafs wake a Great Raid and SEND the
Price Of Stocks DOun-Tradlns IN New
York and Chicago.
NEW YORK, Sept. 23.-It was generally
thought last evening that the stock market
looked somewhat lower since the bad break
In the afternoon on bcarish manipulation.
Conservatives held that another upward re-
action would probably be in order by the af.
tcrnoon, and the lowest prices would be in the
forenoon. The active bears claim that Van.
derbilt was large seller of Northwest, and
that he Is all out of New Jersey Central
Truman called In batch OF Jersey Central
yesterday, supposed 10 be for delivery on sales
made by vanderbilt al considerably higher
figures.
The short interest In Northwestern ia CON
siderable, and prominent trader in the gran
gers says that bear clique, which last week
took in 5000 shorts from o. 10 81, have since
put tho stock all out again.
They talk 20 for Northwestern now. The
earnings Of the Northwestern company so far
as reported for the third week in September,
indicate comparative decrease from 5000 TO
10000, and the Omaha road some falling of
owing to the Chippewa valley floods.
The BloodygOOd.S layback party continue
strong believers In St. Paul, Union Pacific, and
| Western Union, and Morgan says Union Pacific
IS as safe to hold for considerable rise as any
| thing on the market.
Mccullough, of the Pennsylvania Central,
| Wis NOuIh3t Ol MS INC IL lullN Us ntuNN
as y was lust year, but ut lower tolls.
The Philadelphia Ledger says that the coal
trade has at last begun improving.
| The Chicago Tribune advices state that corn
| IN Indiana, Iowa, and Illinois is safe except
in some parts of Indiana, where late planting
| requires about four days more to place II be.
| yond injury from frost. In Kansas 80 per cent.
| OF this crop is beyond frost, and in Michigan
| two-thrds OF the corn Is cut
| Gould's brokers bought Union Pacific yestcr-
| day. The selling in the grangers Is on Chicago
orders. IL Is rumorcd that insiders are the
| principal sellers, and arc using Chicago houses
TO produce the impression that their selling is
| Tor Western interests
y. V, White continues to talk bullish on
Delaware, lackawanna and Western.
Charles A. Minton, the Herald money editor,
has announced his suspension In the stock ex-
| change, of which he was a member. lie owes
nothing in the board, and his failure is due to
the pressure OF old obligations of twenty years
| standing
The opening was Irregular and fevcrish, the
coalcrs "a higher, aud the grangcrs, Union
Pacific Louisville and Nashville, and Union
Pacific preferred u to 4 lower The bears
soon began hammering the grangors, Union
Pacific, and the Vandorbilts-especially New
| York Central, which was pressed for sale in
lots of 1000 shares. The market yielded
slowly to tho extent Of y. to ~ by noon,
Union Pacilic preferred losing most on large
sales for Philadelphia account.
Little was done between noon and o'clock.
AT l:l5 the bears gathered in force, and the
| lLuTket grew excited llumculntcly, Union IA
cilc was driven down to 1874, Lake Shore to
| 764, and other stocks proportonatcly lower
The raid lasted till 1850 when the market
slowly rallied. under the lead of Union Pacific
| The VanderbitS are tho weakened brethren
in the trading, and seemed without friends
After 2l5 another decline set in, carrying
prices TO tho lowest of the day, and the closing
tone was decidedly weak, with free offerings
of stock at the declines. The bears seem II
complete control of the market, and the indi
cations appear to favor further declines to
| morrow.