National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-19
THE MARKETS


at Intervals, hut the Flual Transactions at
the Best Figures or the Day.
NEW York, Aug, ls,-speculatlon at tho
stock exchange was strong and higher to-day.
Az the opening Lake Shore and New York
Central were the features, tho shares being
strengthened by the Vanderbilt interview.
Lake shore rose from siIE TO s6A and New
York Central from 1861 to l0s. Tho improve
mont in the other active shares at this time
was unimportant, but later on under tho
leadership of tho grnngers and the low priced
hocks sharp advance took place. The
grongers were iayorably affected by news from
The west concerning the crops. The advance
In prices from Saturdays closing figures
ranged from u to "a pcr cent Chicago,
burlington aud Quincy rose ga to 1261s, North
west TO lOl34. st, Paul "a to NJ, Rock Island
IA 70 llG% Missouri Pacific III TO O35E, Kansas
and Texas N 10 22ik, New York Central "a to
l0i54, Erie To lS1A, Northern Pacific ~ to
mental n to l71S, Omaha III TO 3G9E preferred
z TO "a, Union Pacific Ii 10 Ag1f, and Western
Union q to 6iN. There were reactions at In.
teryals, but the market In the final transac.
tho day.
In the loan crowd Missouri Pacific com.
mandcd l-i8 per cont. per dion for use, Miohl-
Shore, Northwest, Chicago. burlington and
Quincy, and Union Pacific fat to t.6i, and
Heading, Louisville and Nashville, and North.
orn Pacific preferred fiat.
AS compared with Saturdays closing prices
are u tu "a por cont. higher.
The selection OF Mr.. Gowen as solicitor OF
that . movement was. on foot to elect him a
member Of the board OF directors
II Is understood that tho increased short In
| terest ~ Union Pacific is very large. II Is
stated that Boston holders have realized their
profits, and most OF their stock In now In New
York hands,
- For the year ending Sept 50, 1884, the New
YORK Centrals gross earnings are expected TO
-. In Now York state tho earnings of Lake
shore viii show loss of about e. 500 per mile.
r, bor the first five months this year.thc Grand
Trunk shows u net loss of S2s0,00O.
Rumors arc current that Vanderbilt Is not a
believer In the present bull movement, and
ms brokers report that he has not bought
| The. foreign selling In Erie, noticeable on
| houses,
Press dispatches estimate that Mr.. King Is
unwilling to accept the assistant presidency OF
Erie, owing to i'll health, but Mi. Maefarlaue
assured Kiernan's agency on Saturday that
arrangements had been perfected whereby
Mr.. King would undoubtedly be elected, and
that there was no question as TO his stalking the
it's stated that the bear leaders are practi
cally out Of the market and are inclined &c
favor a further advance at this time. Cam
mack is reported as saying that he believes
the market will sell much lower, but the time
has not arrived 10 put out short lines of stock
as the bulls are in full control Of the situation
surprise is shown in banking circles that tht
Withdrawals of money from the New Yorl
banks to move the crops have not been larger
| but II is believed the farmers arc disinclined
to accept ruling prices and will hold for al
| advance.
Woerlshoffer said yesterday that, all thing
considered, he thought that It would be YER 4
| imprudent, Just now, for any one TO sell any
considerable quantity OF stocks short. He
| denied the Chicago Times Sunday story that
he was bulling pork, and said that he had moi
dealt In provisions In ten years. Bull points
were strong at Long Branch Sunday to buy
Eric for 20 this week, Kansas and Texas fol
considerable rise. Also, to purchase tho
Atlantic and Pacific incomes, and the Atlantic
and Pacific western division firsts. The latte
securities are expected to advance consdera
bly, upon the official announcement to-day o
very important agreements and contracts with
I the Atchison, Topeka and Santa Fe railroad
which are Just signed. There is large short In
terest In the frsts.
The leaders In Erie say that a temporary
halt was called Saturday, pending the accept
ance by John King, but no will accept.
Quotations OF Mondays Stock Sales.
Tho following have been furnished by Bate
man n Co., bankers, 14ll + street. being tho
most active stocks in the Now York exohangel
l lt,tr ffvb fu,,, Gail.