National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-07
THE MARKETS.

Special Dispatch.

a"v h"'hh hNpcIichVc bhChsct-tTicoh Nhhh
neutrality-suspicious. OF the wabash
Vanderbilt and the West Shore.
Special Dispatch.
NEW YoRK, Aug. 6.--The stock market
opened to-day higher, Western Union, 81. Paul
Lake Shore, Kansas and Texas, and Central
Pacific leading tho latter IL above Tuesdays
closing the others u to Il higher. West shore
bonds opened lively with advances extending
~, but soon declined ! por cont. Trading was
lively, and prices were maintained during
the first hour, then the usual midday dullness
set In and prices slowly saggcd until all the
mornings gain was lost, Union Pacific, ST.
Paul, aud Northwest leading the declines.
After 2l5 the decline continued, and prices
were the lowest OF the day at the closing, with
Q decidedly weak tone. There was no nows
TO elect stocks to-day, and tho selling seemed
to be mainly for the retaliation account"
bonds were very active. West Shores were
AZ about 49, other bonds ffactlonal1y lower,
Sterling exchange steady and u higher.
The Liverpool market bought largely of
cotton at tho opening and the Germans sold
steadily all day. Many stop orders came in.
The general outlook Is for lower prices.
Builion dealers report the stock Of American
gold IN the European market Ms very small
shape OF bars OF sovoregns The Mbtrea "a ury
VIII bo greatly benefited on It's gain OF actual
coin, as gold certificates will then be issued In
connection with the necessary operations OF
the assay office.
Railroad earnings: Cincinnati, Burlington
ana Quincy, for six months OF 1881, show n
decrease Of s2.,2576
Regarding tho action ofthe West Shore bond.
no., hnoiders the opinion IL expressed by parties In
uhe ontario and Western Interest and rosolu.
lions adopted may be regarded AZ unjust to
tne stockholders ofboth the West Shore and on.
tario and Western companies, and the holders
on west Shore and Ontario and Western ter.
mimi ponds under the proposed roorganiza.
ton VIII he obliged 10 forego the right recently
Obtained under the loan extension agreement
=, a Chicago dispatch says: II IL stated that
Northwestern people ut the Western railway
meetlng to-day announce their withdrawal
nom the Western Trunk Line association on
The ground OF now having their own lines 10
NeDfaska points, and will demand a full share
o. Nebraska business. All roads except Rock
Island express Willingness to lot tho Western
trunk Line association go to pieces.
,,,N 10 days meeting the directors OF the
WABASH company unanimously approved the
reorganization plan. Tho resignation Of jay
+. jay, of Detroit, was elected president, and
goes TO Europe TO confer with bondholders
anm STOCKHOLDERS regarding reorganization
inc beliefgains ground that Mr.. Vanderbilt
ALPHABETICALLY obtained control OF West Shore,
anu Will Dc purchaser under foreclosure.
BY Associated Fress
NEW YoRK, Aug. 6.-Stocks opened strong,
especially for Western Union, Union Pacific,
Missouri Pacific, and Northwestern. The ad.
vance In prices ranged from u 10 IL per cent,
Western Union recording the greatest advance,
with sales up to O.. This was succeeded by a
weaker feeling and decline of n TO ~ per
cent, the latter In Union Pacific, which fell oil
70 iobs Lake Shore declined ~ per cent 20
SOA, while the remainder of the active shares
iell oil "a to per cent After midday Western
Union returned TO Gs, and tho entire list was
strong and higher. During the greater part OF
the afternoon speculation was dull, and tho
changes In prices slight, but after p. III. the
market developed more activity, and lower
figures were recorded oil around. The decline
was due TO unfayorable reports In regard to
the result OF the conference of the Western
Traffic association, now In session al Chicago.
o. tne day ranged nom " 10 3 per cent. At
the close some of the active shares rallied \, 10
to n per cent.
ldie sales of stock to-day aggregated 3ioOl1
shares, includlngj the following: Delaware,
l.ackawanna and Western, 10,600; Denver aud
RIO Grande, i,0OO Erie, 1000. Kansas and
Texas, 5000; Lake Shore, 10, $50; Louisville
and Nashville, 1900; Missouri Pacific, 6OOO
Northwestern, ~, 100; New York Central, i,OOO
Pacific Mail, l2i2O 81. Paul, 49, 400; Texas
Pacific, II ,095 Union Pacific, $500; Western
Union, 5l,055; Northern Pacific preferred,
300, and Oregon Transcontncntal, s,O65.
United States treasury balances-Coln, Sl23,-
lU,2I2; currency, sO,sSi,7O.
Quotations or Wednesdays stock Sales.
The following have been furnished by bate
man q Co., bankers, l4Il + street, being tho
most active stocks In the New York exchange;