National Republican., 1884-06-11
THE MARKETS.
The Opening Slightly Lower but Subsequently
a Firmer Tone Prevailed.
The improvement Was, However, Lost
Anterward, and the Closing Was Weak.

NEW YoRK, June 10.-Tho share specula-
tion opened slightly lower on the appoint
ment Of receiver for the West Shore road.
Before the first call, however, there was a
rally, but subsequently pressure to sell sot
in and prices fell off to % per cent. At 1
D. IN. firm tone prevailed on tho announce
ment that the Western Union directors at
their meeting had recommended the declara-
tion of the usual quarterly dividend. Prices
rallied to 9 per cent.
During the afternoon the market was weak,
with rallies at intervals. Northwest de-
clined to 073, tackawanna to 90I, and New
York Central to 1921. After delivery hour
stronger feeling prevailed, and n rally of to
per cent. took place. but near the close
Canada Southern declined to 35s and Dola-
ware and Hudson to "a, and the improve
mont noted above was partially lost
Tho sales of stocks to-day aggregate $685.
753 sharos, including tho following: Della
ware, LackawBnns, and Western, d,965 Erie,
1000; Lake Shore, II 1876; Louisville and Nash
VILE, 10, 100; Missouri Pacific, 1925; North
west, 1910; New York Central, 1880; St.
Paul, d35o5i Union Pacific, 39802; Western
Union, 19,0S5 Northern Pacific preferred,
1850; Oregan Transcontinental, 3,100.
Treasury balances Sl21 G72,597; cur
rency, $9,022 S36.
The roceivorship for the wost Shore was
expected for some timo past, ana the ehect
had been discounted. 1t is stated that now
plan of reorganization will be submitted to
the bondholders of the company.
The floating debt apart from tho amount
duo tho North River Construction company
is stated to bo less than $2,000,000.
Bears predict lower prices for stocks for
to-day.
1t was reported yesterday that tho selling
of Louisville and Nashville was for insiders,
and that the inability of tho directors to do.
eide upon plan of reorganization would
necessitate the appointment of receiver,
The directors reiterate the statement that all
payments maturing up to August have been
provided for.
Rumors are again current of prospective
changes in the management Of East Tonnes-
see, Virginia and Georgia railroad. Com
missioner Albert Fink has boon offered tho
presidency, but it is not believed he will
accept.
report that New York Central would
issue new bonds was circulated freely yester-
day and is again denied by President Rutter
The white pool was stated to have beon
sellers of Union Pacific during the last hour
of yesterday.
II is announced that the Bankers and
Merchants telegraph company has reduced
rates for twenty words to twenty-five cents
from Chicago to New York, and twenty
words for ton cents to st. Louis. 1t is somi-
officially stated that Pacific Mail will declare
another dividend of II per cent. in July.
Boston dispatch says Mexican Central
oonds advanced to 80, caused by May earn
ings increasing $4,000 over previous month.
The estimated earnings Of Central Pacific
for April were f2,0B200O.
The general market is very heavy. The
Soulter following and the Twenty-tbird
street following arc selling Lackawanna
The Germans are selling New York Central
1t is reported at the board that the sales o
New York Central are for London account
1t is stated that tho floating debt of the
Texas Pacific company, including the June
,oupons, is only $i2J0O0.
At the meeting OF the executive committee
,fWestern Union Telegraph company thu
isual quarterly dividend II per cent, pay
able July 10, was recommended. Director
Field and Terry say that surplus of S20000(
will be shown after the payment of the divi
dend.
S. V. White says: "The market is unsettled
and there is a general disposition among thu
bulls to await the return Of Vanderbilt
There will be probably an upward movemen
in stocks then. AT present the list looks un
steady"
A director of New York Central says tha
company does not propose to issue any new
bonds, and it has a surplus of SD 100000.
Mr. Vanderbilt said that he could tako tn
unused real estate Of the Now York Contra
and, after realizing enough to pay ali it
bonded indebtedness, have handsome prof
besides.
AS to the cotton market, tho weather re
ports are good. The feeling on the floor
rather bullish. The bureau report Is anx
iously awaited There are some large selling
orders in the market, but 10 to 10 point
above present quotations.
STOCKS
Following arc opening, highest lowest, AM
closing prices of principal stocks as corrected bl
special wire reports received by Bateman & Co.
bankers, No, ll4l II street north vast.