National Republican., 1884-06-28
TIE MARKETS.
Fluctuation In Prices Caused by the Operations
Of an Army Of Small Operators--A Featurc-
less Market.

less Market.
Special DispoIch
NEW YoRK, June 25-The market opened |
generally higher to-day except New York Cen
tral, Lake Shore and Michigan Central. The |
latter stock declined ~ from Thursdays |
closing The market soon began advancing |
under the lead of Western Union, which was
bid up by traders for the insiders, and st. Paul.
which had been hammered by traders, recov-
cred the decline OF per cent which II suffered
in the first half hour. Trading up TO noon was
very irregular and In the main showed weak
and tired market
The afternoons transactions on the whole
were without special interest. There were
occasional reactions on either side, but Western
Union showed most strength Till after 2I6,
when those who bought In the morning took
out their profits, and the stock declined
The closing was ragged and looked as though
Saturdays market might be lower.
Bonds were active aud there was free sell
ing. Erie seconds at the decline was a feature.
Exchange dropped u cent to-day and Is
The Chicago market Is very steady and we
look for higher prices for wheat.
Nearly every trader In the room had small
selling order for ST. Paul. Largest buyers were
Llmm and Day. j. ID. Probst q Co., Burras q
Co, and Ellison were largest sellers.
Delaware and Lackawanna was bid up by
insiders, and Philadelphia houses bought.
Suit has been commenced here against ]. II.
some Of his contracts held by w. Il. Scovll.
Delaware, Lackawanna and Western direc-
tors have declared quarterly dividen OF per
cent, payable July 81 Books closeJuly 8, and
Sterling exchange reduced TO 4S2 aud 4s4.
By associated Press.
NEW YORK, June 27-The stock market this
morning opened strong for Chicago Burlington
and Quincy Rock Island, Lackawanna, Louis
| vile and Nashville, Missouri Pacific, Northern
/ Hn AutH all ITs.a... DnAtn 40 A.aI
Western Union, and weak and lower for tho
| Vanderbilts and Kansas and Texas. The Van
der6its declined 4 to 2 per cent Michigan
| trail to 9J5s, Lake Shore to 70M and Canada
Southern to 20; Kansas and Texas declined q
| to 10l4; Northwest and st.. Paul were also a
fraction lower: outside of these shares firmer
tone prevailed. This advance checked. the
downward movement in the Yanderbilts, which
rallied to y per cent, but subsequently,
Lake shore was freely pressed for. sale, and
broke 20 to 672S Michigan Central dropped
| 6lS per cent to 5l94, New York Central IL to
N19, and Canada Southern ia to 24H. No
| new reasons were assigned for the decline, and
| the break was ascribed to bear attacks. Vhe
general list was weak and unsettled In sympa-
thy
Tho market continued unsettled until after 1
p. m, when 1t was rumorcd that the Wander
bilt party had negotiated n Sterling. loan.
| Western Union, Missouri Pacific, and Lacka-
wanna exhibited strength about this time,
.AIssouri Pacific selling up to 05, Western Union
| to 81, and Lackawauna to 1919. The last
| named was strong on the statement by the
4 directors that the earnings of the company
show d,2l per cent. on the stock for the past
six months and on the declaration of tho
usual dividend. The advance in the shares
mentioned, coupled with the rumors of the
Vanderbilt loan, caused some buying for the
| short account.
Near the close Union Pacific was raided down
to 29sA on reports that the company would
default on its interest. Northwest returned to
S2% on the official announcement that the
company would issue Sli, ,757600 stock TO take
up the Blair system of roads The market
closed irregular. After business hours telo-
grams were received from Boston contradict
Ing the reports that the Union Pacific company
would not meet its interest charges.
The sales of stock to-day aggregated 452,S SOC
shares, including the following: Central
Pacific 1885; Delaware Lackawanna and
Western, 2S,060; Erie, ii 600; Kansas and Texas
$3.50; Lake Shore, 1925; Louisville and Nash
Vile, "a, 1856; Missouri Pacific, 1924; Northwest
32,0S0; New York Centrl, 23SG0; Northern
Pacific, $500; Reading, 1000 Texas Pacific
9545; Union Pacific, 6i,9O5; Western Union
81, AGO; st. Paul, $1,000; Northern Pacific pre-
ferred 35,4S3; Canada Pacific, 6,1OO; Oregon
Transcontinental, 1850; Chicago, burlington
and Quincy, 4,165.
Quotations OF Fridays Stock Sales.
The following have been furnished by Bate