National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-27
THE MARKETS.
Business Defined as Dull With a Very Strong
UndertOw.
A Budget OF wall street and Chicago
Gossip.
Epetfdl Dispnirn.

New YORK, March 26.-The market
opened weak and sold off rapidly for an hour
or two under the lead of Pacific mail and the
coal stocks Then rally started In, led by
Union Pacific and the entire market fol-
lowed.
The Gould Vanderbilt and Granger stocks
were strong all day. The market In the
afternoon trading was dull and steady, with
rather strong buying on an expectation that |
the settlement of trunk limo troubles is very |
near as the leading roads were in conference |
at the Grand Central depot this afternoon
The market to-day may be called dull with
very strong undertone. In bonds West
Shores were very strong Erie seconds were
very strong and scarce, loaning 1-64 to log
for days use.
Vanderbilt is very bullish on Lake Shore
and says the trunk line difficulties will BIO
settled soon, and speaks as If he expected
Lake Shore C. G. G. q l. to be especially pros
porous this year.
1t is stated on good authority that the
agreement between tho Union Pacific and
Chicago, Burlington and Quincy will BIO the
pooling of competitive business in nebraska
and Kansas, and If either road builds further
then the other shall have the privilege OF
building the same mileage
MIR. Vanderbilt will sail for Europe early
in May.
Walter g. Khron say further slight drop
would seem in order now on the advent OF
April notices on Thursday, and meanwhile
the bulls have gained considerable courage in
proportion as the bears weaken. We do not
think the notices will have much effect.
A Chicago special dispatch says: Advise
selling as bears have feeling Of success, and
the money, therefore, will follow up any
advance. Corn looks as If the bulls were
frozen out, and if there should be good
weather now it will be hard to sustain prices.
Only scalping in provision trading now.
Private cables report largo stocks of wheat,
fine crop prospects, and no demand. Present
Chicago prices still cents per bushel above
shipping points Visible supply decrease.
Seven hundred thousand long options must
60 to present cash prices or lower. Corn in
creased. One million bushels at present
prices near options can't hold.
Cotton points advise not to sell on weak
markets, which are subject to reactions at
any moment
Qunlin & Co.'s Chicago special says Corn
is higher now than when we were 50 for
May. To-day's trading lighter, chiefly on
account of settling up past two days, and
parties in doubt how to start again. The
receivers here all say corn receipts will run
very light and think this reliable"
1t is stated that the So, 100000 Reading car
trusts have been nearly placed at 0Si cash.
Officers of the New York Central say to-
day that the low rates havo not increased
amount OF irelgnt or gram moVement enough
to talk about. No export demand and only
moderate inquiry for rates. This, they think,
will not lead to further reductions in trunk
line rates.
A Philadelphia dispatch says the Northern
Pacific railroad has determined to build the
Cascade branch whether tho land grants on
that line are forfeited or not.
private Boston dispatch says the Union
Pacific and Chicago. Burlington and Quincy
meeting there resulted in an agreement to
pool Nebraska and Kansas business and the
result Of an adjournment without nothing
being done is a nero blind.
The report of conference between trunk
line managers to-day isrdenied as wholly un
true.
Sales of stocks to-day aggregated 2S3SsC
shares including Delaware, Lackawanna ant
Western, $500; Erie, 23,920; Lake Shore
$3.50; Missouri Pacific, 9,100; Pacific Mail
19,00O Reading, 1880; st. Paul, 26,530
Union Pacific, $3.50; Western Union, $500
Oregon Transcontinental, 800; Northern Pa
citic preferred, 10000
STOCKS.
Following are opening and closing prices oil
principal stocks, as corrected by special wire
reports received by Bateman & Co., bankers
No 14ll street northwest