National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-20
THE MARKETS.


Good Feeling and Good Prices Ruling
Some Little vnclilation But Strong Clos.
ing.
NEW YoRK, Aug l0.-Tho stock market was
strong and even buoyant at times, and the
transactions were on larger scale than for a
few days past The activity and advance was
due to the announcement that Mr. John King
jr, had accepted the position as assistant
president OF the Erie; reports that the English
owners were gratlned by the change, and
would advance the money necessary TO
hquidatc the floating debt; favorable reports
concerning tho corn crop, and official state
mcnts that the Union Pacific net earnings for
June were 100000, while Il required only
sydO0O0 to pay Z per cent. dividend on the
stock, rentals, and interest, and all charges,
including tho sinking fund Commission
houses report IN increase in outside orders.
The Improvement In prices In the active shares
ranged from x to 2 por cent. In the afternoon
speculation wns somewhat irregular. Louis.
vile and Nnshville was weak, selling down
IA TO 3i1t. The remainder of the list how.
ever, declined less than per cent. Later on
Union Pacific, Canadian Pacific, Manhattan
consolidated Texas Pacific, Canada Southern,
Pacific mail the Changers, and Lake shore
sold AT or near the highest prices oil the day.
The market closed strong.
Tho election of John King jr., as assistant
president OF Erie was cabled TO London last
night, and the London Standard says Il gave
great satisfaction to English owners, who have
not supported Jewett for several years, and
they viii surely raise tho money to pay OF the
floating debt The largest German houses
here, also tho BlOodgood party agree, that II
this Is done the common stock should go to 30
or 10. ID. p. Morgan Is reported as bullish on
the situation. Bull points arc current on Ore.
gOn Transcontinontal.
Philadelphia adyices say that Vanderbilt
will have nothing further, directly, TO do with
mn haa all DnVNn sl,s.tt, la
matters Into the hands of Twombly, his son.
inlaw, 1t Is believed tho Jersey division will
be paid.
that holders OF Denver securities abroad are
coming hero next month to reorganise the
property.
A movement is looked for In the South
western securities,
The bears assert, notwithstanding Wander
bits denials that he holds l5,OO0,OOO Of West
Shore bonds.
Commission brokers report no outside ORDER
for investment. Brokers generally agreed las
night, ut Long Branch and the island, tha
there had been q little increase in outside buy
ing yesterday. but there were not many u pei
cent orders, and the buying was mainly Tor
turn on the Vanderbilt interview.
| Most of them say that Gould Is the main
manipulation, and no may still be regarded as
the chief engineer of tho present excursion L
| bulls run.
Mr.; Connor regards Union Pacific as the best
| purchase, and thinks the bulls arc right II
talking co for Il before Sept ID.
Room traders fight the rise In tho genera
| market, but they complain that the reaction
don't come, and there are no signs of decline
Much depends upon the crop reports.
Tho earnings of the st. Paul, Minneapolis
md Manitoba for the year ending June .
were si,522,l6S; $4,000 OF the company
7 per cent. bonds were retired during the year
Quotstions Of Tuesdays stock Sales.
| Tho following have been furnished by Bate
man q Co., bankers, 14ll r street, being the