National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-09
THE MARK ELS.



Points Further Down the Scale-Prospects
in the West.
Special Dispatch.
NEW YORK, July S.--Thc market opened |
fevorish and irregular. 81. Paul, Lake Shore,
Rock Island, Chicago, Burlington and Quincy |
Delaware, Lackawannu, and Louisville and
Nashville are fractlonnlly higher. The others
u lower excepting Jersey Central, which was
very weak at per cent. decline. Eric seconds
pressed for sale on London account fell
nearly per cent. in n few minutes trading.
After the first quarter of an hour a steady dc.
cline followed till noon. Jersey Central fell
AZ from the opening
Toward o'clock New York Central made
sharp advance and 81. Paul moving up to top
figures also, but the market soon broke and re-
manned dull and weak till $50 o'clock, when
sustaining orders rallied the entire list, and
the closing was fairly active and firm at the
advance. Bonds are higher and active.
| Sterling Is duh and unchanged.
| President Cable, of the Rock Island, said last
| evening that his road felt falling off In blsi-
ness, but all other roads in the west report
traffic very light, and attribute this to its being
a presidential year. They hold that business
VIII improve when the candidates get to
| WORKING He says that. the block OF ROCK
| Island stock recently disposed of by Wander
| bilt has been taken by investors
, commissioner Finks new pool rates gave
Grand Trunk AZ pei, cent Of New York
per cent
II is rumored that VIM. Reid. of Portland,
Greg, capitalist, will 20 to Europe soon TO pur.
chase Oregonian Narrow Gauge railroad. IT
Will cost about 100000 to put this line IN good
repair and build the nine miles required for
Portland connection.
A Chicago special says Tho market weak.
ened on heavy long sales on early trading.
Corn Is weak and Inactive The weather
west Is clear; north and here raining aud
cold
Cotton Is flrmer and somewhat moro active
at the advance, which is caused by Liverpool
spot buying and bad weather reports.
BY Associated Press.
New YORK, July s.--The stock market this
morning was heavy and depressed especially
for Jersey Central, Reading, Northwest, Union
Pacific and Lackawanna The coal shares
were weak on reports of suspension of mining
tor one week in August and on rumors that the
100000, which had been incurred in an effort
TO sustain Jersey Central stock in the market
In an attempt TO bolster junior securities and
by purchases OF coal lands. Prices dropped "a
to 5A per cent, and long stock came out on the
way down., Jersey Central declined "a per
cent, Reading AZ, Northwest - Union Pa
list "A to ~ per cent
subsequently much stronger tone pre-
vailed, partly on covering Of short contracts,
Ana although there were frequent i1terme
many shares at or near the best figures of the
day The advance In prices from the lowest
point Of the day ranged from u to "a per cent.
railway bonds were irregular.
The sales Of stock to-day aggregated -, 08s
shares, including the following: Central
, Pacific, 1885, Delaware Lackawanna and
Western, $500; Erie, 1900; Lake Shore, q $50
louisville and Nashville, 1900; Missouri Pa
, cifie, $3.50; Northwest, 80 405; New Jersey Cen
tral, 1000; New York Central, l205i; Reading
1920; st. Paul, $780, Union Pacific, 81 ,790
: ferred, $3.50.
Treasury balances-Coin, sll9,s674s4 cur
rency, s9,769OO7.