National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-05
THE MARKETS.
A Dull Day In Wall Street-A Slight Advance,
Followed by = Deolino-Pointers for Future
Trading

4 Dull Day In Wall Strect-A slight Advance,
Followed by = DeelinO-Polnters for Future
Trading.
NEW YORK, Sept. 4-Yesterday's business
was confined TO the room traders Charles
Johnes sold largely of Jersey Central, and some
shorts were put out through Philadelphia
houses Tho WoerishofIor and Smith brokers
traded on both sides OF the market
Vanderbilt has definitely decided to make
reduction in tho New York Central dividend,
and 1t is rumored that Lake Shore will DO re-
duced proportionately.
Many selling orders from Chicago were re-
ceived on the rumor that the Northwestern
company's earnings were showing larger de.
creases. The bulls and bears were both sur.
prised at tho reported earnings for August of
the 81. Paul road.
The traders last night were talking bulllsh,
but all agreed that there was not much profit
at present in short selling because the market
is so much clogged up with shorts already.
ID, p. Morgan was NJ the Windsor last even.
ing and was talking very confidently OF q
much stronger and higher market this week.
He said he bought Union Pacific yesterday
and thought It would touch 20 this week
Cammack is absent at the seaside, but has
no interest In the market.
Tlllinghast, OF tho New York Central rail.
road, said that the West Shore road was 70.
sponsiblo for all the existing trouble over pas
sengcr rates.
The brokers say the largo business In north.
west yesterday was principally short covering
| by Chicago houses
VIM. Heath sold good deal of Lake Shore
and New York Central late in the day sup
posed for II. N. Smith.
The was no pressure to sell and only a few
hundred shares were marketed. 4. V. White
and Truman Holllns bought Union Pacific
ia Al Mi.
the fourth weeks in August shows a decrease
OF Sl6blS, and for the month OF August de
crease of s21, 453.
Chicago, burlington and Quincy for the
| month OF July shows decrease of SS9,bO5
net decrease from Jan, to July 81 is 1894, 736
s. V. White bought $500 Northwestern al
9s2s to q to e, and then bid for more. In
order to obtain stock he offered 100 shares at
| NY, which were taken In ono lot by II. l.
Nicholas The price then broke, but rallied to
| 30 again.
The buying in Union Pacific has been very
good. Traders are selling the market. There
| Is an absence of long stock, and whenever the
bears cease raiding specialties prices recover
=, IL Is reported In the stock exchange that the
vanderbilt following has been buying North
western and Lake Shore for day or two. Thii
morning Cox has been selling some New York
Central. Stock brokers say st, Paul dealing
have been confined to the traders, and Il
simply followed Northwestern.
SheaasS bear have ., bought in 10
\
ing has come from the Morgan;s, V. White
Work party. Smiths brokers are idle. Many
OF the brokers are going TO shecpshend Ba,
| races 70 try to turn an honest dollar.
| - Inc plan for the relief Of Louisville ant
Nashville contemplates the issue of five mil
| lions o per cont bonds and five millions pre-
ferred stock non.accumulative.
| A Philadelphia dispatch says: Brooks
| Miller u Co.'S dry goods commission house hai
suspended. II was rated from 500, 900 to $500,
600 with high credit
The stock market was quiet again to
day, but dealings were characterized
by considerable strength. At the opening
prices advanced z to ~ per cent, Louis
willie and Nashville, Union Pacific, West
4 ern Union, New York Central, Lake Shore, an,
the Changers being especially prominent Ii
the rise. Later on there was u reaction of \
TO T per cent. in the active list and drop o
"a per cent. in Jersey Central to 575E Th
last named also sold at So 80 $50. Seller 60. Ii
the final dealings there was return to strength
and ST. Paul, Louisville and Nashville, an,
Pacific Mail advanced to the highest point o
the day. st. Paul was in brisk demand Just a
the close, and left off SilS to SiA. Bushes
was very dull, but withal operators SHOWED
moro disposition 10 buy on account OF the fa
vorable weather now prevailing in the corr
belt. As compared with last nights close
prices arc u to III higher, except for New Jer
| sey Central and Texas Pacific, which lre "a L
per cent. higher.
Quotations Of Thursdays Stock Sales.
Tho following have been furnished by Bate
1 wan - hA nEAr 49, ka.N., a..