National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-29
THE MARKETS.
A Review OF the Weeks Business in AL
Hnes-Rumors in the Stock Doard-Chicago
aud BgItImnrc prierx


Lnes-Rumors in the Stock Doard-Chicago
and Baltimore Prices.
NEW IorE, Sent 1.-THE stock market
during the pust week has been devoid Of any
special feature of interest except the dcprcs-
sion which was so marked throughout the
early days aud until the better feeling on
Thursday on tho whole, the beurs have had
tho best of It, and prices show material re-
auctions as compared with those ruling at the
close Of the previous week.
Ihe meeting Of tho trunk line managers
Nhlth mas been IN progress, has been y us
urDlng element the various rlmOrs circulated
from day to day In regard to their action In
seItlng tile questions In dispute tending 10
uuseulo confidence In the ultimate result.
No definite arrangement has yet been
reached the meeting having adjourned until
next Tuesday, after designating u committee
70 report upon plan Of settlement OF tho
Hrand Trunk trouble. In regard to the Affairs
oil the ailAlrs Of the railroads west of Chicago
an IMPROVEMENT may be noted. A temporary
truce of ninety days has been effected, and in
lhe meantime rates Will be maintained and, IT
IL Hoped, all differences amiCably settled,
Inc volume OF business on the stock cN-
change has not been heavy, but fluctuations
nave been wide from day to day, and the
prevalent feel until Thursday was ono of weak
ness. The Vanderbilt shares have been
special object Of attack and II was currently
tulnoroq that freight ralcswere being seriously
cut, and that the dividend on Lake shore
would be reduced, but Thursday the directors
declared the quarterly dividend of ~ per
cent. e
In the afTairs Of the coal roads there Is moth
ing now TO report, but lackawHnua has been
stronger than the general list aud the other
e ,al shares neglected The short interest CON
tinucs lnrge, and many of the active stocks are
scarce for immediate delivery. ON the whole
There has bccn nothing of startling nature
developed during the week but a lack OF con
hdencc In railroad management and an alb
scnce Of public interest In the stock market
make 1t an easy matter for professional traders
to dcprcss prices when business Is so dull.
In tho railroad bond market there have been
no new features of interest. Transactions have
been light and prices generally II triic lower,
West shores were dull until the latter part OF
lhe week, when they became active and I'D
yanCed above 49,
In the Gotten market during the past week
there wus an advance of 10 to 10 points, which
was duo to the unfavorable view taken of crop
prospects as presented In the weather reports
ana private odyiCes of the same tenor causing
sharp demand to cover contracts and some
revival of speculative buying for the rise. But
lhtcr on there was decided weakness, anu the
advice was nearly all lost under sales to realize
profits, and marked increase In the crop
| movement, with the partial relief TO the
drought IN the sUuthwestby rains.
Inc brokers generally agreed last night that
the manipulation In stocks was on rcmarka-
bly, big scale, and all the big operators were
NbhNNAlNhi lutlNuluk hOulut
Morgan, Conner, and Smith.
| There has been much discussion asto who are
the real principals 10 the 10000 share sale in
81; Paul, andt best guessers ckoned that tho
sellers were either Gould or WOCrlshotlcr, with
the chances in favor of Gould, and the stock
| was bought to cover Il big short account.
Alex; Mitchell at the Union club, said last
| evening that he did not know who made this
| sale, and that he had not sold share of stock
| since he came on from Chicago ten days ago.
| lie believed st. Paul at present prices was
| very cheap, and 1t would touch the ninctios
| before snow flies. Vanderbilt EXPOSED his
| vi0wS freely last evening on the condition OF
general business and stock. He refused to
| talk about the 100000 new bond issue OF
New York Central Railroad company claim.
| ing that he wasn't an officer of this road, aud
inquirers must ask officials The bankers
| generally believed this issue of bonds was
| authorized last Thursday, OH the ground that
the traffic had decreased, and that Vanderbilt
took 100000 or 100000 Of them, the balance
going to London. They are per cent, run
ming twenty years from Sept. /. Cammack
said there was no doubt about this issue, but II
| is possible II won't be announced for some
time yet. Vanderbilt said lac expected gen
| oral improvement after the election, and d
revival of trade was coming near BY
| People on the inside say Notwithstanding
Nandcrbilts constant denials that either he OF
| the New York Central have any interest In
West Shore bonds, IL Is known that one or the
other of these parties own or hold l5,OOO,OOO OF
| them.
1t was thought last night II the market
opened weak this morning stocks would do to
| buy, as the short interest has again become
very large, and the basis, therefore, exits fol
sharp rallies. The sudden weakness in North
western yesterday was attributed to sales by
one of the members of the bull pool of 2O,00t
shares, who ran and sold out on his friends.
The news from the railroad pools west Of
Chicago is very favorable.
[ 1t was rimored in the board this Afternoon
fthat Northwestern common stocks will b.
called In on Monday.
Chicago bought Northwestern and ST. Pau
to-day, and sold nothing. Most of the broker
went TO the Jerome park races for quick turn
In the books.
The market opened strong, with prices Is tC
" higher. Northwest was the feature ON heavy
covering of shorts by Chicago traders, and the
trading in this was one-tliird of the business
up to noon The afternoons trading was cH
tremely dull. Prices were kept pretty steady
up the closing, which was shade below tn,
top prices Of the day, except for the Wander
bilts, which continue weak upon the reported
issuing of the much-discusscd $4,000, 900, OO
debentures for the New York Central road.
The firm closing seems to indicate stronl
market on MondnG: