National Republican., 1884-04-18
THE MARKETS.
Stocks Dull and Prices Described as Very
Soft.
Prospects of an Enormous Crop Of
Wheat.
Spectdi DisDdicn.

NEW YoRK. April H. The stock market
opened fairly active at last nights figures,
but tho pressure to sell Missouri Pacific,
Lackawanna, and Reading, followed by the
pitching overheard of long stock by the in
siders in Pacific Mail caused decline of to
IL in first hours transactions. Pacific Mail
opened so, and under full offerings fell to
45l, Lackawanna declined g. Louisville and
Nashville Z.
The Northern Pacifcs aud Oregon Trans
continental stocks, with the Vanderbilts,
were the best sustained and gained fraction
ally despite tho general decline, About
noon there was reaction caused by de-
cline Of cont in sterling exchange, and the
reported withdrawal of gold engagements for
shipment Saturday, prices advancing and
for the active stocks. Tho rally soon
ceased and the remainder of the days trad
ing was weak and spiritless, the market
closing at about the lowest figures Of tho day.
Pacific Mail, Lackawanna, Reading, and the
Gould stocks were tho weak spots. Bonds,
except West Shores, were dull.
The cotton market has been very weak this
morning and very strong this afternoon. Out
sders have been sellers and insiders generally
buyers. The Germans began buying and
this started tho upward turn. Ranger also
bought heavily
President Houston, of the Pacific Mail
company, predicts the stock will go to TO-
1t is reported the decline in Reading was
caused by the pool trying to market some of
their holdings, but the price dropped too
quickly.
Weakness in coal stocks was attributed to
report of further stoppage of production
ordered which seems to have the effect of
diminishing traffic
There was some buying of Missouri Pacific
against Mr.. Sages puts, which are reported to
be very plenty, and Sage Is frequently a
nlakar Of putq Uban ha ia baarish on tha
market. The Twenty-third street party are
reported to have bought Northern Pacific
preferred. A bull pool is said to have been
formed in the stock Current rumor that n
pool was formed to bull st. Paul which may
account for the strength shown in this stock
yesterday.
A Chicago dispatch says: 'Weather clear
ing Grain market firm, with upward ten
dency.
A Philadelphia dispatch says; "rhe gem
eral sales agent of the Reading Coal and Iron
company states that there is meeting in New
York concerning the coal combination. There
is very little coal in sight and the present
week of suspension will absorb all surplus
stock. Trade is in good condition. The
president Of the road is in New York to-
day"
The directors of the Manhattan company
resolved yesterday that the companys ooun-
sci be instructed to appeal from the decision
of Judge Van Brunt.
pooling arrangement, to run twenty-one
years, has been made between the Michigan
Central and Canada Southern, by which the
former practically guarantees the interest on
all Canada Southern bonds. No dividends
can be paid on Michigan Central stock until
the interest on the Canada Southern bonds is
met.
The Union Pacific Railroad company has
negotiated the balance of the $4,000, 900 coll
lateral trust bonds authorized some time since.
Three million dollars were first taken by
Blake Bros. Il Co., and they then took tho
balance. They are selling the bonds now in
Europe, whore $750,0O0 have been placed
within short time. a7'H'
California advices are to tho effect that if
no accident occurs the wheat crop of the
Pacific coast will be this year the largest ever
produced in that section.
An executive officer of tho Northern Pa.
cifc road says emigation to the west Is larger
this month than ever before thought of. and
this company will earn not far from 81 ,250, 900
in April.
Railroad officials report west-bound ship
ments as being larger for three months past
than for any time since 1882, when rates
were nominal.
shares, including Delaware, Lackawanna and
Western, 00,240; Denver and Rio Grande,
0,600; Erie, "a, 1900; Kansas and Texas, 5,452 !;
Lake Shore, l0,330; Louisville and Nash
ville 4,520: Missouri Pacific, 25,1OO; Pacific
Mail, 23,7SO Reading, 56,100 st. Paul, 43 1850;
Texas Pacific 1o,360; Union Pacific, $4,000;
Western Union, 1850; Northern Pacific
preferred, 13,4l5; Oregon Transcontinental,
11,700.
STOCKS.
Following are opening and closing prices of
principal stocks, as corrected by special wire
reports received by Bateman g. Co., bankers,
No. 1141 + street northwest: