National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-25
TIE MARKETS.
A slight Fall. Followed by an Equally slight
Rise, in the Price Of Stocks baltimore and
Chlcapo prIceS

n SnRht rail- FOLLOWED ny an hquhiiy shkht
Rise, in the Price or Stocks Baltimore and
Chicago Prices.
NEW YORK, Sept 2i-The probabilities Of
peaceful solution Of the Trunk line matters
arc much brighter than indicated in the
morning journals to-day. President McCul-
Tough, Of the Pennsylvania Central, informed
his friends last evening that he considered the
prospects very favorable for the formation Of
q new ironclad pool, and he believed such
one could he arranged before tho adjournment
OF the conference, which will be Thursday or
Friday. All tho representatives Of the five
pool roads were at the windsor hotel Last
evening, and i was observed that the feeling
was very cordial. II was declared that tho
conference thus far had been very friendly.
The president of the Lake Shore road, Mr..
Newell, agreed with Mccullough that stTopg
new combination would undoubtedly be
finally agreed on which would stand, and the
cutting of rates would be stopped Immediately.
Private kilograms were received last evening
by Lake Shore people here complaining that
tho Pennsylvania Central and the Michigan
Central had made seaboard and New England
grain and provision rates from to cents
OIL, and asking Mr.. Newell's permission to
make little reduction to-day, but II was I'm.
derSlood all this cutting viii be discontinued
to-day or tomorrow. II this is done n favor
able effect Is probable, and will be reelected
very shortly by better prices for stocks wherein
| Tue hnOTl lntefcst II very large.
Some large timc loans were made IN Wall
street yesterday by people who have begun 10
| buy stocks on scale in anticipation that the
| railroad matters both east and west OF Chi
| Cago, Will soon he harmoni2cd.
Cammack don't believe any new pool will
| be formed which will be maintained aud does
| believe that the trunk line stocks are all n
| good sale still. He agrees with Jim Eastman,
| Nandorbilts cattle agent, that SO long rs the
| volume of traffic Offering Is light and INSULT
| Client for oil the roads no agreement to maln-
tain rates can be made which will hold.
There r. very strong bear cllquc In North
ern Pacific preferred, which the traders say
threatens 70 put this stock under 10 In n week.
| The Gould people do not believe Ia the Van
| derbilt stocks at all at the present prices,
mainly because they have no support what
| Is noted that the boys arc all out of their
Lake Shore, New York Central, and Michigan
Central, and William II. Vanderbilt himself
sold good deal of his Northwestern aud New
York Central before leaving Saratoga
Tho brokers reported great and continual
dribbllng, of long stocks, particularly of the
Nanderbilts, yesterday, and 80 long rs there Is
no Organized opposition TO the bear party moth
ing Is likely to occur which will cause any
very great rally except from over.selling until
railroad matters are fixed and grain begins
moving.
Sage sold puts on Union Pacific yesterday al
10. 60 days for per cent
Railroad earnings: Northwestern third week
in September, decrease $50, 100; Omaha, third
| "oVhi uctIchsc SUVJi OF raul tHlIu MCthi uc
crease 81 200.
stocks were generally weak. WocrlshofIc,
and party were liberal sellers Of the granger
and Vnndorbilts. Shoemaker and Dillon sole
considerable Lake Shore and offered the mex
dividend on 900 shares at IA per cont. S. V
White has been bidding for Lake Shore ant
Offering 06l for New York Central. ID. z. Nor
gan Is trading on both sides of the market anC
sold Western Union. Powers and stephen
brok Canada Southern. Philadelphia house
have been selling Wizards and Union Pncihl
preferred, first broke on stop orders. 1t Is re-
ported that foreign brokers arc buying Uniol
Pacific for London account and TO their qulc
absorption Is partly due the comparative stead
mess of the stock. The large traders wer
selling the market after II o'clock.
There has been much excitement In tn
board this afternoon over the Canyassing O
preferences for president and the presiden
was compelled TO call the members to Orde
twice Deacon S. V. White bet 81, 900 to g., 90
with Elliott that Blaine would be eloetod
The market opened active ut y to "a higher
Western Union leading, and gained about
per cent. ali around before noon. After
o'clock the bears began raiding, and soon tn
mornings improvement was lost In the gran(
. ers and Vanderbllts while Northern Paciii
preferred was sold down 10 dlS4. Amer
O'Clock prices began rallying, and the markC
closed fairly steady about opening prices.
Quotations OF Wednesdays Stock Sales.