National Republican., 1884-07-08
THE MARKETS.
Prices Take q Downward Turn--The Bulls
hanifcstins Considerable Anxiety as TO lie.
sults--Grain News from Chicago.

hnnlicNlng tOnsl0efhDIe Anxiety hs 10 he- |
sults-Grain News from Chicago.
Special Dispateh.
New YoRK, July AT tho opening |
this morning the market was feverish,
with average declines OF ia in North
western, Central Paclac, Union Pacific,
Lackawanna, and the grangers. Chicago,
Burlington, and Quincy, Pacific Mail, Texas
Pacific, aud Denver were iractionally higher.
The decline continued slowly until nearly
noon. A reaction then carried prices to best
OF the day." but not up 10 Thursdays clos
ings. Trading was dull from noon until /
o'clock, when the bears began hammering
Lackewanna on option and regular selling,
and this stock yielding carried the whole list
downward, declines extending IA to 3j4
Lackawanna suffering worst. There was an
attempt 70 rally prices Just aiter 2l5 p. m de-
llycrics, but this failed, and the market grew
weaker, closing with the poorest feeling OF the
day. There has been no news that should
have affected stocks, except that those who
covered shorts Thursday put out fresh lines of
tions by the traders, broke the market.
bonds went lower, Ia sympathy with stocks.
The bears say most OF short interest In the
room was closed during the last hours OF
| Thursday.
The riimor that Could and wocrlshocfer
| had changed position on the market was cur.
rent bnt asned by friends Of those gentlemen;
the market but no Is reported as talking bear
| tsh. The recently formed pool In 81. Paul IA
believed to bo ready TO market stock.
| Conservative brokers say that the temper OF
| speculation has changed, and u majority of
room operators arc now ON the long side OF the
market.
Shore by Vanderbilt brokers was largely for
| some of the bears operators.
| Gould brokers were large buyers Of stocks
Thursday. The demand In Central Pacihc Is
| rn, Inu 90 hn G,r rnratVn
II IL freely intimatcd that the Union Pnoiilo
company borrowed from Fred. L. Ames money
70 pay July interest, giving him Kansas paolilc
are generally expected 20 show an improve.
mont In railroad earnings
A meeting Of the directors Of Postal, Balti;;
| more and Ohio, and Bankers and Merchants
Telegraph companies Ia being held to-day. 1t
Is expected that arrangements will bo com
plccd for consultations on basis Of earnings
Of the different companies up g July
tho market will advance. The weather is too
fine, but don't believe In selling at decline. IL
Z liable 70 quick huctustions,l Or ccntss;
Liverpool bought cotton at the opening but
talked very bparish, predicting that August
will sell Mt 1850. Bears claim that the mills
can shut down for six months aud yet have
goods enough tosupply the trade.
By Associated Press.
NEW YoRK, July 7.-The share speculation
to-day has been weak and lower on bear ut.
tacks No support was given the market aud
many operators were absent from the street
The grnngcrs, Lnckawanna and the Wander.
bilts were tho weakest shares. The grangers
were adversely affected by tho loss in earnings
for the fourth week and month OF June. Al
the opening there was decline In prices of J.
to "a per cent. This was succeeded by u iirmei
tone and n rully In prices, but In the afternoon
Lackawanna was raidod down TO 10Sl. and d
general selling movement set In.
As compared with Thursdays closing prices
! there WuSn decline of u to ih per cent. Neal
the close there was . fractional recovery, but
the market left Off weak Railroad bonds
were generally firm and higher.
The sales of stock to-day aggregated 900, l5l
shares, including the following: Centra
Pacific, 7l3D; Delaware, lackawanna and
Western, 3O,llO; Erie, 400 Lake Shore, 2l,977
Louisville and Nashville, 10000; Northwest
rs, ,79O New York Central, T,2tS; Pacific Mail
1000; St. Paul b6,1l5. Union Pacific, 3S,S $40
, Western Union, 3649O Northern Pacific pre-
ferred, 1850; Oregon Transcontnental, 1000
subtreasury bnlances-Coin. sll9, ,9lS,2 ,2A cur
rency, sp,SSS,7S5.
Quotations OF Thursdays Stock Sales.