National Republican. (Washington City (D.C.)) 1872-1888, 1884-04-28
THE MARKETS.
The Various Influences Which Affected Trad
ing in Wall Street last Week.
The Trunk Line Managers Fail TO Reach
an ACCOMPLISHMENTS Prices.
Special Dispalch.

NEW YORK, April 26.-Ihe situation OIL
affairs during the past week has remained
unchanged, The disagrcements in the coal
carrying trade was one Of tho special inhu-
ences in Wall street, and the slowness in
settling tho differences between the Chicago,
Burlington and Quincy aud the Union Pacific,
the trunk line POOLS disorganized condition,
and the general weakness of tho Gould stocks
were also features of tho week.
Tho weakness Of tho Gould stocks has
given rise to tho opinion that Gould, for some
time past has been marketing agood portion
of his holdings. and looks with favor on Tho
present decline. The falling of of earnings
in some of the coal carriers has started
rumor of impending financial difficulties
in the case of one or moro of them.
On the whole tho maSet has boon weak and
demoraliEed. The general public seem to
take very little interest in 1t, and tho room
traders and professional spectators find 1t
much easier to depress than to advance prices.
There were rallies nearly every day, due to
manipulation or the covering of shorts for the
covering of shorts for the time being, aud
when the demand for this latter purpose
ceased the fall in prices began again. In the
early part of tho week the tone tone of the
market was somewhat panicky and feverish.
Tho principal declines were in Union Pacific,
the southwesterns, tho coalers, and Erie. 1t
was rumored that tho Union Pacific pool
had liquidated; that Gould had been unload
ing, including Western Union, and that Erie
was floating large amount of paper on the
street. During the latter part of the week
there was o sharp decline in Reading, which
depressed the other coal shares and the trunk
lines.
Tho railroad earnings for the latter weeks
of April continue very satisfactorily, The
st. Paul and Omaha stocks have been firm
and higher on the large increase in the
eOmpany'B earnings
Tho volume of business in railroad bonds
has been small, and the tendency of prices
has been downward. The cause of the decline
is believed to DO on account of decreased
earnings and the less favorable condition of
the properties. The failure to arrive at any
plan for the financial relief the West Shore
road made the bonds active, but the price
lowered.
The money market in Now York has
hardened in consequence of the continued
large exports of gold, though there has been
no decided change in the rates of interest.
There was an effort mado to bid up money
on the stock exchange for the purpose of af-
fecting the stock market and rates once OF
twice touched 3 per cent, but only for the
moment. The ruling rates were II to 2,
The foreign exchange market was strong
all the week. Thursday the rates were ad-
vanced half a cent per pound sterling.
Government bonds were little weak. The
Is and AIS dropped /.
Some new features were noticed in tho cot
ton speculation for future delivery. The
most conspicuous were the apprehensions Of
large deliveries on May contracts, severe
weather in the southwest, and the increase OF
receipts at Bombay. In tho latter part of the
week there was a slight advance on strong
accounts from Liverpool, but slow business
caused decline with quiet closing
Cotton on tho spot has been very quiet and
prices unchanged.
On Saturday the Liverpool people here
were large buyers OF May aud June at the
opening, while the German party were large
sellers. 1t is believed the strength of May
is due to manipulation by the Liverpool party
and to the taking by private arrangement Of
aoeut 2Oooo May contracts q shade below
prices OF spots for the same days for export
but this is only current report. On the squirt
some outside buying orders were hiled. The
market was tame and without features except
as noted
SATURDAYS MARKET.
The prospect was a little moro hopeful last
night, and bull points were current fol
Erie. The threatened squeeze in Union
Pacific had kept its price up during Friday
and an advance was predicted to-day. Gould'E
friends reported that he was buying his
specialties and Keene was said to BIO q large
seller of Reading in anticipation that the
stock would be delivered to him on a large
line Of puts" which he had out 1t was
announced that the Western Union would
materially reduce rates on May l, which, IL Il
thought, will inaugurate n telegraph war.
The application of the Baltimore and Ohio tc
Commissioner Fink to permit further re-
duction of freight rates on the ground that
other roads were cutting was used by the
oeSrs 70 anecO sVCcAe' A.. ,,.,-- -,
Nothins was uone ny Vhe oig meeting OF
IaiiToau men az commissioner rlpks once
on FRIDAY. ms, ~ was shouRht' Woulu
nave an uniavoraple inil9ence OF, the MARIE!
Ing conm,V'eS aul ourhep Until mHy T. ~ 1t
stase9 tnae ING u Ii rum, WesI onore
anu Lacka"ahna ueolineo NJ No eneer tne poo
on Pleseh. peiooh'ases, no Prese1e pas
senger coh'Iac. was eA.eh hr Ihlrty Gays OF
uhtl oshe !, auu Hieanmhi n a. 5a.es VIII Ut
Ies.oiau ~ onoV, a' uSvuvu w iia'n 10,
new o s "a anu Wv. 70 pVsvponenohs wa
go ot tba Grand TrnnL + az awonnop onI
~ III y. ' - ~ 49, ', $3.50, ~ I,
Wesboln, enN 'ho Nos' 9uoto LINUS, Wnicn
VIII probably DC members OF the new pool.
Negotiations for the cancellation of thu
lease of tha Dragon and California railronf
- a. oraaon Transonnt;nantai g e. C.
80 -. 4. III III. a " w. 80 y" M ~
advanced Ihat ~ WIZ likely pe arrangeu. Inc
cancellation Will DO very advantageous to the
Oregon Tranecontinental company.
General Manager Clark of rho ITniop pa
~ tJt, u,s So.. = .
CHIC COMPANY, to,esiaPhs; ne naNo asreee