National Republican., 1885-07-16
THE MARKETS..


Renewal of Foreign WAR Gumprs Wa
terialiy Affects Prices OF Stocks nni
Froduce-sioCks strong aud very Ac-
tive -- wheat Advanced I 81 over
Tuesday.
NEW YoHK, July t5.-The stock market
has been very active aud strong, especially
for the Vanderbllts, Lackawanna, aud the
grangcrs. The trading in So. Paul, Lacka-
wanna, Lake Shore, New York Central, and
Northwestern amounted TO 825,300 shares,
or over 6s per cent. Of the days business;
the stocks mentioned leading in the order
named, but IL was Lackawanna and tile
Vanderbilts that attracted the greatest
attention, and that scored the
greatest advance in prices. In
stead of being feverish and irregular, as
yesterday, the stocks mentioned moved
steadily upward until Iackawanna rose
from 9S2 to 1901; New York Central from
92s to 961, and Lake Shore from 6ls to 65l;
the highest prices of the day being reached
shortly before 2 o'clock AT the same time
Pacific Mail was weak on rlimor that the
dividend would be passed, and also on ac-
count Of the probabilities that the Australian
line will be taken off after November next.
The stock closed lower than last evening.
st. Paul ALSO after opening at 7dl and sell
ing early up to al, lost the advance In the
first hour and remained about steady until
late in the afternoon, when II became
strong and closed, on q reaction Of per
cent. below the highest quotation reached,
with q net advance of per cent. Western
Union was comparatively quiet all day,
selling only per cent. above last evenings
closing quotation, and ending to-day with
40 .ls N1...
per cent. OF which was lost In the final
quotation. There was later reaction, which
was recovered and again lost before the
close OF the board, the market closing weak
at fractions below the highest prices Of the
day.
The street was well supplied with rumors
all day, early reports being circulated that
the Russians were again advancing upon
Afganistan, which was repeated all day,
and this, with the break In British consois,
had a decided effect In stimulating the
general market.
The Gould stocks remained quiet and
steady, except Union Pacific, which is per
cent. lower.
Money on call continues easy at to II
per cent, closing at /. Foreign exchange
is dull and quotations are unchanged.
Government bonds are dull and weak,
especially the 3s and As. State bonds have
been neglected, but quotations are about
steady. The railroad bond market has been
very active and strong all day.
Treasury balanccs-Coln, Sl56, 100, no;
currency, S21 ,23s, ,126.
EFFECT OF WAR RUMoRs IN LONDON.
LONDON, July 15.-The downward ten
dency in the stock market to-day was ac-
celerated by rumors that the government
had received information confirming the
report received by the Times of n Russian
advance on Iulilcar pass. The news of
this hostile administration on the part of
the Russians, together with Lord Randolph
Churchill's assertion In the house of com
mons last evening that England would
assist the amoer II he asked for assistance,
has created much excitement.
|. Quotations OF Wednesdays Stock Sales.
The following have been furnished by Bateman
Co., bankers, 1d11 Il street. being the most active
stocks In TIA New York exchange: