National Republican., 1885-08-13
THE MARKETS.



ACTIVITY IN sToCKs-RECRLEss MAN1pU'
LATioN-wHEAT WEAK AND DULL.
New YoRK, Aug. 12.-The publica.
tion Of the correspondence between par.
ties in this country and Europe relative
to proposed consolidation or working
arrangement between the Western Union
and the Baltimore and Ohio Telegraph
companies left no doubt in the minds Of
Wall street operators as to the truthful
ness of the statements that negotiations
had been going on for some time, but
that they had been broken of. Ii was
expected that Western Union would ex.
pericnee a further decided decline TO.
day, and the strength which it exhibited
this afternoon was the subject of very
general comment
In the forenoon the stock was some
what feverish; selling from 60l down to
6Ss, back to 60s, and then down to 0Sf.
In the afternoon it rose to 10, and closed
J per cent. lower, net loss Of 4. Fort
Worth and Denver was weak, losing -
per cent. The remainder of the
active list shows more or less advances,
the greatest gain being in New Jersey
Central II per cent. 1t was also de.
ciedly feverish in the forenoon, selling
from 40 down to 49,, and closed at 81.
The bear party is increasing in num-
bers and their leaders say there has been
a recklessness in the mauirulation of the
market during the past two weeks which
makes 1t dangerous one for outsiders
to touch, and that in fact the fluctua'
tions are now due principally to manip'
ulation by means of matched orders is.
sued by professional operators who are
striving to make markot on which TO
sell out their. holdings. The bears call
attention to several disturbing factors
that are at work and that must affect the
business interest Of the country, includ
ing the Baltimore and Ohio.Western
Union fight; the fight over passenger
rates in the west between the
Baltimore and Ohio railroad and
other trunk lines; the proposed extension
of the Baltimore and Ohio railroad into
New York; the building of the Chicago,
Burlington and Quincy railroad extension
into the territory ofthe northwest; the fail.
ure to consummate a pooling arrangement
among the roads in the southwest, and
the loss in the winter and spring VIII cat
crops, which they say are causing conser-
vative operators to withdraw from the
stock market until it has experienced a
decided break in prices. The Gould
stocks were heavy, the Vanderbilts and
st. Paul firm, Louisville and Nashville,
the Omahas, Northwest aud Northern
Pacific preferred strong, each gaining
from TO T. per cent, contrary to the
rule in most cases of late among the rail.
roads reporting earnings.
Money on call continues easy at
to 9 per cent, closing at ! per cent.
Foreign exchange is little more active,
and actual business is being done at 4S5 /
for sixty day bills, and 4s7 for demand
Government bonds are dull and strong.
State bonds are dull and steady.
Treasury balances; Coin, slGl 1906, 1G7;
currency, 26,47G,62l.
BALTIMORE MARKETS.
BALTIMORE, Aug l2.-COtton dull; midding
10lc. Flour steady and firm; Howard street
and Western super, S3.OO13l0i do. OK, S35O@
st.2l; do. family, si.35e 5,25 city mills super,
brands, si,0O@5.OO Patapsco family, S5.75j do.
superlativo patent, $500. Whoat-southern
firm, and active; western lower and active;
red Ye aQ S9GS Western sV %niO
red, spot Q3!q0l!c; August. o35c bid; septem.
Der. 9G@965cl; October, 9Slca90; November
Sl.0O5 bid Corn-.Southcrn lower for white
yellow steady; western neglected; southern
white, 5Sl@60c; do. yellow, goose: western
mixed. August, 53l@5i; year. 46Gni7.. 0at'
firm; Southern 37@ilc; western. white
. 500 i0c; do. mixed, 35@3s; Pennsyl
vana. 37@ilc. Rye steady and quiet n
65@67c. Hay steady; primo to choice west
crn, Sl70O@lQ,00. Provisions easier; mes
pork, Sll 5ODll.75; bulk meats. shoulders, anC
clear rib sides packed. 5A@6t4c. Bacon
Shoulders, 53dc; clearrib sides. 7lc; hams, l2Iac
Lard-Refned, Tic. Butter steady; western
packed, 1OQl3c; creamery, lSa2l. Eggs lower
llm1ltc. Petroleum nominal; refined, S@Stc
Colleo firm; Rio cargoes, ordinary to fair
copper refined dull at lO!c. Whisky stead,
ut 81 .20G1l.2l.
BALTiMORE, Aug. l2.-VirEnia Is, past-du,
coupons, 55i; new lO,d0s. Sil9: do. new IS, 66i
North Carolina Is. old. LIP bid to-day.