National Republican., 1888-05-29
EVERYTHING LOWER.
Prices of Stocks Depressed Under the
Influence of the Gould Properties,

irlces oi StocRS Depressed Under the
Influence of the Gould Properties,
NEW YoRK May Qs.-The stock market was
active and weak In the forenoon to-day, but
recovered somewhat later, becoming quiet 20
dull The general list presented the same
lack Of feature which has distinguished the
dealings in II during the past few weeks, being
dull within n narrow range Of prices, and all
the character displayed was given to the
market by the transactions in few stocks.
The continued weakness In Missouri Pacific
Is the main factor In keeping the market quiet
and II Is thought that until that stock reaches
bottom no advance or activity s looked for
There was fresh drive made against the
stock this morning, and the traders, finding
no support In It, jumped on II, and its price
was broken 3 per cent. The movement eX-
tended to other stocks, and Reading became
weak, though It's loss was small In comparison
with the last-mentoned stock. The other
Gould properties were weak and fcyerish hut
never became prominent. London was
seller this morning, which also encouraged the
bears IN their attack, and first sales were
made on n heavy business at from I to ! per
cent below Saturdays final figures. other
fractional losses were sustained In the general
list In the first hour.
The weakness disappeared after the first
hour however, and most of the losses in the
general list were recovered, aud Union Pacific
became the strong feature, moving up materi
ally onthe renewal of the stories Of favorable
action by Congress. The market then became
very dull, and all life disappeared from II,
though the dealings were marked by a heavy
tone throughout, without much movement In
prices. All roads engaged In building eNten.
sions are meeting with such competition that
their surplus earnings are seriously nterfered
with, and Q general reduction OF earnings Is
considered inevitable The rest of the list re.
sponded with fractional losses, and the market
finally closed quiet and weak, generally at
something under the opening figure. Every
thing Is lower.
Money on call has been easy. ranging from
u TO ., last loan at }, and closing offered at
to " sterling exchange Is duh and steady.
Actual business at, lsG. for 60 day bills
dOO Government bonds have been dull
and and steady. State bonds have been dull and
without feature.
Treasury balances Coin, Si33i72, ,5O2;
currency, S150Ii,02O.
The following were the closing bid quota.
tions:
,as COUPON le5l; dis, coupon iOsl; Pacific Gs,
49, 121 District OF Columbia 3.O5s. lis; Georgia
Is, new gold. 105; Louisiana Is. 0Os: Missouri.
Gs, l02; North Carolina consolidated Is. 100;
do. As, 9i; Tennessee new Us. 10il do 5s, 80;
do 3s, 11E Virginia 6s iS; do. Nat. coupon,
.S5 Central Pacific frsts, 115l; d., II. q. Il N.
frsts, n; Missouri Kansas and Texas gen. 6s,
C3i; do. 5s, SO: Northern Pacific frsts, 1885,;
do. seconds, 1861; Northwestern consolidated.
ldOs; do. debenture, 10Ol; st. Louis and San
Francisco, III; st, Paul consolidated, 1861; st.
Paul, Chicago and Pacific firsts 10: South
ern Pacific tirsts, lli!; Texas Pacific II, g., 90;
Adams Express, 1873: Alton and Terre Haute,
3Gi; do. preferred, 20; American Express, 100;
Boston Air Line preferred, "; b. &. s. II. N,
90; Canada Southern, dSg; Canton, dG. Central
Pacific, 30; Chesapeake and Ohio. II: Chicago
and Alton 1876; do. preferred, 1856; Chicago,
Burlington and Quincy, 1l2i; Clev. Colo, 10;
Consolidated Coal, 20; Delaware and Hudson,
109!: Delaware. Lackawanna and Western,
l2S; Denver and Rio Grande, IL: Erie, 23g
do preferred, 80; Fort Wayne. 1881! Harlem
ZIG; Houston and Texas, ID; Illinois Central,
lis; Kansas and Texas, liz Lake Erie and
Western. 11!: Lake Shore, 00l; Louisville and
Nashville, 53s: Manhattan Con. s9l; Memphis
ana Charleston, +55; Metropolitan Elevated,
l8i; Michigan Central, 77l; Missouri Pacific,
5Oli Mob; no. $: Nor. \ E., ,1i2l; Nashville
and Chattanooga, 20; New Jersey Central,
81; Norfolk and Western preferred, iGs; North.
ern Pacific, 22i; do. preferred, 49s; Northwest
ern, 10li; do. preferred, 1i3; New York Cen
tral, 105l New York Chicago and st. Louis,
III; do; preferred, "a; Ohio and Mississippi, 19
DO; preferred. 80; Oregon Navigation, 93i Pa
ciic Mail, 32t; Pttsburg, 1871; Reading, Jos;
Richmond and Allegheny, O; Richmond and
West Point Terminal, 22!; Rock Island, 1851;
st. L.. & $. f., %; do. preferred, G5l; first pre-
ferred, 111t st. Paul, 65s; do. preferred, 10Si;
81. Paul and Omaha, 80; do. preferred. *t09
Tennessee Coal and Iron, 26i; Texas Pacific,
19s; Union Pacific, 53s; United States Express,
20; Wabash, st. Louis and Pacific 12s; do.
preferred, "a; Wells Fargo Express, 1873;
Western Union, Hs; Silver Certificates, Oct;
American Cotton Oil, 81: Quicksilver. 0; do.
preferred, 35.
"Asked
Washington Stock Exebappe