National Republican., 1888-05-10
CLOSED BuOYANTLY.
a sharp Upward Tendency After a
nav of Depression.

NEW YoGR, May 0.-Thc stock market was
again weak in the forenoon, but recovered
later in the day and became very active and
decidedly strong throughout, the list making
material advances The reduction In the
Burlington and quincy dividend had damp.
onng effect upon the London market this
morning and this market responded to the
lower figures from that center with declines
from last evenings prices Mt the opening
ranging up to 2 per cent. This brought out
considerable long stock, and the traders did
what they could to shake confidence though
there was no great effort to raid the list.
Fractional losses from the opening figures
were the result of the mornings business,
The heavy borrowing demand gave ndica-
tiun in a large short interest In all the active
stocks, and this was made one of the means
Of the smart rally which occurred In the after
noon The amount of business doing in the
market dwindled down to midsummer pro.
portions before noon, and while there was
some reaction from the lowest prices the
movement was entirely Insignificant. the feel
ing ON the Burlington and Quincy dividend in
the tneautlnG having undergone q change for
the better. Later, however it became m.
morcd that developments of n favorable
character were pending, which started the
shorts TO covering All classes then rushed In
70 buy, and the market developed a very
buuyant tone, everything on the list rapidly
rising The loses of the forenoon were soon
wiped ont and material gains in addition We're
made No farther feature marked the deal
ings, and the close was active and firm at on
near the best prices of the day. The active
list tonight invariably shows advances.
Money on call has been, easy. ranging from
u to 2, last loan at >, and closing at T. to ..
sterling exchange Is active and strong Ac.
tual business at 1856 for GOday bills and 1851
for demand. Posted rates 49, to iSll GOV
Crnment bonds have hCen dull and steady
state bonds have been dull and steady.
Treasury balances Coin, SlSl SOL ,i!i; cur
rcncy, sl3,053,9O3.
The following were the closing bid quota.
tiOnS
d, couron. 1906; dls, coupon tO;i: Pacific is,
'S5, l2l: District OF Columbia 3.Gjs. lis; Georgia
Is, new, gold, 10i; Louisiana g., Oh: Missouri
do. Is. a3l; Tennessee new, Is. 103: do, IS, 0j;
do. IS. iOl: Virginia U.s. ~: do. y Nat coupon
81; Central Pacific tirsts llil; d, X. q. " n,
iirsts, -; Missouri, Kansas and Texas gen. Gs,
G.; do. 5s. 50 Northern Pacific tirsts. llsl;
do. seconds, lOG; Northwestern consolidated
40; do. dcbGnture, lU!l; st. Louis and san
Francisco ll55; 81. Paul consolidated. i27; st.
Paul; Chicago and pacilic tirsts, .l9O,: South
ern Pacific lirsts. 1l3l Texas Pacific r. g., iOl;
Union Pacific frSts, #ll5; West Shore, 1893;
Adams Express. 13s: Alton and Terrc lIaute,
Boston Air Line. preferred, 81; Il. 9. S Il. ~,
%; Canada southern, 5Oi Canton, 80: Central
Pacific, 81: Chesapeake and Ohio. Il: Chicago
and Alton, 1876; do. preferred, 100; Chicago,
burlington and Quincy, 1l1l; Clev Colo, 20;
Consolidated Coal, ~; Delaware and Hudson,
100: Delaware. Lackawanna and Western,
lSV1' Denver ana no t'runue, 10; f.flc, SOs,
do. preferred, Sc: Fort Wayne Isl; Harlem,
ZIG; Houston and Texas, II; Illinois Central,
iSC.; Kansas and Texas, ~; Lake Eric and
Nashville. 5Gs; Manhattan Con, Of; Memphis
ana Charleston. 80; Metropolitan Elevated,
1856; Michigan Central, 80; Missouri Pacific,
~; Mob. & o., 81; Nor. q e. III; Nashville
and Chattanooga, =; New Jersey Central,
SCI; Norfolk and Western preferred, Al: North.
ern Pacific, 25l do. preferred, 52i; Northwest
ern. 1901; do. preferred, li3; New York Cen.
tral, 1861; New York, Chicago and St Louis,
~; do. preferred, GO; Ohio and Mississippi, 81;
do, preferred, SO; Oregon Navigation, 0i! Pa
cihC Mail, 35l; Pittsburg, 159; Reading, GlI;
Richmond and Allegheny, I; Richmond and
West Point Terminal, 2li; Rock Island, l1Ol;
St. l.. II :. f., 2H!; do. preferred G1i; tirst,pre.
ferTed, liz: st. Paul, 49,; do. preferred, isl;
s.. Paul and Omaha, 30; do. preferred. llU
Tennessee Coal and Iron, 2Il; Texas Pacific,
21!; Union Pacific. 5il: United States Express,
~; Wabash, st. Louis and Pacific, 1871; do.
preferred 2l!; Wells Fargo Express 131;
Western Union, 10; Silver Certificates, 9Ts;
American Cotton Oil. 81; Quicksilver. 81; DO.
preferred, 81.
NAskpl