National Republican., 1888-05-11
WEAK AND rnYEHIsII.
The Bears Deprcss Prices Rnd Use
MnnN Nmmnrs 10 Aid Thcm.

NEw YoRK, May lJ.-Tho stock market was
less active today, and generally weak and
fcvcrsh throughout, with the exception uf the
first hour. The improved feeling Of yesterday
still had some eject this morning, AMI first
prices were generally from to pcr cent,
above last nights figures for the active stocks.
The shorts made an effort tO cover, and u fur.
ther Improvement was made In the carly trad.
ing The Gould stocks, however were special
features Oi the morning shooting up rapidly
Hhunt 2 per cent. each, but as quickly losing
the advantage. Lack Of support In the Gould
piorGrtcS has had dGmolaliIing cneGt Of
late. but there were evidences that purchases
were made for that purpose tOu considerable
extent to-day, and those stocks We're leaders
~ every rally After the demand from the
shorts was In measure supplied, the advance
IN the Bank OF England rate, with the engage
mcnt OF S95U,NO for export 10y u prominent
banking house rnt check upon The advance,
and the bears and traders used the proposed
completion of the south Pennsylvania, coupled
with rumurs Of discord at the Trunk line meet.
ing, against those stocks, and some imprcS.
sion was made upon Lake shore. the rCst Of
the list following while the market became
dull and the transactions unlnterC-ting.
Thc crop report was next made the handle
for an attack upon the grangcrs and there
wHsa marked selling Oi those stocks from
Chicago. But II now appears that the com.
hncd crops OF the country will make as good
Il showing as usual. The corn crop promises
70 be large. spring wheat is good. and cotton
the largest crop we have ever had The bears
removed their pressure about / y. M, anl II
better feeling was manifested throughout the
list, and buying was indulgcd in again accom-.
panied by an upward movement IN prices.
The close was quietCr, but weak at orncar the
lowest figures reached. There We're n few
fractional gains, but the active list is de-
CdCdly lower this evening.
Money on call has been easy. ranging from
Sterling; ;" exchange is active nd firm Gc,
tual business NJ 1851 for today bills and lSSl
for demand. Posted rates ~ 20 isli GOV
st1s 6%nRs Ron eIS GeS@ Snc aS Snd and %
Treasury balances Coin. Sl3i,si0iGa; cur.
rcncy Sii,0!Si5!,
The following We're the closing bid quota
tiOns:
s5, lal; District OF Columbia 3G5s. liS Georgia
Is, new gold 1OI: Louisiana is M, Missouri
o.. i02; North Carolina consolidated Gs. l2O;
do, A., a3i; Tennessee new Is. l0l; do. js, %;
do, b, 10; Virginia Gs. iS: do y Nat. coupon,
EE Central Pacific rrsts, llji; u, II. g. ~ ".
tlStS. -; Missouri. Kansas and Texas gen. Is,
~; do. o.. ~; Northern Paciic hrsts, lls.;
do. seconds, lOG; Northwestern consolidated,
iiO do. dCbCntuie, 100; 81. Louis and san
francisco, 1851: ST. Paul consolidated. 1876; st.
Paul, Chicago and Pacific frSts. l!0; SOUTH
Union Pacific iirsts, 1lli; West Shore. 1881;
Adams Express. | 10: Alton aud TcrrG lIaute.
55.; do. preferred, ~: American Express. lO9i;
Is; % "anada Southern @ ni1 l0.; CANTON a. 10: Central
| Pacific. 3li; Chesapeake and ohio. Il: Chicago
and Alton. 1876; do. preferred, 100; Chicago
| Burlington and Quincy, il5; tlcv. Colo, 49,
Consolidated Coal. %: Delaware aud Hudson
| lus.: Delaware. LaCkawunna ana Western,
| l2s.; Denver and Rio GrHndc, II. Erie, 2ii;
| do. preferred, %; Fort Wayne. 15I; liarcm
| gig: Houston and Texas, n; Illinois Central,
| 100: kanSas and Texas, l3i: Lake Erie and
| Western. ~: Lake Shore, 0Oi: Louisville and
| Nashville. ri; Manhattan Con, 81; Memphis
| ana Charleston. 81; Metropolitan Elevated,
| 1a6: Michigan Central, -; Missouri Pacific,
| iGS; Mob " o., s; Nor. " f., 1ill; Nashville
| and Chattanooga, 10; New Jersey Central
| sgs; Norfolk and Western preferred, a.; North.
| cm Pacific, 2il: do, preferred, 5l, Northwest.
| erl, lOsl; do. preferred, il2l; New York Cen.
| tral, l0G; New York. Chicago and ST. Louis,
| ~; do preferred, IS; Ohio and Mississippi, !0l;
| do. preferred 50: Oregon Navigation, 93i; Pa.
| ciiic Mail 3il; Pittsburg, 15S; Reading, GQk;
| Richmond and Allegheny, !; Richmond and
| West Point Terminal, @2,; Rock Island, 100:
st. l.. u ;. f. 2Ol; do. preferred, Gji; first pre-.
| felTed, liz: St Paul, 72i do. preferred, lis;
| 81. Paul and Omaha. 3ii; do preferred, 100;
| Tennessee Coal and Iron, 2il; Texas Pacific,
| %; Union Pacific, 50: United States Express,
| ~; Wabash, ST. Louis and Pacific, l3l; do.
| preferred. NJ; Wells Fargo Express, 49,;
| Western Union, ;ji; Silver Certificates, 9!i;
| American Cotton Oil. III Quicksilver, ~ do.
| preferred, 81.