National Republican., 1888-03-22
WEAK AND DECLINING,
A Heavy Drive at the Gould Special
ties-Missouri Pacific Sensation,


New YoRK, Mar. 2l.-The stock market
to-day was weak and declining almost
throughout the entire time, aud late in the
day heavy drive at the Gould specialties
broke the whole list, and prices are ma
terially lower as result Of the days opera
tions. The great feature Of the day was, of
course, the renewed weakness In Missouri
Pacific, and the break in It this afternoon
demoralized for the time the entire list.
Missouri Pacific scored an extreme decline
of q per cent.
The traders went round the room search
ing for weak spots, and were successful to q
marked extent. The news of the day was
not favorable to an advance In prices,
though nothing Of importance was received
except the advices from Chicago; but the
discussion OF the Missouri Pacific report
overshadowed everything else as topic Of
conversation, and the bears worked IL up to
decided sensation. The first sales were
made at irregular changes from last even
ing's prices, but the temper of the room was
bearish and buyers were holding off. Under
the circumstances prices settled down with
New England as the special feature. The
business done suffered q marked increase
after noon, however, and the decline gained
force, but II was not until the last hour
when the drive was made at Missouri Pacific
and 1t was carried down o per cent and the
rest OF the list proportionate amounts. The
close, after slight reaction was quiet, but
very weak, at or near the lowest prices
reached.
Money on call has been easy, ranging
from ] to 3, last loan at B, and closing at
9 to 3. Sterling exchange is quiet to
firm, owing TO the limited supply of bills.
Actual business at 4S52 for GO-day bills
and 4S72 for demand. Posted rates 1854
TO 4ss9. Government bonds have been
dull and steady. State bonds have been en-
tirely neglected.
Treasury balanees-Coin, $l29,0i3,s3i;
currency. Sl2,310,740.
The following were the closing bid quota
tions:
S5, 100: District OF Columbia 3.G5s, liz; Georgia
Is, new, gold, %107; Louisiana is, 400: Missouri
Is, 1o1; North Carolina consolidated 6s 19O
do S. Gs. virginia Ss a; do. d. N Nat c coupon Us Ss
s42; Central Pacific trsts, 113i; d., X. q. 4 N.
hrsts 6S; Missouri Kansas and Texas gen. Gs,
q; do. 5s, a.; Northern Pacific firsts, III
do. seconds, 1901; Northwestern consolidated,
liO; do. debenture. 1901; st. Louis and San
Francisco, 1l5i; st. Paul consolidated, 1876; St
Paul, Chicago and Pacific iirsts, ll9i; South.
Union Pacific firsts, 1l3i; West shore, 1Olt;
Adams Express, 1i0; Alton and Terre Hnutc,
30: do. preferred, 7O;, American Express, 1906
90; Canada Southern. 5Oi; Canton, As; Central
Pacific; ga; Chesapeake and Ohio, Il; Chicago
and Alton, 1870: do. preferred, 100; Chicago,
Burlington and Quincy, liz; Clev. Colo, 49,
Consolidated Coal, ~; Delaware and Hudson.
lO5i; Delaware, Lackawanna and Western
1865: Denver and Rio Grande, II; Erie 23i
do. preferred 80; Fort Wayne, 1853; Harlem
213; Houston and Texas, 15; Illinois Central
115; Kansas and Texas 12i; Lake Erie and
Western, 12l; Lake Shore, SSi; Louisville and
Nashville, 52a; Manhattan Con, S5s; Memphis
and Charleston, t53l; Metropolitan Elevated,
1900; Michigan Central, T6l; Missouri Pacific,
70; Mob. & o., s.; Nor. Il f., 139l; Nashville
and Chattanooga, 20; New Jersey Central,
~; Norfolk and Western preferred, 42i North.
ern Pacific, 2os; do. preferred i3; Northwest.
erf, lO6; do. preferred, 1885, New York Cen
tral, 1O3i; New York, Chicago and st. Louis,
IL; do. preferred, 81 Ohio and Mississippi 10:
do. preferred, so: oregon Navigation sol; Pa
cifc Mail, 3li; Pittsburg, 1885, Reading, 59l:
Richmond and Allegheny, 3; Richmond and
West Point Terminal, si; Rock Island, iii;
st. L.. & $. f.. 2s; do. preferred 67i; first pre-.
ferred, 111i: st. Paul. 1ii; do. preferred, f1iI;
81. Paul and Omaha, 81; do. preferred, 107i;
Tennessee Coal and Iron, 25i; Texas Pacific,
2ol Union Pacific, 51i; United States Express,
20; Wabash, st. Louis and Pacific 12s do.
preferred, 2li; Wells Fargo Express, 13O
Western Cnion T2l; Silver Certificates, 97s
American Cotton OIL, 2ia; Quicksilver, 9l; do.
preferred, 81.
NAsked.