National Republican., 1888-04-03
ACTIVE NND FEVERIsII.
The Railroad Troubles the Great Dis
turbing Cause.

NEw Nuk, Apr. 2.-The stock market was
very active and fcvcrish throughout the day
ami while extremely weak in the forenoon
rallied later iU the day, although the tone Of
tie dealings was unsettled throughout. The
western railroad troubles wore still the grcl,
disturbing factor. and the advices received
since saturday night induced u heavy pressure
zen ht the opening, there being perfect
rushtO get out, and the trading was attended
IN great excitement for some time, \ ri nor
which was circulated last week about u prom
intht banking house being IN trouble an
compelled 70 throw over all the stock u had
Teen carrying was again made use Of this
morning with considerable effect,
me pressure was specially severe against
ilc trNng,rs and 81. Paul In particulqr, but
the stock tuctuntcd only pcr cont all day,
ina lis FINAL ln.S was Insignificant. More
ml1t"iCn was made ON the others, however
and burlington aud quincy dropped over
Ter cent. After the cranecrs, more attention
was laid TO the Nandcrbilts rs being liable to
Suhcr most IRON the prospective difficulties
with employees, and Canada southern, Michi.
Ian Central, and Lake shore made marked
declines. The dealers exhibited considerable
strength. especially In the early portion of the
day, but were subjected tu heavy rails later,
and the trading in Reading and taCkwlnnH
was very large, and the impression made upon
their prices was not at all commensurate with
the efforts put forth.
There was extensive covering Of shorts at
the low prices and renewed buying for tn"
long account, when II became evident that the
situation had been exaggerated and the mar
kot had generally firm firm tone thronGhout the
the first attack hut almost Immediately re-.
covered, and was well held to the close while
Richmond and West Point was one of the
most active stocks. Its fluctuations were con
fined 10 range of only per cent. The first
sales We're made at concessions of from to
IN most cases, but IN exceptional instances the
declines reached H. The market was very
active and ieNyrish, hut weak for some time
after The opening. and most uf the losses were
established in tic first few minutes. Lowest
prices were generally made shortly after noon
however. after which there wa nm irregular
recovery, cNtcnhing throughout the list and
lasting al ihe n'icrnoon. The markct wns
much Crictcr after the first hour and finally
closed quiet ard about steady, generally at
fractional declines from saturdays closing
iicurcs. The business of the day amounted To-
3I5,3Gi sharcS.
Tie following were the closing bid quota.
tioNs:
Is, coupon, 4i23i: As. coupon, 1861; Pacific is,
IS, l2O District of Columbia 3.Gj4 ,llss; Georgia
e, new gold lG3; Louisiana A. 80; Missouri
Gs, lOl; North Carolina consolidated Is, 12N:
do. IS. N3; Tennessee new Us, 100; do. 1S, ~;
do: 3s, "; Virginia g, =; do. Nat. coupon
iirsts, GG; Missouri Kansas and Texas gen. Us,
~; do. 5S, 5i; Northern Pacific iirSts, III;
DC. seconds, llOa!; Northwestern consoli lated,
1915 do. dcbenturc, llo st. I.ori, and san
Francisco. 49,: st. Paul consolidated, l2i.: ST.
Paul, Chicago and Pacific frstS, 1lol; South
ern Pacific lirsts, III; Texas Pacific II. g.. ~
Adams Express, l35: Alton and Teuc lIautc
35: do. preferred, 10 American Express, l0G;
Boston Air Line preferred. ~; i. G. " X. ",
IiO; Cgnada Southern, iOi: Canton 90; Central
Pacific, -; Chesapeake and Ohio II: Chicago
and Alton, lsO; do. preferred, i5o; Chicago,
Burlington and Quincy. Ia: Clev. Colo, -;
Cone lidutrd cal, Il; Delaware and llllSun,
lt2s: DciGNalc. lackawanna and Western,
~; Denver and Rio Grando, 1di: Erie, !is;
do. preferred, 50: Fort Wayne, 15!; Harlem,
2lG; II, aston and Texas. 10; Illinois Central
llii; Kansas and Texas. l2i; Lake Erie and
Western. II: Lake Shore, s5,; Louisville and
Nashville, 5ls; Manhattan Con, 81: Memphis
and Charleston, ssh Metropolitan Elevated,
1901; Michigan Central. ;2!; Missouri Pacific
III; Mob. ~ o., q; Nor. ~ f.. 13S Nashville
and Chattanooga, Il; New Jersey Central,
~; Norfolk and Western preferred, i?.; North
ern Pacific, laI; do. preferred, 43 Northwest.
crn, lG} do. preferred, 1876: New YORK Cen.
tral, lO2.; New York, Chicago and ST. Louis
l2!: do. preferred, C3; Ohio and Mississippi, 49,;
do. preferred. 80: Oregon Navigation, ri; Pa
cjhc Mail, 10: Pittsburg, 1856: Reading, 5!i;
Richmond and Allegheny. :; Richmond AMI
West Point Terminal, 1Ha; Rock Island. 1Ji:
~. L.. n :. F., 2!i; do. preferred Bsi; first pre-
ftrlrd, les: 81. Paul, G1.; do. preferred. lUSl;
St. Paul and Omaha, 52s; do. preferred, lun!;
Tennessee tOal and Iron, 25t; Texas Pacific,
10,; Union Pacific, i0,; United states Express,
II; wabash. 81. Louis and Pacific, Il; do.
preferred, .li; Wells Fargo Express, 100;
Western Union, u; Silver Certificates, "5s;
American Cotton Oil, 27!; Quicksilver, 5; do
preferred, ~.
HAskpl tEx-intprpst