The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1880-01-31
EASTERN STATES.


NEW York. Jan 80. The Stock Ex.
change, in the early hours. was the
scene Of great excitement. and the sub
ject o. it, Central Pacific stock. Yes
terday public notice was given BY Q
committee Of the syndicate which re-
Gently bought 50. 900 shares of Central
Pacific. with the privilege Of $4,000
more. that the same would b publicly
sold in tho ordinary way ut the open
ing Of the Stock ExchsDge this moru-
ing. The Erening Post says:
The syndicate employed Ave brokers.
giving each an order to sell 10000
shares on scale OF fractions from 80 up
to IS. As soon % the hammer Of the
presiding officer dropped at 10 o'clock.
and business was formally opened,
there Was such . rush in the Central
Pacific crowd - might have led .
spectator to believe that s0as one in
the crowd was throwing about dve-carat
dismouds by the handful. Brokers
had their coats torn. and were in dan.
ger of having their bones broken. In
fact, the tumult was extraordinary,
even for the Exchange. where excite
ment is the rule. The first sale was at
8lH. There was then o rapid advance
to SIX inside Of the. fret fifteen min.
utss. This was followed by . decline
to Sl1s. ard at 1920. with the price ut
IS, the i've brokers had each executed
his order and the $4,000 shares had
been disposed Of.
The & in,nittee had refused private
bids for . large amount Of stock: and
~ one OF the purposes OF the GALE BY
Huntington was to populsrize the stock
in this market. it was thought best to
put every one seeking to buy on the
same footing. Therefore the stock wal
put openly on the market. The crowd
which surged around the sellers was &C
thick and 60 eager that the pressure
was really dangerous. One man wa.
observed with his collar torn of. The
wild confusion which prevailed hal
rarely been equaled in the stormy nm
mails Of the Exchange. Tho average
price was 81 and q fraction. The syn.
dictate would havo been content, it j.
understood. it an average Of 50 bod
been obtsined.
AUGUSTA. Jan. 21.-ln the Ssnat.
seven Fusion Senators appeared. They
were cordially received aud took seats
Atwcll and Potter of Penobscott said
that the interests If their constituency
required their presence at the board
aud however much might DO said in
regard to tho position Of sffairs. their
duty was plain. In the House % Flu.
si"nists took their seats
WAsHINaToN. Jan. % The Com.
mittre on Pacific railroads today in
stracted th. If chairman to report favor.
ably TO The House aud urge tie passage
of the b'll introduced by Represents
tive Ncl4~ne to alter and amend The
si"ki"g fund act. approved Nay 7,h
1878. after agreeing upon an amend.
ment extending the provisions of The
act to oil persons ar corporations into
whose possession the Union and Cen.
trial Pacific may come BY purchase OF
other consideration.
Jan. N.-The friends of tho North
ern Pacific Railroad have begun q
work in earnest 20 secure the passage
OF bill extending the time for The
completion Of the rad aud feel emit.
dent Of auccess. Ae argument in favor
OF such . bill was made before the
Senate Railroad Committee today.
Senator Blaine is going to have 40
ovation rendered him BY Republicans
here. arrangements for which arc be.
ing made on IN extensive scale. Blaine
men have elected majority Of the
delegstes to the district convention 70
select their delegates to the Chicago
convention. Col B G Ingefsoll has
consented to hesd the delegation.
The Dsuocntie managsrs have sent
word to South Caroliaa that the Legis.
iature while In extra sssrioa must pas
. rigid registntioa law. and thus take
away the right Of saAfags from about
one-lalf the negroes Who now vote.
making the 6tsts hopelessly Demo.
cratic next November.