The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-11-07
Financial ana CONNER siaI
STOCKS.

Financial ana CONNER siaI
sTOCKS.
New YoEI, Nov. G.-The stock market
opened firm at a fractional advance, Erie,
preferred, however, was lower. In the
| early trade the market was dull and weak;
prices fell of to :, lead by Wabash, pre.
lerred, Western Union and Omaha, ore.
ierred. AT IL o'clack there was n
slight improvement in the general list.
Money, 596; prime Mexican, Gas; bar
SILVER, l2a; exchange steady; governments
irm states dull; railroads dull and higher.
Stocks after IL o'clock were quiet and
weak, at noon they recovered the decline of
Jolt, IN which Western Union, Missouri
Pacific and New Jersey Central and Michi-
gan Central were most prominent. since
the o., opening Western Union has dropped
to S3a from S5l.
Governments, per cent. higher for as
utotherwiso Unchanged railroad bonds
dull, but generally higher; state securities
fairly active and strong. The stock market
to-day was very dull and generally weak:
the opening was at fractional advance
from Saturdays prices. Erie preferred,
however, was | per cent. lower. Imme.
dlately after the opening Wabash preferred
sold up per cent, after which the entire
list became weak and recorded a decline of
TO per cent, Wabash preferred, Western
Union and Omaha preferred being most
conspicuous in the downward turn.
About | O'Clock Oregon 4 Transconti.
mental led general recovery Of to ,
per cent" after which the market became
! heavy, ana declined, with occasional reac-
tional rallies to the close, the decline rnng.
! lnB tr1m to Il per cent, the latter for
Western Union, which went to S2( at OMEN
ing. Others prominent in the downward
movement were Wabash preferred, Pacific
Man, Missouri Pacific, Reading, Illinois
Central, Denver & Rio Grande and Erie.
The market closed somewhat irregular, but
IN the main weak, at a decline on DAVIS
transaction of $500 shares
BUMOREp FAILURE.
PHILADELPHIA, November Cit was
rumorcd here to-day that William A. Lea
Vltt, proprietor of the Hero glass works,
this city, failed for $4,000. All that is
known about the matter is that Mr.. Leayitt
has made an assignment to Nelson e Evans
for the benefit Of creditors.
WILL CLOSE.
NEW YORK, Nov. G.-All exchanges cd
iourn until Wednesday, tomorrow being
legal holiday.
AN EXCITING DAY.
.,iIrTs8uRG, "a, Nov. q lift were pos
slOle Tor the excitement ut the oil exchange
TO be greater than it was on Saturday, then
to-day must have reached the pinnacle of
frenzy. The lobby was packed all day with
eager curiosity mongers, and it be-
came necessary to call in the police
to keep the passage-way clear, The
market opened strong, with sales at 2S,
but quickly declined to / % and then adj
yanced to 30, the highest point of to-day.
The market then dropped steadily till the
close, when n was bid The transactions
were the largest ever known here, and az,
gregated 100000 barrels. Among the
spectators ut the exchange to-day were a
number of ladies'.
CONSOLIDATING TELEPHONE LINES.
BosroN, Nov. 6.-The announcement is
made that the Lowell Massachusetts, Tel.
ephone syndicate, which controls / 700 tel
ephOnes in Maine, New Hampshire, Yer
mont, Massachusetts, except Boston and
southern Massachusetts and three counties
in New York state, including
Saratoga, has purchased the
Long Island telephone, capital, 81, 200.
coo, and including Brooklyn, and
| the New Jersey Telephone company, capital
| 81 100000 The latter icludes virtually the
entire state, excepting Newark aud Camden
| hight is given TO purchase Newark January
the LIST, 1881, ut the actual cost of the plant.
The syndicate propose to take possession
ut once and organize the companies as one,
under joint capital Of 81 100000.
HEAVY MOVEMENT OF CORN.
| KANSAS CITY, Nov. 6.-On account of the
present scarcity Of corn at eastern markets
the large crop of Kansas is being Forwarded
from there. Elevators here are rupripr
night and day aud are still unable to keen
! pace with the receipts, and there is almost
blockade in consequence. One thousand
cars of the cereal accumulated here on
Saturday and Sunday.