The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-10-18
by Telegraph.
NV YORk.

NEW YORK. October l7.-NoOn.-s irregu-
lar. Money. 2raB per cent Exchangc-Long,
4sl: short, aga. uOvvrumenls quiet states
Ereafnq.-Exchange. 4sl. Money. 2 per cent.
Treasury balances-Cnrrency, fIl6'eoo' CON.
s7.0is Governments lower, AZ per cents l4's'
i ner cents. 1917: 3 per cents, 100 bid. state
,|rcat depression prevailed at the stock EX-
change during the morning hours to-day. NJ one
time the market had very shaky appearances ".u
could have been easily turned INTO panlo, ~
usual of late Wizards were the chlei Objects o ~
tack aud the pres IRE 10 sell the shares ms MOI
been cqualled since the recent bear movement was
I'm iugurated. In The first hour of bu-il:ess OREGON
Navigation dropped IL. 1896 OREGON r@nsco o1
nental AZ, 10 3i,s: Northern Pacific / To 236.
prefrrred 4. to So. Other active share-
were also freely sold, especially trunk hne,,
81. to "a; Western Union IL. to I0%;
New York central Ia. 10 l12's; MIchigan Cen
trail Ia to II; Omaha = TO 81 pIeieSre cie ~
to 40; st. Paul Ia. to s2's: central tacluc o. ~
G1L: Chicago, fur ington aud Quincy ~. u
1905: Canada Southern -, 10 AZ Kansas una
Manitoba to 100 While This terrific raid was
going on the room was Hooded with unil'oraDie
rmlnors. none OF which could be Traced 70 an
authentic source. The break was due sol'ly %
the manipulntiOns Of the bear party WHO
by their hammeTing have undermined cpnh-
dence and shaken out large amounts OF lohg
storks The bears covered over 100000 shares OF
different stocks. Aficr midday the pressure u
sell abated. This created an impression t'at me
ally hardened. and prices moved up sgyoa.i o Odv
gCn Navigation rallied 81, 10 1854: OREGON
Transcontlnental 81 to 3el northern pacinG "a
| 10 2jst: preferred 81, 10 J9s; Canada southern
| ~. to 4sss: {. Pacific %, TO 81; Central Pa,
eInc IA to 3d. Northwest IL. to l17,,S; preferred
- to 49,: Louisville and Nashville 2l5, 70 49,;
Lake shore Ia, to 95A: Michigan Central it,t 70
| 7ss; Missouri Pacific II, To S2%; Kansas anu
| Texas L.. To 81: Manitoba IL. To 1861; Omaha
IL 20 s6s; Western Union ~ 70 10. Near the
close Oregon Transconiinentai, New ora Ssn,
trail, Western Union, and iackawanna were agalh
pressed for sale, and decline OF TO - TOOK plac
oregon Navigation dropped 81. to lOl, ana raj raj
| lied 10 loo on sales Of about 200 shares. IN the
lat sales jersey Central. winch had attracted con-
siderable attention for strength. notwithstanding
| The severity Of the attacks on the general MARKET
| moved no To 50. changing hands at this iigure
! This checked tue downward movement IN NC
| final transactions the RAPID rise IN Jerse! , tn-
| iral was due 10 the fact that there Is com
| uarailyply a small amount Of stock ailoat.
! while short interest, long after the close Oh
business was high as BID FOR use OF stuck to-HloI
row. when IL Is believed the bears VIII ne se|clcF
| twisted \ report WAS current thar some OF the
| wealthicst owners Of stock were Interested IN q
movement to punish the shorts ana also thn ihu-
| mate relation between GOwcn and Vanderbilt IN
duccd the latter 10 lend a helping lahd. Inc up
ward movement I'm Jersey Central just previous 10
the close took operators generaily Dy surprise anu
If continued tomorrow VIII prohablf IiPhlcn
| mary shorts INTO covering The announcement
| that ElOu.O0O in gold would DC shipped from
| London TO New York by the steamship Inlda was
much commented ON IA financial circles rs " i
believed Ia he the precursor of a larger movement
later on. Compared with last nights close. prices
! are down &M34 for oregon lrn,contineniai'
Northern Pacific. Grangcrs. IackawaunA, Mis-
souri, Pacific. Nanderbts, and Western Union.
oregon Navigation was lower, ~ lC2. Jer-
scy Central, Denver. and Wabash common
| we're up Am2t. I'm spcclalties, American
cable declined IL to 81; Chicago, 81. Louis
aud Pitlsburgh l. 70 II; preferred p to
80; Milwaukee. Lake shore and Western |. 10
AZ: Mutual linton Z. 10 II; New York. Chicago
and St. Louis preferred -, 10 l3A; Erie prefer
red p, to "; Long Island A. TO 5s. san iran
cisco common brought Zuk; the last previously
and Chicago rose -. 10 37le; G., c., &. and ]. I,
Ia So: Richmond and Danyiilc =, To 55r; Col
orldo Coal ?. 10 l6i. Transactions d92'OOU
| shares. -
BALTIMORE.
| BALTIMORE, October l7.-Vhnnia new 3's, 81
| Iif1 to-day.