Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-08-23
Ups aud Downs su Wall Street.


NEW YORK, August %, II am.-There was re-
newed pressure TO sell at the opening OF business
to-day, and prices broke y 10 pa per cent, New
Jersey Central leading. The stock sold down from
SEX TO 19ss. Northern Pacific DO prererrei. Read
Ing and Lackawanna were also heavy. Near IL
O'Clock there was rally or \ TO l9s, The latter in
New Jersey Central
AN OIL FIRM susPENps
NEW YORK August %. / 30 p. ma. s. Jones q
Co, 81 New street, announced at the New York
Mining and National Petroleum Exchange and at
the New York Petroleum Exchange their inability
to meet their contracts. About 100000 barrels or
Oil were closed out for their account
THE POSTS REVIEW OF THE DAYS TRANSACTIONS
NEW loRF, August 23-lhe P0Srs financial ar
ticle says: 1.-The stock market during the forenoon
was unsettled, feverlsh and lower. the decline up
up TO ls:30 O'Clock being from 10 y per cent,
the greatest being In the Northern Pacrfics, Gen.
trail Pacific, Missouri Pacific, Northwestern, Lake
Shore, and Louisville and Nashville, in all or
which the extreme declines were from 1 TO 2k
per cent, and the net declines from
I to 2 The market opened generally from TO y
and Central Pacific In the first half hour there
was further decline OF y to la, the latter on
Transconinental to 6ih, ~ on Northern Pacific
preferred To 74K, on Reading to 40, 2zS on Cam
ada ada Pacific P;S TO- Sss, and the remainder OF
a sharp upward reaction in fifteen
minutes OF 4 to l's the latter on Jersey Central,
with II on oregon, and Transcontinsntal to 62k,
IL on Kansas and Texas to 23x, IN on Canada
Pa tific to 65, and n TO per cent on the remainder
After this there was. Ina the next fifteen minutes,
.
Transcontinental, 10 6la. In the next hour there
was first an advance OF 4 TO IA, the latter on Cam
ada Pacific 10 s61. From ii :l5 TO 1918 the market
was again gradually hammered down 4 10 IN,
the latter on Lake Shore TO 1885, with 11s on
Canada Pacific 10 So, Central Pacific to CAS-, and
Oregon and Transcontinental TO 6lS. After this
there was again an advance OF u TO 50, Just
before 1880. The general result OF all these
fluctuations was decline from last nights quota
tionS OF Il TO 10, the latter on Northern Pacific
preferred and Oregon and TranScontincntal, with
IL on Reading, Northwestern and Jersey Central,
1 on Louisville ana Nashville and Central
Pacific, and a fraction on all other stocks.
The fact that the borrowing demand for stocks
has increased, shown by the lending Hat OF Jer-
sey Central. New York Central, Louisville and
Nashville, Union Pacific, common and preferred,
Indicates the probability OF an increased short
interest I'm those stocks which Will assist I'm their
upward reaction when that comes, for the general
market. The railroad bond market was dull and
prices were generally lower. The principal busi-
ness was in Denver and Rio Grande Western
hrsts at Go. SO. COY. Rome, Watertown and
OgdenSburg 5s sold at 63 ana 62 Other bonds
were generally Il TO IL lower. OF state bonds
there was only one sale, Alabama, "clsss A." az
Sly. Government bonds were strong and j
higher for the 451s and u for the Is.