Daily globe., 1883-08-28

EVENING REPORT.
Money fairly easy at 2@3 per cent.
closing offered per cent. Prime mercantile
paper 5199613 per cent. Sterling exchange
bankers bills rather weak at S4.82I; do. ex. de-
nand, $3.50.
Governments-Firm.
Bonds-Railroad bonds quiet.
State Securities Dull.
Stocks-The stock market was very much de
pressed during the forenoon by variety of ru
mors and allegations in regard to various stock:
and also in regard to the financial condition OF
one or more commission houses. So far as Car
be learned by inquiry, there was not a word Of
truth in any of the reports and it is apparent
they were started for the purpose of making 6
break in the market. The audacitY of the fab
relations, however, was such as to cause break
which was not fully recovered during the fore
noon, the net result of the trading up to 1886
being decline of 1902 per cent. in active
stocks, the latter for Lake Shore and Oregon
Transcontinental, with 1s per cent on Northern
Pacific preferred, per cent. on Michigan Cen,
tral and fraction on other stocks. Although
there was considerable improvement in prices OF
stocks in the last hour and frmer tone, in the
general net result of the days business there
was decline of 4@2% per cent, the latter fol
Lake Shore, with rs per cent. on Oregon Trans
continental and Northern Pacific preferred, II
per cent. on Chicago & Northwestern, 1% pei
cent. on Central Pacific, 1B per cent. on Cam
ada Southern and per cent. on Delaware, Lack
aWanna & Western and Northern Pacific com
mon, with per cent. on Memphis & Charleston.
Philadelphia & Reading and Denver & Rio Grande
were exceptions to the general decline and closed
%@3S per cent. higher respectively.
The Evening Post says: The most reasonable
explanation of the depression in the stock
market to-day is that certain large operator
who has for good many months been on the
bull side and been carrying large blocks of Del
aware, Lackawanna & Western and Lake Shore,
has found it impossible to unload those stocks
and has turned bear on number of other stocks
in order to offset the decline on those he holds
Delaware, Lackawanna & Wertern has been
churned down for six months over a compare
lively narrow range, the sales amounting to five
or SIX times the total capital stock of the COM
pany In the last few months. This, however,
has enabled him to work off only portion and
consequently it is believed he has to-day re-
sorted to the tactics above mentioned There
seems to have been preparation and a definite
purpose in the manner in which canards about
the embarrassment of Boston bank, etc., was
sprung upon the market
The transactions aggregated 100000 shares
Central Pacific 1000; Delaware, Lackawanna 4
Western $4,000; Denver & Rio Grande 1l,OOO
New York, Lake Erie & Western 1000; Lake
Shore $4,000; Louisville & Nashville $1,000
Michigan Central 5000; Chicago Northwest
ern 5000; New Jersey Central 4, 900; Northern
Pacific $4,000; do preferred 5000; Philadelphia
Reading 1000; Chicago, Milwaukee & St.
Paul 10000; Texas Pacific 5000; Union Pacific
$4,000; Western Union Telegraph 1000; Ore
gon Transcontinental $4,000; Canada Pacific
5000; st. Paul, Minneapolis & Manitoba
1900.
MINING STOCKS.
Mining stocks very dull; Standard Consoli
dated sold at 575g58S, Northern Belle $50, Iror
Silver so, Chrysolite los, Sierra Grande 100
Little Chief 55@60 cents, Robinson CONSOLE
dated 47@46 cents and Sonora Consolidated q
@26. Sales for the day 1880 shares. Pipe
Line certificates very dull at 1O75S@l0j5S, clos
ing on call at 107,