Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-10-21
EASTERN NEWS.
/. .secrArEn PRESS DISPATCHES
stock Quetaiieps,

..secIATED PRESS DIsPATcHH
stock Quotations.
Nru YORK. Oct. 20.-Bar silver, 10a
cartral Pacific, 63%: Burlington. q;
Tortb Pacific, 25ss; Northwestern, IS;
Nov York Central, 1874; Pacific Mail,
aci%. Panama, IS: st. Louis and San
T,ancisco. q: Wabash, 1874; Texas Pa
.;fc 1Osk: Union Pacific. S65z; Wells
Fargo, 100: Western Union, 159E.
Among the Emigranss.
CHICAGO, Oct GA New York cor
respondent telegraphs that the Rev. j.
j. kiorden, the newly appointed chap
lain to immigrants landing IN this city,
wilI leave on Monday for Chicago to
meet Bishop Reardan OF San Francisco.
He will then meet Bishop Ireland of St.
Paul and Bishop Spaulding of Peoria,
10 consult with them in regard &c the
sstrlement of immigrants in the Yves.
and Northwest. He will establish new
mission in the vicinity of Castle Garden
Bulls aud Bears.
NEW YORK, Oct. 20.-Governments
strong. Speculation centers in North.
erp Pacific. The stock was in brisk de-
mand throughout. In early dealings
the bears raided the stock down frem
GO to IS. In the meantime lash sales
had been made ut 631ffd6l. As the day
advanced the demand increased, and
lust before the delivery hour difference
of 10 per cent existed. After the delivery
hour it became known that many niins
had failed to deliver stocks they mao
sold: in consequence, the deiinqu1hts
houobt i'm under the rule. Sales are re-
nortsd at 1917 cash and ~ regular. To.
ward the close the price fell to 5td62a4
regular and 753< cash. The excitement
which attended the buying In 6f stock
ander the rule has scarcely been paral-
leled. the general market for the time
having been almost entirely neglected.
The enormous difference between cash
and regular only partly represents the
losses Of the shorts, inasmuch as those
for whose accounts stock had been
bought in under the rule made addi-
tional sales in the regular way. This
will help the movement which is said to
he contemplated to make another
squeeze Monday. The theory that those
who purchased preferred stock for
voting purposes in connection with the
proposed issue of second mortgage
bonds would sell some Immediately upon
the closing of the transfer books /. en-
tiroly at fault. The Willard party, which
includes several prominent banking
houses, are determined, 1t IL said, to
ont stop to the daily bear
raids on their specialties, and today's
movement in Northern Pacific is an
uounoed az conclusive evidence thereof.
Owing to the great excitement attend
inc Northern Pacific, other movements
we're lost sight of. The general market
was irregular throughout the day. The
pressure was not severe but the market
lacked support in the early hours. tOpen-
inc Figures were about TO " per
cent below last nigts closing. Upon the
first sales prices yielded until decline
of N to " per cent. was seconded. The
weak spots were North Western, st.
Paul. and Missouri Pacific, Denver,
and New York Central were rather
firm. Late in the day the market i'm
proved in sympathy with the rise in
Northern Pacific preferred. Many
shorts were covered in other stocks
fearing the squeeze; the advance
ranged from to rs per cents. in
final dealings. fhe market is again on
the advance. Northern Pacific PREFER
cd closed at l754 per cent. highest at
76% cash "a compared with Yesterdays
closing cash sales. As compared with
last nights closing prices, Oregon Nav
igatisn is down points, Canada Pa
cifc 1ss.
The Commercial Admrtiser states that
during the last hour the most intense
excitement prevailed on the Stock Ex-
change, in consequence Of transactions
in Northern Pacific preferred. Thous-
ands of shares had been sold and could
not be delivered, and brokers were com
ta.kA x~ tS,xxy avs m nd nn hA
highest premium was demanded. Losses
fall ON customers of course; if they can't
stand it, brokers will. The highest
price for stocks was 5814 cash, against
q regular way. or premium of l3ls per
cent. II was expected many OF the
the houses could not be ir the twisting.
but up 60 the last moment no failure
had been reported. Today capped the
climax when stock loaned at ia Pa
cific Central. Considerable surprise
was expressed, and as the short interest
was known to be very heavy, stock was
necessarily scarce. What addei to the
particular value of today was that the
transfer books were To close this after
noon. The scarcity Of stock in this
market and the ease with which il was
loaned in Philadelphia created In the
fertile mind of General Coils, of Coils
4 Iieyy,a brilliant and daring scheme to
improve the shining hour. lie borrowed
1900 shares fiat in Philadelphia and
began dealing out on the floor Of the
New York Exchange at 1880 this morn
ing at rates ranging anywhere from o
to Oh per cent. In order 10 make his
deliverance good he directed Arnold Of
the Philadelphia house TO charter
special train and reach New York be-
fore 2:lb p. m. The business was very
risky, as failure 70 make HIS deliveries
good meant ruin. Disaster or deten-
ton ON the road were equally to be
feared. However, Arnold with his
valuable cargo hurried To the Pennsyl-
vania Railroad office at Fifteenth and
Market street and applied to General
Manager Thompson for n special train
and clear track. An engine and bag
gage car were placed athis disposal, and
shortly before Ii o'clock the special
train rushed from the station and WAS
laundering ON the way 10 this city at
the rate of seventy miles an hour aad
before O'Clock the stock was in Coils
u LEWIS office ready for delivery. Later
in the day premium Of Ii per cent.
was paid, 70 cash, 60 regular way, or
$500 per day for use.
Robbery and Mmrder..
GALVESTON, Oct. @.-A Corpus Christi
dispatch says that store nifty miles
south OF San Diego, Duyal county, was
robbed On the night of the nth. The
proprietor and another man were killed,
aud the murderers escaped TO Mexico.
A Broker suspends.
PHlLApELpHIA, Oct 20. - Frederick
Bainstock. broker, has suspended. 1t is
understood that he has been short Of
the market and recently became long.
silver Certinaatcs.
WASHINGTON, Got. O.-There il large
aud growing demand for silver oertifi-
oates, coming mainly from 81. Lonis,
the Mississippi Valley, Georgia, and the
cotton and sugar growing regions 10
general.
Imp0sing Ccremonies.
New York, Got. 20.-The installat ton
of Dr.. H. O. Parker as Assistant Bishop
Of the Diocese of New York took place
today mt Grace Church. The coremo-
NAL was probably the most imposing
that has ever taken place at the install
lation of Bishop of the Protestant