The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-10-13
ny Telegraph.
NEW YORK.

NEw YORK. october IL, 1888
The stock market opened weak today anu CO
clined a0ll hut this decline was soon rc'o'eitl
Northern Pacific preferred monopoiized specnit-
tive attention In the early trading Aitef - a.
VI. n little support accorded the market was WIFI ,h
drawn, and speculation continued weak until aibr
2P VI and prices declined kG3li. the latter Ore
gon Transc influential. which fell Oh TO AN; Den
yer fell Is: Northern Pacific preferred !, 10 ooss
a stcadicr tone which after L. VI. developed into
comparative buoyancy. Many shares advanced Ia
the highest point Of the day. Northern Pscihc
rose 10 299s. preferred 10 GA, Union Pacific TO
sss. Northwest 10 1905. 81 Paul 10 9g)s. prefer
red to ll7h, Louisville and Nashville 10 41S'
Lake Shore 10 eeS, Missouri Pacific to 9ii,. New
t- Eio Paciac to So Western Western Union 70
7g4. just before the close there was a sudden
raid ON LAX shore, which fell OF ~ and
caused sympathetic decline Of aGl IN the gene
raj market. The raid was based on report that
the Pennsylvania road had issued u circular ma
king sharp red Ictlon IN rates from Pcnn,y lvania
points 20 points I'm New Yor, state along the West
Shore road I'm opposition 10 the New YORK Central.
The decline in the market was brought about he
fore the report could be inves ugucd. After hnsi-
moss hours 10 was learned al the Offices or the COM
paoies concerned th9t the reports were hiade on
OF the whole cloth. and that the incomplete staie OF
the West shore road. u nothing else, pft'iuntH tc
possibility of any such action as was atifiDutcd u
the Pennsvlvana Company. Inc ecihal W. 'h't' ne
on the highest authority here. IL h1l - '"Ih
that prominent bear operators. VINO ha1 been
credited with desire To cover were III
directly the cause Of the circulation oi the report.
Other reports. witch attracted cohalt.tE.n.' a.
tention. were 10 the effect that the Wet shore
road had been leased 10 the Grand lrnhh IN Tan
ada. and still later 20 the Penn,vlvauia' no onlci
confirmation of which could be obtained. IL y,
admitted that NEGOTIATIONS of Importance 70 the
West shore are in progress, but they are hot s.t
sufficiently advanced % permit any positive stare,
menfs IN regard 10 Tie matter. II H. ihllm'tei
that the difficulty between the Texas fac4hc ana
It's dissatisfied income bondhGlders Is hSCly 10 De
compounded by the payment Of back inter- -
claimed, partly i'm scrip and piItE III
cash. Denver vas week on the issue OF
50 .OOO. 900 new bonds and S5,OO0.OuO new slocs.
Compared with last righi's closing prices are N0
IL lower for Denver. tie trInk lines, oregon
Iranscontincutai.andt the could stocks. Chcdgo'
Burlington aud Quincy. LacSawlnna. Manitoba
and Union Paciic. however. are 80 q Eighcr. Inc
changes I'm speCidlt.cs are again important. thl-
cago. It Louis and Pittsburgh fell on 3a' 10 l.
preferred ca. 20 80. The former subsequently
rallied to II bid. and the latter 10 40 bid. Alton
and Torre H1ute preferred sold down l. to II
Milwaukee. Like Shore and Western preieriCd
81. to 3Gk: Minneapolis and II. Louis = 10 =.
oregon Improvement 2 ). 10 10: Colorado Co3i e
to Isl; New Central Coal Ito Q. Sales, 3ZU'''O
shares. -
BALTIMORE.
BALTIMORE. October l2.-Nnginla 6's, conso.
dated 40: new lO-4u's. 80: new 3's, 81. Norm
Carolina g.. old. 1857. BID to-day.