The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-10-05
By Telegraph.
NEW YORK.

NEW YORK, october 4, 1883.
The stock market opened 4 fraction lower. and
then advanced XIA, the latter Oregon Trans
continental. Before tO:3O O'Clock the improve
ment was lost. and the bears again had control In
The round amounts the NiIrds offered, causing
break of aM24. In these specialties Northern
Pacific dropped from BIZ to 30't preferred 90 to
57i,; Oregon Trlnscontncntal 49x to Az. The
rest of the active list sympathized but slightly
with these shares declining only 4@3, except
Omaha preferred, which broke III. to 90s. Near
IL A. VI. Lackawanna received a strong support.
fully 5000 shares being taken at l2O@l20T:
This stemmed the decline and caused Il rally Of
Ad1k. In which Oregon TranscOntinenta was the
most conspicuous selling mp to 40. Northern Pa
ciiic recovered 10 ia. preferred To 3d. the others
ktG1. From this time until near 1870 4. VI. the
market was quiet and almost dull. About that
time there was a report that the leaders were In
conference To devise means tO end the bear raid.
Simultaneous the sharpest drive of tine day was
made on some shares. particularly Manitoba, Ore
gon Navigation, and Northwest. The former
broke 2, TO s0l,: Oregon Navigation ~, to l19h;
Northwest Is, 10 1904. shares not attacked by
bears yielded but nttle-about AhI. Toward the
close much better feeling prevailed and the
bears showed some disposition 10 take profits.
Under this pro, ess an advance Of 1M34 was esttb-
lsLed, with great activity on The way up. The
underlying cause Of the sharp recovery was the
reported conference Of Gould aud Willard. already
alluded 10. II was currently stated that these
capitalists, with prominent banklDg-hou.cs, had
agreed TO take certain amount OF bonds 10 be
issued by The Northern Pacific Company. the pro-
coeds Of which 10 be used In taking up the floating
debt and In providing the company with means 10
thoroughly equip the lines. IL was also reported
that Il portion Of the bohds had been taken for
European account. still another rumOr current
was 10 the effect that Gould aad Sage would enter
the Oregon Transcontlncntl directory. While
these rumOrs could not be Officially confirmed,
there IS apparently good ground for believing that
dcal In Northern racifcs had been made. and
that the purchases made by letding operators ~
dav were predicatcd upon the deal In question.
In late transactions Northern Pacific rose to 32l.
preferred to 81 oregon lrlnscOntinental TO 49,:
Northwest to 1928: 81. Paul to l0l4: Louisville
and Nashville to 49,; Lake Shore u 99k: Michi-
gan Central 10 II; Jersey Central 10 81: Mani
tOba to l0S; Union Pacific TO S7i: Western
Union 20 go. Compared with last nights closing
the same shares show advance of Aa's, the lat
ter Lackawanna, while the others are 4Mi lower.
except oregon Navigation. which Is down 81, at
l20. Western Union. Texas Pacific, Wabash
preferred. Omaha, Oregon T anscOntinental, Chi
cago, Burlington and Quincy. and Canada South
ern are unchanged. In specialties. Pullman broke
4. To 1874: rallied 10 1875. Alton and Terre Hautc
declined 2, TO As; preferred /. - 50; East Ten
nessec preferred /. 10 IA: New York, Chicago and
81 Louis preferred =. 10 II. The feature Of the
day was tie trading in sellers options. Oregon
Navigation sold l21Ml7s; Manitoba, l06tM IA.
seller l6: Pullman Palace. 1875. seller 3t-Gll la
2 per cent. below the market. Transactions,
100000 shares.
BALTIMORE.
BALTIMORE. October 4.-Virgin'a 6s, CONSOLE
dated, 42k: paSt-due coupons, As new 10-f0s,
80; new 3's, 80. Bid to-day.