The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-08-15
Ky Telegraph.
NEW YORK.

NEW YORK. August IA. 1883.
The day opened I'm Wall street with feeling OF
general distrust. which was heightened by the an
nOuncement bv the Gold and Stock Telegraph
Company that the stock -ticker wires had been cut
For the greater part Of the day the majority OF
offices were without quotations. In tie first hour
of business there was a break IN prices OF 3uis
per cent. and as usual Of late oregon Ir;lnsconii-
mental led the decline. IL reported about this
time that n leading operator mad settled privately
"A large loan OF shorts I'm Northern Paclic ana Ore
gOn IranscOntinental with prominent banking
House As the operator IN question has been IN
strumental in causing sharp break In these stocks,
N WAS inferred The worst had been seen. and an
advance Of to 5 3 took place. When The market
was AZ the top the failure OF George William blllon
& co. was announced, and prices welded 10 z.
During the day lS.IOO shares OF stock ana s44.uOO
I'm bonds were closed out for their accounts. After
il became known that no more suspensions were
likely. at least for the day the excitement aDated
and the market became tirmer. About O'Clock,
however. Western Union was severely raid,d.
breaking 10 72i. against 49, In Me early trading.
The explanation given for the break was mt
number Of stop orders were In the market, winch
the bear, discovered. Missouri Pacific sold down
rapidly from 95ai 10 SO, and the remainder OF the
ist fell off IA sympathy. after The bear pressure
was removed the make moved up again, clearly
indicating that the undcrtonc was much stronger
than was generally supposed. Western Union rose
2b, to IA. and Missouri Pacific -. to 9ia. The
former subsequently, reacted to "a. A. c0mp1r,d
with last nights closing. prices are : 10 = per
cent higher. Central Pacific. Northwest 81 Paul.
Louisville and Nashville Missouri racine; Ere
Oregon TranscOntinen'al. Texas Pacific, ana Wa
bash common being prominent IN me improve
meut. Chicago. Il. and Ohio. New Jersey Central
and Western Union ere l 10 p per cent. lower.
In specialtles Alton and Terro laute lso TO o. :
prefcrred 3, to 90: C.. e.. G. and l. Ia. 10 6l'i {;
Chicago, ST. Louis and Pittsburgh IL. To IL: Chi
cago. II. Louis and Pittsburgh preferred IL. 10
4O1 New York. Chicago and -. Louis preferred
il. - ls4 Manitoba >. to los and Colorado
Coal Ia. 10 25s. Chesapeake and ohio first pre-
ferred declined ., % %; Long Island 8, 10 ~:
Manhattan Beach =. to 10; Manhattan Elevated
u, L. 3Sh: MINI. and II. Louis 81 10 1914: oregon
Navigation 2. 10 1873; san Francisco preferred
T.. 10 y: and san Francisco first preferred =.
10 So. sales aggregated, according 10 tie official
list Of the Stock Exchange. 576,77O shans \
broker, who didn't leave The room all day, esli-
mates them at fully 100000. The changes IN
railway mortgages were the most important than
for some time past Iron Mountain generals
dropped l0z points, 20 50; oregon IranscOntl-
mental hrsts 3. 10 80; Denver and Rio Grande
consolidated 81, to S5+; and Denver and RIO
Grande Western frsts 3. 10 ~ After the *
change closed a number OF leading bankers ex-
pressed themselves as feeling more confident OF
the future. LiquidaiiOns which have been going
on for some time past have rcsuted In placing the
market on a healthy basis, and already there are
indications that the Investigating public both here
and abroad are purchasing. The reduction In for
eign exchange to-day due 10 the increased sup
ply Of commercial bills.
BALTIMORE.
BALTIMORE. August l4.-ViTglnia 6's, console
dated, 81; new IS, 81. Bid to-day.