The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-10-21
Ey Telegraph
NEW YORK.


NEW YORK. October 90. 1883.
Speculative interest centred chiefly In Northern
Pacific preferred to-day. The stock was In brisk
demand throughout IN the Early dealings The
leus raidcd the stock down from go to 81 regn-
lar In the mean lime cash sales bad be IN made AZ
634. As the day advanced the demand incrc .sed.
and lust before the delivery hour "a difference Of
nearly 10 per cent. existed. Amer the delivery
hour (, became known that many firms had f,lcd
10 deliver the stocks they had sold, and IN conse-
qucnce denqaents were bought IN under the
rules sales were reported as high Is 1S cash and
q regular Towards the close the price fell on Ia
80 400, regular and TO 10, cash. The excite
mcnt which attended the bidding-in of the stock
under the rule has rarely hecn parallced, the gene
raj marie for the time having been almost entirely
neglected. The enormous difference between
cash and regular only partly represents the losses
sustained by shorts. which was - much - those
for whose account the stock had been bought i'm nm
der 'he rule. The Willard party. which includes
several prominent banking houses, n i Slid. have
determined Ia put stop 10 The hear raids upon
their n, cialles aud tO-days movement in North
ein Pacific pref rrcd = advanced ~ conclusive
evidence thereof Owing b. the great excitement
attending the Northern Pacific rise, other move
mcnts were lost sight Of II Is learned that
some of the short. I'm Jersey GENITAL have
tried 10 make private settlements, and IN some
cases have paid large shares tO secure stock. The
general market was irregular throughout The day
The pressure 10 sc was not severe. bu, the market
lacked support In the early hours the opening
figure were ablnt :. 10 >. per cent. below last
NIGHTS closing From the frsi sales prices yielded
until decline Of to ~ was recorded. The
weak sr0ts were Western Union. -. Paul. and
| Missouri Pacific. Western Union soid down ~.
l to ~ II PAM ". Ia 93ti; Missouri Pacific Ia,
10 00'5; Jersey Central 81, 10 ST.. Chicago,
BURLINGTON and Quincy II. 10 1919; Lake shore
/ ~, 20 93S Northwest Is. 70 lls preferred ~,
! TO 1917; Lackawana -, 60 lllF: Michigan
| Central l., 10 77i,. and Kansas Pacific | p. TO
| ASi. Denver and New ior. Central were rather
! firm. Late I'm The day the market improved In
| sympathy with the rise in Northern Pacific pre-
fcrred. Many shorts covered IA other stocks fear
ing "a squeeze. The advance ranged from y 10 Ia.
! New YORK Central sold up To llfh. Western linton
/ 20 7Gi{. Iackawanna 10 112s, Lake shore Ia Day.
Missouri Pacific e. 9l'i. Jersey Central Ia s3's.
! Union Pacific 10 S7lt, aud Wabash 10 81. Near
the close there WAS reaction but In the mai deal
the market was again on the advance. Northern
! facidc preferred closed ~. higher at 75i cash,
Hs compared with Yesterdays closing cash sale.
| \. compared with last nights closing. the price
| Of Oregon Navigation l. down pOinfs ~ 2O2
| Oregon improvement. =, 90; kanSls Pacific ~,
| at 49,; Northwest preferred 20. at 1917; ~.
PAM ~. at 49,: Lake shore |. at %: Kansas
| and Texas a. at Oh; Jersey central
D.. at ma; Omaha preferred /. nc o3 ;
/ and Western Union =. ~ 7Js. Northern
Pacific l. mp point. AT 20 referred 40
| 81 3: oregon Iranscontncntal 3, 40 3S'r; Wa
| bash pr TERED ]. At 3D.; New YORK Central 3,
NJ Ia and Michigan Central p. al 49,. In spec
| cialtiei Chesapeake aud Ohio second preferred
rosc % to lG3.. Nlnhstian Elevated Ia. 70 iOh.
and Bankers and Merchants Tel, graph %. ~
1919. The sales of stocks for the week were
3,u69,73l shares. An increase OF IL 1885 over
! last week. The export, OF specie for the week
were S523.5s9. making a total Of l2.sOj.35l
since January lst against Si3,fOl.lOS for same
/ period IA $50. The Imports Of specie for the
week were s62s.SO4, making 4 total II Sl3.s32.-
Ii5 since January 1t. against s3,s3s.s41 for
| same time La 1889. Sales aggregated 356,2if
BALTIMORE.
| bAITTMORR. October 2O.-Nlrnnia new 0-f0's,
| 33 new IS, 81. Bid to-day