Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-10-23

carry OF the prize, and yet such ia tn,
Riitter1nR and metallic brightness of tn,
ar when 1t il not surchargsd with fog
that am not sure, bat this riotous run
OF architectural fancy is not Just VIVA,
the city needs to redeem its otherwise
hard nakedness. Nobody knows what
fae Reraneum. passion flower, fus-
cnla and Australian gum, IL capable Of
until he has seen them in San Fran
| cisco, but the sun of local elegance and
enquiring gaze falls on the stately
palaces Of the railroad magnates crown
ing mob HILL" There is a shoddyite
insoience about these great houses that
may well arouse the ire of the "Sand
iotters' and kearneyites. For the mosl
part these palaces we're built of wood
are very ornate and have no air of habi
tatlon. They are dark and forbidding
ard the general effect of the whole
group il oppr ring. Regarding the
gorgeous dwellings built out of tbs
spells Of tn Government and people
| one need not be surprised that Com
munists have threatened TO raze them
| to the ground. The Californian is an
eptimist. He has grim sense of humol
and he laughs at the shortcomings and
| dishonesties of his Government; but il
must be said that in San Francisco at
least, the Californian pays his taxes and
bears his burdans like man."
The aeindahi Burning.
Ngw YORK, Oct. 22.-The steamer
Heindahl from Copenhagen for this
port, with five hundred persons on
board, is reported of Fire Island signal
ling for assistance. She is on fire.
Wizards Saturday Boom.
SAN Francisco, Oct. 22.-The CAroni
ele's New York special on SATURDAYS
Northern Pacific boom says The floor
of the Stock Exchange was densely
packed, and the excitement was intense.
Both small galleries were filed with
eager spectators, few of whom could
comprehend the wild demonstration be-
low. Brokers were seen crowded up in
front of the Chairman's desk, waving
their arms in the air, while husky and
seemingly unintelligibls sounds issued
from their mouths. The Chairman
helped along the noise by continually
pounding with his hard wooden gavel,
| and perpetual streams of humanity
kept moving in and out of the door, al
though the crowd inside was CLOSELY
| packed and each individual entrance
| Was apparently accomplished with diff
Guilty. The price of Northern Pacific
preferred advanced for cash delivery.
and the brokers began to ask each other
| In dazed sort of way what it meant.
The Chairman was in sober earnest
and there were many who made con-
sentative observations on the subject,
and who shook their heads thoughtfully
and expressed fears that the " BOOM
would be disastrous. The lowest price
paid for Northern Pacific preferred for
| cash delivery during the day was 81,
the highest price was 7S1<, and the clos
ing price was 75N. The same stock
sold for regular delivery as low as 81
and rs high as Ga, closing at 723. Just
before the close of the market common
stock of the Northern Pacific had a
small sized boom. and its price for reg
| ular delivery advanced from 25H to
8L, and for cash delivery from
251 to 2716, the close of the market
left the street in state of feverish
anxiety, and some brokers feared that
there would be a corner in preferred
stocks that would bring serious disas-
ter. The matter was discussed with in
terest in up town hotels and restaurants
last evening. Mr. Wizards friends were
disposed to be jubilant over what they
regarded as his coup d'etat. They said
that the bears who had been selling
Northern Pacific preferred "short" de
served to be- squeezed, aud that they
would be squeezed still more. As Mr..
Willard walked through Exchange
Place towards his office in the Mills
building, about 3 pm, he was surround
ed and congratulated by several of his
acquaintance. He is reported to have
said to one of bis friends that Northern
Pacific would be worth four per cent.
more before evening on Monday. II
was stated that very strong party has
been formed to advance Oregon Trans
continental next week. The statement
WAS that enough Northern Pacific pre-
ferred had been secured to render tho
issue of the second mortgage bonds a
certainty. On this money would be
advanced to enable the company to re-
pay its debt to the Oregon rransconti-
mental, which, in turn, would take up
its hypothecated securities. A commit
tee would be appointed to investigate
the condition of the company's affairs,
and would make report which would
re-ostablish confidence, and in the re-
vulsion of feeling che stock would have
| an extraordinary rise. Well-informed
people consider Monday the pivotal day
in the market. II the market is held
until Monday afternoon, il is consid
cred probable that strong advance
wilt set in. Trustworthy information II
that the Willard party has its securities
SO thoroughly in hand as to be entirely
confident of its ability, not only to hole
the price, but to compel the large
"short" interests to cover. There is {
belief in welI-informed circles that the
woershipper interest is heavily shor
ON Northern Pacific preferred, and vii
be compelled to cover at loss.
The Turning Of the Tide.
New YORK, Oct. 22.-There is now I
regular bear panic. Dealings are at
tended with great excitement. Sinc
noon the market beamed with NOR
rigid advance in prices than at any tim,
previous, the great feature being Ore
Qou Transcoutinental, which, on enoE
nous dealings, rose from 47Js to 49s
per cent. Ii is currently reported tina
prominent operators are selling North
ern Pacific aud buying Oregon Trans
continental. The latter stock is In
position to be cornered, owing to tn
heavy outstanding short interes
Northern Pacific jumped TO 33S ana pre-
ferred to TAN cash and 20 regular; Ore
gon is now up to ~, New York Cen
trail 16, and Union Pacific to S91s.
New Work stocks.
New YoRK, Oct. 22.-Stocks opene
az per cent. lower for Northern Pacifi
preferred, the remainder of the list
1d1k per cent. higher. Leading bear
offered round amounts Of preferred
hence the weakness soon became know
shorts were very little, II any, bette
than saturday. as cash stock Of Nortt
ern Pacific preferred was worth Ice
per cent. moro than regular: kumoI
OF squeeze in other stocks led
heavy buying, and prices moved l1sCd
per cent. Villard's, Union Pacific, an
Northwestern are the strongest stocks
Id. m.-Central Pacific stood 63,i
Northern Pacific 28i4. New York Gen
trail OOss, Pacific Mail 36, Texas Paci
10 IL, Wells, Fargo & Co. Is, Burlingto
: a3sk, Northwestern 2lx, Panama .
Wabash 1875. Union Pacific SIS, Yves
ern Union 765S.
an m.-Near O'Clock a weaker fee