The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-08-16

Railroads active and firm.
Texas & Pacific incomes, so to so 1-2.
Texas & Pacific grants, 40 1-2 to 81.
Texas &c Pacific, Rio Grande division
IA 1-2.
Missouri, Kansas & Texas mortgages, 75
| Fort Worth & Denver frsts, &C.
Stocks rallying.
| Denver & Rio Grande, so IL.
| Houston & Texas Central, 62.
Missouri, Kansas & Texas, 81 "a.
Missouri Pacific, 81.
Texas & Pacific, 25 IA.
Cotton firm; spots lie off and dull; sales,
81 600; arrivals from Galveston, 365; futu -es
points lower.
Coffee steady; 9.34.; sales, is, 500; futures
10 points higher.
Money, which has been stagnant here for
months past, has suddenly loomed up to.
day. 1t was actually in demand. loaning
freely at per cent. The worst of the stock
collapse is now believed over.
NEW YORK, Aug, A.-[Press. l-Denver
& Rio Grande, 80 IL; Houston &c Texas
62; Kansas & Texas, 81 "a; Missouri Pa
! citic, "a: Texas Pacific, 25 IA.
Money in better demand 4 to g.
prime mercantile paper, to 6; sterl'
ing B. B.. weak, 4S2 3-4; sight, 4S1 IA; 3's,
l03 IA; LES coupons, 112 3'4; as coupons,
llS "a; governments lower for As and
Stocks opened IA to- 1-S lower than the
close last night for the general list of active
stocks, the largest decline being Wabash,
preferred, and Omaha, preferred. Pressure
to sell was at first only moderate, but was
soon increased by heavy short selling di-
rected against Lackawanna, st. Paul, North
ern Pacific, preferred, Oregon d Transcon-
and New York Central, The effect
was to bring out pretty large
amounts of long stocks of the list above.
under which they all declined, carrying the
rest of the market with them, and causing
considerable amounts OF other stocks to be
thrown upon the market. Among these
was Burlington &Quincy, which declined
IA on sales of only about l3, 600 shares
which was probably nearly all long stock
The extreme decline was reached about
1880, at which the decline on Oregon g.
Trans. Continental was Is; Burlington &
Quincy, 2 "a; Jersey Central, -; North
ern Pacific, common and preferred, l l.2
Pacific Mail, 2; st. Paul, l 1-2
Western Union, L Ia: Lackawanna,
/ Is; Illinois Central, ! a.
Lake Shore, 1 3,S; and Wabash,
was general and very rapid recovery by
IL o'clock, ranging from to per cent,
the latter on Oregon & Transcontinental,
to 6l 5-S, and from that time until j
o'clock the market continued firm, and
there was an evident recovery Of conf
dence, not only as regards the day, but also
as regards the prospect for the future OF the
u .Fa
ure due TO the belief that the break was
artificially produced, and that without tie
hammering of the bears the market would
only have continued dull and comparative
ly steady. This was the general
feeling up TO II o'clock, at which
time the suspension George William
Ballou E Co. was announced. The an
nouncement of the failure at first caused a
decline of l.2 10 l l.2 IN the market, from
which it reacted in twenty minutes l-2 TO
1 7-S, the latter for Lake Shore. At 1890
the market was at the highest prices of the
day for a good many stocks, and strong but
teverish The total sales up 70 1890 were
about $50, ,0OO shares. After 1890 the market
was at first stronger, and there was an ad-
vance Of from IA TO l "a, the latter for
Oregon e Unconstitutional. 10 6l s, with
there was a decline Of IA TO l Is, the
latter on Oregon & Trans
with 13s on Wabash
preferred, on Northern Pacific,
/ on Union Pacific, "a on Wabash com.
mon, and less than 3-s on the rest Of the
list. These changes left the market a little
lower than at 1890. The majority OF the
stocks closed out were bought in on short
account, and Ballou d Co. state that the
great bulk Of their liabilities were on short
sales. The feature OF the market in the last
hour was a decline Of 3 Ia per cent. IN
Western Union TO "a. This was a puzzle
to street brokers, as the stock had
been pretty well sustained all day,
the largest previous decline being
is in tine earlier part Of the day. The ex-
PLANTATION gwen tor the break was that
number Of stop orders were In the market,
which fears we're discovered after the bear
pressure was removed. The market moved
10 again before the close. Western Union
recovered is Of the decline In previous
half hour, and the whole market declined
in the early part Of the last hour l-2 10 II.
In the final dealings the market declined
Is TO IS. the latter for Western Union.
The net result Of the dave business is an
advance over the closing pricss Of last
nj ght Cor a great majority Of stocks. The
following stOcks were higher at the
close to-day than Yesterday. A.
ton & Terre Hnute. ] 81; Union Ps-
cihc, IL: Colorado Coal. ia; Cisre.
NnNlNIa N AII|ILIlI| aINHs
is4: Central Pacific, IL; Nes NOrs
Central, Is; Northwestern and H7ct
Island. 1 30 s.. Paul. 5-s; Ouaha
1: Manitoba, 2; and Wsbash.
lis. Aside from these mentioned all the
changes. up OF down. were only fract ionai.
The Evening Post says q majority 0f the
operators are inclined % The DeIief the
market has touched bottom, o. least Tor the
present. though b IL apparent t s
nov more subject % manipulation
than 81 any previous time for q year. and
though there is nothing In the general ste
Of bushes - cause any very general de-
cline. some violent fuctuafi0ns are Hksiy
70 b. eaLssd jet by artificisl
means. The widest rumors we're
current as 20 the extent Of the fsiiurs Of
BaIl1u A Co. and its csuss. Al the ufics
ui the firu one Of the partners said Their
NeW Eurland customers hsd failed % re-
spond - tseir cells for margins. As - the
extent q TIE failure, no inf0rmati0n could
os gaiDed from the frm, buf on TIE fo1r Of
the stock erchanEs Il was beliered
500 90 worli allyu the hDuss 20 c0ver ifs
iosses. TIE frm = very positive IN declar-
ina everything vil - riEht 81 son e. the
ruetrrne-s 60 - r-artsd and that tusi ness
I'll b rs~uned within . dsT o. tva. Hary
firri1 trofers. who rnsds q wilt rust from
Bod street tCwa-d Wal street IN c-ier 70
- tf.s t-utt frcrn ths fru. telievet he
uu-st e. rI-efired yeEe-dny ~ tts te.rs.
e. ~ fral crlErss - tte uarFst was
at.rrf - fnrren- Freterirr IL Atrrlt
srfr - l-r|frf urrr rr,-dnTan furi - IL