The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-10-23
by Telegraph.
NEW YORK.


NEW YORK. October 22, 1888.
Inc stock market opened active and excited.
The first sales Of Northern Pacific preferred were
at COY aud 59z against 81, NJ the close on Satur-
day; but other active shares were an highev I'm
the early trade Northern Pacific common ran of
to 2oa against 27@27s at the opening. The dull
ness IN these shares was due to bear manipulation
entirely. II being taed that prominent opera
tor ON the short side had borrowed round amount
Of preferred stock and offered II at easy rates with
a view OF creating the impression OF being more
Plentiful and not wanted owing TO the closing of
the books the weakness was Of short duration.
Before 1880 A. VI. strong buying movement
set In, which gathered force AS the morn
ing advanced. Wizards were the feature, adj
vancing 81 for Northern Pacific common 10 3ls
The cash sales were: Northern Pacific at 27aG
26IfG274; preferred. b34m62G 82im SO. The
sharp rise and activity in these shares caused "A
general rush 10y the bears for active stocks and The
excitement at one time was intense. About mid
day there was regular belr-panlc. and shorts. IN
their anxiety to cover. rushed prices up on them
selves. II was rumored IT THIS time That Union
Pacific, oregon Trdnscoutinental and other heayi
ly-Oyersold stocks were 10 be twisted. Canada
Southern rose IL; talada Pacific IL, to 5O@'
Central Pacific II, 10 CAS-: Northwest Ia 10
1908: 81. Paul IS. 10 95t: Lackawanna ~.
70 l14B; Delaware and Hudson ], 20 iO3'
Louisville and Nashville %, To 4SH: Lake SHORE
Ia. to 064: Michigan Central 2. to 81; Missouri
Pacific "a, to 934: jersey Central 2, 20 So; Erie
Is, 70 20: Omaha preferred II, TO % union
Pa inc IL, to 50; Wabash |. TO 1917; Western
Union Ia. to 76h. After l r. NJ the excitement
subsidized. and there was reaction OF az In me
general list md 2djs IN Wizards. Northern Pa
Ciic sold down Ia 30. preferred to 81 - and ore
gUn 1ransccntinental TO AZ. The reaction was
due 10 ieallzatious. Toward p. W. another buy
ing movement set I'm. and Western Union moved
up 20 1856. Oregon TruscOn iuenoal 20 4Gt,
Louisville ana Nashville to 49,. Union Pacific
20 50, Northern Pacific 10 500. Northern
Pacific preferred 70 g., Northwest 10
20A. In the last half hour the bears vigorously
att cked the whole market and depressed prices
to "a IN the general list. and 44d9 IN Wizards.
The raid near the close was engineered ny opera
tors who had pecn prominent Oh the bear ,ido Tor
some time past and are de irous ~ checking tie
improvement before pub!lc sentiment changes to
the bull side. On the Oher hand Is reported that
the bull party In Northern Pacific intend 10 follow
up their movement in The stock. and hence encOur-
age short sales. lmpOrtrnt developments are eN-
pected in Oregon Trnccun'iuenttl. and !;
j. stated that powerful syndicate has
been formed In the stock. Compared Wlth
saturdays closing, tr'ces are 2@lh higher
for the general list; higher for Northern Pacific
JOY; 49, for Oregon IrnscOniinentll al 424
while Northern Pacific preferred is ia lower, AZ
6l7s. st. Paul and Western Union are unchanged.
In specialtcs. c.. C.. G. and l. sold up %, tO So:
East Tennessee preferred j, to 49, Indiana.
Bloomington and estorn J. 30 81; Nashville
and Chattanooga 50. T. So: ~. Louis and San
francisco preferred /, To 10; Colorado Coal =. 20
49,. Manhattan Elevated fcil or 10 a. do. new
20 49,. Metropolitan Elevated declined 20 90.
Transactions, $4,000 shares.
BALTIMORE.
BALTIMORE, October 22.-Vrginia G's past-due
coupons. 40: new lO-4O'-. 80: new 81, 5lS.
North Carolina 6's. old, Zoe. Bid.