The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-09-09
by Telegraph.
NEW YORK.

NEW YORK, September g. 1888.
Speculations at the Stock Exchange to-day pre-
scntcd n marked change rs compared with The pre-
yiOus DAYS Of the week. In the first sales the mar
| kct dropped y to 81, Louisville and Nashville,
| Michigan Central, Northern Pacific oregon Trans
continental, and Reiding suffering most. In the
| first hour. however. there was recovery OF 10
| IL. Northwest leading. This was again followed
by pressure " sell and still lower prices for many
shares The decline from last nights closing
ranged from 10 81. Nander5ilts. Changers, Dem
yer, Louisville and Nashville, Northern racine.
oregon Transcontinental, and Wabash preferred
being particularly weak Michigan Central sold
down 10 S2li Canada SOl'hern TO 53s;. Lake Shore
% l01A, New York Central to 1l6. Northwest TO
I2jH, st. Paul to 1o4h, Chicago, Burlington and
Quincy to i2ik, Omaha TO 4 IL. Omaha preferred
10 IOSS, Northern Pacific TO 40, Northern Pacific
preferred TO IA, and Wabash preferred to 334. At
the close some shares rallied To i, while Others
sold at the lowest figure of the day. The depres,
sion was due to reports that the Gould party woud
not enter the Louisville and Nashville directory;
that President Rutter, OF the New Y 0rk Central,
had ordered rates reduced 10 whatever figure ne
ceSsary 10 obtain business, aud that the corn crops
had been seriously damaged by frost Ihe Two
In regard 10 the alleged damage to the corn crop
opnions differ wi dely, some houses having private
wires beine In receipt OF telegrams predicting me
word that tic crop had been seriously harmed. IL
was said that the reaction was partly due to yes
terdays heavy reaZations and 10 the fact that the
bull leaders themselves encouraged sales in order
TO force out small holdcrsat least Brokers identi-
fed with those who recently were on The bull SIDE
were active 1iTSl III depressing prizes
prominent among the buyers during The afternoon
IN specialties American Cable declined l, TO G44;
Chicago. ST. Louis and Pittsburgh preferred i. 10
a.; Indianapolis, Bloomington and Western IL.
10 20; Manhattan Beach L. to 1S; Memphis and
Charleston 81, to 40; Minneapolis and ~. Louis
prefeWed %. to 504; Norfolk and Western pre-
ferred i. TO 81 Peoria l. 10 131:; Pullman Palace
~. to l29; Minitoba IL, TO 1854; and Colorado
Coal IL, to 2lit. Bankers and Merchants Tee-
graph rose X. 10 1909. and Ohio Central y, u ~.
The sales of stocks for the week amounted TO
2,534,l76 shares. against 2,29O,974 last week
an increase of 223.202 shares. Transactions to-
day aggrega te1 442 900 shares.
The exports Of specie from the port of New
York for the week ended 10 day were s45O3e0.
The total since January LIST was slO.069.s60.
against $42 $780, 6S for the same period in 1882
The imports of specie for the week were S225,4S0.
The total since January was SI0,670,39S. against
e2.4SO,g4I for the same period last wear.
The weekly exhibit of the New York city assOci-
ated banks was unf;lvOrable. showing loss in sur
plus reserve of sl.736,525 and an expansion In
loans of Sl,7u9,700 and loss in cash of l.947,
400. The banks hold s4.fS7,500 above legal re-
quirements, against deiciencyOf flSs2.275 for
the same week last year. The statements reflects
the movement of currency TO the West and south
TO assist the movement Of the crops.
BALTIMORE.
BALTIMORE, September S.-Virpnia 6's, con-
solidited, 81: pasi-due coupons. 43; new
10-40's 50; new SIS, 50H. Bid to-day.