The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-08-14
fec. the shrinksge is noticeable in ell re.

tsct the shflnkSge is noucaaole IN ell res
dividen paying stocks.
New YorK, 80, p.m.-It is rumored
that Gould has ben selling Oregon
Trans. Continental from 70 down, and
The present break is due to HIM leading
the bears. 1t is stated the pressure agailet
the market will not bs removed till divI-
deud p yers break. Foreign exchange
has been educed Asa to Ala.
NeE York, Is Governments love-,
for 81 and AS. The stock market opened
very nervous and from II to - per cent
l 2Wer than the closing prices OfSAturdsy.
There was Immediate and active selling
~ good many holders Of long stocks,
IS well By buYe S, and the fl rst 50 min
utes there was further decline, which
ranged from g to 81, the latter on
Omaha common to 3715 For the next
Is minutes there was firm feeling and
there was a upward reaction Of u
to ~. later, Western Union to
II. Part Of III was a recovery
II II to 81, the iatter on Jersey
Central. Oregon s. TFaps-Continen al
was, however, last, the next twenty min
utes, though the market remained crm-
psrsliyaly steady at 1880 O'clock, and
some stocks were run M to the opening
price Of the dag, viz: d. L. & W., w.
o., st Pau healing, New York Cen
trail, Missouri Pa inc, Q ,nsds Pacific
and D3nVer. All the other stock were
! lower than Inc opening prices and all the
stocks IN the list were below the
closing prices OF Saturday, The
| force which was directed against
she Oregon and TrsnsCe tinentsl
! which WAS steadily ham mered, by sA'es
/ Of about Il coo shares. from Gal 1T 1870
down to SO at about 80, but from
} which it rapidly reacted, by 2 O'Clock, to
81. Outside of THE, the stock decline 10
| the hour to so o'clock 10 Z to II per
cent lttter, Gentrl' Pacific to 6212;
Northern Pacia Drefsrr ID par cent to
| 70; rs on common, to t95s q on Union
Pacific to S63; IL on Omaha, 10 362; IL
or Texas and Pacific, to %; St. Paul ~
to 99A; Western Union, 15s to 1881 on
Canada Pacific, to 52h; N on Kansas
81 Texas, to 2iz; per cent. on Denver,
to 81, per cent. OH jersey Central, to
81; II TO Is on the remainder of the list.
From these extremes OF decline there
was pretty general recovery before 2
o'clock, which, in the case OF Oregon q
Trans Continental, as stated above, was
/ per cent. and from u to l7s on the
remainder OF the list. The
recovery, however, left prices largely
below the prices az II 80. Iu the last
hour, the market wss at first weaker, and
there was furthe. decline OF per cent
on Northwestern, and Il to 125 on the
remainder OF the list. Later Northern
Pacific preferred to 1873, st. Paul 10
985s, and IL on Greg GU.
From the Evening Post: The furry in
the stock market which has now been il
progress for three days, has unques-
tionsbly been brought ebout mainly
by efforts upon the part Of
interested parties, to create an alarm
about the general situation Of railway
finances and the failures Of mercantile
houses and banks in various parts of the
country, and undoubtedly increase the
feeling of dislrust that has been prevalent
for three months. These circumstances
probably would have esnsed grsdusl
decline 10 the prices Of stocks anyhow
by the rumors referred 10. and have pre-
cipiss ted the decline.