Daily globe., 1883-08-09
EVENING REPORT.

EVENING REPORT.
offered at ~ per cent. Prime mercantile
ers' bills steady at $4.89A; do. e1. demand,
$4.S714.
Governments Higher for threes, fours and
four and halls.
Railroad bonds generally lower for
Northern Pacific frsts, East Tennessee, Virginia
& Georgia incomes and Texas Pacific, Rio
Grande division 6rsts, lower.
State Securities
Stocks-The stock market was generally un-
favorable and weak during the forenoon. After
12:30 the market was quiet until little after l
O'Clock, when there was a raid on Northern Pa
cities, in which Oregon Transcontinental was
broken down from "A to 20 in a few minutes on
what were said to be stop orders for 1900
shares, though there is reason for the belief that
thus was not true and that it was only a pre-
concerted raid. At the same time Northern Pa
cihc declined from 4755s to 46% for common
| and from 81 77s to 85M for preferred, and Oregon
| Railway q Navigation from 1873 to 1876. Texa,
Pacific also declined in the same time from 81 to
30 and Missouri, Kansas & Texas from 26 to
| ass. During this time the decline in the rest
of the market was only from 1S@I per cent.
| Among specialties also Alton & Terre Haute de-
clined from 60 to Sc, making decline of per
| cent. up TIL o'clock. just before Oregon
Transcontinental recovered 2 per cent. to 72
and the general market outside of this 81 ock re-
covered 116@34 per cent. In the last hour the
market was at first steady at the recovery noted
| at 2 O'Clock, but steadiness soon turned into
weakness, prices declining in the last half of the
hour A@X per cent, the latter for Oregon
Transcontinental from 7211s to 71s4, with % per
cent. on Texas Pacific to 29%, "a per cent. on
Northern Pacific common to 465s and 16Q15
per cent. on the remainder of the market The
board of directors of the Oregon Improvement
| company declared a semi-annual dividend OF 4
per cent, payable Sept. Is.
| The Ereaing Post says: There is evidently
more than the usual amount of lying being done
/ IN the stock market. One story which has been
| freely circulated, and which was reiterated at
some of the clubs last night, was that a certain
! company had been recently borrowers from
| $z,OO0,0OO 10 S3,O0U,000 IN the way of sterling
loans, for IN sustaining certain stocks In the
market. This is not only positively denied by
| the bankers through whom the loans are said to
have been negotiated, but there has been no eVi-
dence OF any such transactions In the exchange
| market. The sharp and important break in
| reported to be in consequence of stop order on
| 5000 shares, which is not believed by anybody,
| the general understanding being the break in
| that and other Northern Pacifcs was the result
Of a preconcerted bear raid. Aside from the
| above there were also rumors Of bank failures
and various other dlsquieting reports of yester-
day, the majority OF which are denied to-day.
| MINING STOCKS.
Mining stocks duh; Iron Silver sold at SO,
Chrysolte 115, Navajo $40, Robinson Consoli-
dated 75@72 and Sonora 29027. Sales for the
day 31,O30 shares. Pipe Line certificates dull
at 10919@IlO19, closing on cali at 1l9A.
The transactions aggregated $4,000 shares:
Delaware, Lackawanna & Western 1900;
Denver 81 Rio Grande Il 200; Erie 1000; Mis-
souri, Kansas d Texas 5000; MissoRri Pacific
12,0U0; New York Central 1900; Northern Pa
| citic 2l,0t0; Chicago, Milwaukee & st. Paul
| 5000; Texas Pacific $4,000; Union Pacific
| $4,000; Wabash, st. Louis & Pacific 5000; do
| preferred 1000; Western Union Telegraph
| 5000; Oregon Transcontinental So eco: Northern
Pacific preferred 23, ESQ