Daily globe., 1883-08-09

EVENING REPORT.
Money market easy at 2@211 per cent, closing
offered at ~ per cent. Prime mercantile
paper 1895 per cent. Sterling exchange, bank
ers' bills steady at $4.S3Z; do. e1 demand,
$4.s71.
Governments Higher for threes, fours and
| four and a halls.
Bonds-Railroad bonds generally lower for
| Northern Pacific frsts, East Tennessee, Virginia
& Georgia incomes and Texas Pacific, Rio
Grande division frsts, lower.
! State Securitee-Dull
Stocks-The stock market was generally un-
| favorable and weak during the forenoon. After
l2:50 the market was quiet until little after
O'Clock, when there was a raid on Northern Pa
clhcs, IN which Oregon Transcontinental was
broken down from "a to 70 in few minutes on
what were said to be stop orders for 1900
shares, though there is for the belief that
thus was not true and that it was only a pre-
| concerted RAID. At the same time Northern Pa
chic declined from 4753s to 46% for common
and from 81 Is to S5s for preferred and Oregon
Hallway d Navigation from 139 to 1876. Texas
Pacific also declined In the same time from 81 to
30 and Missouri, Kansas & Texas from 26 to
| 2515. During this time the decline in the rest
of the market was only from 1f1I per cent.
Among specialties also Alton & Terre Haute de-
| cEned from go 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 stock re-
| covered 15934 per cent. In the last hour the
market was at first steady at the recovery noted
at O'Clock, bat steadiness soon turned into
weakness, prices declining IL the last half OF the
! hour 1s@H per cent, the latter for Oregon
TranscOntinertal from 721s to 71sl, with 81 per
cent. on Texas Pacific to 29sl, q per cent on
Northern Pacific common to 4656 and 1511@
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 Evening 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 az
some of the clubs last night, was that certain
! company had been recently borrowers from
$z,OOO,OJO 10 SO, ,00U,000 n 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
! Oregon Transcontinental just after to-day was
| : 1
| 1900 shares, which Is not believed by anybody,
! the general understanding being the break in
| that and other Northern Pacifcs was the result
! Of prec0ncerted bear raid. Aside from the
above there were also rumOrs OF bank failures
| and various other dlsquietng reports of yester-
| day, the majority oi which are denied to-day
! MINING sr0oKs.
Mining stocks dull: Iron Silver sold at SO,
Chrysolite 1I5, Navajo SO, Robinson Consoli-
| dated 75@72 and Sonora 29O27. Sales for the
| day 31,O30 shares. Pipe Line certificates duh
at l0912@II019, closing on call at 1l91.
The transactions aggregated $4,000 shares:
! Delaware, Lackawanna & Western l7.0O0;
Denver & Rio Grande l 200; Erie 1000; Mis-
sour, Kansas d Texas $500; Missoari Pacific
| 12,0UO; New York Central 1909; Northern Pa
| citic 2l,0t0; Chicago, NiIwaukee & st. Paul
| 5000; Texas Pacific $4,000; Union Pacific
| l5,00U; Wabash, st. Louis q Pacific 5000; do
| preferred 1000; Western Union Telegraph
1900; Oregon Iranscontinental 3G, 0O0; Northern
Pacific preferred l2,0gC.