The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-05-22

Share speculation to-day was exceedingly err
ratio. At times the market was positively strong
and again at intervals there we're periods Of de-
preston. Dur ~ HE morning there were rnmors
aoa that certain large houses were In trouble ana
that their pension was likely. subsequently the
failure OF Il small stock concern was made puhlic,
but no other suspensions were announced. The
market opened irregular but lower, and then
advanced 4Gl. Western Union sod I'D l.;
Northwestern |, 81. Paul y, Louisville ana
Nashville p, Lake shore y, Missouri "a
cihc q, Pacific Mall p. a yigorous attack
WAS atterward made on coal Shares, ana fouhd
amounts Of long stock were shaken Out. Illinois
Central broke 8, Reading 22s, Lackawanna ~.
Shares depressed on repO + that the question
Of curiailmcnt of production during June would
Pre- baby result In the disruption Of the coal COM
bination. Reading and Illinois Central were also
afflicted by the issuance Of scrip by the former
company. The general market declined sharp
ly In sympathy with the break IN anthra,
cite coal shlres. Canada southern dropped
IL, Northwestern ~; st. Paul ~, LonisI.llt
and Na'hyile u, Lake shore 80 Ia, Missouri Ns,,E
ern Pacific preferred ~, oregon TranscOn-
tinental Ia, Pacific Mail l, Union Pacific ~, and
Western Union q. The last menlio soon be-
came strong. rising ~, and this changed the tenn
per Of speculation. sharp demand set In for all
active stocks, prices moving np l&@2. In The
afternoon the failure Of the Pennsylvanil Bank,
of Pittsburgh, was reported, and this Occa>iOned a
Trash selling movement. Ii was also rumOred that
an Institution at Philadelphia was In trouble
Reading dropped 10 ~: Western Union fell on e
81 :, Jersey Central 664, Northwest lQ2, ST. Pau
679,, Lackawauna lO43s, Lake shore SfA
louisville and Nashville 3d., and Missouri
Pacific CA. Near 2 i. VI. there was sud
den and sharp change for the better and many Of
| the leading stocks commanded 4 premium for use
| The premium I'm Northwest. 80. Paul, Lacka
| WANNA, Louisville aud Nashville, Lake shore
| Missouri Pacific. Pacific Mail, and Western Union
[ were mo. prominent. ana advanced To the hlghe'
point of the dly. Near the close Union Paclh
was hammered down To 40 by one of the leading
bear GENERATORS. Private advices were received
| from Omaha to the effect that Aman q Adams. o
| the Union Pacific, had found the affairs OF IN
| Union Pacific in a much worse condition than
| was expected. aud they were utterly helpless Il
| improve the situation. OffCial adyices, however
| were exactly TO the contrary. The drop In Uniol
| Pacific caused decline of 4Mls In the genera
| list The market closed irregular with Western
| Union. which was noticeably strong. Compare
| with last nights closing, prices are bG4 highe
! for Canada Southern, Quincy, Northwest, missouri
Pacific. Kansas ana Texas New York Central
| Erie, Northern Pacific. Oregon Iranscontlpcntll
| Pacific Mail. Omaha, Texas Pacific, and WesierI
Union. while Union Pacific IS 81 lower; Reading
Michigan Central, and Northern Pacific preferred
| II. jersey Central 1, Northwest pr ferred ~
| Denver z. and Central Pacific. ~ Paul, Lacka
wanna. Delaware and hudson, and Louisville AM
Nashville a to s. lower. Sales, 10000 shares.
BALTIMORE.
BALTIMORE. May 2l.-Virgnia e's. deferred
7: Virginia cOnsOl, 39h; past-due coupons, 81!
new l0-40's, BIZ; new 3's, o3 BIO.