The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-01-18

Speculation opened weak. with decline of ia
for the general list, and Ia for oregon Trans
continental. subsequently there was a rally OF :
n l. and the market was qlite firm for half an
hour or So. About ll:30 \. NJ. IL was rumoIcd
that President Sloan had determined To- hglit the
Trunk lines. and had refused all offers OF afbltri-
ton. This led to an attack on Lake shore, which
broke "a: Northwest fell of q, 81 Paul ., .ouis-
willie and Nashville T., Missouri Pacific 3, North
crn Pacific 4. prcfcrIcd4 4. Oregon TranscCnuncn-
tn y. Omaha :, preferred ]. and Union Pacific q.
Western Union. however. was the weakest spot
and broke l.. on enormous tranactlons' the pears
having concentrated their enrrtS Tor mo-
mcnt against this stock. subsequently they
transferred their attack 10 Wabash, which
broke from 80 for common and Ia for preferred.
The general market. although il Did not decline
much m sympathy, was unsettled. All Sorts OF
uufayOrable rumors. none Of Whlch coulu ne al-
lhcnticaied. were put atOat to accelerate lhe ne
cline ia prices and false reports were sent To many
leading clues stating that various firms and indi-
viduals were i'm trouble. At one time Louisville
and Nashville was the special object % attach ana
Il was rtimoled from tie Exchange that u g large
tran sections IN this stock were accounted Tor by
prominent operator formerly identified with the
properly selling 10000 shares ana ic'ldlng pear
spectlator buying the same The operation winch
was evidently for the purpose of inducing sales OF
long stock. IL understood was mutually
agreed upon by the Spectators IN question. Inc
SAINT tactics were resorted to IN ohtr stocks.
During the last hour of business there was sharp
and active buying movement In the entire llst Nv
leading operators, which carried prices up %tG5
from tie lowest point of the DAY. Atter me CIose
of business IL trauspired thlt the Executive Com
mittce of the Board OF Directors OF the ltA-
ware, Lackawanna and Western Rallroau ,onl :
pany. at their meeting this afternoon authorlzeu
Jay Gould TO present 10 CommisSioner FINK a
proposition 10 arbtrate the matters III dispute De-
tween that company and the roads comprising
the Eastern Trunk line pool. Mr.. Fink accepted
the proposition and Withdrew the order preyi-
ously seat 10 the western roads IN regard 10 the
Lackawanna COMPANY This road Is To enter the
pool and the allotment Of percentage Is la De set
lied by arbitration. IL IL understood the LacSa-
wanna Is 10 name one gentleman, Commissioner
Fink auether. and these Two " third Illinois Cen
trail was the feature OF the market. and rose 10 l5o
on the declaration Of an extra cash dividend 81 per
cent In the final dealings Western Union no 10
10, New York Central 10 ll24. Erie % 70 3, Lake
shore to 955, Union Pacific TO 74h. Northwest 20
l5ai. ~. Paul To 49,. Canada southern 10 ou.'
Lackawdnna to ll6A. Louisville and Nashville
To -. Missouri Pacific TO SO. Northern iacluc
preferred TO 81, Oregon Transcontln' nlal 10 70,
Texas Pacific to ~. Wabash To l6s, preferred 10
2S The market closed strong. Compared WIN
last nights close. prices are 4@l9 higher, except
Wabash, which Is y lower. sale, 49I,UuO shares'
BALTIMORE.
BALTIMORE. Jar uary 17.-Vlrginia 6's, second
cries, 40. Bid to-day.