The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-05-16

There was mucn better ieeling IN the
stock exchange circles early ~ the day, due
TO the action Of the clearing houses and 20
the resumption Of the Metropolitan bank
Prices opened n 6 per cent. higher, the
latter for Michigau central, which sold up to
II. Shortly aiter opening slightly weaker
feeling prevailed, owing 10 the announce
ment OF the failure OF a W. Dmick u o..
This wae succeeded by strong buying Tor
fprsign and home eccount and there was
.ofisrai improvement. Canadian Pacific
rose 10 AZ, Central Pacific l-2 TO ~ Ia,
Chicago, BURLINGTON Il Qnincy IL to lie,
Northwest 2 TO l05 l-2, preiarred l'2 % 1870
IL Lsckawanna 3 TO ll3. Lake Shore 23S
TO 90 l-2. Missouri Pacific Ia to ~. Kan.
sas & Texas 3 s to II 3.S. New York Ccp.
iral PA 10 10 IA Northern Pacific pre-.
ferred ii 10 40 Oregon & Trans-Ccrii.
mental lis to "A | 8, Pacific Msil 3 u 80,
Omaha preferred o to 90, Texas & Pacific ]
s 90 ~, Uuion Pacific % Al. Western
Union 3 3 TO 81 IA. AT the clearing house,
new certificates we're ready for delivery
at An early hour and the banks availo1
themselves 10 the extent OF ST 600 OOO.
The resumption OF the Metropolitan bank
also had favorable effect, a. it set at rest
the rumors that the suspension was OF the
Marine bank character. Buying for the
European account was the special feature
Of the market, and every house with for
eign connections had liberal orders
To purchase. At times during
the day, when me market
speoulat.yn. Tho extent OF this fpfoi1n
buying nlosement was plainly shoNn BY
foreign exchanges. There was lsreefpu ..
ply OF bills than for long time and, the
pressure to sell caused sharp dec(jno 10
rates. Tho high rates O. honey Z. this
centre attracted foreign o., pal and ydins
EvglisS and German iEssitutiorfSs teIe'
grsphed their agents here 10 draw for any
amount In consequence Of the pressure to
sell. Buying stocks for home account vss
also very large. brokers' offices being crowd.
cd with investors. This is usually the case
q ter disturbance like the past few days.
Stocks 20 bought, 1t should be understood,
are paid for In full and taken ont
OF the streets. This operation. aside
from reducing the amount OF stocks to
be carrisd on the street, brings In so much
fresh capital to aid the money market. The
investment by purchaser, therefore, natu'
rally had an important Influence In the di-
rection OF an improvement. just before
the close the suspension Of Fisk IL Hatch
was announced and the market sold oil s
per cent. for Central Pacific and for Pacific
Mail. and l-2 to for other shares.
support In final dealings compared
with last night. Closing prices are 8 per
cent. higher for Michigan Central, 2 IL for
Canada Southern, 3 for Northwestern pre-
ferr d, 25 for st. Paul, l 5-S for preferred,
134 for Rock Island, 9 for Delaware &
Hudson, 5-8 for Lackawenus. for Dem
yer. 2 for Missouri Pacific, 2 1-8 for New
York Central, IA Tor Northern Pscific. 2
for prefer 1.2 for Omaha preferred "a
for Union Pacific, 3.S for Wabash, Ills for
preferred and 1.s for Western Union.
4. he Shore ia 1 l.8 lower Louisville IL
Ma hville 81 and Pac.iio Mail 2 lower.
The Bankers & Merchants telegraph broke
10 4 yor cont. TO IS 3 4. This was due 10
the failure of A W. Dimick 4 Co. Dimick
~ president of the telegraph company.
Transactions, 474 900 shares.