Savannah morning news. [volume] (Savannah) 1868-1887, 1884-01-27

SpecuIation on the Stock Exchange opened
quiet In the first sales prices declined 1s954
per cent. for tn" general list and yer cent.
FOR Northern Pacific preferred and Oregon
Transcontinental. Oregon Navigation, how
ever Ouened IL per cent. higher and fell OF
~. Before the first call the decline was re-
covered. and at nOnn the market was strong.
with Lake shore as the feature. the STOCK nav
ing sold up to $751;. After midday a sharp
RAID was made on Canadian Pacific, the price
being forced down rs per cent. Northern Pa
preferred il, Oregon Transc0ntlnental /. anu
Oregon Nay CATION pa per cent. The decline
In other active shares was Enmportant. In
the afternoon the market gradually hardened
until the last hours b sinesR. when great &C
tivitv prevailed and large blocks OF all the
Leading stock changed hands at rapidly adj
V nCinC prices. The chance in the TEN er n
speculation took the bears" completely by
surprise, and the market vas consider bly,
higher before thew were able 20 buy man
stOc 10 cnv T. The advance from the low
est point ~ he day ranged from .9'93'3 per
cent. outside OF Oregon Navigation. when
rose - per cent. Northern Pacific advanced
256. preferred 3. Oregon Iran~c9nu neh,4I 80
canada southern :, Central Pacific -, North
west IL. prefer ct 20 81 Iaui 2, LdC~a-
wanna Z. Louisville ami Nashville "a, Lake
shore ~ Missouri Pacific ~, Kansas and
Texas -, Pacific Mail y. Manitona 80
Ontns ~ Bref-rred ~, Union Pacific rs
W bash preferred ~, and Western Union -
nor cent The heavy buying movement dur
ing the afternoon WIS due 10 dispatche- from
the IS est that the representatives or the Chi
ragn Burli ngtOn and Quincy. st. Paul. Union
Pacific and Rock Island, at Il private confer
pDce held ia Chicago last night had practi-
caiiv settled all questions in dispute. and also
that the passenger and freight war on Utah
business had been terminated, and that the
rates would be restored on Monday. These
advices impaired 4 buayant tone to specula-
ton and gave great confidence to the bail ac-
cOEnt. A sharp rise IN the stocks Ot the North
ern Pacific system wac due to the announce
ment that oregon TTauscOntIaental had conf
pleted arrangements for all money II needed.
some urOmiaent railway capitalists and bank
er5 having agreed To furnish the same. After
receiving this financial ali the Oregon Trans
continental Company this afternoon offered to
take up a number of it's loans, which are with
Germans, bui these parties are largely on the
ruritIes lOlg with them by the Oregon
Tran-continental as collateral for money
loaned. In this way 1t Is believed the enor-
nous short interest has been entrapped, which
may have an important bearing on he mar
ket next week. Pacific Mail advanced re-
ports of Il dividend shortly t. be declared
Every stock an the list shows an advance.
Compared with the closing quotations Of
Yesterday Oregoa Navigation was up 81.
Oregon Improvement 3 =. Oregon TrAnscOnti-
Lake Shore amt union Pacific IA. Missouri
Pacific and Kansas and Texas "a, Louisville
aud Nashville Chicago, Burlington and Quin-
Pacific common, the Omahas and Northwest
] per cent. sales aggregated 41l.OoO shares.
the market closing at The following quota