Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-07-19
Mean temperature. ... ......"......-'
NEW YORK STOCK MARKET.

NEW YoKE July is.-The stock market was
dull aud weak today. snd under the bear
attacks 10 became more e,trve aud pricss rs1 on
materially through large pOriioa OF tha lieI
There WAS n marked absence u the larger COM
mission broken. and as many OF the leading
bun OpsrstOrs arc away AID the smaller cIses OF
operators are i0diepossd "a laks hold, tho condi-
ton invited the sttsck and the bears made the
most OF the opportunity. though long selling
not wanting, especially in the carrier portion
OF the DAY. Tho Nsrket opea~d Irregular. and
The liquidation Of loug stO1S made weak AM
fererish tone, ard tbc sugar trust LED on
with a drop Of 2 per cerx 70 los In tho
regular list. there was slso decided weakness,
and the rumor that there would be no Dividend
on Northern Pacific preferred Wa the occasion
Of = decline Of 0vOr l per cent ia hat stock
The stories whth accompanied The slump In
Manhattan yesterday were 10 ade the bssss Tor 40
attack upon New England, the Argument being
that II the proposed extensions OF AAnhaitsn
we're 70 b given, there could DO no conneotion
with New England and that the road would not
be able 70 reach Now YORK. New England loet
nearly per cent Oh this. AvhSOc. which had
been very veil held, next gsve way. IL decrease
IN earnings f0r the trst week tn July causing
some selling Toward noon hoveysr. the bears
made their great attack Of the day, snd me
Grit poipt vas Oregon rrsnscOurncn'aL winch
was quickly knock ~ down 10 Bh against y last
evening. Richmond and West Point Wa next,
ami the ease with which II ran on va- de-iied
surprise 10 the stree - pccislly as ihs earnings
for the arst half-y AR ehow an Increase over
those % last year Of over half million There
was absolutely no support az nrst, asth insiders
have boon paying attention 20 the market into
rests Of ato,k aud stop-oriers we're soon reach
81 which Accelerated the decline, and Is drnppe'
to t9s against rs. last evening. The break In
oregon Trsnscontinentsl extended 20 other
Willard stocks, and the ease Win when
Tie other stocks yielded encouraged the attacks
upon Grangers and cosler-, aud Missouri Pacl-
nc, Reading ~ Paul, Union Parinr. lacsawan-
ma, and Lske shore werc all forced OF over
per cent The lowest prices wero generally
reached toward o'clock, but 10 e1ort IVES male
10 stem the dcclino. though Ri-hmoud and Nesi
Point ana Oregon ireusconunentai had fe-
bounded from tho lowest ngures A. mat ufna.
howe Ter ruinor WAS circulated that negoha-
fiOns Tor the purchase OF the Burlington and
Northern by no chicago. Burlington aud GUN
- had been concluded, and tho tide MAS imme-
diately turned ia 81 upward direction. The r0-
action was sharp aud the covering Of ehorH A.
sum0d lhrgr proportions, and Doioro iho close
ogerything except Oregon TrsnacontiDeniaL.
shich remained sluggish. had recovered nearly
10 opening prices no ciosO was acNVn an
strong generally al fractions under nrrt hguies.
Alto. an es'ly drop m sugar trusts. trust
stocks we're quot and nIctustei With'a narroF
limitt Total sales, OCO ehares. The oniy I'M
portAut change Is "a drop Of ~ IN Oregon Trans
continental
srsitn0. Exchange dun aud steady at 4S'a
49,, Money eSsy 81 24A8 sut-lrasuTy oh
ancos -6old. slti.E7, 80: currency. R,'6-,hV.
dovoronsnts dun and steady As. fper oenis.
Is -. iuA -, coupons lOo'r stale Dohos