Daily globe., 1883-06-27
NEW YORK.
Especial Telegram to the Globe. !

lhOl'ON-tsA ASANS SIdAL1 ~ Cll0 dlOU's
New YORK, June 26.-At tie opening the
market was dull and inclined 10 be little
feverish. A break in New York Central
below 119 during the morning, the low
est price for it in years, was somewhat of
a starter. Michigan Central foil to 9415,
Chicago, Burlington & Quincy sold at 123,
and the outlook Of the bulls was anything
but encouraging at midday. The street
was treated TO good deal OF bull talk on
Louisville & Nashville, but il nal no
effect on the price, which changed but
little. The earnings OF the road for the
third week in June show IN increase of
$38.00o. There was some activity during
the afternoon in New York Central, Lake
Shore, st. Paul, Union Pacific, Denver,
and Delaware u Lackawanna,
and some trading in Ohio
d Mississippi at about 33. The decline in
the market for provisions and grain caused
some little uneasiness in Wall street, but
no failures occurred and none are likely to
occur. There was better feeling at the
last in stocks and an improvement
throughout the list continued until the
close. Jersey Central rose from S5 to 8615.
The stock was very scarce for delivery,
loaning at = per cent. Delaware & Lack
awanna was well held all day. 1t is on the
eve of its quarterly dividend of per
cent.
Commissioner Fink reports a meeting
III session at his Office. Everything har-
monious and every prospect that
all difficulties with the Delaware &
Lackawanna will be satisfactorily
settled. Park 81 Co. made an assignment
this afternoon. The causes of last weeks
depression by the failures at the west and
the apprehensi0ns of a war of rates in
trunk line pool have disappeared. It is
believed the financial spprhensions in
Chicago have entirely passed away as far
as the general situation is concerned.
though the grain markets are depressed
under the improving prospects of crops.
Yet these are no sooner gone than the
floods in the Mississippi valley furnish
new cause for fear. The widest kind of
reports are telegraphed east and put in
-Ao-e@NAO-A Og ILIS DedES, anu from Cl0
tenor of some of them you would think
there wasn't dry spot from st. Paul to
Memphis. The street is quick to catch at
anything that will cause $1,OOO,OOO of a
loss, and to-day the bears are working the
floods for all they are worth.
Rumors of Richmond & Allegheny
being placed in the hands of receiver
were being made use of by the bears as a
pretext for hammering the markets. but
the road is an insignificant line, and even
if it had gone into the hands Of a receiver
had no bearing on the general market.
A London special says Mr.. George
Gould has been in negotiation with Mr.
Pender and j. S. Morgan & Co., with ref,
erence to placing Western Union on the
London market. There would, it is said
be no difficulty in forming a syndicate TO
take large block of shares at a price. but
the effect OF the transaction might be that
the stock would soon find its way back to
New York, which is not within the scope
of the intentions of Gould & Green. Mr..
Garrett, of the Baltimore & Ohio. and Mr..
Kahn, of Reading, are in London. Mr..
Garrett and George Gould will soon leave
for the continent. There is lively fear
in London that a contest is impending be-
tween the Grand Trunk and New York
Central.