Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-08-15
kilograms to The Star.
REPORTED END OF THE STRIKE,
GOOD EFFECT IN WALL STREET.
ADVANCE IN PRICES OF STOCKS.
BUT THE STRIKE STILL GOES ON.
THE LABOR INVESTIGATION TO-DAY
HOWLlNG AT OURTNEY.
He COMES IN THIRD IN THE TRIAL HEAT.
A CLERGYMAN SHOT DEAD.
THE FINANCIAL FURRY.
Improved Feeling i'm Wall Street This
IN PRICES OF STOCKS.
BUT THE STRIKE STILL GOES ON.
THE LABOR INVESTIGATION TO.DA7
HOWLING AT OURTNEY.
He COMES IN THIRD IN THE TRIAL HEAT.
A CLERGYMAN SHOT DEAD
THE FINANCIAL FURRY
Improved Feeling i'm Wall Street Thi
Morning.

ADVANCE IN PRICEs-AN EFFORT TO BREAK WEST
ERN UNION AND OTHER STOCKS.
NEW YORK. August Is, 1890 am-The day
opened with an improved feeling in financial cir
cles, and the markets for securities showed an
advancing tendency. Efforts were made 10 break
western Union and other Stocks which yielded
mOmentarllN. but shorts were evidently anxious
to cover, and under their purchases advance OF
= TO 2 per cent took place. the latter in Northern
Pacific common The dealings were large and
attended with much excitement.
FURTHER ADVANCE FOLLOWED BY A REACTION
1:l5 a-m.-The stock market continued strong,
ana there has been further advance In prices.
The Improvement up to the present hour is / to
A per cent, the latter On Oregon Trans-contnen-
tai, which rose to 65. AT noon there was a reac-
ton o. Il TO per cent.
Reported End of thc Tclegraphers,
Strike.
BOOM IN STOCKS BEGUN ON ACCOUNT OF IT.
12:45 p.m.-The stock market IS strong and on
had petitioned Gen. Eckert for work. Round
amounts OF stocks arc being taken at advancing
figures
SCENES ON THE STOCK EXCHANGE TODAY
NEW YORK. August ia large number OF per-
sons thronged the visitors gallery at the Stock
ESIhangs g; this mornng expecting to see the
stock, which closed at a yesterday, dropped TO
1219 on the opening OF the market today. Ii was
feared that railroad stocks would suffer n similar
decline, but these opened at q slight advance on
the closing figures OF yesterday, and soon Western
Union rallied and sold at 731 bat shortly declined
to 7a.
UNCERTAINTY OF THE SITUATION
Several brokers expressed the opinion that no
failures would occur to-day. ana that the reverish
Ieelng would SubSde before the close OF the DAYS
business. Others not SO Sanguine found encour-
agement in the firmer feeling change, but
Thought 1t more than possible that the improy cd
condition was temporary and feared that the day
might bring forth disastrous results. The officers
OF the Stock Exchange thought that there was
foundation Tor hope ana encouragement In the
present outlook. The frm OF George William Bal
lou d Co has not yet prepared the statement of
tne!r conolton. They expect, however, ID have 1t
completed some time during the dly.
ANOTHER FAILURE REPORTED
NEW YORK. August 15.-lt Is reported that F.. C.
SteGman & Co, bankers and brokers, have failed
STEDMAN & CO. s FAILURE
NEW YORK, August Is 80 p. m.-The failure OF
l.. Z. Stedm1n q Co. has just been announced.
The firm has made coas gnment to John McGin-
MS. 1r. The liabilities are small and the firm owes
no one but IFS customers. The failure is due TO a
dishonest clerk, who took securities and hypOtha-
Gated them Tor his own speculations On fictitious
accounts.
The Stedman failure has had little effect on
snare speculation thus far. Prices are fraction
ally lower from the highest point OF the day. No
STOCKS have been closed out under the rule for
their account.