Morning journal and courier., 1883-07-20
fina1tttd.
NEW YORK. July 1s.

NEW YORK; July 19.
 The strike of the operators and the meeting of the representatives Of the trunk lines about the only topics of discussion the street to-day and consid erabe speculation induged in to the result of both. great many brokers feeling morally certain from what they read and heard that the operators would strike at lost time in unloading their Western Union stock and a considerable amount was put on the market. This caused sharp decline in the price, which at the lowest 2S per cent be- low last evenings closing bid. The stock, however, was freely taken and indications were not lacking that Gould and other strong parties interested in the stock were buying. As consequence on the an nouncement that the strike had occurred 1t was far discounted that 1t had but little effect and those who were expecting the stock to go lower on the actual occurrence of the strike left These parties had evidently been waiting for the stock to reach the lowest figure, which WAS naturally looked for on the announcement of the strike. in order to cover their shorts. Consequently they had to cover at the price then current, which resulted in cry the stock to within s Of yesterdays closing price. The bears circulated numerous unfavorsble rumors about the trunk lines. Some had 1t that fight had occurred and that the New York Central had withdrawn from the pool, while others said the indications pointed to general war between the roads of which the pool is composed These reports were subsequently denied but notwithstandingth they together with the harmony by the bears had the ef feet of depressing the prices of Vanderbis generally Canada Pacific was sold down 45S per cent from the highest point the report that meeting of the di recors of the road had been called for the purpose Of resembling the recent dividend of 2 per cent This officially denied and the decline subsequent Iy recovered on good buying. Aside from the gene rsl list Oregon Transportation dropped little four per cent unfavorabe criticisms the state ment recently made public by the road. Most of the decline was recovered later The general market steadier during the afternoon and under inside buying and general covering of shorts there a sharp recovery from the lowest figures of the morning The closing figures, however, show decline, as rule, < to 1H per cent. compared with yesterday closing. In of the specialties the decline is more marked. Alton ard Terre Haute shares closed 3 per cent. lower for the common and 2h for the preferred; Minneapolis and St. Louis common A lower, preferred 6, Oregon Transportation 12s, gon Navigation l and Oregon Improvement 3; St. Paul, Minneapolis and Manitoba closed < and the San Franeisco shares 1a11 respectively.
 Money loaned easy to-day, rates ruling ct and 25 per cent.
 Exchange closed dull and dropping throughout without ch ange Posted rates 4s44a4ss; actual rates were 4831la4s3X for sixty days and 4S7a4S7H for demand.
 Governments closed lower for As and 4l6s The lsts ter dec ned 5 in early trading but later on recover cd <.
 Closing prices reported over the private wires of BUNNELL SCRANTON, Bankers and Brokera1