National Republican., 1883-07-21
THE MARKETS.
Gould Reported to Have Taken the Entire List
on His Shoulders.
A Dull and Unsettled State OF Affairs En-
gendered by the Strike.
GOSSIP OF THE DAY.
Sp,cj0l DiSnnich


NEW YORK, July 20.-About the best class
of traders in tho market say the current has
unquestionably been permanently turned up.
ward for or A per cent by Gould. lie turned
the market before when q telegraph strike
occurred, aud his brokers began buying yes
terday when the operatives struck. 1t is said
he bought 10000 shares Of Delaware and
Lackawanna, a great deal of Nav York Cen
tral, st. Paul, aud tho Southwestcrns.
Woerishoeffer and Smith bought Western
Union, and Charles Johnes bought lot of
various stocks for Gould. II is claimed the
bottom has been reached for this week. The
brokers arc very bullish, and say the market
began hardening on Wednesday, and it be-
haved very we'll, and better than OK
pected. The trunk limo meeting
yesterday was harmonious, and it is claimed
there is no danger of any serious misunder-
standings. The most selling OF stock yester-
day, so the brokers report, came from timid
bulls, and the biggest buyer was Gould, who
took everything offered Henry Clews & Co.
bought in about $4,000 shares Of short stocks
when the market was lowest. The telegraph
management say that the operators who
struck were the talent of the profession, and
they expect, upon second thoughts and q
fortnights vacation, many of them will re-
turn to their desks. The supply of first class
operators is very small, and Western Union
is indisposed to adopt such measures as will
drive them out of business. On the other
hand, the operators appear to know what they
want and how to get.it and it threatens to be
q long and dragging trouble, and u compro-
mise seems to be tho only solution.
The press generally support the operators,
WoerishoeiFer says but for Gould's purchases
of stocks yesterday the market would have
drifted into q panic, and he doubts if the bulls
now can hold it. He bought 1000 Western
Union yesterday, because he knew it would
be sustained, but 30 long as thore is no de-
mand for good bonds there cannot, he says, be
genuine improvement in stocks.
The market opened dull and quiet, sterling
was reduced by Brown Brothers to Asa to "a !;
Jersey and New York Central lent fat
Lackawanna at l, the others at q money
ut %.
Northwest rose l point on buying by Edey
and Vermillye; Stockwell bought Lake Shore,
and Brayton & Ives also bought. Slaybacl
offered Oregon Transcontinental Erie is in
better demand, but there lis small trading
The Chicago 1ribluies crop reports say the
prospects from the new Northwest are still
coming forward, and the weather in northern
Iowa favors the grain. Tho prospects are
best ever known. The cool weather for the
past couple of days has checked the too rapid
ripening.
dispatch from Allentown, Pa, says the
telegraph strikes have extended to the line
men and construction gangs and the builders
of Western Union in that vicinity quit this
morning.
A leading operator in the market who has
been buying stocks for two days believes the
upward turn will become too strong for the
room traders, and tho result may be an adj
vance of 10 per cent. There is more conf
dence in the room to-day and the Western
Union.people declare they are now able To
handle all business without material delay
The trunk lines meeting progresses harmoni-
ously.
The EUeniiig Post reports about half the usual
force of operators in Western Union Office to-
day and many of these inexperienced. Local
business Is practically suspended, and al
kinds of kilograms are greatly delayed. Both
strikers and the company profess confidence
The principal buyers of New York Con
tral on the second call were Colbourn
Coombs, Thorne, T. johnson. The seller:
were Enos Walsh. Breese & Co. bought
Lake Shore. Walsh and Scranton IL Willard
sold it.
REVIEW
Tho room was dull at the opening, and
traders continued bears, but there were only
light offerings Towards noon u better mar
ket prevailed. Henry n. Smith and his fol
lowing commune DulllSn DuU qulSU. SmltI
believes the market will soon advance ter
points. The report of harmonious confer
ence of trunk lines helped the market, and
the Western Union people declared they were
now handling business without much delay
The Reading company business is very lively
and they refused large coal orders for eastern
shipment yesterday. Sterling was reduced
to Asa and z! stocks loan; New York Cen
tral and Jersey Central fiat Delaware at
and others AT 2; United States bonds wer,
dull.
After 1890 stock were strong, but it wa
noticeable that transient holders taxi immedi
ate profits. There is no selling by investor
and the situation of railway and telegraph
affairs is not regarded as unfavorable Or
the second call stocks weakened. Harmed 4
Gattman sold 5000 shares Erie. james solo
it too. Flower bought Western Union. Late
there was q Smith Il Morgan deal in New
York Central and Lake Shore, but 1t wa
only soda water" rise, and the marke
speedily dulled. Denver was weak feature
and sold down to 80. The market has been
sustained in spots to-day by Gould and
Vanderbilt. Northern Pacific and Ore
gon and THnscontinental were pressed
for SALE and the latter fluctuated more thar
any other stock on the list. At 2:15 it wa
sold down to 76t but quickly rallied. New
York Central was we'll sustained, especiall1
after the second call. In spite of tho bolt
front OF Western Union officials it is prett.
generally conceded that they have been
greatly deceived as to the magnitude of tin
strike OF the operators, and doubts arc OK
pressed as to the ability of Gould to sustain
the stock much longer. The market close
ScpiIlY firm, but dull
~ LoNDaN, July 2O.-Eries higher NeN
York Central highor Illinois I higher
Wabash preferred l lower; No. 4Ps 5-1
higher.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wir
reports received by Bateman Il Co., bankers
No. 14l1 L street northwest: