Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-08-07


NEW YORK, August THE Posts financiaI ar.
ttcle says: There was active selling movement
In the stock market ia the forenoon, which az
times Was almost pancky IN the enjeayor to get
ri OF stocks. The moving cause OF all this was
mainly the apprehenslons or the consequences ot
the Ielegraphars strike IL ia agreed thai whether
the strikers succeed or not ia their demands the
strike VIII have caus large los es TO the Western
Union Telegraph company by the loss OF business.
would require all tue support that Mr. Gould and
his friends could give Western Union. This he
other of his stocks notably wabash, which sold
down TO l9 The apprehensions or what might be
the result OF the endeavor 10 support Western
Union had demorallZng effect on the rest OF the
market which was most marked In the decline or
24 on oregon ana TrdnS-Continental, . Per cent
on Texas and Pacific ana Kansas and Texas tx
on Wabash preferred, q on Missouri. Pacific and
Denver III on Jersey Central and Canada South
ern, ~ on Louisville and Nashville and Norihwes.
tern. and per CT on Cent? Pac., ON iha pr'fd and
Northern Pacific preferred, all other declines
being fractional From thes. lowest prices
Was recovery before l2 o'clock OF 1 TO :. on the
general list and ~ on Wabash common. The re.
covery In Wabash Texas and Pacific. however,
was only spasmoiic, aud they afterward declined
again to nearly the lowest prt eS, while the rest OF
the market remained comparatively firm. All this
time Western Union was rrlnly held up. anc at no
time was allowed to fan below the opening price.
This fact aided largely restoring some degree or
confidence, as IL was evident that the trepdaton
or the market was largely due to the fears that
Western Union would not be maintained. \ NUM-
Der OF the dividend payers were equally VIII sus.
tion or apprehensiOns in their Cases The general
market Tor railroad bonds was dun and did not
synpa'hize with the decline IN the stock market.
The principal business was in West Shore and
Buffalo IS. which were i4it, 731. and Texas and
Pacific lRio Grande) IS. at .Ss, 7''s, 7s. rs State
bonds were duh, though there q sale or North
Carolina consolidated Is at ~. Government
bonds were - lower for The ANS
Iron and Steel Workers in Convention.
PRESIDENT JARRETT's OPENING SPEECH
PHILADELPHIA, Pa. August 7.-The national con-
vention OF the amalgamated association or iron
and steel workers was called to order in the as
srmbly buildings, at 10Th and Chestnut Streets by
President John Jarrett, at l0:30 this morning.
President Jarrett made a briel address, congratu-
lating the delegates unon the strength and pros
perliy or their aSSocilt and expressing his
hope that not only the deliberations but also the
example or the convention would be fraught with
advantage 10 the workingmen OF the country. He
said that this city, the cradle OF American liberty,
together to secure justice and resist tyranny.
President Jarrett was heartily appl uded. The
convention then went into secret session 10 effect
One hun ired and sixty-eight delegates, besides
the Is officers or the association, answered 10
their names and presented their credentials
There are ass lodges In the order aud It is expect
ed that many more delegates Will arrive during the
convention An rev Lee, vice president OF the
the address or welcome, 10 which President Jar
rett replied. He spoke hopefully OF the prospects
lehem expressed his hope that victory would soon
be won by the strikers After his address he In
Cr00uceO L. d. MC0ulft, Vi NtW kCutTdl StC>
retary OF the carpenters ana Joiners association.
Mr.. Mcguire spoke at some length. His reference
TO the strike OF the telegraph operators evoked
rounds OF applause.
SYMPATHY WITH TIRE TEIeaRAPHIc eTRrkERs.
Delegates r. Z. Powell and Wm Robinson pre-.
sented the following resolution, which was adopted
by rOusing Ufua uOce vote:
Be resOlred bv TIE National Lodge or the Anal
0asnated Association or Iron and Steel Workers tH
convention assembled. That we do hereby exten0
to striking brothers OF the eleRraphers broth.
erhood our sincere wishes for victory In the pres
~ent struggle against monopoly. ana We do hope
|that ere many days victory TO the telegrar
pliers viii be noised all over the nation.
Upon the adoption OF this resolution three cheers
were given for the telegraphers and also for The
Bethlehem strikers.
President Jarrett Will probably give In hts 40
nual report this afternoon or Tomorrow morning.
The Officers OF the convention the general ON.
GERS OF the national association. lt was decides
TO hold sessions from O'Clock until - noon, ana
from 3 .. 10. until 8. The doors were e>Opened a.
about l2 O'Clock. and the c0nventaoo ad10uroeo
till p. 70.