National Republican., 1883-08-09
THE DAYS GOSSIP.
Special Diapdtch.


NEW YORK Aug S.--A member of the tele-
graph strikers association, says that the re-
fusal on the part of the brotherhood opera
tors to join their ranks has to great
extent demoralized the union, and that
many Of the men appear anxious TO re-
turn to work. From present appearances
it looks as If the backbone of the contention
is broken, and it is not improbable that within
few days tho strike will be numbered among
things Of the past.
Advices from St. Paul and northern and
western sections say that the outlook for
agriculture is very encouraging.
The amount of wheat for export is so per
cent. greater than in 1882 The wea ther
throughout the northwest is cool and pleas
ant. Growing fields have been greatly bene-
fted. There is no doubt that with the settle
ment of tn telegraph trouble great obstacle
to a rising stock market will be removed.
The reaction which set in yesterday has done
much good. Brokers identified with Russell
Sagos Office made purchases of the general
list Mr.. ID. p. Morgan says he feels that the
market may turn at any momeut. He be-
lieves that the bears have had their day, and
for their own protection il is necessary to re-
store confidence in the market. Mr. Smith is
simply trading, and says that he has no Opin-
prices. He believes that they will rule within
short time.
GOSSIP OF THE STREET
Notwithstanding the reported strike of the
telegraph operators on the railways yester-
day, dividend paying stocks were little ii at
all affected by the furry that pervaded the
ranks of the "fancles." The firm closing
yesterday led many brokers at tho Branch "
to express the opinion that to-day would wit
ness a rally. 1t was argued that the back of
the telegraph strike was broken, and the
telegraphers had received very bad black
eye by the practical refusal Of the railway
men to join their ranks, and that another
week would witness the end Of the great
strike; that the financial atmosphere in
the east was gradually clearing
and confidence returning. The Gould
shares which were the weak features of the
market yesterday were better sustained at
the Close Western Union particularly so.
Kansas and Texas and Texas Pacific were
active and feverish all day, and were about
the weakest OH the list at the close. Aside
from the Gould shares the only notably active
stocks were Northern Pacific and Oregon
Transcontinental. The latter displayed much
weakness, and it was darkly limited in bear
circles that it would touch II before 1t did
76. They (the bears) insisted that New Eng
land holders would unload large quantities
of the Northern Pacifcs and Oregon
Transcontnental, and that q tremendous
liquidation all around, which would begin
soon, would make present prices look high
before many days.
At the executive meeting of the Western
Union directors to-day the earnings of the
company decreased Is per cent for the fourth
week in July. Mr.. Gould was present at the
meeting.
1t is stated that the Denver statement for
six months to June 80 shows small surplus
after fixed charges are paid. The floating
debt of the company, including all bills pay
able, does not exceed 81 l,250,OO0.
THE MARKET REVIEW.
AS was expected after the firm feeling on
yesterdays closing the market opened firm
without quotable change in prices. Western
Union advanced to 79s Wabash common to
21s, and the preferred to 1863. In a few
moments after the opening, however, a de-
terminded raid was made on the Northern
Pacifcs and Transcontinental by the Woeris.
hoeffer party led by Johnes, Slayback, and
Kirkner. kirkner offered the stock at TO-
seller CO. and in a short time it went off from
74t to 704. A stop order for $500 shares Of
Northern Pacific preferred was caught at So
1t was rumored in the afternoon that the
telegraphers were returning to work in large
numbers, but the rumor was atterward denied
by the brotherhood.
The rise toward the ending of business
yesterday turned out to be caused merely by
shorts covering, as after opening slightly
above closing prices the market gave way
and the prices recorded in the Southwestern
and Oregon Transcontinental stocks are
lower than before. This group of securities
seems to be utterly without support from the
public, and IL is more than probable that the
inside party have about all they want. They
have been fluctuating widely, and, in them
selves, sufficient to form a disturbing element
even if there were not Others 1t will re-
quire some time to restore the loss of conf
dence that the past few days has caused, COM
ting as this last fall has done on top of so pro-
tracted a period of gradual decline, and lower
prices are expected before any substantial
turning point is reached.
The market closed somewhat firmers
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, us corrected by special wire
rennrts rnceived by Rntemnn Il Co. hank ers