Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-07-26
SUCCESSFUL STRIKERS.
THE AMERICAN RAPID lakes A com.
PROMISE.
Business to be Resumed To-Day-morchsnts sn to
Indignant over tho Losses Caused
by Delay In Western Union
SerVlceS.


later on by she following dispatch received
by Manager Penock from L. A Sherman,
general superintent of the company, sta
toned at New York
cat a conference of the executive COM
mittee of the Brotherhood of Telegraphers
and the executive committee of the
American Rapid telegraph company held
yesterday afternoon, satisfactory
adjustment of existing difficulties was
reached, and the force will resume work
to day. No details of the agreement are
given, but the company will make q
supreme effort to handle the great volume
of business now being withheld and will
utilize both the Morse and the au- -omatic
systems to this end, adding largely to its
original force from the ranks of the
unemployed operators"
The following dispatch was also received
from John Campbell, master workman of
the brotherhood, from New York, and
was read to the strikers, who will obey it
satisfactory arrangements having been
made between the Brotherhood OF Tele-
graphers of the United States and Canada
and the American Rapid telegraph COM
pany, all members working for that
company will resume work today, July
26."
Work TO be Resumed.
Manager Pennock was full of life and
spirits when found last night at the main
American Rapid Office, Chestnut and Bank
streets. He said
"We will start business the first thing
in the morning with forty of an operating
force. taking on fifteen of the best West
ern Union men that drop out. Every one
of our fifteen branch Offices will DO opened
and at the main office, in addition to our
old force, We will have six first class West
ern Union operators. We will work two
sets of duplexes and two automatic ma.
chimes on New York only, which will
equal fourteen wires. Besides, our West
ern and Southern business will be handled
in good shape. We will be prepared to do
any quantity of business"
The resumption of the American Rapid
will bring back five Of their men, who
had engaged with the Merchants and
Bankers company. At tho Office of the
latter corporation it was stated that the
vacancies will be filled to day by recruits
from the ranks of the brotherhood. Later
in the evening telegram was received
giving the basis of agreement between
the brotherhood and the American Rapid
as follows:
can advance of 10 per cent. on salaries !;
extra pay for all work done over eight
hours for day aud seven hours for night
work, and extra pay for all Sunday
work."
Reports OF Jay GOuid's Actions.
A clean cut example of the extremity to
which rumor may be carried by gossip was
offered yesterday in the currency among
the operators of the stock exchange of
report that Jay Gould was taking advan
tage of the telegraphers' strike to force
down Western Union stock and buy it
under-board at a low figure. This got
abroad in mysterious way about noon,
and spread like cholera epidemic. Some
of the brokers say it was circulated by
Gould's agents to keep the stock up to
normal quotations, and also declared that
these agents were really on the floor of the
exchange accomplishing the purpose for
which they were sent. However this may
have been. considerable quantity of the
Western Union changed hands, and at a
low, though by no means panicky, figure.
Still, the effect of the rumor upon the
dealings in the stock was depressing, and
served to aggravate the feeling of uncer
tainty which has been gaining ground for
several days past.
of the exchange was felt yesterday. The
difficulty in communicating with Chicago
had, in measure, disappeared, though
there were frequent annoying delays. The
amount of public business offered was
somewhat in access of that of the previous
day. The real effect of the strike has
mado itself manifest indirectly by creating
an indispositicn to active speculation. So
far as the brokers are considered, the
large operators without exception have
their own private wires, and arc, of course,
protected from delays. Here again, how
ever, there is complaint of lack of
customers. The latter feel natural timid-
ness about venturing in speculations in
foreign stocks when the methods of tele
graphic communication are so uncertain,
and all of these causes are joined with the
normal dullnesS incident to the season.
Heavy Losses in Business.
Of the exchanges, the oil exchange has
suffered the most disastrously. One of
the most prominent speculators estimates
that the entire amount of business trans
acted yesterday did not exceed 100000,
as opposed to 5000, 900 upon ordinary oc-
casions. Communication With nearly
every portion of the oil field has been
desperately uncertain, especially as re-
CARDS Pittsburgh and Oil City. Indeed,
the business of the exchange has been
practically suspended. Tho attendance of
operators was small yesterday. At the
beginning of the strike a half dozen of
the biggest dealers became panicky and
dashed over. to Oil City to attend to their
business themselves. They are there yet,
among them Hepzell, of Henzell & Foster,
Davis aud Murphy. The latter is now in
Titusville. and Foster, his partner, is
home again. Late yesterday afternoon a
call was issued for meeting of the MEM
bers OF the oil exchange for to day, to con-
slider the strike and it's remedies. The
subject will be carefully considered and
some stirring results may be anticipated.
kilograms from the city were delayed
yesterday, in some Instances, from one to
two hours. One firm, which ordinarily
receives from Western Pennsylvania
seventy kilograms every day, yesterday
got only four.
kilograms Delayed.
At the commercial exchange business
prOspered much as usual. President Shars-
wood said that their intercourse had not
seriously suffered. The bidding at the
commercial exchange was not up to the
usual standard. There were annoying
delays in receiving kilograms, and espec-
tally in communicating with points West.
A meeting of the commercial and maritime
exchanges las been called for to day to
take official action regarding the strike.
None OF the striking operators at any of
the exchanges have returned to work.
The general effect of the strike upon the
commercial exchange was to put
nm limitations sliohtlv No toloora mo