National Republican., 1883-07-26
THE MARKETS.
Little Change in the Dull Situation Looked for
Till the Strike is Ended.
A Raid on Denver and Big Crowd in
New York Central-The Quotations.
GOSSIP OF THE DAY.
SDecfdl Dispatch


Connor were talking bullish on tho situation
last evening. They agreed that when busi-
ness returns to the market the movement
will be n permanent advance for several
months. The bears cannot stave it Off much
longer. Brokers say the big speculators did
nothing of moment yesterday and the room
traders ran the market. There will be but
little change in prices until after tho oper-
ators' strike is terminated. Sage says he
don't believe Gould will recognize tho
brotherhood. The shorts in Western Union
stock in the board afe very nervous regard
ing the probabilities of snap compromise
with the operators, and the order brokers
say they come every night. Day & Heaton
were reported the largest buyers
of Western Union yesterday, but
Flower & Co. also bought heavily. AS to
the remainder of the market the short inter-
est is growing, but tho bears are not selling
so many dividend stocks short rs formerly aud
the tendency is inclined to wait for some de-
cided change. The large buying of Kansas and
Texas yesterday by Bissell was thought to have
been for Smith or Connor. The Vanderbilt
following were buying New York Central
and it was claimed that the company earned
one per cent. last month. Philadelphia
houses bought Oregon Transcontinental and
Northern Pacific stocks stephens bought
5000 shares of Northern Pacific preferred,
and Randall bought like amount. 1t was
reported that there were three orders for 81
600 shares of Northern Pacific preferred,
notwithstanding the reports that Willard and
Manitoba stocks were to be raided. 1t is re-
ported that ex-Gov. Stanford, through i'll
health has lost his reason. The clearing
house exchanges for the third week in July
show that the telegraph strike has greatly re-
duced the volume of business throughout the
country. No London quotations were received
up to ten o'clock.
Stocks opened very dull, with large crowd
in New York Central, and but little doing
Shelton sold 500 shares, and w. b. Wheeler
offered the stock. Van Hoffman sold Lake
Shore ), the buyers were scattering. Cruger
Il Oakley bought st. Paul. There is but lit
tlo demand for Western Union. Van EN-
burgh and Ellison sold the stock. In Lack
awanna Davis and Minis sold 5000 shares,
and Herts bought 4,0O0. Jersey lends flat (;
New York Central, fiat to 1-6i Others at 2 /;
money at 2 to %. Chicago markets are dull
and unchanged. Cotton advanced q fraction
in Liverpool.
A Philadelphia telegram announces upon
authority the entire scrip and allotment is
sue of the Pennsylvania Railway company,
aggregating about 100000 shares has been
placed satisfactorily to the officers of the
company.
Government bonds here are strong, al
though As are pressed for sale by dealer.
Sales of $4,000 are reported at 1888.
Cotton is 3 to points better.
Canadian Pacific earnings increased in the
third week $4,000. Northwest earnings for
hn r1 "a
600; increase, $i3, 100.
The raid on Denver was started by the
room traders, and the stop orders were caught
Then Osborn sold; Van Emburgh sold 800
shares; Van Dick and Williams sold 1,500,
and ID. Henry sold 1900; s. b. White bought
800. Business is very dull, and the brokers
while away the time in skylarking and sing
ing "Wait Till the Clouds Roll By"
The executive committee of the Western
Union telegraph has been in session to-day.
The American Rapid declare they are not ne
gotiating with the strikers Several Ameri-
can Rapid and Manhattan district telegraph
wires were cut to-day. This story is denied
by the strikers, who continue to conduct
themselves in the same orderly manner which
has characterized their conduct from the be-
ginning, and it is believed to be a subterfuge
of the company to give excuse for refusing to
accept business except subject to delay and
waiting en- route"
The Evening Post says the telegraph situa-
tion is unchanged. Both sides are confident.
ii is expected that to-nights meeting of tho
strikers will determine the question of order
ing out the railway operators. They are par
ticuarly strong on the Gould southwestern
system, and notably so on the Wabash route,
where it is we'll known the operators have
been very restless and have petitioned the
brotherhood to allow them to 90 out early in
the week. The strikers say that should this
bn IN have
notice, SO they may not be detained en- route.
The business on the different exchanges re-
mains about as on Monday. No Improvement
is noted in the telegraph service, aud business
is practically at a standstill
REVIEW.
The market opened with very steady un-
dertone and more disposition to buy. 1t was
very dull, New York Central leading the trad
ing About II o'clock a slight decline led by
Denver was established, and stop order stocks
were caught by the room traders. Chicago
dispatches were again retarded, but,the reports
were of general dullness. The quotations at
the produce exchange came in slow, and were
of an unsatisfactory character Dealers would
not operate ON them. On tho second call the
New York market was steady and extremely
dull. The best supported stocks were Van
derbilts, Western Union, Canada, Pa
cifc, Northern Pacific, Jersey Central,
and st. Paul Later reaction slightly
influenced prices but the customary dullness
set in and the market was fairly without
life. In the last hour the market remained
dormant and business was generally unsatis-
factory. New York Central was well sus-
tanned and advanced to 16s.
'-.-' -fuu., about 2:45 to the close, stocks were
well sustained and the closing was firm Mt
about the best prices of the day.
The advance in the Pacifics was caused by
more favorable reports from the crops and
covering of the shorts. 1t is said the telc
graph troubles are approaching crisis and u
settlement is expected in the early future.
LONDON, 12:30.-Erie, lower; New York
Central, ] higher; Reading, higher; others
unchanged.
STOCKS.
The following arc tine opening, highest,
lowest, and closing prices Of the principal
stocks for the day, Us corrected by special wire
reports received by Bateman & Co., bankers,
No. 141l Il street northwest: