National Republican., 1883-07-24
THE MARKETS.
Everything but the Telegraphers' Strike In
diCates an Upward Turn. a.
Harmony in the Trunk Line Pool-spIcn-
did Crops-stock and Grain Quotations,
GOSSIP OF THE DAY.
SnficdL Disndfnb

Spcicdl DisDdtch
NEW YORK, July 23-Points are freely
given by leading traders in the street that
there is a further probability of sustained ad-
vance of from to per cent. before Satur-
day. 1t is admitted that the Gould and Van
derbilt interests peddled to the shorts on
Saturday about 10000 of Central and $1,000
of Lake Shore. There is strong demand
and strong holding of present STOCKS by the
most powerful operators. Tho Englishmen
have been buying trunk limo stocks on
cabled orders. There is no further d6ubt of
entire harmony between the trunk roads
William l.. Scott is bullish on the railway
situation, especially on the Wander
bilt roads, and declares tho general
traffic of these roads continues more
profitable than in 1883. The east bound
traffic was fairly satisfactory last week, the
tonnage being little beyond the week be-
fore. Charles j. Osborn says he is not trad
ing at present Sage is furiously bullish and
against the striking telegraphers, and declares
there is no possibility of a compromise. If
the demands of tho operators should bo
granted every railway operator in the coun-
try would make q strike, and this would nec-
essitate enormous expenditures to meet
these claims. The general outside SYM
pathy with tho telegraphefs here
is most marked. The New York Genital
operators and trainmen on that road yester-
day refused to forward kilograms to and
from stations where operators are on strike.
Woerishoefler tells his friends not to sell
Western Union or Canada Pacific short, but
he is bear on tho general market, and de-
clares that Vanderbilt assures his friends he
is out of the market for good. 1t is reported
that Walsh, Bell, and other bearish room
traders have been badly twisted in Richmond
and Danville, which rose 10 per cent. Satur-
day. A seat in the stock exchange is offered
at $4,000, and it is said $4,000 is the best
bid.
The Chicago Times reports immense losses
by Saturdays cyclone in the northwest.
Great destruction in six counties in Mime
sofa, and "A train blown from the track on
the Nothw stern road. Crops were Frustrated
by the tornado.
1t is stated this morning that the eXecu-
tive committee of the Western Union COM
pany had an important session Saturday
night and another will be held to-day, but
no conclusion will be announced until
Wednesday. Tho operators say Gould is dis
satisfied with Eckert's management. 1t is
to-day are seventeen of the twenty-nine chief
operators, the other twelv being with the
brotherhood. Twelve lady operators deserted
the Western Union building this morning
and they state that all the gold and stock
force in the city will stop on Wednesday if
no compromise be then reached
Money is plenty and unchanged. Govern
ments are tirmer but dull, awaiting the ex-
pected call. Chicago noon kilograms say the
market is in very unsatisfactory state and
no business doing, because of the uncertain
telegraphic communication.
Insiders say the Missouri Kansas and
Texas road for the first half year earned full
interest ON its bonds.
Sterling is unchanged; money at to ] !;
New York Central lends flat to 1-64; Jersey
fiat; stocks opened dull. r. p. Flower is
selling st. Paul on damages in northwest by
the storm. Enos sold New York Central
down, Hughes bought Lake Shore, Errett &
Co. sold Western Union and Haight bought
Kirkner covered his Western Union. FI
1t is telephoned from the produce exchange
that the telegraph and messenger service is
broken up, and business is at standstill.
A AChicago dispatch says the Western Union
messengers struck this morning, and the
Baltimore and Ohio are refusing business for
the west
New York Central was sold by Bissell,
Enos, and Van Emburgh. The room traders
raided Oregon and Transcontinental but
Decker d Howell put it up again. There
were many sustaining orders in Willard
stocks to-day. Judge Ingraham has just
granted an order requiring the examination
of the president of the Mercantile Trust COM
pany to declare who pays the Western Union
dividends.
REVIEW.
The market opened strong and to / in ad-
vance of Saturdays closing. Points were
freely given on the Gould and Vanderbilt
stocks, and it was rumored that New York
Central would be marked up point or two
before the closing. Western Union was strong
and some heavy shorts were scared into COW
erng, and it was claimed a good outside buy
ing was going on. Stocks loaned about 2 ;
New York Central and, jersey Central fiat ;
money att to % and very plenty. 1t was stated
that twelve chief operators of the Western
Union who had remained on duty had quit
work and joined the brotherhood The lady
operators who had remained also struck 1t
was also said that the Gold and Stock ticker
men would soon join the strike. 1t is freely
stated by large operators that Gould is dis
satisfied with Eckert's management, and had
no idea the strike would reach its present di-
mensions. The conclusions of the executive
committee would not be made public until
Wednesday.
About noon the market reacted. raid
was made on Oregon and Trauscontinental
and the Pacific. From 2 p. IN. until the close
the market was dull. A fractional advance
was scored in Oregon Transcontinental and
the PaGitics and some others, but just before
the close the market again reacted and closed
weak at about the lowest prices of the day.
The undertone is decidedly weak as compared
with saturdays closing, and doubts are eX-
TrsssS.d as to Goulds ability to hold his stocks
Unless sonnA sort of settlement is made in the
telegraph trodbes'
LONDON, 1:30 p. m.--New York Central l
higher; Illinois, higher ST. Paul. higher;
United States governments firm.
sToCKs
Tho following are the opening, highest,
lowest and closing prices Of the principal
stocks for the day, as corrected by special wire
reports received by Bateman 81 Co., bankers,
M IAN II straat