National Republican., 1883-07-27
GOSSIP,
Special DisDdiCh.

of such redemption.
GOSSIP.
Specia, DisDaCh
New YORK, July 26.-The stronger and
improved tone of the market Yesterday after
noon on dividend paying stocks for invest
ment accounts, it is alleged, shows that in
vestors have begun picking up securities at
the present low prices and this fact caused
considerable hope of better prices. The bears
generally believe the improvement will last
for several days. The whole list has an un-
deniably frmer undertone and very probably
the turning point has been reached. The
most confident of this class think the lowest
prices have been reached for the season. Rus
sell Sage is most sanguine over the market,
but the privilege brokers who deal with him
say he is not selling anything very near the
market There was somo large buying orders
yesterday from Saratoga and leading COM
mission house which has exclusive wires
bought batch of Lake Shore and New York
Central on such kilograms. Mr.. Smiths
brokers were heavy buyers of New York
Central, and Sternberger & Fuld were also
large buyers. r. s. Elliott was the largest
purchaser of Lackawanna, and he bought ex-
tensively of the Northern Pacifcs also. Groes-
beck u Sch.ey are said to have executed the
largest buying order on Northern Pacific pre-
ferred Something important was promised
in telegraph matters to-day, and the stock
bears on Western Union intimated that the
railway operators would be ordered out when
ever Western Union interests can be most
harmed by ii. Dispatches received from
Minnesota by prominent parties in the
street say that the damage to crops in the
northwest by recent storms has been immense.
Dispatches are unconirmed on account of
defective telegraphic communication.
The Western Union office at Norwich,
Conn, was closed by the operators to-day.
Chicago markets are easier all around, but
there is no special change in outlook. The
weather In chicago is warm and cloudy.
Government bonds were strong on the be-
lief that call was issued, and low money
rates will create demand for bonds.
r. S. Elliott is buying Lackawanna extern
sively. j. Wallace has been buying Lacka-
wanna all the morning. II. Clews & Co. have
been buying the whole market this morning.
Hotchkiss IL Burnham have bought most
Western Union. Hughes bought st. Paul.
and the sellers were Fuller, and Barney &
Raymond. DeMotte Il Durant bought New
York Central. Van Emburgh sold. DeNIotte
bought Northwest. Barney Smith bought
1000 Northern Pacific preferred. Barney &
Raymond, and Fleming sold
correspondent of leading cotton firm
here telegraphs from Texas as follows Crop
backward owing to the late planting and un-
favorable weather. Cotton is not fruitng
well. The drouth has seriously injured the
crop, and it still continues. Worms have
done damage TO great extent The boil
worm has appeared in some sections.
The stock market is very quiet. In New
York Central Kirllner offered the stock, and
Henriqucs sold with scattering buyers. In
Lake Shore Gernstein sold; jameson offered
Western Union. In st. Paul Scranton &
Willard bought, and Humbert sold Harry
Wilson was a large buyer of Oregon Trans
continental. New York Central lends fiat to
1-64; Jersey fiat; Lackawanna to 2; money
Mt 2 to 81 sterling unchanged. 1t is reported
from Washington this morning that tho re-
manning operators in the Western Union
office there will quit work in a body at noon
to-day sure.
The Erening Post says tho Western Union
company is still obstinate and has enough
operators for the small business Offering
The men are equally obstinate. A Wash
ington. bond call will be issued this after
noon. EX-Treasurer Polk, of Tennessee, has
been declared guilty and sentenced to twenty
years Imprisonment and heavy fine.
REVIEW.
The market opened firm, especially for
North Pacific common. The bears were
screwing Denver and Louisville and Nash
vile, but they did not yield much. The an
nouncement from Washington that the opera
tors who held back from the strikers would
quit at noon had no effect upon the Western
Union. Sterling was very quiet. Govern
ment bonds were firm on belief that the call
would make demand for bonds. At noon
stocks were strong, and an advance of to
per cent. was recorded. About 1 o'clock
stocks were steady but very dull, there be-
ing a slight decline from the days
best prices, except Northern Pacific com
mon. 1t is reported that the
operators are willing to concedc something
from their extreme demands of a week ago,
hut the Western Union declines to listen to
anytlhasg but unconditional surrender On
the second-oall stocks were weak dull and /
to below the best prices. The extending of
the strike in telegraph caused uneasiness, and
the market remained almost Mt u staudstill
Early in the last hour n reaction set in, and
the Willard stocks lod the market, Northern
Pacific common being noticeably firm. The
market continued dull to the close. The now
complication in telegraph tended to make the
undertone rather weak. What little business
there was done showed a downward tendency
in prices, and the close was weak in com.
parison to what had been expected
LONDON, 1870 p, m,-New York Central. 4
higher; Erie, lower; Illinois Central, Il
higher; Reading higher st, Paul, I lower.
GovERSMESr BONDS.
Bld asked.
United States rs, 1881 ,.. .......... IOi
United states i,as 1901, registered -...o. il2S ii.s,
United States AS, 1871, coupon ...,. ll2is ilSl'
United States Is, 1907 registered ..,.,..- llSt lISs