National Republican., 1883-07-23

day, and took place on Thursday. As is we'll
known, "a fear among spectators is often
more powerful than fact" and this influence
was used with great effect until the event
occurred. II must be admitted though, that
tho fears were not entirely groundless, and
had not powerful support been thrown in the
breach when the strike occurred it is impos-
sible to foretell to what extent the panicky
feeling of Thursday morning would have been
carried. Another cause for the depression
was a settled conviction of "bust up" in the
trunk line pool,and theVandorbilt stockswore
sold down in consequence. New York Central
touched 13l on Thursday morning Michigan
Central S5l, and Lake Shore 1888. The Pa
cifcs were also panicky. The Oregon and
Transcontinental statement was not very ia-
vorably received, and determined raid was
made on that stock and il was sold down on
Thursday morning to 75i Northern Pacific
common to Az, and the preferred to Sis.
Since Thursday the market has shown more
strength, caused principally by tho strong
support of some large operators, Gould and
Vanderbilt being reckoned among the num-
bor This interest may be able TO sustain the
market through the present crisis. Still
there is no use tryingto disguise the fact that
the "public" is not in the market and won't
go in until tho disquietude now prevailing
has subsidized, and there cannot be much of n
bull market without them. 1t is to be hoped
that the telegraph people and their employees
will come TO a settlement during the next
few days, and that, with good crops, good
trade, and cheap money business will resume
its long looked for activity.
SATURDAYS REVIEW.
Tho market opened with an advance Of J
to 2 cents on yesterdays lowest. Some
realizing caused part of tho advance to he
lost, but tho feeling was firm. Tho usual
Saturdays dullness prevailed. Tho Wander
bilt brokers bought heavily of Lake Shore and
New York Central. Tho general loaning rates
were 2, New York Central and Jersey Hat,
money 81 1t was learned from Philadelphia
that the Vanderbilt interest have outbid the
Pennsylvania railway for Lchigh Valley and
u bitter contest Is expected. TolCgraphiC
communication is so hard west to day that
business is nearly at standstill. 1t was re-
| ported that the wires had been cut west of
| Cleveland, and other breaks near New York
are said to be expected tomorrow. This rumor
is denied, and il is believed the company have
the operators to work them. On second call the
market was we'll sustained especially Jersey
which was above opening. 1t is reported
that ii. b. Hollins to-day returned 10000
shares of New York Central, which had been
sold for short account long time ago. Dur
| ing the last hour the market showed a bold
| front. Notwithstanding reports and general
belief that telegraph communication will be
entirely suspended tomorrow throughout the
country, the market closed firm, and it was
believed that Gould would sustain the market
to the end.
| LONDON 12:3O.-Eric, higher; Lake Shore
/ higher Louisville aud Nashville, higher;
Wabash preferred, lower; ST. Paul, higher
Reading lower.
| 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 Batemau & Co., bankers,
No. 14l1 + street northwest: