Evening star. [volume] (Washington, D.C.) 1854-1972, 1883-08-13
I'd Edition.
Latest qGlegrams to The Star.
uNAccounTABLE sHRlxkAeE IN STOCKS.
THE TROUBLE AscR1BED TO JAY GOULD
INVESTIGATING THE STRIKE

Another Gloomy Day I'm Wall Street.
THE STOCK MARKET SILL NERVOUS, WITH FUR
THEIR DECLINE IN PRICES
NEW YORK. August 1S.-The Posts financial art
icle says: The stock market opened very ner vous
and from y to ~ per cent lower than the closing
prices OF Saturday. There was immediate and
active selling by good many holders of long
stock. as Well as by the bears, and in .the first IS
minutes the further decline ranged from y to ~,
next fifteen minutes there was frmer
feeling, and there was an upward
TO ~ Part this wa u o
the next twenty minutes, though the market re-
NAMED comparatively steady at 1880 O'Clock. and
the day viz Lackswanna western U PoGeS ST.
Paul, Reading, New York Central, Missouri Pa.
ciflc Canada Pacific and Denver. All other stocks
stocks on the list were below the closing
prices OF Saturday. Before the stock market
opened this morning II Was reported by those who
are presumed to know about Mr. Gould's move
ments that he being short OF good many stocks
on the list, including some OF the Southwesterns,
market except, possibly Western Union. The
course OF the market during the forenoon
gave some color Of plausibillty to these reports.
The market for railroad bonds was very much de.
pressed III sympathy with the stock market
There was nolh1ng done in state bonds Govern
the eas were higher for the and
loaned at 2
LAfEH-FAILURH OF CECIL WARD d CO.
NEW YORK, August 13.-The failure OF Cecil
ward Co., has just been announced at the Stock
Exchange. The liabilities OF the f1rm are under
stood to be under 100000. Stocks are irregular.
Latest from Wall Street.
CONSERVATION AMONG THE BuLLA-THE TROUBLE
AsCKIBED TO JAY GOULD.
NEW YORK, August 1a-Much surprise and some
CONSERVATION exist among the bulls OF the stock
market concerning a steady declination OF the
market, which has been going on for the past
week. About two weeks ago the stock market fell
with thump. but before the day passed the
market had recovered itself and all fear was dis
PEELED. The average effect OF the depression
at that time on all holders OF stock was nearly 20
per cent Weliknown brokers and bankers
huctuatton, as affairs throughout the country
were steady and money was plentiful This sec
Ond hurry is therefore deemed as inexplicable as
1 the first. kilograms have been received from
europe asking the reason FOR the depression.
one well-knOwn banker called back, task us
something easy" Messrs. DreXel Morgan 4 Co said
this morning: "We can give no other reason FOR
1nS neaVy market except that there are more
sellers than buyers"
II. $. F. Stanton, a stock broker. said that the
trouble can be traced directly to Jay Gould, who
IS endeavoring to obtain control Of the Willard
stocks, consisting OF the oregon Trans-Continental
and Northern Pacific railroads and the Oregon
steam and Navigation company. These stocks
are said to represent interests valued at
It's position. The Northern Pacific preferred and
the New York CT ntral and St Paul stock have
not been raided so as to affect their position The
NorthWestern, Lake Shore, Union Pacific and a
said, by orders from the London market. at the
omces OF Fisk & Hatch it was said that the low
prices may have attracted orders from London.
During the past week Western Union has fallen
ABOUT six points, Northern Pacific has fallen about
ten points, and, in fact, shrinkage is noticeable
in all dividend paying stocks