National Republican., 1883-07-19
THE MARKETS.
The Threatened Strike Of Telegraph Operators
Still Holding Prices Down.
Favorable Reports from the Crops-Gos-
sip OF the Day la Trade Centers.
Erecidi DiDdich.
GENERAL GOSSIP.

all said the market had decidedly harden
ing appearance, from tho second call to the
close yesterday, and others declare that there
wereI unmistakable signs of buying off Lake
Shore by insiders. Western Union was the
doubtful feature of the market and it was
thought it might smash the rest of the market
to-day upon the strike. Nevertheless, the
order broker in telegraph reported tremen-
dous good buying all day, and there were in
side intimations that the stock would be sus
tanned in any event. The telegraph people
are said to be willing to meet the men half
way, and an agreement is probable on
D compromise basis little later on.
1t would cost the Western Union company
$l,5O0000 TO aCcede to the operators demands
in full, therefore this is out of the question.
Some of the old bears on New York Central
were favoring rally in the stock last night
and Enos Il Co. turned bulls and were the
largest buyers of New York Central yester-
day. Sage and Smith were talking conf
IDENTIFY of better market on the boats last
evening, and Sage said he bought freely of
telegraph, which was the best purchase ON
the market. Judge Hutchings said he had
covered most of his shorts, but If stocks
reacted much moro he would put out another
line. He said the transfer books of New York
which the stock would be- very plentiful
owing to the delivering of the sterling stock
sold and to the return of the borrowed dollar
stock. Hutchinson said he had bought stocks
for several days for long account and he was
u bull ut present. CUnnor told his friends he
expected considerable improvement in the
whole market before Saturday. Osborn said
he expected Il further. decline, Morgan and
Smiths brokers thought the whole market
looked like advancing this month. There
was some large buying on Saratoga orders yes
terday, mostly Lake Shore and New York
Central. The room traders are mixed up.
Sterling Is dull Money at to ~. Jersey
and New York Central lend fiat; Lackawanna
at l, and Others at 2. The market was quiet
ut the opening, and there was small attend
ance in the board. COoms sold some Western
Union, but there was no stock pressing for
sale. Enos bought New York Central, and
Alexander Wood and Minton sold. In Lake
Shore Peters u Fell and Prince & Whitley
bought. The sellers were scattering. There
was large crowd in the loan room.
Chicago weather was reported clear, with
the thermometer at 90. August wheat was
ups.
The brokers reported very little Lacka-
wanna offering this morning,
The indianapolis freight movement last
week shows an increase of 1000 tons.
New York Central was sold down by Hunt
ing, Nicholas, Henriques, and Kirkner. Lack
nwanna was sold mostly by Winthrop.
Governments were steady, and sterling dull.
1t was reported from Chicngo that the tole-
phone men would go out to-day. The
Chicago markets were unsettled on account
of fears of the telcgraphcrs going out to-day
A disposition is shown to "even trades"
Wheat is down 1 cent.
The executive committee of the Western
Union telegraph has been in session since
noon, and the telegraphers are awaiting the
acceptance or rejection of their protest before
declaring what they will do further.
Up to 2:15 there was no change in the tcle-
graph situation. The telegraph company's
executive committee was still in session, but
there was no reason to believe that they
would accede, and it was thought they mi ght
not even reply to the operators. 1t was not
thOught the operators would 20 until ain an
swer in some shape was received. A consid-
cradle number of operators here and through
out tho country, who are not in tho brother
hood, promise to act with it. There is q gen-
eral conviction that some decided action will
soon take place,
From indications at 2:40p. m tho Western
Union directors meeting will continue the
rest Of the afternoon. 1t is believed that
notifications will be made in the demands of
the operators and the directors are preparing
to arrange for final action III case of q strike.
Later in tho afternoon the executive
committee resolved that committee, con-
sisting of ex-Gov. Cornell, ]. w. Clendthan,
and John I. Terry, be ppointed to inquire
into complaints of inequalities. The direc-
tors will hear the committees report at IL
a. m. Tomorrow.
REVIEW.
The market opened to better, with de-
mand for covering and some carly outside
buying. The bears were careful about putting
the market up on themselves The room
traders raidod New York Central which fell
1 per cent. Money was 2, Governments
steady. At noon prices were depressed all
around, Michigan Central being down ~
from the opening. Advices from western
crops were favorable, but not enough
to counteract the disquieting cf-
feet of the telegraph troubles here.
Chicago markets were also unsettled, owing
to fears of a telcgraphers' strike. On tho
second call the market continued weak and
very dull. Richmond and Danvillc stocks
were active and higher. Union Pacific was
steady throughout the day. Early in the
last hour rally commenced, sending prices
up from / to I, tho latter on Michigan Cen
tral. Money closed ut 2 per cont. Slayback
raidcd New York Central down to 1141. The
market closed barely steady, pending the
solution of the telegraph troubles.
LONDON, 12:30.-United States AS lower
Eric ! higher New York Central | lower;
Reading higherj st, Paul I higher; Illinois
higher
Special Dispatch
CHICAGO, July 1S.-Thc market was de.
moralzed by fears of an interruption of bust
ness by II telegraphers' strike. Wheat fell 20
from yesterdays close, rallied 14c and Guctu-
ated rapidly, closing 1@lic lower than yes
terday there was no demand except to
cover shorts; July, 3l02; August $iO3s;
September, S1,054. Corn closed fA@1sc lower
then yesterday; demand was mainly from
the shorts receipts are increasing aud ship
ments decreasing July, sole; August, 5Olc
September, SOY. Oats-cash higher; flu
lures steady; July, 34Ac; August 2s]c;
September, 27Ac, Pork was panioky.
1t opened 10 cents higher, declined 90 cents,
and closed 20@3O cents lower than yester.
day: July, $l4.30i August Slabs; Sep
tember, sl4.45. Lard closed l5Ggl7{ cents
lower than yesterday; July, 1915; August,
$3.50; September, Ss,05 Short ribs opened
10c. higher, and at noon declined 80 cents;
July, S7.l5; August, $3.50; September,
$762l. The shorts were tho only buyers,
margins were largely called by both buyers
and sellers, and distrust exists on all sides.
GovERNMESr noSDs
,,,,,,,, s,.,..,. ,oo, BID ASked