Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-22
kilograms to The Star.
AQUIET DAY NWALLSTREET
The Bears Have The Best OF It
LETTER FROM SENATOR EDMUNDS.
NOT AN AsPiRANT FOR THE PRESIDENCY.
THE NEW OCEAN CABLE LANDED.
REPORTED FENIAN PLOT AT NASSAU.
THE DAY IN WALL STREET.
Mr.. Gould FOrtifytng Htmself.
NEW YORK, May 2e-Wall street, 10 4 NIT is 10
The Bears Have The Best OF II.
LETTER FROM SENATOR EDMUNDS.
NOT AN AsPlRASr FOR THE PRESIDENCY.
THE NEW OCEAN CABLE LANDED.
REPORTED FENIAN PLOT AT NASSAU.
THE DAY IN WALL STREET.

Mr.. Gould FOrtifytug HtmseIf.
NEW YORK, May 2s-Wall Street, 10 L. NIT fs ~
ported that Mr Gould has made ample money ar
himself against possible str1ngency In the monaT
market for the next four months
Orders to buy from Vanderbtlt.
II Is believed that the short interest was largely
increased yesterday. IL WAS reported that sJns
buying orders were received yestercsy from VIM
ern-
Bottom Prices Not Reached Vet.
Bears say that there are stil a large amount az
Stocks In loans which Will have 70 Dc lQuidated b.
Tore prices reach bottom
American Securities I'm London.
kiernanS London financial dispatch dated n
m, says The market for American railway ss,urt-
ues SHOWS an advance ranging from = 10 i par
cent sc -. rsni Is the exception. showing decline
an easier leenhg prevails Governments are weaker.
both as and AIS declining per cent This is so-
counted for by reaiZations and Investments of pro-
ceeds In railway securities, which have advanced
upon the sharp demand The Bank Of England rate
OF discount remains unchanged at sS per cent
sharp Attack Of the Bsars ON Coal
shares aud Union Pacific.
IL a m.-The bears made sharp attacks on the
coal shares and Union Pacific this morning Read
Ing fell on Ia To 2sa: Jersey Central 10 "a: Lack
awanna \ 10 lO4S, and Union Pacific 10 .Os. The
other active shares were well held aud In MANY
cases prices advanced Lackawanna also rallied 70
lU6
Mr. Sage's office.
Everything Is quiet at Mr. sages ONCE this morn
ing He is receiving stock previously arranged
and the number OF notifications is small
Mr. Gould Thinks the Troubles are
Over.
Mr Gould says: "I have absolute proof that OUT
side investors have been heavy buyers Of Western
Union within the past two weeks The stock has
been taken from the street and transferred Con.
cerning the market have very little TO say be-
lleve that parties with capital anxious TO get
securities at these figures and there Is every rsa-
sou 10 suppose that We have passed through our
troubles. i was talking with prominent bank
oincer this morning, and he declares that we have
nothing TO fear from our associated banks, and that
each day brings brighter outlook
Condition Of the stock Market at Noon.
stocks were heavy and lower for the coalers and
Central Pacific. Jersey Central fell on to 81 Read
Ing TO 26s and Central Pacnc TO 4Ob. The coalers
are Affected by reports that the Reading employees
VIII not accept the new scrip. The general list IN
comparatively firm, Lackawanna at i per cent per
Diem, Reading at SaA per cent. Missouri Pacinc ae
l-32a1-l6, Western Union at l-32 and Union Pacino
at l-32al-i6 per cent per diem.
The Metropolitan Bank Not Wtudin9
In reference 70 the report that the Metropolitan
bank contemplates winding up affairs it is stated
.hat the institution Is doing precisely as other
banks, paying and reducing its deposits, and lQui-
dating Its balances In the clearing houses It's In
debtedness 10 the latter association this morn.
Ing about 100000 Al present there is no idea on
the part OF the banks president Or directors OF
winding up the affairs OF the bank.
Four Affidavtts Against Young Ward.
NEW YORK, May 22.-There are four affidav1ts
out against Ferdinand Ward but it is impossible
learn who the other affiants outside of J. Nelson
Toppan. Mr. Ward was pale and haggard this
less night
The Penn Bank Not Insolvent.
PrTTsBURG, PA, May PA more complete IN,
derstanding OF the exact condition OF Penn Bank,
and the feeling that IL viii be able pay all OF ri
Liabilities, has had reassur1ng effect, and conf
dence 10 q large extent has been restored