The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-09-24
THE MARKET REVIEW.
BIG GRIZZLIES TALK BIG AND saw
AaELY BUT DO LITTLE.
Tho Pacific Mall Muddlss Bsooming Quits
Uncertainty Of the stock.
Head win aud Tail You Lose.
New Exchange Market Abroad.

no indication OF any outside Investment do
mand for stocks, The daily fluctuations arc
tho work OF room traders, who buy and soil
securities for scalp OF one or Two points.
Whom they begin 10 soil In too lively fash
Ion, tho managers OF the different pools have
TO come forward, give support 10 their re-
spective apeclaltlea, and thus restore tho
level OF prices 10 as 10 suit their books.
Since the bulk of the short interest has boon
squeezed out the bulls have not been able 10
soil any stock at all, and they viii not bo
able 10 soil untIl another large short interest
IL created, There seems, however, % DO no
elements In the field for the organization OF
bear party, Tho oldest and biggest grlz-
Giles talk big pnl savagoly, but do ydry lt.
tle, II they do sell thousand shares, they
run at tholoS Of ono or two points at tho out,
side, Tactics OF this kind can certainly not In
auence the market either ono way or tho other
for the drop IL never serious enough 10
frighten or shake out the Vanderbilt Nor.
gan following, oithor at homo or abroad
neither is II sufficient 10 ontco into now pur.
chaea those who might bo disposal 10 Join
tho bull ranks. Neither tho advance In
price nor the reactions nro considerable
enough 10 revive speculation,
The reported order Of Secretary Lamar 10
the Union aud Central Pacific railroads NJ
longer 10 pay a subsidy TO tho Pacific Mail
Steamship company until the interior do.
partmsnt had Investigated this arrangement
was donied and caused tho prico Of Pacific
Mail 10 rally little, As thers sooms 10 DO
a considerable short interest In thu stock, II
would not DO surprising 10 500 II 90 up to
90 again, but many ahrewd operators pro
dict much lower for " In tho long run and
prominent among thom Cammack anl tho
Arm OF Howell Osborn are msntlonsL
Friends OF tho Pacific Mail, on tho other
hand, say that they don't care whether tho
Transcontinontal roads pay tho company
anything or not for at ptoSont In return for
tho money received Pacific Mil has TO
carry such freight AZ the Union and Central
Pacific do not care 10 handle, whio II tho
payment OF tho subsidies Ia suspended the
steamers will pick out their freight, ostab.
linh their own ratOs and make more money
than they got now, Neither doci tho con.
troyersy with tho postolllcO department In ro-
gard 10 tho payment for carrying tho foreign
mails soom much 10 affect tho officers Of tho
company. They say that thoy will simply
refuse 10 do tho work unless thoy are paid,
and they add that tho authorities In Wash.
ington begin 10 understand that they won't
little too far In tho way ofoppo,ing tho ship
builders and shipping interests OF tho
country Ono thing sooma 10 DO evident and
that Ia that outsiders will do vol 10 leave
Pacific Mail alone and gamble Ia something
else Tho insiders who bought tho stock
from hiirty.two or thlrty-throO upward,
and who now got per cont OF its par value
have made an excellent Investment aud can
afford 10 ko,p tho security especially ~ thoy
have heretofore always boon informed In
good time OF what 10 likely 10 take place In
Washington; but outsiders who attempt TO
buy or 10 soil tho stock short arc equally
likely 10 bo bOaton. An things arc going on
now, II Is plainly game OF hoad | win, tail
you loso,
Some time ago II was stated that move
mont was on foot In Moxico 10 bring about
an amalgamatlon OF tho system Of railroads
built by Americans from tho Rio Grando 10
tho City OF Mexico, Thoro is no likelihood
OF anything happening at that end ~ cause
rise In Mexican railroad stock or bonds
and no arrangement has ~ yet boon made In
regard 10 tho subyOnton Pooplo In Mexico
evidently expect that holp must como from
tho United Statos, but tho state Of affairs In
Wall street scarcely promises any material
help towarl n completion OF this railroad
uystom, for tho present ut all events, 10 will
require u now sot OF mon 10 try tho oTpori-
mont
IL sooms that tho hard timos In Wall atroot
arc breeding much distrca among tho
younger mombors OF tho petroleum board.
M. .Il Ia. I..lu ..E n.
ful rato, aud tho survivors cannot, In many
casoa, find money enough 10 pay up thoir as.
scWsmcnt toward tho insurance fund, which
claim 10 certain amount AT tho death Of
each mcm5or, Until quito rooontly tho In
suranco funds In all tho exchanges woro
voluntary, but OF lato any person buying
scat binds himself 10 pay certain amount
upon every death, Last wook now OF.
change was Incorporated at Albany with
capital Of $4,000 divided into 81, 900 shares
AT $40 zach, aud tho principal feature Of this
now venture " 10 bo that thoro WILDE no in
auranco fund Tho American Bourso, M tho
now institution IL 10 bo called IL apparently
started undor quito favorable auspices.
IL should not surprise anybody 10 500 our
grain spectators trying 10 got up boom
on tho strength of tho Butorn RoumolIa
complication, Just ~ they did on tho strength
Of tho Afghan squabblo. But tho result In
both casos will probably bo tho samS, Thoro
can bo no war on account OF Bulgaria's an-
noxation OF this province, for tho annoxa-
tlon was evidently effected with tho conson B
OF Germany, Russia and Austria Thoro
can, therefore, DO no prospect Of any com
plication botwoon tho great powers, aud II
somo fighting botwoon thu Turks and tho
Bulgarians takos place 10 will DO purely To-
cal, and eau IN no way affect tho grain or
produce markets OF tho Unitoi Statos or
any other country, Tho split OF tho torri-
tory inhabited by tho Bulgarians, at tho
Berlin congress Of 1873, was great blundor
on tho part Of Lord Boaoons0old, aud Glad
stone predicted that IL was only an addi-
tlonal chance given 10 tho Mussumau 10
rob aud prosecute tho Christian, and tho
Christian 10 rctallato Tho fHtu Of Turkey
Ia as plainly written upon tho wall ~ can
DO, bho must ultimately loso all tho torri-
tories In which tho Christian element pro-
dominates over the Mussulnan.
u Bulgaria succeeds IN retaining oastcrn
RoumolIa, Greece will DO tho noxt 10 claim
and annex those parts Of Albania aud Salon.
lea which arc mostly peoplod with Greeks
II IL inevitable that tho sulian's domain
should DO pushed nearer aud nearer 10 tho
shores Of tho Aegean soa aud the sea OF Mar
mora. Aud there will DO no great misfor-
tunc In IL, for ho has plenty of room In Asia
Minor, and the fanatic population us we'll IN
tho thioyng officials Of tho Turkish empire
will DO much loss troublesome there or
course money matters will have u great doal
10 do with every new arrangement of tho
Turkish empire for Turkey owes so much
and IN 80 many ways, that all tho govern.
monts of Europe are interested In sustaining
its fiscal resources but this has nothing 30
do with the ownership Of territory, for ever.
ry emancipated province as they have boeu
before viii be made tributary 10 Turkey.
There eau be no doubt that those provinces
will be much moro able ~ pay their tribute