St. Paul daily globe., 1886-04-17
FINANCIAL.
New York.
Special to the Globe.

Special to the Globe.
New YORK, April 16.-The report that the
employees of various Chicago roads were dis
satisfied and had made certain demands on
their employers which were likely TO be re-
fused, creating feeling of apprehension in
financial circles to-day, and while the market
for railway stocks was fairly active, there
was disposition to throw over such securi-
ties as would be likely to be affected by trou-
ble of this kind. Lake Shore, Northwestern,
burlington, Rock Island, and in
fact ali the shares Of Chicago
roads were weak. The news received
regarding the probabilities of a strike was
very meagre. About all that was known was
that the switchmen were dissatisfied and
threatened to strike. A rumor all the way
from Kansas City, alleging that the Atchison
was negotiating for the purchase of the Wa
bash was made to do service during the day.
The Gould stocks were inclined TO sell down
on the expectation of further troubles in the
Southwest with the knights of Labor. There
was talk of a strike among the telegraph op-
orators. .cThe bull movement in the specialties
seemed to have been abandoned for the pres
ent. Richmond IL Danville and West Point
terminal barely held the advance OF yester-
day. The talk on the street was
that the pools in these stocks had
been compelled to take big lot of long stock
in manipulating the recent advance. The
announcement that the Baltimore & Ohio
switchmen had struck was used with effect
by the bears in raid on the market late in
the day. 1t was reported that the switchmen
at the stockyards had gone out and that the
men at South Chicago would 90 out this even
ing. 1t was further given out that The Lake
Shore switchmen would go out Tomorrow
The effect of all this was to cause heavy sell
ing in the last hour. Lake Shore and New
York Central were unloaded in lively man.
ner. The entire market weakened under the
81 ipfiupnrAS af . l,al
point of the day.
WALL STREET GOSSIP.
The Northwestern will issue 10000, 900 new
bonds to build roads TO compete with its rivals
The particulars will be out Monday. The re-
port seriously affected the stock to-day.
nningham-Specialists in St. Paul &
Northwestern in the room say that if the
bears would stop selling them short and
would stop grabbing in for over Is, they would
go down.
Cahn-The constant stream of bear news
continues, and it is at last beginning TO affect
the market, and there is no predicting when
the situation will improve or when the mar
ket is buy. The short interest is not large
enough to rally the market, but a few more
days like this and it will be quite heavy.
Vermilye-The market is oversold and is I'm
just as good shape TO squeeze as il WAS last
week, when Woerishoifer took ii in hand and
lifted it three points. L do not change nv
base that stocks are not cheap at present
prices, but don't want TO sell them at pres
ent. l see only short stock coming out, and
that side seems 10 be profitable.
J. I. Lester-There is no change in the sit
uation. Trading is confined to room traders
with very little outside business doing The
professional spectators keep nibbling at the
market, and no sooner get in than they wish
they were out. Outsiders wont trade until
those labor agitators get through with their
strikes. The street is full of talk about
trouble among the Granger roads. Most of
this news is sent from the West and copied by
gossip-mongers, and thus kept before the
public. They are making drive at North
western, st. Paul, Rock Island and Chicago.
Burlington q Quincy. Would rather buy
them ON declines than any other stocks.