Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-14
NEW YORK.
Especial Telegram to the Globe. I

New York, Dec. 13.-The bulls scored
another success in Wall street to-day. 1t
seemed to be pretty generally understood
the differences regarding the percentages
among the roads would be adjusted, that
peace would follow and old rates be re-
sumed. The activity has not been con-
fined to few properties as heretofore, but
became more general, the Omahas being
the leaders. During the afternoon the
preferred sold at 116, while the common
touched 573s, st. Paul rose to 10S1a;
Canada Southern was purchased by Van
derbilt brokers, the demand carrying it
above 70. One of the firm bought
10000 shares of Western Union.
The coalers shared in the advance,
Lackawanna going about 2 per cent. over
yesterdays figures. The temptation to
realize has been great and many have i'm
proved the occasion, causing sharp re-
actions during the afternoon. The remark
able rise Of 16 per cent in three weeks i'll
the Omaha stock would certainly warrant
the securing of profits.
The Western Union declared its usual 1 .
per cent. quarterly dividend.
Money continues easy, and there seemed
to be fair demand for stocks at the end
The effect CT the railroad war, or rather
of the negotiations of the men who are re-
sponsible for it, has been felt quite
as much to-day in Wall atreet
as at any time since the
war began. What fluctuations the stree
| has experienced have been due to these ne
goiiations. The strength Of the strong
! opening, the activity and sharp advance of
| the first hour, followed rumors that the
| comforting magnates were on the point OF
| a settlement. The announcement That
arrangements had been completed caused
further advance.
| Cali the noon traders were buyers OF the
grangers to-day,"said a prominent broker.
"The real advance, however, was caused
| by Vanderbilt brokers, who had large buy
ing orders, especially in St. Paul. This
| afternoon there has been a considerable
realizing by the Vanderbilt following,
and Mr.. Briton was credited with selling.
Perhaps the sport is over for the present,
as far as the Vanderbilt interest is con-
L
gers, notably St. Paul, were put out by
brokers representing large bear operators.
The general feeling is that Omaha is high
enough, even if the war is settled. There
has been good realization and some short
selling on this idea. St. Paul has been
well bought by insiders yesterday and
today.
The Vanderbilt stocks have been bought
by parties having early information or
the Omaha deal. Points have been giver
this afternoon for the purchase OF the
Gould stocks.
The executive committee of Western
Union received a very good quarterly state
ment to-day. There is great deal of Gu
riosiiy as to whether the attorney general
will or will not consent to proceedings to
annul the charter of the company. The
general impression is that such permission
will be given.
Points are given to buy Missouri Pacific
on reactions. st. Louis houses usually
having early information on the South
westerns are advised to buy Missouri Pa
cifc for 1OS. Insiders advise
doing nothing in Wabash. Negotia
tons are pending which, it is said
will affect the stock very favorably or very
unfavorably, as they happen to turn. An
other rumor is that Gould is ready tc
boom the stock, and that it is purchase
1T looks very much as if Mr.. Vanderbilt
wouid finally be obliged to buy every rail
road in this country to keep up prices,
said broker. ''Re now has the Nickel
Plate, is negotiating for the West Shore,
and, if he gets the Omaha, have no doub'
some other road will be offered him or else
a bloody war will ensue. That pile oil
governments grows steadily smaller, and
it is lucky he has it to draw on. Where
has it poneS0