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

New YORK, Dec. 13.-The bulls scored
another success in Wall street today. It
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 57s5, st. Paul rose to 1OS15;
Canada Southern was purchased by Van
derbllt brokers, the demand carrying it
above 70. One of the firm bought
10000 shares of Western Union.
The coalers shared in the advance.
Aackawanna going about 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 l6 per cent in three weeks in
the Omaha stock would certainly warrant
the securing of profits.
The Western Union declared its usual TX
per cent. Quarterly dividend.
Money continues easy, and there seemed
to be fair demand for stocks al the end
The effect Of 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 tie
war began. What fluctuations the stree t
has experienced have been due to these ne
gotiations. 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
a further advance.
''All the noon traders were buyers Of the
grangers to-day" said prominent broker.
1.-The real advance, however, was caused
by Vanderbilt brokers, who had large buy
| ing orders, especially in st. Paul. This
| afternoon there has been 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-
| cerned. Short lines in some of the gran
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
we'll bought by insiders yesterday and
| today.
The Vanderbilt stocks have been bought
by parties having early information on
| the Omaha deal. Points have been giyea
this afternoon for the purchase of the
| Gould stocks.
| The executive committee of Western
Union received very good quarterly state
ment to-day. There is great deal of Gu
! riosity 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
| Oh reactions. st. Louis houses usually
having early information On the South
westerns are advised to buy Missouri Pa
ci6c for 108. 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 to
boom the stock, and that it is purchase
1T looks very much as if Mr.. Vanderbilt
would finally be obliged to buy every rail
! road IN this country to keep up prices"
said a broker. ''He now has the Nickel
Plato, is negotiating for the West Shore,
and, if he gets the Omaha, I have no doubt
some other road will be offered him or else
bloody war will ensue. That pile of
governments grows steadily smaller, and
it is lucky he has it to draw on. Where
has it gomez"