Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-24
NEW YORK.
Especial Telegram to tblGlobe. !

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NEW YORK, Dec. 23.-Thes day in Wall
street has been like it's pr( (aecessors, dull
without feature, the attendaxce of brokers
light and desire evinced = do nothing
by those present. During{ the morning
hours Norfolk & Western preferred
caused little excitement by declining
from so to 46 on a report thtt the common
stock would likely be nlreased 10000
shares for the purpose Of }hrchasing the
Shenandoah road. The eli ne seem to
have made up their minds carry over
their holdings into the ne2 year, when it
will not be unreasonable to box for more
life, wider fluctuations and better prices.
Ihe afternoon was devo4d principally
to the usual holidaf festivities
and business was lost sight Is. The ILL
nois Central displayed somet weakness in
the final dealings, selling at .43A. The
balance of the list made slight changes for
the day. The bank statenent shows a
loss in reserve of $SO7,OOO. |
The closing figures were in many cases
rather firm. Chattanooga touched So and
Western Union S24.
On Tuesday the exchange will open at
II o'clock.
st. Paul looked up fraction, getting to
$1.OS4. Rock Island gained a;Equarter
over its opening and Omaha IA. Northern
Pacific held on to half cent from 45% to
4638. Northwestern was rather weaker at
the close, and the frmnessl was limited,
both in extent and amount.
The New York Central statement had the
effect of wet blanket upon the ardor of
the bulls, set by the more favorable reports
of the other Vanderbilt roads, Lake
Shore, Michigan Central and Canada
Southern. Other Vanderbilt statements
were not favorable enough to prevent a
decline in the stocks, although there was
support whenever raiding was attempted.
Osborn brokers made quite an attack on
Western Union yesterday to enable cover
ing, but there has been excellent buying of
Western Union for several days, and peo-
pie who usually have good infor-
nation advise purchases at current
figures. A Gould broker said this
afternoon that Mr.. Gould could be count
ed upon to sustain Western Union, and
any one who went for the stock would be
liable to get hurt. The strength of
Wabash common has been in connection
with the plan given in the gossip several
days ago. 1t is proposed to bring Mis-
souri, Pacific, Wabash and Hannibal &
st. Joe under one management if a salts
factory method can be found. It can be
said, on the best authority, that no plan
will be adopted which will work injury to
the Missouri Pacific. The aim will be to
bring the Wabash, and Hannibal &
st. Joe into closer relations with the Mis-
souri, Pacific, and to open the way for
continental line under Gould management.
1t is not generally known how Wabash
common will derive its advantage, but it is
said that such an advantage will be given.
1t is said that clause in the army bill
affects Union Pacific unfavorably by pro-
vision that government business shall be
done at so per cent. of ordinary tariff.
Speculation on Wall street is at a lower
ebb than it has been for months. There is
general indisposition to embark in new
ventures so near the end of tho year, and
the drifting variations recorded on the
tape attract little interest or attention.
More doubt is expressed as to the course of
stocks after the new year opens than has
been expressed for many seasons. 1t is
undeniable that the result of the years
business in commercial circles has been
far from satisfactory, and as commission
houses generally are aware of the fact,
they give little encouragement to the few
| customers left to them to deal.