Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-13
NEW YORK.
Especial Telegram to the Globe. I

Special Telegram to the Globe.
NEW YORK, Dec. 1.-THE early dealings
on the exchange this morning were char
acterized by much 6rmness and activity.
st. Paul reached 1O7, Northwestern 1873,
Omaha 5435, and the preferred 1124. A
period of dullness followed all this, and
from highest points of fully 1
per cent.
The Minneapolis & St. Louis stocks were
quite lively for time, although the ad-
vanceswere slight. Union Pacific sold as
high as 101, butla ter dropped to 995s,
with free offering.
AS on yesterday the attraction centered
on the four or five stocks mentioned above.
Fresh orders made their appearance after
o'clock, and on active buying the market
became buoyant, and higher prices were
reached than during the morning hours.
Union Pacific sold at 1O2, and the whole
list made gains. Among the lighter prop
critics, Pacific mail was the feature, and
stocks in the final dealings, and many be-
ieve that further improvements may be
looked for. The highest point reached by
st. Paul during the afternoon was l071a.
At the close it was quoted at 1861 gain
of 2 cents for the day, and of 45s since
yesterday morning. Preferred did equally
we'll to-day. Northwestern ended the day
q better than it began it, and 455s better
than it began the week. Rock Island has
advanced 2 cents this week, of which q
was gained to-day. Omaha has been un-
settled to-day, its highest point being 5433s,
and its lowest point 5224. Its first and
last quotations were 534. Monday morn
ing it sold at 81. Minneapolis & st. Louis
opened at 311a and closed at 80. Manitoba
ended the day at 143, cent above its
first quotation. Northern Pacific started
out at AK, and finished the day at the
same figure, having ranged fIom 43T to
443S.
The lambs have left Wall street, and the
big operators there are at cross purposes.
Hence the market is ragged. One minute
it looks as though there was to be 10 per
cent. rise in three days, and the next it
looks as though there was no bottom to
prices. A big and strong party, led by the
Germans, is trying to get Union Pacific
down. Another big party is stamping on
Western Union. To-day some one was
buying Northwestern and the Omahas for
every cent they were Worth. And so it has
been going. The big sharks, having no
more gudgeons to feed on, are devouring
each other.
It was as plain to be seen to-day as any
thing in Wall street ever is manifest, that
Gould and Vanderbilt have changed tactics
toward the directors, presidents and
officers of the warning Northwestern rail-
roads. These two big sharks discovered
that the other sharks were short of North.
west, st. Paul and the Omaha stock, and
that they were likely to remain so as long
as there was any money to be made by
keeping up the railroad war. So Gould
and Vanderbilt pitched in and bought
right and left, and sent the granger stocks
flying upward. The directors and presi-
dents find themselves all of sudden left,
so to speak, with chances of being twisted
up more on the morrow. Whether they can
beat the other fellows tomorrow remains
to be seen. Indeed, it is whispered, with
some alarm tonight, that Vanderbilt has
practically cornered the stock in Omaha
common, and that President Porter and
his directors have something beside rail
road war on hand. There is only $17 ,OOO,-
| 600 of the common and So 9,5OO,OOO of the
preferred stock, and it would
be about as easy as any
| stock on the list to corner, and Vanderbilt
could corner it just as easily as not if he
| desired to do so.
Union Pacific yielded easily to the bear