Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-23
JOHN w. RUMSEY & CO.,
Commission, Grain and Provisions,
126 Washington St., Rooms Is and 10,
CHICAGO, ILLS.
Financial and Stock Markets.
MORNING REPORT.

MORNING REPORT.
New YORK, Nov. %, IL a. m.-The stock market
opened generally strong, and 1s@2 per cent.
above yesterdays closing quotations, the lat
ter for St. Paul, Minneapolis & Manitoba. In
early trade the market still continued strong,
and further advance of H@Z per cent. took
place, in which Northwestern, Lake Shore, Indi-
ana, Bloomington g. Western, and Michigan
Central were most conspicuous, but subsequently,
the list became weak, and at IL o'clock Michi-
gan Central and Northwestern fell off per cent,
Lake Shore &c, and the remainder of the list
1@1A per cent, the latter ON Canada Southern
and Delaware, Lackawanna & Western. West
ern Union is 1875 and Union Pacific lO4.
The Post says: The day on the Stock Exchange
was an excited one, yet singularly free from
rumors, and the few put in circulation were
found upon investigation to be entirely without
foundation. The BEARS however, made use of
the railroad war in the northwest to attack the
entire list Of active stocks with a view Of fore
ing sales by weak holders. The lowest quota
lions were touched at about II o'clock, the de-
cline ranging from to Ga per cent. st. Paul,
Minneapolis Manitoba sold at 1876, against
1929 in early dealings, Northwestern at 1917
against l35, St. Paul at 1913 against lO2c,s, MIS-
souri, Pacific at 97A against 1929, Texas Pacific
at 34s4 against 381a, Kansas & Texas at 2S55S
against 31A, Western Union at 1915 against
8l%, Delaware, Lackawanna and Western at
12411a agaidst 127, Delaware & Hudson at 1051z
against 1885, Canada Southern at 62 against
66as, Michigan Central at 81 against 961S, Lake
Shore 1llH against 1857, New York Central at
125 against 1913, Wabash at ~ against 3Oss, pre-
ferred at 525s against IS, Denver e. Rio Grande
at S8 against 42I, Northern Pacific at
Al against a, Northern Pacific preferred at
81 IS against 93T. At about IL O'Clock decid-
ed change for the better set in and prices recov-
cred 1a@2 per cent. There were but few pur-
chases to cover short contracts. and considerable
buying for Investment. At o'clock prices were
stronger all round. The officials of the Northern
Pacific state that the payment for the land re-
Gently sold by the company will be made with
preferred stock purchased in open market.
There have been large transfers of the preferred
into strong hands for several days past.
The short interest in Western Union is sup
posed to be the largest ever known. There are
only 100, 000 shares on the market, and the short
interest is estimated at $50 900, one house alone
being short 4, 200, another 81, 900, and another
5000. About noon. when the outlook was
black, and the panic seemed imminent. a ray of
sunshine started out of the gloom that the
Northwestern war had been settled; that Keep.
president OF the Northwestern, and Riddle, pres
ident of the Rock Island. were coming East on
special train, and that Vanderbilt had ordered
his road to be kept clear for It, One failure only
has been anpounced-that of Buttriciz & Eli
man, of 50 Wall street, young house. Liabii-
tiles not known. They report that they had no
contracts with the Stock Exchange. Ruttrick
was for many years confidential cierl, of Fisk &
Hatcf TIC f;iinr ii:ss No = 4,ai.icaa,e.