Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-23
JOHN w. RUMSEY & CO..
Commission, Grain and Provisions,
l26 Washington st., Rooms IL and 10,
CHICAGO, ILLS.
Financial and Stock Markets.
MORNING REPORT.


MORNING REPORT.
NEW YORK, Nov. "a, II q. m.-The stock market
opened generally strong, and 1s62 per cent.
above yesterdays closing quotations, the lat
ter for St. Paul, Minneapolis Il Manitoba. In
early trade the market still continued strong,
and further advance of 1@& per cent. took
place. III which Northwestern, Lake Shore, Indi-
ana, Bloomington & Western, and Michigan
Central were most conspicuous, but subsequently,
the list became weak, and at IL o'clock hichi-
gan Central and Northwestern fell off per cent,
Lake Shore 1s4c, and the remainder of the list
H@1H per cent, the latter on Canada Southern
and Delaware, Lackawanna l. Western. West
em 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
tions were touched at about II o'clock, the de-
cline ranging from 2 to 81 per cent. st. Paul,
Minneapolis Il Manitoba sold at 136, against
1929 in early dealings, Northwestern at 1871
against l35, st. Paul at 995 against lU25ss, MIS-
souri, Pacific at 97% agains. 1925, Texas Pacific
at S4$ against 381S, Kansas & Texas at 2S5S
against 3lA, Western Union ct 1915 against
8la, Delaware, Lackawanna and Western at
l24 n agaidst LII, Delaware & Hudson at 1861
against l083s, Canada Southern at GO against
6639, Michigan Central at "a against 961]i, Lake
Shore III agaius. 1917 New York Central at
lbs against 1913, Wabash at q against s93, pre-
ferred at 52T against So, Denver Rio Grande
at 80 against <21, Northern Pacific at
Al against A, Northern Pacific preferred at
9la2s against 1915. At about II o'clock a decid-
ed change for the better set in and prices recov-
cred 1S@2 per cent. There were but few pur-
chases to cover short contracts, and considerable
buying for investment. At 2 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 49,, 900 shares on the market, and the short
interest is estimated at $50 coo, one house alone
being short 45 1000, another IS 200, and another
$500. About noon, when the outlook was
black, and the panic seemed imminent, ray Of
sunshine started out of the gloom that the
Northwestern war had been settled; that Keep,
president of the Northwestern, and Riddle, pres
iGent of the Rock Island, were coming East on
a special train, and that Vanderbilt had ordered
his road to be kept clear for it. One failure only
has been announced-that of Buttr;ck & Eli
man, of IS Wall street, young house. Liabil-
tiles not known. They report that they had no
contracts with the Stock Exchange. Buttrick
was FOR many years confidential clerk OF Fisk &
Hatch. The failure has no significance.
PHILADELPHIA, Nov. 22.-The failure Of Oswald