Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-08

NEW YORK.
Especial Telegram to the Globe. !

Especial Telegram to the Globe.
New York, Sept. THE market, though
it has been inactive most of the day; has
displayed considerable strength, and in
some instances marked improvement has
taken place, Manitoba and Minneapolis &
st. Louis preferred being prominent, the
former advancing from 149 to 1913, while
the latter sold at 7424. Texas Pacific and
Louisville d Nashville have been rather
active. There has been considerable bust
ness in Northern Pacific preferred. The
ST. Paul and Missouri Pacific have been
dull, but are firmly held. st. Joe
preferred broke to IS, decline of u
points since Saturday last. Pullman sold
at 1872 early, and later at
134B The annual meeting is
being held to-day, though the result has
not reached US. An extra cash dividend
has been mentioned as not improbable.
There were sales of st. Paul during the
closing moments at 1855. Lake Shore
jumped up to. 1872. There was good
buying of stocks generally, and at 3 p. m.
the market was strong, with: money easy,
and decided bull feeling prevailed.
Western Union. it is stated, will have
S2,40O,O00 on hand next dividend day,
equal to three per cent on its $S0,000,Q0O
capital. People from the west are gigan-
tic bulls. Men who have the reputation of
being hard headed talk about crops, and
general business, and railroad earnings, in
way that arouses incredulity in the mar
row horizoned streets. Even the corn
crop, they say, will be very nearly up to
that of 1880. Lake Shore has shown more
strength than for some days. There is
ground for believing that the Vanderbilt
party has changed its position somewhat
and is more disposed to buy than sell. A
gentleman from Saratoga says that the
effect of all the Vanderbilt talk during the
past month has been made to make opera
tors afraid of Lake Shore. The Willard
Mills party appear to be buying Transcon-
tinental and Northern Pacific The selling
may be from the inside, but it has not been
traced. Some OF the houses il
the streets say that Northern Pacific pre-
ferred viii go to par on this rise. There
were some very large transactions in North
ern Pacific preferred, one of 5000 shares,
one OF 2,G00 shares, and several of 1000 to
1,5oo shares. Il was reported that large
foreign order for the stock is III the market
A friend of the stock said this morning that
the street would be surprised to learn what
Mr.. Willard has in store for the preferred
holders: Some people are very confident
that q dividend VIII be declared soon;
others that a quarterly dividend of per
cent. will be declared on january 1. ! hear
from straight sources that Mr.. Willard
favors the payment of quarterly dividend
of more than p per cent. din January. 1t
is certain that about S4,0OO,OOO awaits dis
tribution on the preferred stock The
short interest in Union Pacific is under
stood to have been very largely
reduced within week Some
| insiders say that an advance in Union
Pacific is beyond question, especially
| since the purchase of the Hannibal & ST.
| Joe is understood to have been for the pur-
| pose of securing al connection with the
Wabash system, a through line to Chicago
The recent activity in st, Joe & Western
stock is a key to the whole NATTER said
L
| road, and gets from it through line to
st. Joe. The recent purchase will give
Union Pacific clear title to
the use of the Hannibal &
st. Joe. which road connects with the
Wabash and makes the Union Pacific a
practically through line to Chicago. Under
the circumstances 1 expect to see the stock
sell at $50 inside of eight months'
Omaha is all right said broker identi-
fed with the Vanderbilt interests THE
property will be leased to the Northwest
ern and on such terms that the stock will
bound upward 1 told you the other day
that you might expect to see declines and
rallies III both the common and preferred,
but no marked advancement either way
until the conclusion of negotiations is an
nounced. Any one who buys the Omaha
and holds them for few days will realize
handsome profit