Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-09
NEW YORK.

Especial Telegram to the Glsbe.I
NEW YORK, Dec. 8.-A little animation
and improvement in Northern Pacific
property was all that saved the market
from becoming perfectly stagnant during
she morning. The scarcity Of the pre-
ferred had good deal to do with the ad-
| vance to 97c. As the demand ceased il fell
below 96c. The common showed much
weakness, declining from Is to 42s<c. The
announcement that the meeting at the
Windsor had adjourned over to SATURDAY.
apparently had little effect. In the last
| hour there seemed to be an impression
that something favorable would
be accomplished az to-Morrow's
conference and many rumors were afioat,
The st. Paul, Northwestern and Omaha re-
Elected this in making quite an advance.
There was more activity throughout the
List. The Vanderbilt stocks have been
quite firm, though exceedingly dull. Can
ada Southern sold at 6S and Denver recov-
cred to A. There were reactions in the
final sales from the highest figures. st.
Paul was 3 lower at the opening and Mani
toba lower, but Northwestern preferred
began the day higher than yesterday.
The first named property did not further
weaken in its preferred stock, but COM
mon eased OF trife, about
IS. In the afternoon common gained
2112, of which advance it lost u before
the final call. Preferred sold at 1% and
at the close of business was 15s higher
than at the opening. Northwestern pre-,
ferred was quoted the same at both ex-
tremes of the day, 1921, although at one
time this price was shaded d. Common
started out at 131, advanced to 1873 and
then receded to 1925. Rock Island
st started .at III, lost d, gained a and
retained its advantage. Omaha opened at
4611a, sold to 48 and closed at 4715.
Preferred strengthened =. Manitoba
q uoted first .at 14Os4, weakened ID, re-
recovered and advanced a, weakened
again and closed under where it started
this morning. Northern Pacific opened at
Az, dropped 1 e, rallied 25s, eased off
and closed at 1875. Preferred, however.
Is Is better than this morning. Union
Pacific fuctuated within a range of 1I
and closed at an advance of l Ii, Mis-
souri, Pacific Of q, Central Pacific of a,
and Western Union of "a.
An insider in st. Paul said that rumors
Of a settlement, based on the territorial
play, could be denied. st. Paul would
consider propositions for the division of
the traffic, but none which called for terri
torial restriction. or for the abandonment
Of roads owned by the company.
The fact that st. Paul earnings
had increased last week while those of 9TH
or roads in the fight decreased, showed
that st. Paul had the natural traffic The
road would carry S1,5OO,O0O TO its surplus
account this year. 1t has sold S4.OOOOOO
worth of bonds, and has received S5OO,OOO
in cash.
An insider in the Northwestern said that
the war was an outrage. The Northwestern
was heavy loser and had nothing to gain
The Illinois Central is becoming much dis
satisfied, and unless settlement is made
soon, there is q prospect of aggressive ac-
tion by that corporation.
The Osborn party is very bullish, not
only for a quick turn bat for q long pull.
Mr.. Smith 10 believed to be acting with the
Osborn party.
A prominent railroad man in q position
to know something Of Ar. Gould's opinions,
says that prices are net likely to advance
much this year, but boom is expected in
January. He thinks that Mr.. Gould will
not suffer serious complications to arise in
the Southwest.
Another rumor is that Gould and Van
derbilt have had another conference, and
the result will be big rise in prices. Gould
says markets will advance. The couserva-
tive doubt Gould's power to put the market
up unless the Omaha people are satisfied.
Also, that Keene has bought Jersey Gen.
trail, Gould the Wabash & Western Union.
Vanderbilt Northwest, Lake Shore and
New York Central, and Sage
the Southwestern shares. Likewise
that Messrs. Keene & Cammack believe in
low cx,1 / L. t.kA1