Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-07
NEW YORK.
Especial Telegram to the Globe. ]

New YORK. Sept. 6.-The advance in
railroad stock and the treasury action an
ticipating the payment of oalled bonds
raised the market. It was a good selling
morning, and large covering afternoon.
The change Of tone occurred in Wander
bilt's, but no indication of Gould bulling.
Large foreign purchase estimated upward
of S300,000,000 bonds will be rendered for
payment to-day. It is said the treasury
policy is undetermined. but the payment
of the October call of S3,5OO.OO0 will
probably be anticipated. The
Sage brokers bid up money, and Ballard
offered rates down to four near the close.
The prepayment of bonds is expected to
make money easy for a few days, but
strong demand for the South and West
will soon make fresh activity ConserYa-
tive houses look for Lackawanna advanc-
ing, A considerable short interest is al
legged. tits said Sage has been large
buyer. 1t is reported Osgood and Wander
bilt bought Reading. 1t is rumored Cas-
satt represents the Vanderbilt interests.
1t is said the 5 per cent. loan is nearly
placed. 1t is thought the Vanderbilt fol-
lowing has turned on Lake Shore The
road reached stop at orders for S1.1O15
and brought out good deal of stock.
Twenty thousand shares were bought be-
low Sill. A considerable short interest.
including the bull party in Nickel Plates.
1t is confidentially expected that
Vanderbilt has been buying in Oregon
Iranscontinental and considerable short
interest stock is expected. 1t is said Mills
is large buyer in the vicinity of 92c.
Northern Pacific preferred excellently
bought. Babcock's purchase is supposed
for Keene. 1t is thought Decker bought
for the insiders. The purchases appeared
to be inspired by the Willard Mills inter
ests. Haven hammered Texas and stop
ped orders at so.
Yellow fever reports were circulated
and much made of certificates signed by
Gould.
Strong interests are accommodating in
Louisville d Nashville. A greater in
crease of earnings is expected. An insider
said the Nickel Plate will not be satisfied
with z or 8 per cent. of Chicago's
business. He was bearish on trunk lines
IN view of expected developments, and
said Wabash earnings are all that could be
desired as far as the road is concerned. 1t
is understood a Western Union dividend will
be declared next week. 1t is said st. Paul
earnings will increased 100000 to $780,
600 weekly after this week. prominent
insider says the Omaha weakness is insig-
niicant, and lease to the Northwestern
will soon be announced. Vanderbilt brok-
ers take the same position. Bull points
on Michigan Central from good sources
said the August earnings are largely in
creased. There is a strong interest in Mis-
souri, Pacific and advance is expected this
week. 1t is rumored that the Minneapolis d
st. Louis will be thelbull card tomorrow, ,as
seventy-five and forty are predicted. The
lntimation of Gould buying Denver stock
withstood raid. Insiders expect marked
advance in st. Louis & San Francisco Sc
curltles next. The st. Paul & Duluth divi
dend is postponed until January, wher
31s will probably be declared. The Buffa
10 extension of the Buffalo, Pittsburgh &
Western is. laid into Buffalo. The Sala
nance division is nearly finished.