Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-14

Sey CeuLral sOiU uOWu A18 pei Ccut. anu ioCoS'
cred per cent, and Missouri Pacific fell off l
per cent. and sold up TX per cent. Suisse
quently decline Of 1@1B per cent, New
Jersey Central and Missouri Pacific leading
therein, was followed in the late trade by an
advance of 11s@2x per cent, New Jersey Cen
trial, Missouri Pacific, Delaware, Lackawanna
& Western and Philadelphia & Reading being
prominent therein, while Richmond & DAN
vile sold up 5X per cent. to l17K. In the
final dealings New Jersey Central fell off IL
per cent. and Delaware. Lackawanna & West.
ern Is per cent. The market closed firm.
A drive was made at Western Union Telegraph,
with the result the stock was sent from 70x,
the opening price, to 1874. This may not have
been the intention of the attacking party, but
such was the outcome of individual heavy
buyers according to the Stock Exchange rec
ord. The strong market was not alone owing
to the transactions, but point to the fact that
according to the best authority Jay Gould
holds to-day of his original purchases, over
tifty millions of stocks. On this point the
Post has the following: "Wehave been told by
gentleman who was present that Jay Gould
this morning, at his private Office, showed the
following stocks, to-wit: $4,000 shares Of
Western Union Telegraph, l2s,o00 shares of
Missouri Pacific, and $4,000 shares of Man.
haitian Elevated railway. That all this stock
stood in his name and that no one of these
shares had been endorsed by him, which latter
is prima facie evidence they could not have
been out of his possession, either as collateral
Tor loans or for delivery on subscriptions
That exhibit " as made to refute the charges
that he had parted with these securities. Also
that he expressed his willingness, If any party
would take the time, to show them various
abroad bonds of par value of about
$50, 600, 0OO'' The transactions aggregated
ITS, 900 shares.
The Commercial Bulletin, in a financial ar
ticle, says: at the Stock Exchange there was
marked change in the tone of speculation,
this change havirg been toward improving
prices. This change was due first to report,
which found mapy believers, and was corrOb-
GRATED BY circumstances in the market, to the
-fsct that since Saturday several of the
wealthy SPECTATORS, including Vanderbilt, D..
0. Miller, Jay Gould, Cyrus w. Field and Rus
sell Sage, had agreed, in their respective
stocks, to place their capital and skill against
that OF other SPECTATORS working on the bear
side who have many millions of dollars and
raigu for Iower prices, ana who are also mas
ters of The art of manipulating the market.
Among number of The latter the most con-
rpicuous was J. T. Keene, FL. n. Smith, W. 4.
Travers and Addison Cammack. Second, a
| reason for the changed tone was that Jay
| Gould, before the opening OF business, to re-
| flute the rumors current that he was in a tight
place and that he had sold his favorite sc.
curities, made exhibit to party of represent
alive men of some of the stocks which he has
| In store boxes, these stocks being in his name
and not endorsed by him, the latter fact being
presumptive evidence the stocks had neither
been used as collateral for loaning or for de-
| livery on sales. From q gentleman present
we learn he showed $4,000 shares Mauhat-
tan Elevated railway, par value x5,0O0, 900;
q, 900 shares of Western Union Telegraph,
| Missouri Pacific, par value S12 800, 900, and
also offered TO take out for their count from
| various safes, railroad bonds of par value of
I! $50, 000, 0O0, which last offer was declined by
| the Inspecting party. These circumstances,
| together with the downward turn in foreign
exchange, the news that $4,000, 0O0 OF 3X per
| cent. bonds are to be called, soon to mature at
the rate of S5,000,000 per week, beginning
| with the week ending May 8, give an under
| tone to the market very different from the
bottomless pit foundation which 1t appeared
| to have in the late days of last week. OF the
entire list the only important stock which
closed lower than Saturday was New Jersey
Central, the remainder Of the list closing X@
| * per cent. higher. In the afternoon the
whole stock market was decidly strong, al
| though still feverish. e
The Commercial Advertiser says, in its last
| edition: The speculation showed great
strength and confidence in higher prices, and
the resistance to recovery in prices early In
the day has thus far resulted In adding to the
eagerness of the buying party to "get Ia" at
/ higher figures.