Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-15
NEW YORK.
Especial Telegram to the Globe

NEW YORK.
Especial Telegram to the Globe.I
New YoRK, Dec. 1.-THE market for
most of the day has been a counterpart of
yesterdays. In some stocks higher prices
have been recorded. The Cmahas still
appear as leaders, and the common re-
mained the chief attraction all day. There
has been good deal of realizing going on,
and at times the market acted little !;
toppy. Some properties have failed to
make Much improvement, such as Wabash
ommep and preferred, Texas & Union
Pacific, Denver, etc. On ths other hand
Pacific mail advanced per cent, and
Pullman sold at 1875 "a 1855. There
was some business in the Chesapeake at
gains over yesterdays figures. Western
cd by the report fe- the quarter,
ana has been entirely neglected. Mctual
seld at $3.50 2SA. Erie preferred is be-
ing purchased for the dividends. Trunk
lines remain very quiet. Money continues
easy, which is of great Importance to the
bulls, who talk confidently at tho close of
advancing prices still higher. They have
| been preaching the end Of the railroad war
| all day. and have also .industriously cir
culated statements concerning the general
prosperity of the country, the enormous
railroad earnings, and the speedy adjsst-
ment of all elements that have been the
main-spring, thus far. in keeping the mar
ket dull, weak and unsettled. Western Un-
ions suit against Mutual Union, and Mutual
Unions suit against Western Unicn are to be
compromised; the small differences in the
elevated railroads, though not entering as
disturbance in the stock market, are
speedily to be adjusted. These are few
Of the hundreds Of -rumors Of an encor--
aging nature that have usurred TIE dis
couraging rErnors which have ruled the
) street with a patent grip for SO many
: days.
: Lake Erie & Western is quite strong
, on apparently well founded rumors tha
Mr.. Vanderbilt has been a heavy purchaser
= in order to use the road in connection witt
5 his new connection from Reading. Roches
t ter and Pittsburgh vas active and strong
}, on the report that the road is shortly t.
f be utilized In connection with one of tn
! big trunk lines. The Osborn party is re
c ported bullish on the trunk line stocks Of
d the ground that ths granger war has
e brought heavy business to the trunk lines
which have prOfted ky. full rates. They
r have not advanced proportionately, ani
J. offer good chance Cor turn.
l. Mr.. Smith is credited with having ad
l. vanced Lackawanna, and points that tn
J. stock will sell above thirteen this wee
= find believers. There has been excellen
Il buying of Delaware d Hudson for in
n vestment. The Sudden rise in Oman
y common was the result of working up th
II stock on an attempt to cover.
u An insider in St. Paul said this after
d noon that there were very large orders t.
r buy at Sill before the wa
,e broke out. Many of these order
III were given by people thoroughly familis
is with the property, and who now considt
III every point below S1.lO SO much cles
,e gain. There would be strong inside bu.
I'd ing up to about $I.10.
lg The Vanderbilt brokers are conspicuoV
as buyers of the granger stock again to-da
Is. said & prominent broker. 1t is general
lis accepted that Omaha will be consolidate
lg with Northwestern. and the street is on
th specuiating on the time. The best info
ed nation to-day thought that two and 4 ha
ne shares of Omaha common would be giv'
be for one of Northwestern common, al
,w Omaha preferred be ezehang
he share for share for Northweste
ce common. On this basis Oma
le- would advance further. Insiders are CT
On tainly very hullish On them, and have be
Go buying to-day.
SIT The Gropkic says that the general zen
s1- ment among commission brokers Is tt
I'D while the settlement of the railroad "
Of might result in higher prices tennporari
to the market has not yet reached lis low
nr- point. There has been little buying
ith commercial account, and the outside pI
no | aic is not an element, all speculation bel
,2,- confined to professional operators. +
ow country orders have been received, but
BUS buyers have taken very small profits.
T INV mt