Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-27

euCu uOuOtIul SCate generally tnaC lev
care to continue transactions from on,
day to another on the stock market. Tn,
quotations for Northwestern showed a de
cline of from 4 & to 2 below last evening"
closing at the opening of to-day's business
Subsequently a further decline in the
same line of stocks was shown of from 4
to 1, while the remainder of the
list varied. It is believed that the shor
interest in the market has been substan
TALLY covered. During the past two days
there has been good deal of buying OF
foreign account.
: The result of Secretary Folger's action
yesterday, in anticipating the payment OF
the 10th call, brought in little over hall
a million dollars in bonds to-day, of which
only very small portion belongs to pre-
vious calls. 1t was known at an early hour
this morning that Secretary Folger was
celebrating over the advisability of call
ingl in 25,O00,000 more of the 80
per cents, to be paid without
rebate of interest. Bankers here
were more or less confident that the call
would be made. What the decision would
be was so well known that its announce
ment was simply looked upon as ques
ton of hours. During the recent depres-
sion hundreds of thousands of dollars have
been poured into Wall street by outside
parties. The amount of money withdrawn
from legitimate business is inestimable
Further depression means not only ruina-
ton to the people in Wall street, but to
thousands of people who never put their
foot in wall street except to buy stocks
for Investment, to take them out of the
streets. Thousands and thou
sands of shares bought in this man
ner have dropped during the
past three days. The lower the market
sinks the more general its aims extend
and the more sweeping its destruction.
The most conservative bankers and brokers
are expressing much anxiety and urging
the secretary of the treasury to put an end
to the crisis.
When Secretary Folger's order relative
to the calling Of S1O,0OO,OOO more of the
81 per cent. bonds became known at .
o'clock this afternoon, the stock market
began to improve and confidence seemed
to be partially restored.
at Il meeting of the executive COM
mittee of the Chicago & Northwest
ern Railroad company to-day, a SEMI
annual dividend of 81 per cent.
on common stock and quarterly
dividend of 2 per cent. on preferred stock,
both payable on the 9th of December, was
declared. The surplus earnings will not be
turned into the fund for extending and i'm
proving the road, as was suggested.
The corner in November corn continues
firm and sales were made to-day as high as
S1.0f per bushel. The deferred options
for corn were also higher. kilograms
from Chicago say that heavy rains prevail
in the southeast, and as this would have a
tendency to diminish the supply of new
No. corn. prices remain firm.
President Keep, OF the Chicago G. North
western Railroad company, said that
the sole object of his visit to this city is to
attend a dividend meeting. lie has no
idea of trying to patch up peace between
the other roads now at war in the North
cided to omit the dividend, the money thus
saved to the treasury would be used in
further developing the facilities of the
railroad.
At this writing there seems to be no
prospects Of q settlement Of the railroad
war in the Northwest, and dispatch from
Chicago states that it will continue for an
1o&
Omaha and of the Rock Island rail-
rords are heartily supported by their
boards OF directors in the course
they have taken so far.
Mr.. Benjamin Brewster. one of the
Omaha directors, stated this afternoon
that, so far as his road was concerned, the
tight was not in any sense personal mat
ter. There was certain territorial rights
to be decided, and in his Judgment it was
better to settle them now than to wait
longer. They had been pressing upon the
attention of railroad men for a long time,
and it is for the best interests of railroad
prosperity that they should be determined
finally. His road would, he said, insist
upon what was their clear right. The
present contest was not new, but for many
months the roads have been carrying
freights for barely enough to pay the
mileage on the cars used for the traffic.
The Late Thurlow Weed.
ALBANY, n. Y, Nov. 25.--The remains Ct
Thurlow Weed arrived this morning and
were taken to st. Peters church and are
being viewed by thousands Of people.
A. brief funeral service was held il
church this afternoon. The ediice was
crowded to its utmost capacity. Among
those present we're the staff OF the Euening
Journal, the paper founded by Weed,
and 200 employees of the printing house of
Weed, Parsons d Co., were also present.
At the conclusion of the services the re-
mains were taken to !Riveal cemetery and
placed in the receiving vault. AS the cor
tege passed from the church, minute guns
were fred.
Reduction Of Wages.
PITTSBURGH, Nov. 25.-It was reported
that the Edgar Thompson Steel company
had notified their men that reduction in
their wages would take effect on Jan. L.