Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-23
Financial and Stock Markets.
MORNING REPORT.

Financial and Stock Markets.
MORNING REPORT.
New YORK, Nov. %, IL q. m.-The stock market
opened generally strong, and 1sG2 per cent.
above yesterdays closing quotations, the lat
ter for st. Paul, Minneapolis Il Manitoba. In
early trade the market still continued strong,
and further advance of H@sz per cent. took
place, i'll which Northwestern, Lake Shore, Indi-
ana. Bloomington & Western, and Michigan
Central were most conspicuous, but subsequently
the list became weak, and at IL o'clock hichi-
gan Central and Northwestern fell off per cent,
Lake Shore nc, and the remainder of the list
H@1Z per cent, the latter on Canada Southern
and Delaware, Lackawanna & Western. West
en Union is 79X and Union Pacific lO4
The Post says: The day on the Stock Exchange
was an excited one, yet singularly free from
rumors, and the few put in circulation were
found upon investigation to be entirely without
foundation. The bears, however, made use of
the railroad war in the northwest to attack the
entire list of active stocks with view of fore
ing sales by weak holders. The lowest quota
tons were touched at about II o'clock, the de-
cline ranging from to 81 per cent. St. Paul,
Minneapolis Il Manitoba sold at 136, against
1925 in early dealings, Northwestern at 1917
against l35, st. Paul at 99T against lU2T, mis-
sour Pacific at 97% against 1021S, Texas Pacific
at 343l against 381s, Kansas & Texas at 2S5SS
against 31sl, Western Union at 1913 against
8i5z, Delaware, Lackawanna and Western at
l24 q agaidst LII, Delaware & Hudson at 1867
against i08ss, Canada Southern at 62 against
6639, Michigan Central at "a against 961i, Lake
Shore ILL., against ;i9j5, New York Central at
lbs against 1913, Wabash at q against 395k, pre-
ferred at 52T against So, Denver & Rio Grantle
at 50 against z2L, Northern Pacific at
Al against A, Northern Pacific preferred at
9l2s against 1915. At about IL o'clock decid-
ed change for the better set in and prices recov-
cred 1k@2 per cent. There were but few pur-
chases to cover short contracts, and considerable
buying for investment. At 2 O'Clock prices were
stronger all round. The officials Of the Northern
Pacific state that the payment for the land re-
Gently sold by the company will be made with
preferred stock purchased in open market.
There have been large transfers of the preferred
into strong hands for several days past.
The short interest in Western Union is sup
posed to be the largest ever known. There are
only 1876, 0CO shares on the market, and the short
interest is estimated at $50, CO0 one house alone
being short A, ZOO, another $4,000. and another
$500. About noon, when the outlook was
black, and the panic seemed imminent, ray Of
sunshine started out of the gloom that the
Northwestern war had been settled; that Keep,
president of the Northwestern, and Riddle, pres
i6ent of the Rock Island. were coming East on
special train, and that Vanderbilt had ordered
his road to be kept clear for it. One failure only
has been annourced-that of Buttrck & ELL
man, of IS Wall street, a young house. Liabil-
tiles not known. They report that they had no
contracts with the Stock Exchange. Buttrick
was for many years confidential clerk OF Fisk &
Hatch. The failure has no significance.
PHILADELPHIA, Nov. 22.-The failure Of Oswald