Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-02-04
WALL STREET GOSSIP.
The Ups and Downs of the Street Yesterday
--S0me Valuable "Pointsre" Perhaps.


--some Valuable "POintsre" Perhaps.
NEW YORK, Feb. S.-The course Of Wall
street markets depends in alarge degree on the
condition of affairs abroad. II saturdays set
Element at Paris is made without serious dis
turbance the market will undoubtedly advance
next week. The leaders are understood to be
in position where they can sustain prices
Or advance them as circumstances seem to Re-
quire. It is certain considerable purchases of
stock have been made in this market for Lon
don account. A Broad street firm bought
10000 shares for European account Tuesday
and Wednesday. A leading foreign banking
house received orders yesterday to buy 10000
shares Of London stock. Another foreign
house bought 5000 shares of New York Cen
trail yesterday to cover short sale made early
in the week. One or two private cables give
an unsatisfactory account of the situation at
Paris. Others express confidence that the
worst is over.
The Baltimore & Ohio has formed an alli-
ance with the Erlinger system, and secured its
cooperation In the Jersey deal. It is under
stool the Baltimore & Ohio company will, H.
stea1 of building line through Delaware. con-
meet It's road at Martinsburg with the Harris
burg & Potomac line, which will give direct
conn ction via the Reading Il Jersey Central
with New York. Details have been fully az
arranged, and the new interest will come into
control without any contest.
Il Is reported plan is on foot for the pool
ing of tbs anthracite coal business for term
OF years.
The parties whose selling of Western Union
attracted SO much attention few days ago,
are known to have sold with the expectation
of huyIng more cheaply. Very important de-
yelopments are likely to take place In Western
Union SOON. Parties who know what is soon
t. transpire are buying stock for sharp rise.
The e4rulEss Of the company showed an in
cr-asr last VI ek of about $4,000.
Vander5ilt's and Gould's houses are alike
bullish Union Pacific. Important negotia-
tions between the Union Pacific and Central
Pacific are penjng, md 1t would not be sur
prlslng II closer relations between the two
companies came into existence during the next
thirty days
Chesapeake & Ohio is said to be ready for an
advance whenever the market is favorable.
The earnings of the road show large increase
for January.
Denver & Rio Graude earnings increased
more were large buyers of government bonds
in this market yesterday. The demand for
good railroad bonds is improving.
President Keep, of the Northwestern COM
pany said last evening that no meeting Of the
executive committee was held yesterday, and
that none would be held during his stay in
the city. Parties last evening claimed to know
that certificates for q new issue of Northwest
ern stock had been prepared. It Is sad devel-
opments of importance in connection with
the st. Louis & San Franchises road will soon
be made public.
PHILADELPHIA, Feb. 3-The story that the
through business of the Baltimore & Ohio
railroad for New York is TO be taken to Ship
pensburg by the Baltimore & Cumberland
Valley, and thence transported to Harrisburg
and the Potomac, from which point it is to be
taken over the new bridge and carried over the
Lebanon Valley to Allentown by the New Jer-
sey Central, is accepted with hesitation. Mr..
Work, who has been negotiating with the
Baltimore & Ohio for sale to that company
of the Philadelphia aud Chester county char-
ter, pronounces the idea as absurd He says
the Baltimore & Ohio is determined to have a
lue as nearly parallel as possible to that of the
Philadelphia, Wilmington & Baltimore road.
aud one which it can have under its Individual
control.