Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-09
NEW YORK.

New YORK, Nov. Son the stock ex-
change to-day, from the opening until
| nearly 1 O'Clock. the market was as dull
and uninteresting as could well be imagin-
ed. The fluctuations were within such
narrow limits that even an active;roon
trader must have found it difficult to make
even fraction of profit, Canadian Paci-
fic marked up above 63 at the last. There
was more life near the finish and prices
showed Improvement throughout. North
western, Delaware & Lackawanna and Ore
gon Transeontinental rather led in
activity. The feeling was quite buoyant
and the situation more in favor of the
bulls than at the close yesterday. Cam
mack is said TO have sold Transcontinental
and Laokawanna this morning. The man
ipulators of Canadian Pacific took advan-
tage of tie strength of the other stocks to
mark up their favorites in the afternoon.
1t is said the trunk line presidents met
to-day and settled the differences in short
order. This report will probably
be denied tomorrow. The traders
in the exchange are said to be
universally bulls. 1t is said that the
sellers of Transcontinental yesterday were
the buyers this afternoon.
Clews said; "During the fore part of the
day on the exchange the market was hesi-
tating, feverish and dull, but as soon as it
was announced that the trunk line meeting
had agreed to and settled all vexing ques-
tions, additional buying orders caused in
creased activity and started an upward
turn in prices all along the line, which
was fully maintained up to the
close. The bulls, owing to
the timidity of the bears, certainly
hold the vantage ground at present and
can make higher market if they so elect,
but their buying must be for longer hold
ing then Of late instead of throwing their
stocks back on top OF every small { rally"
Herman says: "The feeling upon the
market up town last evening was bearish,
aud the course of speculation, yesterday,
WAS generally regarded as Disappointing,
bu5 the selling of toward the close was
largely attributed TO manipulation by pro-
fessionals to entrap further short inter
est. The option of Oregon Trans
continental by Decker Howell at
47c was suspiciously regarded and
was believed to be trap to catch another
batch of shorts of the public. The selling
of st. Paul by Keene's brokers was re-
garded in similar light. It is understood
that the Davis pool in Canadian Pacific
accumulated 10000 shares in endeavoring
to sustain the price, but they sold all they
could work OF. The traders generally be.
lieve the market is going lower, and it is a
feet that some Of the larger and most
conservative houses in the street
give their customers no encouragement to
buy stocks, and say they can see nothing in
the present speculation to warrant trad
ing"
Woershoffer says: "We have seen the
last CT the gold imports from Europe.
Travers & Smith are doing nothing in the
market, but Csmmack, being wrong in
his predictions on Republican victories.
put out another line of shorts yesterday.
It is stated that he sold about 10000 shares,
partly of st. Peul, Oregon Transcontinen-
tai, Delaware & Lackawana, and Lake
Shore. The market is sustained by man
ipulatien, b1t too many long stocks are
row Offering and we look for lower
prices,' -