Daily globe., 1883-08-10
NEW YORK.
Especial Telegram to the Globe, I

Especial Telegram to the Globe.
New YORK, Aug. 9.-The bears, not salts
fed with their successes Yesterday, vigor-
ously hammered the market again to-day.
The effect of their attention was most
apparent in Erie and Northern Pacific
preferred. Oregon TranscontinentaI was
largely dealt in between II and 7215. Den
yer was the leader in activity, and at one
time touched 3619. 1t is reported as having
earned a trifle over its fixed charges for
the six months ending last June. Boston
was free seller of Union Pacific. Its
earnings for June decreased $187, 200. ST..
Paul holds very steady. For the six
months up to Aug. 1st the improvement in
earnings amounts to $1,917,OOO. Atchison
for the month of July shows a gain of
about $4,000. There was considerable
bearish talk on the Northern Pacific, though
they recovered at the last from the low
figures of the morning. The trading in
the preferred was quite a feature.
Prices improved in the final dealings,
and the market had quite a firm appear
ance when the exchange closed. There
were evidences that some of the leading
bears were covering their short sales. Day,
Field & Colburn said: 'The market has
been very feverish all day. Oregon fuctu-
ated within narrow limits, and the Northern
Pacitlcs were supported at every sign of
weakness. Some of the leading bears were
quiet coverers of their stocks during the
morning. Reports Of further dry goods
failures in New York were circulated, but
were untrue, and we cannot learn of any
that are in danger. After careful inquiry
among the dry goods and wool trade, we
find the feeling hopeful, and all houses
considered in sound condition. Gen.
Palmer has resigned from the Denver, and
it is said Cassall will be elected
iu his place. A meeting of
the directors was held this afternoon, and
adjourned without electing a president.
Four thousand shares of Oregon broken
out yesterday were sent to the Gould
brokers. Dreval, Morgan & Co. and Viii
lard were heavy buyers and as cheaply as
they could. Much of the selling in this
and the Northern Pacific came from Bos-
ton. The Gould brokers have been
buying Union Pacific for the past two
days.
Kiernan says a combination of New
York and Boston capitalists assisted by
Vanderbilt and Gould, Smith, Sage and
Morgan has been formed to put up the
market and twist the shorts. A Boston
correspondent wires that there has been
good buying to-day in their market. The
assured dividend paying grangers are
being quietly picked up. The Gould
stocks have shown great deal of quiet
strength all day, Earnings of Denver for the
first week in August increased $18,4OO. The
trasactions in Erie were unusually large.
The market closes with slight rally all
around, and with continuance of good
buying in Oregon.
Boody, Mcclellan & Co. said tomorrow
it may be Vanderbilts. No one can tell
what day may bring forth in Wall street
now. for the stock market is unsettled and
totally unreliable. Selling of Denver was
stimulated by an important meeting of
directors. Mr.. w. L. Scott came down
from Saratoga to attend the meeting and
it has been believed that the dissensions
existing in the management would find
vigorous expression. Friends of Denver
are speaking very confidently of an early
advance in the price of stock. They also
present figures indicating Colorado coal
and iron to be very cheap at current prices.
pretty careful and correct observer said
to-day: ''There is evidently more
than the usual amount of lying being done
in the stock market. One story which has
been freely circulated, which was reiter-
ated at some of the clubs last night, was
that certain company had been recently
borrowers from two millions to three mil
lions in the way of sterling loans for use in
sustaining certain stocks in the markets.
This is not only positively denied by the
bankers through whom the loans are said
to have been negotiated, but there has
been no evidence of any such transactions
in the exchange market. Another instance
is as regards Mr.. Gould's position in the
stock market. Some of those whose re-
lations are very intimate with him, state
positively that he has been and is yet
short of the Northern Pacifics and some
other stocks, and it is inferred from this
that until he can cover his short sales in
this line he is riding two horses, being a
bull in sustaining Western Union and a
bear in the rest of the market. Per con-
ira, it is denied by some who claim to
know that Mr.. Gould is short of the North
ern Pacific. Mr.. Gould himself, however,
says nothing, and it would not make any
difference if he did"
Ocean Steamships.
New YORK, Aug. 9.-Arrived: The steam