Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-17

movement was a report representing that
meeting was convened of the trunk lines
to determine the advisability of the admis-
sion of this road to membership of the
reached the street up to the close of bust
ness as to the result of
their deliberations, still the
hope was extensively indulged in that it
could not be but unanimously favorable.
When the market had reached its state of
greatest buoyancy and highest prices,
which was just prior to the last hour of
the session, it was seriously upset by a re-
port that the Iowa pool would surely be
broken up by the beligerent attitude as
sumed by the st. Paul company. This
caused determined selling movement
throughout the board, resulting in weak
and unsettled termination of its business.
An advance of one per cent in Oregon
Texas may be set down as the important
change among the active stocks. In the light
weight catalogue, Lake Erie and Western
distinguished itself by advancing to % as
against % last evening. The report Of
failures in Chicago yesterday had more or
less effect. These occurrences, though not
interfering with the business of the rail
roads, do frighten tiulid operators to some
extent and curtail transactions in stocks.
Missouri Pacific changed but little. The
road is reported as earning II and Il per
cent. on its stock right along. Some say
this must tell. Illinois central was
very quiet and unchanged to-day.
There was one quotation in Alton at
1889. The bears prophecy trouble in the
Iowa pool next week.
Jno. McGinnis said tonight: "The
market closed active and firm. have
just had a talk with Keene. He says he is
on the bull side and looks for a marked
improvement. The Transcontinentals state
ment is made up. All can Tell you of it
is that Mr.. Willard says it is even better
than he looked for. My guess is 1t will
not show an actual value of less
! than 20 for Oregon TranseontinentaI.
assume that it will be
given to the public next week. The recent
rumors that The Delaware, Lackawanna
d Western railroad was about to be ad-
mitted to the trunk line pool was con-
firmed to-day by Commissioner Fink, who
said with great apparent satisfaction,
Yes; the Lackawanna is one of the family
now. The contract by which it became a
member of thu pool was signed to-day -
In answer to an inquiry as to the percent
age allotted the Lackawanna road.
the pool commissioner said
that that was matter for
further consideration. An officer of the
railroad company said that Mr.. Fink had
visited the Office during the day and that
the negotiations between the company
and the trunk line pool tended towards
greater harmony between the railroads. It
was said that the question of a division of
the traffic would be settled at future date.
II we should join the trunk line pool he
remarked, it will be much less difficult to
prove the fragrant charges of rate cutting
on the road which commits the offense
As long as we are outside the pool
everything is laid at our door.
The negotiations will result in batter har-
mony.
The Union Pacific was operated in
August for 5215 per cent and for the first
eight months upon basis of SO per cent.
OF gross earnings. The Atchison, Topeka
d. Santa Fe was operated in September for
A per cent. of the gross receipts. The ex-
penses since January were AZ per cent. In
RECORD TO tbs business of the Union Pacific
ia fho&
satisfied with the patronage OF the
road, and that the company con-
templates ordering 1000 new cars,
1t is stated that while the gross earnings
of the Lake Erie d Western road for the
first quarter shows a falling off, the net
earnings are fully 100000 better than for
the same period of 1882. This is due to
the fac that operating expenses this year
are 62 per cent, as against 86 for last
| year. Through Pullman cars are now
run between st. Louis and San Francisco,
distance of 2,440 miles. This is the
longest continuous sleeper car run
in the world, with one exception.
The Southern Pacific road runs through
sleepers between San Francisco snd New
Orleans, a distance of 2,496 miles.
Reports have from time to time been set
aAoat to the effect that in his annual re-
port Postmaster General Gresham will
recommend the establishment of govern
msnt postal telegraph system. These re-
ports, it appears, have been entirely unau-
thorized. Their authors need not be sur
prised if Gen. Gresham should officially
indicate that he is not prepared to
make such recommendation. It is re-
ported that the negotiations between the
West Shore and Grand Trunk are based
on the following: The Grand Trunk is to
lease the West Shore for ninety nine years,
guaranteeing per cent. on the Yves.
Shore bonds and paying dividends up to 5
| per cent. on the stock as earned. When
an excess of per cent. is earned the road
are to divide the surplus equally. Nothing
! official, however, has been announced, and
| the parties in interest are reticent in re-
| gard to the matter.
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