Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-25
GIVING THE BEARS MERRY FITS.
a Good Demand for Yanderbilts and
Northern Pacifics.
INJUNCTION SUITS FAIL FLAT
Strong Markets in Chicago on Every
thing Save Pork Products.
NEW YORK.
Especial Telegram to the Globe. |

this IL ing stocks opened with whirl
somesa being made at from 1 to 2 pc
cent sb9,, the closing figures last even
ing. Oregon Transcontinental led in &C
tivity and sold of two points with tht
greatest ease, 1t covering latsr. The hant
of Vanderbilt was apparent arnong hi
favorites, and Michigan Central was agaiI
bitter pill TO the shorts, who made
haste to cover. Ine earnings of the
Northwestern show gain of $4,000 fol
the third week il O:tobar, and the Omaha
a similar amount. Northern Pacific, pre-
ferred, remains firm at ebo't ,63. The
wager offered with much pom posity some
days ago, that 1t would sell belo% 10 dur
ing the present year, has beea quietly with
drawn At O'Clock Michigan Centra!
sold ct 30, and within an hour 94 and 90
was paid. The whole list ad-
vanced, and there appeared
to be q scarcity OF all the dividend pay
ers. The bearish element vas completely
demoralized at the last, and the opposition
prophesy that they viii be dealt with Sc
verely tomorrow.
the day of his reception Saturday nexO,
there will be ~ S.. Paul for sale below
par. The earnings OF the road for the
third week of October increased $4,000.
Day says: "The bulls have scored an
other victory to-day, ana the bears have
been routed, horse, foot and dragons"
Kiernan says: The market opened
strong. In some cases prices we're nearly
one point above last nights closing,
but Ills strength did not last, and
the wi ole Iss sold off quietly,
though not without soma rapid rallies in
certain stocks. The Vanderbilts were The
leaders Of tho market in poin5 Of activity
and streogth. The Gould stocks followed
slowly while the Wizards were decidedly
weak. There vas much selling OF Oregon
TeRnscoltinental. 1t was said that $4,000
shares were sold by the old bear party,
and this vas explained when it became
known that these seperate suits had been
begun against the Northern Pacific to en-
join the issuing OF a second mortgage on
the ground that it could be made on the
property without consent OF congress.
Soon after noon a determined effort
was made to force the shorts to cov9r IN
Lackawanna. This was partially success
ful, aud was followed by vigorous lift
of the Vnuderbilts, which caused q regular
boar panic and put prices up on The jump.
In this movement Oregon TranscontiEen-
tai and the Northern Pacific participated
in spite of tbs Injunction salts. The close
was stroug, and the bulls for the moment
seem to be ma7Eera of the sltuation."
CIews says: There Is quite bear PAN
ic, and the market was wild at one time.
The shorts were badly scared and were
competing as buyers. The effect of the
Injunction against tho Northern Pacific
has abous exhausted ITSELF. Iaokawanna
looks like going higher On good and large
buyers. The market hss a good bottom
and tbs bulls are showing determination
and grit, while the bears show none. The
bulls have the market well II hands,and tbs
bears are badly demoraized, so prices are
easily manipulated upwards, St. Paul
lookinc ljIo going higher. The Commack
crowd. Who have sold Oregon largely to-
day, arc buying L4ckawanna largely. The
weakness in foreign exchange is q favor
able feat, and foresnadow5 gold COM
ing this way.
Still dealers do not recommend buying it.
The Woegschotfer crowd got most of their
vim and force through Il. n. Smith, who
is naturally smali-sized steamboat, but |
he has been so much hurt by the Northern |
Pacific and Michigan Central corners as
now to have lost his grip. Commack sold |
5000 shares Oregon Transcoptinental to- |
day. Mr.. Dinsmore, Of the Adams Ex- |
press company, tells his friends the Penn |
sylvania road is going to cut rates.
Vanderbilt was finally succeeded in |
turning the ride on Wall street specula- |
ton to the bull tide. His recent impre- |
cations against the bears were evidently |
more than idle utteranees, and fully re- |
fected The anger which at the time con-
trolled his feelings. The Oppression,
which had been forced in his roads, to-
gether with the losses which himself and
family had suffered, had aroused his SLOW
nature to action, aud developed g desire
for 'swee. reyenge" upon his would be
wreckers.
A special meeting of the stockholders of
the Canadian Pacific railroad will be held
at Montreal, November 5. The stock
transfer books will be closed from October
81 to November Z.
Within two years the shrinkage Of values
in the stocks traded in on the stock e1-
change is estimated at over S1,500,000,000
OF l2OO,00O,0O0 more than our national
debt.
The Lake Shore & Michigan Southern
road, under the Vanderbilt control, re-
ports that it operates 1924. 81 mileslof road
with S5O,OOO,OOO capital stock.
The bonded debt is $4S,19200O, and the |
floating debt, including $1,7OO,OOO for new |
equipments, amounts to $1,172,397. This |
runs TIE aggregate Liabilities up to $s4,-
564,397, an average amount per mile of |
$99,924.
A San Francisco telegram says: "It is
gratifying to know that thus far We fail to |