Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-06
NEW YORK.
Especial Telegram to the Globe. !
nomination

Especial Telegram to the Globe.
New YORK, Jan. 5.-On 'change to day
the opening was quite active and firm,
with rapid advance in Denver above Asa
and a rise in Cleveland, Columbus, Cincin-
nati& Indianapolis to 81. The latter caused
by the announcement of a 2-per cent. div
idend, being the first declared since Feb.
1, 1881. Pullman sleepers in the face of
the 2 per cent. quarterly was firm selling
at 125. Northern Pacific common was in
demand and andTanced to 492 while Della
ware & Lackawanna recovered its dividend,
reaching 119. 1t and Denver have been
the leaders in activity. Omaha preferred
made sudden advance to 11324 during the
last hour, but the price yielded on account
of heavy RELEASING, which continued up to
the close. Money has been in fair supply,
at to per cent. The market has not
quite fulfilled the hopes of the bulls. 1t
has not boomed quite as readily as they
hoped that it would. Still they ought not
to complain. The booming tendency
manifested at the opening was suppressed
by selling, which might have been either
relaxing or the checking of a too rapid ad
vance. Operators usually having good in
formation thought the market had turned
and an upward tendency in prices would
continue several weeks. They thou ut
decline would be manipulated for the pur-
pose of buying, but that the reactions
would be too small to be worth trying te
reach. Brokers supposed to speak their
views said that the purchases of the
Southwestern stocks were likely to show
handsome profits. The Cammack-M Mills
interest talked higher prices. The Texas
wing Of the Twenty-third street party was
reported still bearish, but not very conf
dent. Vanderbilt brokers expect an ad-
vance. Mr.. Horton thought good deal of
Lake Shore and auth prizes the statement
that the tonnage of the road increased 80
per cent, and the earnings so per cent.
last week.
| A rumor was circulated in regard to a
proposed issue of bonds by the Lake Shore
to assist the expedition of Nickel Plate, but
no confirmation could be obtained. An
opinion of one likely to know is that Lake
Shore did not own any Nickel Plate
There was no reason in the rumor." There
have been rumors of Vanderbilt selling of
New York Central, but they have not beer
confirmed.
It was unofficially stated that the con
ference between Gould and Baker resulted
in no final agreement, but that the chance:
for settlement we're quite as good as they
! have been at any time. The point is made
that the Western Union can control the
Mutual Union only by lease. Now tha
the pooling agreement has tied up Mutua
Union stock until Jan. 10, 1886, there has
been rumor that the papers for such
lease have been drawn up, but confrmatory
evidence is lacking.
There has been large buying of Denver
to-day in the Osborne interest. The busi
ness of the year shows profit, after pay
ing all fixed charges, of about $50e,000
People who say that the stock has intrinsic
worth are buying on decline that it will ad
vance to 66 under manipulation. Pointers ar,
given this afternoon to buy Erie & Western
Peoria, Decatur & Evansville and Ontario
& Western. ''There was one excellent fea
ture in this market yesterday" said broke
to-day. Prices are exceedingly sensitiv
to bull points, while bear rumors mad
comparatively little impression. Thi
shows that the Judgment of the street i
considerably moderate. 1t looks upon tn
Gould and Osborne conference as matte
of some importance. Osborne broker
} were large buyers of stock immediatel.
} thereafter, and have been liberal buyer
again to-day. The purchase of Wabasl
} common made by Osborne & Co. this fore
noon were universally considered to hav
been on joint account. Another featur
worthy of notice is the fact that the larg
) operators and traders manifest more conf
3 dence in each other than for long time
r Several operators who a week ago wer
/ disposed to buy stocks, but who feared t
7 give other operators any opportunity fo
8 unloading, to-day manifested independ
9 ence as to who may be selling, and expires
great confidence in rise of from five t
t ten points during the month.