Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-09
NEW YORK.
Especial Telegram to the Globe. !

Especial Telegram to the Globe.I
New YORK, Dec. e.-To-day's market has
been & disappointn ent It wss generally
expected that considerable rise in prices
would take place this morning in conse-
quenoe of the probable breaking up of the
tripartite alliance of the Union Pacific,
Chicago, Milwaukee & st. Paul and Chi
cago, Rock Island d Pacific companies,
but although the opening was somewhat
higher than the last nights closing, there
was very little gain. During the morning
prices simply remained slow and steady.
There was some covering of shorts but very
little buying for long account, and the vol
ume of transactions was small. The bank
statement showed decline in the reserve
of $1,52S, 225, but this had little influence.
The outlook, however, is not encouraging
TO the bulls. Prices seem to decline more
readily than they advanced. The Gould
stocks appeared to be fairly strong. Den
yer advanced little at the opening and
held the gain quite well.
It is reported that Cammack has cover
ed up his shorts in ST. Paul. New York
| Central declared its regular dividend of
| per cent. The books close Dec. 18th. The
Lake Shore directors will NEST
in few days, and it is said
viii declare their regular dividend. Both
companies will make most favorable
showing.
The market reflects the disposition Of
brokers end operators alike to await the
settlement Of the Iowa pool difficulties
and the appointment Of the different com
mittees by Mr.. Carlisle. Il is understood
that the Northern Pacific has received cssE
for $15,000,000 of the second mortgage
bends taken by the syndicate Of bankers
! and has that amount in its treasury now
The hand Of Vanderbilt in Reading wal
| again shown yesterday and to-day. 1t wal
reported yesterday, with what trnth i
is impossible 10 discover, that he has
some of his own experts over to ex4min;
the books of the Reading Railroad com
peny to find out if Mr.. Governs story wa
warranted, and if the company had reall!
earned the per cent. on the stock claimed
by him, and that upon their report he hex
| bought more stock. However that may be
your correspondent Las traced one larg
order to buy in this market to broker
who operated in the Vanderbilt interest
but there is little doubt expressed here tina
Mr. Vanderbilt has taken in at least 1000
moro shares of Reading in exchange TO
the Northwestern stock that he has soil
during the last week. To day it is givel
out on pretty good authority that the Van
derbilt system of management By tbs ex
ecutive committee is to be introduced int
the Reading, and that Mr.. Gowen is to b
made chairman of the executive commit
tee to be appointed by the new board. Thl
will make him virtually the highest author
ity in the road without compelling him t
attend to the detail of signing his name
president. Is is said that the stochholdeI
of the Buffalo, New York d Philadeiphi
railroad will hold meeting Dec. 81 to II
crease the debt So. 100000, of which 81
100000 will be used in the purchase of &C
dit;onal terminal facilities and equip
msnt. the remainder to be kept in tn
treasury. syndicate has been formed
take the new bonds.