Daily globe., 1883-10-30
NEW YORK.
Especial Telegram to the Globe. ]

Especial Telegram to the Globe.
NEw YORK, Oct. 29.--On the stock ex
change to-day the feature Of the first ho11
This morning was a sharp advance in Can
adian Pacific TO 6415. 1t closed OF Satur-
/ day at 61B. Oregon Trarscontinental
came next with rise to 1870. Canadian
/ Southern sold at 81. Minneapolis & ST.
Louis stocks were higher on the revival OF
! the CID rumor connecting them with the
Rock Island. The market became quite
ularly heavy in the last hour in Central
and Hudson. Among the light weights
east Pennsylvania preferred was the lead
er, advancing from 124 to 10. Oregon
Tcanscontinental sold at 49B be-
fore the close. The Northern Pacific
were not active. The preferred advanced
per cent, while the common. about held
its own. The bears have made some effort
to depres5 prices, and may attempt the
same thing tomorrow.
Baker says: "The market has been dull
but regular. The opening was strong on
/ the majority CT ttocks, but many of these
strong stocks weakened very soon, and
some stocks which were weak at the open
ing gradually gained an advance, while
4he rest of the lst declined. The Wander
although squirt was caused in Michigan
Central by the calling in of stock and the
stock lent al IS Per cent. premium
for use Western Union eft
one time become scarce for delivery
AID loaned at a premium of 81 per cent,
Oregon Transcontinental was well bought
and scored, q handsome advance. The
northern Pacific remained steady. Cana
dian Pacific was opened at very high
prices by its manipulators. It is we'll to
take the report that three per cent
dividend is to be guaranteed on the stock
by the Canadian government with great
deal OF the caution. There is little in the
market or situation generally to encour-
age the bulls. The market may be dull
aud dragging for while, but VIII, We
think, go lower"
The Woerishoffsr crowd wers big sellers
this morning. Michigan Central holds
tbs market. Old Vanderbilt
Is holding that stock for
all it is worth. The market is being helped
by the improved look in Gould's stocks and
the grea. strength of Oregon Trarsconti-
mental.
Clews says: "The bull turn of the mar
ket begins TO look as though it was almost
over for the present. It was weged by the
short interest, and most OF it has been
driven into the market, which is now in
clined to give way. There are some stop
orders IN Oregon Transcontinental at so,
FOR which The room traders are cunning.
st Paul looks cheap. The only vim is in
Oregon Transcontinental. The balance of
the market does not take stocks kindly
Lawrence says: "We hear that New
York Central and Oregon Transcon:inental
sill advance sharply. The
market Is strong with
indication of advancing. D. o. Mills and
following are heavy buyers of Omaha
common and preferred. Private adviees
from Cleveland, Ohio, says that the Lake
Shora October earnings for three weeks
show a considerable falling off compared
with last year. As matter of course the
Northern Pacific corner presents the great
est interest, the corners in Michigan Con-
tral and New Jersey Central being mere
incidents. Very few men care to deal in
these stocks on the bull side, while on the
bear side most of the operators take their
punishment quietly and swear they will
aever touch them again. Bat the position
Of the Northern Pacific stocks is full of
sil sorts of possibilities pending the rati-
dcation meeting of the stockholders,
which is to take place next month. The
asw mortgage is for s2o,0O0,OGo and the
bonds cannot be issued unless approved by
vote of three-fourths majority of the
preferred stockholders. 4 Mr. Fields, one
Of the PLAINTIFF, has obtained a temporary
!sjunstion, and the case will be argued
Tithin few days.