Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-23
EVEN Sc REPORT.
GoTEay TENTS.

!
Money 21I98}t per cent, closing al z per
| cent. Prime mercantile paper 6g57 p5r oapt.
Storing exchange, banker bills dulI at s4.80$IL
! do. ex. demand, S4os
! Governments-Strorc
Bonds-Railroa5 bonds frmer.
State Securties- Unchanged.
| Stocks-The changes il the market to-day
leave it generally higher than at the close Sat
| urday, VIZ: Northern Pacific common 1 per
cent, Oregon Transc cont mental 235 per cent,
Oregon Railway & Navigation per cent. D., Chi
cago Northwestern preferred 5 per cent,
Michigan Central ~ PEI cent, Canada Pacific
II per cent, Cleveland, Columbus, Cincinnati
& Indianapolis y per cent, Long island per
cent. Louisville Z Nashville l per cent. and
Chicago, St. Pa. Minneapolis & Omaha pre-
ferred per cen. The only stocks that are
lower are Northern Pacific preferred e Per cent.
and St. Paul, Minneapolis & Manitoba q per
cent. The turn in the speculative temper OF
the market WHICH begun last Thursday is de-
veloping new forces from day to day. At first
the popular opinion was that it was only little
7 squirt in New Jersey Central, then the Northern
Pacific preferred corner was pronounced by the
bears ID be only tempest in q teapot, but in
mistaken and there are some indications that the
| success Of the pears in the last few months has
betrayed them into some overselling Of other
stocks. 1t is cl-imed both Union Pacific and
Michigan Central a,e TO Z considerable extent in
that position and there are also some indications
that the fight in New Jersey Central has not
ended yet. 1t Is understood the PhiladeIphia Il
Reading party have taken about $3.50 shares
] n
| ana It Is rot improbable there may be further
Developments IN the struggle Ia that stock, not
! outstanding tie present appearances OF its
having been settled. The point OF Gowgn's
answer to the suit OF William B. Dunsmora was
that the Pennsgl7ani Railroad company is
DunsmOr5's hacker, and that all effort to annul
the lease and also TO depress the stock Of the
New Jersey Central, originated with the officers
| or the Pennsylvania company, who he charges
are short Of jersey Central. The market open
ed active and excited. TIE first Gales OF North
ern Pacific preferred were at 609505s and 591S
against 5917 at the close Saturday. Other az
tive shares were all higher in the early trading.
Northern Pacific common rau off to 25N against
ZIG 1874 at the opening. The dullness in these
shares was due to the bear manipulation entire
| ", 1t being stated that prominent operator on
the short side borrowed d round lot of prefe-red
| stock and offered it at easy rates with view of
creating an impression that stock was more
| Plentiful and no5 wanted owing to the closing
| of the books. The dullness was of short dura-
| ton, for before 10 so O'Clock a strong buying
| movement set IL, which gathered force as the
! morning advanced. Wizards were a feature,
advancing So PER cent for Northern Pacific
common TO 81 =, lu1S fo- preferred to 10, 81
. -7- Oregon Unconstitutional to 464, aud o.
f7r Oiegol Navigation TO $L.l05S. Cash sales,
Northern Pacific, 27A9 !6115127H, preferred
| 6S49 sag 7212 966 q difference OF 4
| 10 ~ per cent. The sharp rise
and activity in these shares caused gsuer rash
| by the bears for other active stocks and the ex-
cltement at one time w4s intense. About
midday there was regular bear panic and the
shorts N their anxiety TO cover rushed the prices
upon themselves. 1t was runored at this hour
that Union Pacific and Oregon Trans-Conti-
mental and Other heavily oversoid stocks were to
be twisted. After 2. m. the excitement sub
SIDED, and there wes d reaction OF Il to l per
cent IN the general lis, and ZGI515 per cent on
| Wizards. Northern Pacific sold down to 20
| and preferred to So, and Oregon Trans-Conti-
mental 70 4453. The reaction was due to reali-
cations. Howard ?. II. another buying move
ment set II and Western Union moved 10 to
7655, Oregon Traas-COntinental TO 36995, Louis
vile Ct Nashville to AK, Uuion Pacific to SO,
Northern Pacific 70 S01l. do preferred to 6S15,
and Northwestern to S1.203l In the last half
hour, however, the bears made vigorous attacks
on the whole market and succeeded in depres-
sing prices q to ~ per cent in the general list,
and ~ to 3 per cent IN Willard. The raid near
the close was engineered by operators who had
been prominent on the bear side for some time
past and are DESTROYS OF checking the improve
ment before public sentiment changed TO the
bnlI SIDE On the other hand it is reported that
the bull party IN Northern Pacific intend to fol-
low up their movement IN stock and for this
reason encourage short sales. Important deysl-
opments are expected In Oregon Traus-Conti-
Mental, and 1t is stated a powerful syndicate has
been formed IN the stock.
The EUeajsg Post says: There are rs yet no
signs that the general public outside &c Wall
!