Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-08-31
low $3.50 and not many reached a higher
figure than 1878.
NEW YORK.
Especial Telegram to the Globe.

Especial Telegram to the Globe.
New YORK, Aug. 80. On the stock ex-
change to-day nearly everything favored
the bears, about the only excitement being
caused by little furry in Northwestern.
The weather was gloomy, cold and unsea.
sonable, with frost in New England. all of
which was decidedly favorable to bear
tactics. Northern Pacifcs were very weak
at the opening, and the market was ex-
ceedingly feverish in consequence. Lake
Shore and New York Central seemed en-
tirely without support. The transactions
centered in Northern Pacifcs, Lackawanna
and Lake Shore. Northwestern was sold
down to 1907 e by Slayback. and Lake Shore
to 9oA. AT tnese prices Bob Elliot bid
1919 for the Northwestern without getting
a share. At the same time Louisville &
Nashville acted tricky and showed a dis
position to run up at every chance.
The transactions in Northern Pacific
stocks for the first two hours were i'm
mense, and they were sold by the same
parties who depressed them one or two
weeks ago. Towards noon the market be-
came very dull. Every few minutes the
First it was Lake Shore, which was put
down in two minutes from 100 to SO; then
it was Oregon; then Northern Pacific, and
then Lackawanna. When Northwestern
began to be sold the cup seemed full.
Reports were circulated that w, Fl. Van
derbilt was unloading, and that it was
known that the executive committee would
be in session to day and favorable OPP
portunity given for a bear story. The
last card the bears played was the an
nouncement of snow storm
in the west extending to
| Chicago. From this time the market
improved steadily to the close. There is
believed to be very heavy short interest
in Lake Shore and Northern Pacific. There
is a steady absorption of good dividend
stock for investment on every depression.
Clafin reports very large fall trade in
dry goods. There was strong buying in
Louisville & Nashville. Woerishoffer was
large seller of Northern Pacific to-day.
The Boston market was strong. Kidder
Peabody & Co. were paying Atchison at
8112. Atchison closed at S1M bid, 80
asked. The brokers' market closed very
| strong. The bears are unable to cover at
| a profit to-day. Brady, Mcclellan & Co.
said sales of Northern Pacific preferred at
| 6923 and Oregon Transcontinental at So
were the disturbing features at the
opening this morning slight improvements
followed these depressions. The Wander.
bilts about the same time were raided
During all these attacks it was noticeable
that there was some quiet buying of the
better class of stocks, and the demand
continued throughout the day. Louis
vile & Nashville was active and strong. A
prominent house purchased 5000 shares
The stock became scarce for delivery, a;
did Central and Hudson Central of New
Jersey, and Northern Pacific preferred
About o'clock Lake Shore fell from IL:
to 120, which caused somewhat of furry
for the moment. The usual per cent
quarterly dividend was declared
on Northwestern preferred to-day
The business on some O.
our western roads is exceedingly heavy al
the present time. We understand that the
Chicago, Burlington & Quincy have no
only all their own rolling stock in commits
sion can do, but are large borrowers from
some of the stock lines. We can imagin,
what business waits them, when later il
the year an immense corn crop will re
quire transportation. The market wa
decidedly buoyant at the last. The Van
derbilts were all up to the highest point
of the day and the balance were firm ant
advancing.