Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-06
TEE State OF TRADE.
Considerable Activity in the Stock
Market Yesterday.
GOULDS BETTER, VILLARDS FIRA.
N0rthWesterns Strongest and Leading
Feature Of the Day.
WILLARD SEVERELY CRITICISED.
His Management Condemned By Some
Of the Leading Capitalists.
GRAINS AT CHICAGO FIRMER.
An Active Buying BY the Leading
Longs All Day.
Northwesterns Strongest and Leading
Feature of the Day.
WILLARD SEVERELY CRITICISED.
His Management Condemned By Some
Of the Leading Capitalists.
GRAINS AT CHICAGO FIRMER.
An active Buying BY the Leading
Longs All Day.
REV YORK.

NEW Yol.-, Nov. 5.-On The stock ez-
change to-day, the market during the
morning was extremely dull and without
feature of any kind. Do ng the afternoon
some life was created b ) & lapid advance
by Northwestern. 1t was rumored the
dividend on Northwestern preferred is to
be increased to 10 per cent. This put up
both the common and preferred, and the
other granger stocks 1859 IN sympathy.
The Gould stocks were also better in price,
but the Willard stocks remained barely
steady and very quiet. There viii be 10
session Of the stock exchange tomorrow on
account of the election.
Baker says: eve look for q stronger
feeling Wednesday, but have no confidence
in sustained higher prices"
Field says; Tho opening of the mar
ket to-day was dull and firm, and during
the first half of the day Northwestern was
the only feature. The persistent buying
in the preferred and its strength gave tone
TO the rest Of the list, and for the last two
hours the market had stronger appear
ance every way than 1t
has shown for great while.
Commgck has been q heavy buyer of all
lines Of stock to-day. Northwestern was
put up on reports Of largo earnings and
increased dividends. 1t was reported that
Judge Wallace had dismissed the injunc
tion suit against the Northern Pacific in
the matter of issuing bonds. The attor-
ney Of the road denies the report. The
market closed strong without being bid
up. Manitoba for October decreased
SG23,G0C.
''Clew says: est. Paul, considering the
recent good showing of earnings, looks
cheap, and We think Northwestern will lead
it higher. Chicago, Burlington & Quincy
is strong on reports that the company
will anticipate the payment of coupons,
as they have large cash surplus on
hand"
There is a report in the street that Van
derbiit, Gould, Miller and Sage had con-
ference yesterday and the strong and
higher market to-day is owing thereto.
The earnings Of the Northwestern for the
fou-th week of October aggregate
$963, ,1S3, which is 1888 per mile
on its 3,735 miles of road. The
earnings of st. Paul for tho same
time are $4,000, equal to $185 per mile
on its $50 miles. The earnings OF the
Omaha were $232,G3O, equal to $189 per
milo on it's 1925 miles. The brokers and
traders up town yesterday thought there
would be not much done in the market to-
day, but there was an impression that
values would harden somewhat this week
after electIon,an that Democratic success
had ia measure been already discounted
in advance. d. O. Mills remarked that he
did not think there would be any business
of Importance until after the election.
People generally well informed ssy the
short interest remains considerable, and
despite the assertion Of the old Windsor
bea -lique that thoy have all covered up
and hayo no interest on the short side, 1t
is known that the largest traders of this
party are still short and one of them put
ont new line of Lackawauna, and the
latter remarked yesterday that he disbe-
lieyed in any ouli market until after the
New Year The Vanderbllts fol-
loving continue to assert that
the management of their railroads are full
y satisfied with the business of their lines
and declare that the traffic is wonderfully
large and remunerative, considering the
du!lness in commercial and financial cir
cles. They refer especially to the wonder
full six months report of the Northwest
ern now in private circulation, showing
that full yearly dividends were earned al
ready, leaving those of the remaining six
months to be added to the oompany's
surplus, which is already $4,000.
Gould continues to talk exceedingly bullish
on Western Union. He says he has no
stock for sale under 90 and that $4,000
shares have been transferred 20 investor,
on the books within two weeks. II the
doatnE stock in the street was called in q
sharp advance would follow any day.
Mills says, The room traders are at
present the leaders. They have the stock
and are long OF the market, but they may
get tired in a day or two if no other buyers
appear, aud they will then throw them all
away"
Keeue's friends say he admits hay-
ing sold ont his Oregon Trans
continental and numerous other stocks.
The counsel for the Northern Pacific
says the Field suit against the company to
restrain the issue of second mortgage
bonds was withdrawn on the appearance
of counsel to argue the motion this morn
lng. Dunning, Edsall, Hart and Fowler.
MIR. Fields attorneys,ssy the action hiss not
been discontinued, and the suit has not
been properly removed to the United
States circuit court, and that as to indi-
Ytdual defendants the injunction is still
operative and the defehnants will disre-
gard 1t at their peril. The explanation
of the apparent disagreement between
the Northern Pacific counsel and
the lawyers for Field on the reported
withdrawal of the suit is contained in the
following sent to the Northern Pacific
counsel Saturday:
The plaintiff denies the right to have
this action removed to the circuit court
He maintains thst in all events The action