Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-08
NEW YORK.
Especial Telegrar. to the Globe ]

|. Especial Telegram to the Globe.1
NEW YORK, Dec. THE bears held G.
carnival this morning, and by free selling
of the Chicago, Burlington & Quincy,
Rock Island and Chicago 6 Northwestern
created an excited and weak market, and
demoralized the opposition thoroughly. -
suspension OF coal mining for nine Cay
by Pennsylvania company was used TO
depress prices also,and for time it looked
as though a small panic might ensue.
Orders for the dividend buyers made their
appearance. and checked the decline.
Friends Of the Northwestern bought the
stock. and there was purchasing OF Chi
csgo, Burlington 4 Quincy for Chicago,
account also. leading traders incline to
the belief that there will not be any loss
sustained by purchases at the present
figures of the better class OF stocks. The
jersey Reading com mbiuation was feature
to-day. The former YVES up over per
cent. The latter ia pointed for 60, and
we think will sell there. There was good
buying of Chicago, Burlington & Quincy.
The published report concerning the with
drawal of the Nickel Plate from the east
bound freight pool was officially denied
this morning. A prominent investment
house was buyer of st. Paul preferred
The Rochester & Pittsburg earnings during
the fourth week of last month increased
$19,6O0 and Chicago, Burlington & Quincy
let earnings increased for the month of
October $S2O,000.
Keens is reported as saying that in no
event can the bears depress prices over one
or two per cent, and that if the Iowa pool
troubles were out of the way he would buy
10000 shares 1T once. Missouri Pacific
was unusually strong, and was bid up pre-
sumably to sustain the rest of the list.
The short interest has become quite large
again, and there is likely to be a fair rally
caused by covering
The impression is more general to day thst
some satisfactory uuders tanJiDg has been
reached oy the Union Pacific and the com
panies in the Iowa pool. There is a rumor
that Vanderbilt is selling North esteIn;
another that tbs company is selling S1O.-
U00.000 new stock in crder to have ammu-
milton to fight tie St. Paul and Union Pa
citic with. The short interest is increas-
ing largely. Oregon TTanscontinental
has few friends and don't deserve any, 1t
transpires that the Indiana, Bloomington
d Western management bought the Cleve-
land, Columbus & Hooking Valley railroad
outright the other day. The same
parties, it is understood, will
bid for the Cincinnati Northern railroad,
to be sold shortly at receivers
sale, and the probabilities are they will
get in. Should they do so link of six
miles from Claysville Junction would
unite it with the Ohio Southern road, ena-
bling them to put coal and iron into Gin
cinnati easily and rapidly. The purchase
would also afford terminal facilities, the
lack of which alone, it is said, now pre-
vents the extension of the Indiana,
Bloomington & Western from Indianapo-
lis TO Cine nnati.
The warm vet we ather that has thus far
prevailed throughout the northwestern
part OF the country, is doing serious dam
ega to the clrn. which has no chance to
ory ana become marketable. Is the pres
ent state of the weather confines
any longer there Wil be but little market
able corn in nIiuois, Iowa and Indiana.
On this account the r-ilroads in the west
are growing very de-pondent, it being
feared that there viii not be enough bust
NESS 10 keep all the roads alive. The corn
crop n the above named states has been
far below the average, but if no further
damage had been done 10 the crop after
harvesting there would still have been
enough to insure the roads good business
through this winter. As matters now stand
the prospects for fair bushes.
are gradually vanishing. and unless there
| is speedy change in the weather the road:
will suffer severely. Nearly all the ole
gram has gone forward, and farmers who
have marketable stuff will not be so anxious
to dispose of it now, expecting better
prices hereafter. This Is already indicated
by a serious decline in shipments during
the last few daye.
| lis predicted that this weeks statemeni
OF east bound shipments will show a de.