Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-18
NEW Y0Ra.
Especial Telegram to the Globe.

E0S>o-~ -SASs, AeNA w "ANS NASS'1
New YORK, Sept. IA feeling of dnllness
pre- railed in Wall street to-day on stock ex
change. The market was quiet and strong. A
weakne in the Northern Paci6cs developed at
the opening engineered evidently for the pur-
pose Of checking market viii h was ready to
advance. 1t lasted but short time, hawever,
being followed by active demand for stocks and
better prices. The trunk lines, particu larly
Vanderbilts, were conspicuous in strength, put
ting to rest the many rumors that war in rates
was near at hand. W stern Union was again
well supported, selling above 83c. The coalers
were firm, with but little activity in them. Ca
madam Pacific and Manitoba were III demand
and orders for them from London were
filled to-day. In the clio ing hour prices weak
ened come on reports that it was tno cool
for corn in the west. There was little frost
talk. The declines IN most instances were ]l@M
pr cont. from the highest figures of the day.
The N lrket was very quiet at last.
The general market was dull and hesitating at
the opening, awaiting developments in Northern
Pacific. Some pressure was brought against
these and Oregon Transcontinental, but it was
apparently withdrawn after the fist half hour,
and both stocks made good advance during
who er.te fer the Vanderbilt party Louis
vile & Nashyil e, also Denver picked up shlrply
and for time looked as if they were getting in
shape for higher fig res. Tie opinion seemed to
DO that If the passenger difficulties were amcably
arranged the market would reach
much higher prices this week.
The principal transactions were In
Northern Pacific and Oregon, as has been the
case for several days. The short interest is
very large in both these properties. There have
indications of outside buying to-day, aud there
has also been more signs of inside selling.
Som body has supplied all the Wabash common
aud preferred which was wanted, at Saturday s
closing OF little below, aud Louisville &
Nashville has been fed out in much the same
way. The bears talked about the Montreal
bank failure, the cutting of trunk line RATES,
and frosts in the west, but the street and hol-
ders og long stock don't want to hear about these
things, SO they had very little effect. Even
the bears havn't courage of their opinions,
and hes tate to sell short to any extent. The
|, close showed more weakness than was antici-
pated, due to an attempt on the part of those
who have been sustaining the market to dispose
of some of their stocks. Oregon & Transcon-
tinental declared the usual dividend of ~ per
cent, payab Oct Is.
During the last hour the market was marked
down on stories of frost in the west. The gen.
! eral tone, however, was good, and with the ex-
! ception of Gould stock the last quotations were
,, higher than the closing figures of Saturday
night.
There seems to be feeling on Wall street
tending toward investigation of the condition
and ofc IF fba 40
for instance, Messrs Brice & Thomas, formerly
of the Teney syndicate, are soing to investigate
the Ric mond & Danville concern, but then tn e
Buys are never satisfied with anything, and as in
the old betting story they now want to know
who is going to investigate Messrs Bricc &
Thomas. 1t is all very nice about Crl. Jones
holding the stakes but who is going to hold Col.
Joues?
Mr.. Gould seems to have given up, for the
present at all events, his much talked of voyage
across the world in the Atalanta. Indeed, it
would seem next to impossible to leave his many
in erests to the tender mercies of Wall street IN
the present unsettled state of affairs. The mar
ket is purely Gould market, aud there can be
| no great movement one way or the other ill the
corn crop question is finally settled. Another
| week or ten days will decide this. and we then
may expect more decided tendency upward Or
downward. The position Of Western Union is
Of itself sufi lent to keep Gould at home, for he
as well as his followers think that since the abor-
tive strikes over it 8, lis 100 low. No doubt
the holders eff Western Union stuck would be
81 d if .uch an impression oud be created in
Europe, and Gould wi probably wait until it is
created before he appears there in propri. per
sonae. He has already played two of his trump
cards by sending DR.. Green and his son George
over to London, aud course he does not wish
to throw his other trump cards away. Another
reason of giving up the projected trip prob
ably to be found in the rumorel alliance with
the Louisville AZ d Nashville road. The admis-
sion Of Mr.. Baldwin president Of the road to
the board of Westera Union directors shows
aoncusively there is a friendly feeling between
former rivals and it likely next month we
shall see Gould d Sage installed as directors of
tho Louisville and Nashville.