Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-26
The Upward Movement in Railway
Shares Still Continues.
VANDERBILT AND GOULD VISIBLE
Both Supposed to be Bent on Wreaking
Vengeance on the Bears.
THE WILLARD INJU NOTION SUITS.
The Chicago Grain and Provision Mar
kets Some what Lower.
NEW YORK.
Ispecial Telegram to the Globe. !

Special Telegram to the GloDe.
New YORK, Oct. 25.-On the stock ex-
change to-day the market was quite bril-
liant at the opening. The shorts were
handled most unm mercifully. An advance
in Illirois Central to 1873 B was the feature
of the urst hour; then came sales of Michi-
gan Ce- ri at 96115 and Lake Shore at 101.
st. Pau p'uohed 9915, and the whole line
became b,,oyant. The bears resisted the
advance IL Northern Pacific, but seemed
powerless. The Vanderbilt brokers were
as busy IS bees, and Central & Hudson
was purchased IN large amounts. The
stock was worth 1 16 for use, Michigan
Central, Jersey Central and Denver COM
manded a small premium also. Northern
Pacific earnings during the third week
in October increased $106 600, Canadian
Pacific for the same tins gained $65,000
Sharp reactions occurred durinl; the after
noon, which were natural. The tendency
is towards higher prices. Many new faces
are seen in Wall street, and their orders
are to buy stocks.
Baker says: "The bulls opened the
market at a handsome advance on yester
days prices and marked up the whole list
rapidly, as if the prices paid for stocks
were of no account to them. The few
bears left hastened 30 coYer, and helped
the upward movement. The Vanderbilts
still lead the market. To-day it was Lake
Shore and New York Central which took
the first places and Michigan Central was
contented to remain about steady. st.
Paul was active and higher, and so was
Union Pacific. In thu Wizards, ,Trans-con-
tinent8l was the most active, but Northern
Pacific preferred showed the most steady
strength. Il was reported that a synd;
cate we're buying it to pay for 35O,050
acres Of land along the line of the road.
SoCu after noon there was a hesitation in
The general advance. Some big bears be-
gan selling, especially in Lake Shore. and
there wers large sales to realize profits
throughout the list. Il was reported that
Vander5ilt's brokers were selling; also
that there were large sales
for foreign account. There was
considerable liqaidatIng of the
bulls pools. The close was weak, al
though many stocks sold at above the
closing prices of last night. The rise has
been too rapid, and has eliminated for the
present.
Clews says; Vanderbilt and Gould are
at the bottom of the bull turn in the mar
ket. It will hold while the shorts continue
to be free buyers. At o'clock the market
was sustained to sell on, and was fed with
IL {ba
noon long stocks continued to come out
freely. There were large offerings in Lack
awanua." Commack bought 10000 shares
of Lake Shore this forenoon. There have
been several attempts to depress New York
Central. Each time the stock has
been lifted as quick as thsre was any at
tempt 30 buy. Stevens sold 1000 shares
at 1881, Just before the jump to 119A.
1t was stated that $4,000 shares of New
York Central were called from one house
this morning. Oregon Transcontinental
sold of on of rumor of g
suit to be brought against the company
on account of the invaldity of some of its
acts. Insiders IN Northern Pacific say
they have 10 kncwledge of any new suits,
but if the shorts think they can improve
their position by bringing one they are
welcome to try it. ys The Woerishotfer-
Commack gang are badly whipped aud
continue free buyers. The market
is sold with wonderful tenacity. Both
Vanderbilt ssl Gould are doing their best
to make sustained bull market. The
street generally has come to the conolus-
ion that Mr.. VIM. II. Vanderbilt has
drawn On what Mr.. Jay Gould calls his
''fghting boots," or as the Hon. Russell
Sage expressed it, ''got his Dutch up" and
is going for the scalps of those whom he
recently characterized as sneak thieves.
His stocks have led the market for two
days with a violence that has taken good
deal of financial vitality out of the bears.
The opinion is freely expressed that the
son of the commodore is particularly de-
sirious of capturing the dandy
locks of Mr.. Henry n.
Smith-indeed wants to clean him out al
together. Mr.. Vanderbilt is known to have
very pronounced views as to the owner Of
Goldsmith Maid, ,and is said to have had him
especially in mind when he launched his
recent invective against the bears. His
aversion to Mr.. Smith would seem to cor
roborate the story that Willie KS associa-
tions with that gentleman did not result tc
the advantage of the younger Vanderbilt
The heaviest buyers in the late corner il
Northern Pacific preferred are said tohavt
been h. n. Smith, G. F. Woerishofer
Victor Newcomb and Addison Commack
Mr.. Woerishofer is said to have made
private settlement on 10000 shares
Saturday. A prominent Vanderbilt
broker predicted that there woult
be an advance right along IN Lake Shore
st. Paul s. Northwestern. Gould tells hi
friends that he is lcng on the market, bu
is not buying any more. D. o. Mills sait
it was very unlikely that stocks would sci
as low again this year ss they were las
week.
circular was issued Oct. II, by th'
Northern Pacific Railroad company, call
ing a meeting of the preferred stock
holders Nov. 20, to vote on proposition
to issue second martgage of $4,000, 900
Judge O'Gormen in tha spnar;or oonrt N