Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-02
Ghey Were Displayed in Wall Street
Yesterday to Good Eject.
ALL THE STOCKS SUFFER SOME.
Oregon Transeontinental the Feature
OF the Dealings.
GRAIN MARKETS SOME STRONGER
The Fluctuations Within q Very Mar.
row Range ALI Day.
NEW YOKK.
Especial Telegram to the Globe. !

Especial Telegram to the GLsse.l
NEw YORK, Nov. About every secur-
ity suffered loss to-day on the stock ex-
change. The activity and strength in
stllled Ia the market last evening, were
wanting t'i' morning and prices dropped.
With the exception Of fair sale in Oregon
Transcontinental there vas little doing
and stocks acted dumpisb daring the
greater part Of the day. Ts Borrowing
demaod for stocks shows i ainatioa IL
the short interest: Ths qlosa;ions n
Pullman Palace Car are ex-dividend and
ex-rights. There was tgife more life in
the final dealings, caused principally by
free selling of Oregon Transooutinental,
and Northwestern, St. Paul,
and Delaware & Lackavanna. This
resulted in prices touching sbou1 tbs low
est figures of the day at the faish. The
Northern Paciic5 were left severely alone.
1t is stated the road expects to be awarded
portion of the mail service, now con
trOlled by the other transcontinentsi lines,
which Is worsh about 100000 per anuum.
Kiernan says: "Tbe market has been
again Gull and irregular. The public is 10
5aliy Indifferent 10 the prices of stocks, and
there are largo nunbsrs of fictitious trans
aettoas. Ii is said the course OF Oregon
Transc2ntinental is entirely controlled by
Keene'5 lnanipulations. It wGs strong
and weak by turns day, and
more active than ANYTHING else. North
western showed considerable strength at
one time today, but the tendency was
genoraily to lower prices, and the clio e
was weak
Mr.. Darkee, director of the Erie road,
says: There is no trouble of importance
between tae trunk lines. 1t is too near
the close OF navigation to look for any
Ifuhk nae trouble" toA.4s
WOrthington says: Tho market looks
groggy and all stocks are now bound to
go lower for the want of buyers" Within
the past tzo days the cotton factories in
Canada have shut down snd discharged
all their hands, 1900 operators.
Clews says: The market is very
dull and in a condition not to take many
stocks without breaking. There was con
siderable pressure to sell Union Pacific
thie morning upon the announcement Chat
the government has ordered all Oregon
and British Columbia mails over the
Northern Pacific, thus taking from the
Union Pacific 100000 OF business. Too
advance yesterday was a Jim Keens ''fz'
which is exhibiting for a short turn. The
cotton market in Liverpool advanced this
morning on further covering of the shorts.
No moro failures are reported, but there
is considerable grief there. Keeue
is selling six months "'proads" on
Oregon Transcontinental at 35G70 for one
per cent. "Puts' Sage is selling Oregon
Transcoutnental at 30 to 40 for q FER
cent.
Gov Cornell is authority for tho report
thai Western Union wonld ray g per cent.
dividend hereafter. Tho holding back of
railroad earnings has doDe much 10 depress
the Vanderbilt shares. Who is profhng
by il?
A special meeting Of stock and bond
holders of the Now York, Pittsburg & Chi
cago railway will be held at Pitts burg. Pa,
Nov. ;, for the purpose of authorizing an
increase Of the bonded Indebtedness
of the company. Denver stockholders
are offered tho privilege of subscribing
to Che new bonds pro rata at Is, and Il
bonus OF 100 shlres OF new stock wIll go
with each $4,000 bonds taken. This will
increase the present $33, 100000 of stock
to $3S,000,000, and the company will re-
alize &3750,000 for $5, 100000 bouds and
S5,0000o0 stock. The surveying project
to parallel the st. Paul looks like project
of the bears. They will think twice before
carrying it out, and the second thought
will be against its building The large
selling of St. Paul is attributed to Mr..
Gould, but it is more likely 70 come
from Osborne Il CommGck, who
assert insiders are selling out
owing to disappointment regarding The
yearly figures which are now estimated ut
only S2S, 100000.
1t is understood that many of the stocks
en- route from London this morning are to
coyer shorts on the other side. Last night
it was said that more than one member Of
the bull clique had sold ont and Iaft the
others 10 hold the bag, and that these lat
ter woke mp to the fact and made haste to
sell what stocks they had. InnumerAble
poiuts to buy Oregon Transoontiaental
have been circulated for week past. They
were basgd upon statement which
it was sad would be out to-day and would
show the company's chief wealth rests IN
lands Of great value. Bears say that the
lands in question have been greatly over
estimated.