Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-12
per cent. higher at ls41f, Union Pacific frsts Is
per cent. higher 1T lit.

per cent. higher at lS4af, Union Pacific frsts q
per cent. higher 1T H.
State Securities More active; Tennessee
skies, new series, sd az 8 AZ .ias5 35 at the
last sale and North Cirolina at 63>s against so
at the last previous sale; North Carolina sixes,
old, sold at 30!5 Other state securities quiet.
Stocks-Specalation at the Stock Exchange
was weak and lower on an announcement that
the tripartite agreement between the Oh cage,
Rock Island & Pacific, Union Pacific and Chi
cago, Milwaukee & st. Paul roads had been
signed. This was one Of the most important
pieces of news of the day. The bears affected
to construe this as meaning railway war and
made repeated attacks on the market They
also used the adjournment of the Iowa pool
meeting until the 18th against speculation gen.
orally, but mora particularly the Granger roads,
The tripartite agreement is for twenty-five years
and does not dsbar any Iowa roads from joining
the new assoclatio1. The question of territorial
rights is no longer at Issue, AZ each ,ad is per
mitted to build whore it likes. Oregon Nayiga-
ton broke points to los, Union Pacific 255a to
80, Oregon Transcontinental 226 to 20, Chicago,
st. Paul, Minneapolis & Omaha preferred to
95, Chicago, Burlington & Quincy ~ to 120M,
Chicago & Northwestern "a to l174, preferred
IL to l42I, Chicago, Milwaukee & st. Paul
1ss to 9714, Northern Pacific "a to 57H, Chi
eago, Rock Island & Pacific | Il to 1l8I, Lake
Shore to lu0, Michigan Go trial to 81, Canada
Southern to s., Canadian Pacific to IS and
the rem -iuder of the list AG5s per cent. This
was followed By a rally OF 49,s per cent.
Oregon TranscontiueGtal and Union Pacific Lead
ing. In the afternoon q fresh attack was made
on Uaion Pacific, which touched 73z, the low
est price of the day and The active list foil of in
sympathy. After ESQ prices again rallied 4@
e per cent, but in the final sales Wizards
weakened and the whole market declined, the
prices Of several stoc2re being the lowest of the
day. The market closed weak. As compared
with last night Changers are 1115@24 per cert.
lower, Wizards s4@3 per cent, Trunk lines Il
@Is5 and Goulds 5s@l1s per cent. In special
ties Chicago, St. Louis & Pittsburg preferred
declined q per cent. to 81, Cleveland, Column
bus, Cincinnati & Indianapolis 2I to Ga, Alton
& Terro Haute to so, Memphis & Charleston
to 36, Minneapolis & st. Louis preferred IL to
S914. st. Paul & Duluth ls6 to 81, Peoria, De-
catur & Evansville ~ to Is.
The Mail and Express says: The market was
affected at the opening by definite statements in
regard to the Northwestern railroad situation
President Cable, of the Chicago, Rock Island s.
Pacific, announced that en- explicit agreement
between the Union Pacific, Chicago, Milwaukee
q St. Paul and Chicago, Rock Island G. Pacific
he'd been signed by representatives OF each; that
the agreement vas offensive ard dofeIs.ve in it's
nature and would run twenty-five wears. He
had signed it last Thursday. Merrill and rep
resentative of the Union Pacific signed it yes
terday. This insured the contamination of the
agreement. The Wabash, st. Louis & Pacific,
Chicago, Burlington & Quincy and Chicago &
Northwestern would be allowed to come into
the agreement on certain conditions. This an
nouncement created very bearish feeling
among certain class of operators. Union Pacific
was heavily sold and vigorously hammered by
brokers supposed to represent the bear interest
in the stock. On this hammesing considerable
Union Pacific was covered. There was move
to raid Chicago s.. Northwestern, bnt the stock
vas fairly well taken. Selling Chicago, Mil
,.aukoa & st. Paul was more satisfactory to the
lars and prices declined more steadily than
,7 CIV day for some time. The bears are very
:ontident. Chicago, Milwaukee & St. Paul was
he best sale on the list. Predictions of de-
cline OF 10 points are current. There was
great eudeavOr to get the terms Of the new
agreement, but the railroad managers declined
20 give information. They were inclined to
consider it favorable rather Than unfavorable in
its bearing upon, the market. Cable said 1t
was grand thing for TIE Union Pacific, and
thought it would be good for the Rock Islam
people. Representatives OF the Chicago, Mil
waukee & ST. Paul are very well satisfied with
the result. The Chicago Northwestern people
alone expressed dissatis faction. No definite in
formation from the Chicago, Burlington &
Quincy headquarters could be obtained. Union
Pacific officials maintained unusual reticence.
The approximate gross earnings of the Denver
& bio Grande railroad for the first week in
December was 10000, against sl19 0O0 for
the corresponding week in 1882.
The transactions aggregated 521, 900 shares.