Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-07
unchanged. The receipts for the day are
1880 head.
NEW YORK.
Especial Telegram to the Globe. ]

| CLAWS WSr6 WOrH OH anu Ln0 Idll Cl6dI
gone. On the stock exchange there was
very little feature to the market at the
opening except dullness, which was some
what disturbed during the next hour by a
demonstration. Northern Pacifcs and
Reading showed decline of 2 points, Jer-
sey 11S and Northern Pacific preferred
point, and for while il looked a little as
if the bears we're not wholly powerless. A
reaction soon set in, however, and the mar
ket again became dull until noon, when the
tone began to improve, and under the
leadership of the Grangers the whole list
advanced sharply, closing strong and
with good feeling at highest
figures. The buying in Baltimore & Ohio
was excellent, and IN fact in all the grang-
ers. Stocks like Baltimore & Ohio, North
western, Rock Island and Omaha were not
in good supply, and at the depression
none we're 10 be had. The Gould stocks
were in better feeling than for some time.
A div dend Of ~ psr cent was declared
on Missouri Pacific payable Oct. 1.
A prominent operator says there is a
pool in Oregon which is likely to carry it
much higher, while 130 is talked for G. B. &
O., this week.
From Philadelphia we learn that Read
ing has sold all their coal, and that they
are in good financial condition. The bulls
have been jubilant all day, and have
scored a completg success, the market
closing without any concessions.
LOUISVILLE & Nashville continues prom
inent feature, and the dealings in it were
on large scale. Central g. Hudson, Jer-
sey Central and Northern Pacific preferred
were more in active borrowing demand,
while Louisville & Nashville, st. Paul &
Union Pacific were not any too plenty
when it was thoroughly understood that
weather throughout the west was all that
could be desired. The corn roads were in
demand and advanced sharply. North
western followed with sales at 12S4, while
the preferred sold at 152 as against 1461a
last evening. The buying at the last
ecl1psed anything witnessed in months.
There did not appear to be enough stosks in
sight to supply the demand and prices went
up with whirl. The grangsrs were par
ticulsrly buoyant. The day closed with
the balls complete master of the situation.
Western Union will declare the usual ~
per cent. quarterly dividend on Wednes-
day next. The manipultators of Louis
vile & Nashville came to its help and
advanced their stock with great activity.
Wabash was also advanced on the point
that Gould says it is going higher. It is
an unfortunate sign that these other man
ipulated stocks begin to take prominent
places again in the market. Nothing will
sooner destroy the public confidence than
to see the old disreputables leading the
speculation. During the after
noon everything improved and
closed with confident predintio rs Of much
higher prices. Oregon Improvement
bonds were 80; Oregon Improvement stock
So; Oregon Railway and Navigation com
pany 1874; Northern Pacific scrip 90.
Friends of Vanderbilt say the Lake
Shore would not make a traffic arrange
ment WfSh the Wabash to the detriment of
the Bee line. The st. Paul directors are
expected to declare 81 per cent. divi-
dend on the common stock. Eight months
earnings of the company show gain of
$2,30O,0OO over 1882. Bears on Denver
say the com pany has pledged 5000 shares
of unlisted stock and 81, 100000 of unlisted
first mortgage bonds for loans, and the
lenders have been clamoring for their
change ever since the stock tumbled
to 40, but none of the indebted
ness has been discharged. The
Vanderbilt interest say their stock will
pay the same dividends this quarter as
heretofore, and that New York Central will
next week declare 2 per cent, and later in
the month Lake Shore Q per cent. Bond
brokers report an excellent demand for
this class of securities, and much more
substantial buying element is observable
throughout Wall street. Cyrus M. Field,
Jr., has given out some Of the best points
yet promulgated during the present bull
deal. II. n. Smith was caught mapping on
Oregon Transcontinental and the Northern
Pacific. Joe Miller says Mr.. Vanderbilt
is very bullish in his stocks, and says they
are earning full dividends and are cheap
with no possibility of Trunk line
wsr this year. The bulls say the Wall
street bears are coming back from the
west fully converted on account of crop
prospects. Several members of the bear
fraternity became converts to the bull side
to-day, showing the direction of the wind.
The rest are not unlikely to straggle over
in due time, as they are already beginning
to show faint hearts, and seem to consider
that they are defending the losing cause.
A recent statement by the comptroller
of the currency shows that in the amount
of bank currency outstanding there was a
decrease during last month of $1,1S9, ,724,
and during the twelve months ending Aug.
81, of $5,657,031. These figures serve
to indicate that,ta the country through,
the banks do not regard circulation as
renumsrative. During the last twelve
months there has been q considerable IN
| crease in the number of banks and amount
of bank capital, but at least as much de-
crease in proportion in the amount of cir
sulation. The decrease in August was
nearly two and one-half times the average
monthly decrease for the twelve months,
from vhieh NAV ne inferred 0rnwino