Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-13
NEW YORK.
Especial Telegram to the GloDe.l

Especial Telegram to the GloDe.I
New YORK, Sept, 12.-Wall street was
tame to-day, and the market on the Stock
Exchange was featureless in the main. As
about nine out of every ten operators ex-
pected weak opening, the market, of
course, was firm in the early dealings.
After a little life in Oregon Transcontinen-
tai, Delaware & Lackawanna, Michigan
Central and the Grangers, business sub
sided and for the rest of the morning
stocks were listless and varied but little.
Wall street was without rumor of any sort.
Operators seemed inclined to let the
market severely alone, and the transac-
tious during the afternoon hours were on
par with those of the morning. The
strength which has characterized the coal
ers for a long time past was helped pro6a-
bly, by the fact that from January 1 the
production Of Anthracite increased over
2,000,0OO toDs. Chicago & Alton show
slight gain in earnings for the first week
in September, and the Missouri Pacific
system increased $4,000. Union Pacific
earnings IN the first ten days of Septem-
ber decreased 100000. Western Union
Telegraph company. after the payment of
q dividend just declared, will show g gain
in surplus of $123,O 600. The net profits
for the year increased $4,000.
The roam traders, for lack of something
to do, raided the Northern Pacifcs at the
last. The close was decidedly tame. The
tendency was downward, with unimport-
ant fluctuations throughout the last.
There was no especial weakness in the
market at the close except in Northern
Pacific during the last hour one lot of
1000 shares of Northern Pacific preferred
sold at 73s8 seller 60. They say the road
is cutting rates with the Indians.
G. G. Baldwin, president of the Louis
Vile & Nashville, was elected director of
the Western Union to-day. This would
SCI m that Gould and the Louisville & Nash
vile people were working hand IN hand,
Tie Western Union books close Sept. 20
dividend ~ per cent. payable Oct. Is
Chattanooga declared dividend of pei
cent. payable Oct. 2. Northern Pacific
earnings the first week of September in
creased $4,000. The general list closed
higher than last nights quotations. The
largest transactions were in Michigan
Central, Northwestern, st. Paul, Northern
Pacific and Lake Shore. All the big men
are on the bull side, and whatever the big
talk of the big men can do to sustain
prices will be done, but as long as the big
men hesitate to buy more stock
at these and higher prices
stocks cannot be advanced much. The
little men all over the country are moi
buying.
The prospect Of diminished earnings on
prominent railroads next year in conse
quence of the partial failure of corn and
other crops does not attract purchasers
The big men have been caught several
times this year with large line of stocf
for sale and no buyers. Several times the
market has been kept steady and dull fol
long periods in expectation that buyers
would at last come in, but all these periods
have ended in a decline and it remains tt
be seen whether this will end differently
There were new rumors of rate cutting ant
of selling by the young Vanderbilts.
1t is said the imports of gold are spec
ulation, the position of foreign exchang
not justifying them. It is rumored tbs
Gould will transfer his interest In Iacka
wanna to the Erie to help his Southwestern,
system. This is suspected as anothe
trick to boost the Gould properties. Stock
were booming at yesterdays rates. Fec
pie identified with the Vanderbilt part
emphatically deny any rate cutting. It
said Gould has been buying through Oh
borne. The anthracite coal productio
from Jan. l to Sept. increase
22S,000 tons. The Norther
Pacific mileage increased 1,O67
It is again rumored Gould has control O
7 Louisville d Nashville, also of the Georgi
: Central system. Worishoffer and Smit
) are reported bearish. Central Pacific
among the favorablY mentioned stocks
bull pool is reported in East Tennesse
, securities. One million francs arrive