Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-08
NEW YORK.
Especial Telegram to the GlobeH


NEW YORK, Jan. 6.-There has been little
encouragement for she bulls to-day. The
principal activity conferred in New York
Central and Denver, the former selling
down to 1851 and the latter at ~. The
bears finding no opposition, sold stocks
freely. Al timcs she market became sx-
ccedinTly dull. The bank statement
showed large gain in deposits. over s11,-
100000, and an increase in reserve Of 81
264, 900. Tbs Eerthsrn Pacifcs held up
remarkably we'll. The boom in the Nickel
Plate propsrsis, vas of short duration,
and prices this evening place them who're
they were 81 the close of 1882. The list
is generally lower than on Friday
and she activity which characterized
the dsaliAss earlier in the week, and at
times cAnssd sharp demand for stocks,
for she present seems to have disappeared.
Money continues easy. Opinions on the
immediate future are conflicting, varied
and mixed, With such old time bears As Mr..
Osborn, D. o. Mills, Mr.. q. Smith and Mr..
Comnaok On the bull side. The bulls
are hopeful, but in the more conservative
houses mach caution is exercised in ad-
vising customers to buy. That Mr.. Wander
bilt has changed his mind, and will not
visit Cuba just yet is accepted as an omen.
It is asserted that he has taken $6,000,000
new second mortgage bonds of the Lake
Shore rosd-not 100000. The bonds
bear interest at the rate of 7 per cent.
and were authorized at a meeting held in
this city on Tuesday, to pay for the Nickel
Plate. The breaking off of the negotia-
tions between Mr.. Gould and Mr.. Baker in
the Mutual Union case was expected to
produce some weakness in the Gould
stocks, as brokers fancied that Mr.. Gould
would not bull his speculations until he
has secured control of the Mutual Union.
Friends of the Mutual Union intimate they
will take no further steps toward harmon
izingthe telegraph interests. Advances,
they claim, must hereafter come from the
other side. Insiders say that Oregon &
Transoontinental is very cheap on its mer-
its, and likely to advance two or
three points. The principal danger of the
market is that W. II. Vanderbilt, while
talking higher prices, may decide,to dis
tribute his holdings. 1t is well known
that two months ago hewa obliged to buy
an immense amount of stock to prevent a
disastrous break generally, and it is equal
ly we'll known that he has since manifested
a desire to hold fewer stocks. The pecu-
liar look which the stocks that he is inter
ested in have shown for the past few days
leads to the suspicion that he is already
selling. The Vanderbilt stocks are not at
all strong, and Central and Lake Shore
have for days been positively weak.
In the absence of the general public any
effort to advance prices will certainly fail
if Vanderbilt is selling, and there is reason
to believe that while ostentatiously slap
ping Mr.. Smith on the back, and praising
the pluck with which he and his friends
have been unfolding Lake Shore, st. Paul
and Omaha, Mr.. Vanderbilt has been sup
plying them quietly with his superauous
holdings of these stocks. The selling Or
ders, if trouble were taken to trace them,
might possibly tend to such conclusion.
AS for Mr.. Gould's position, his
principal supporters at pres
ent are somewhat slippery, but
if they begin to run they will be apt to find
him not the last in the race. Consider
ing the weary months that they have had
to carry their holdings, it is not probable
that they will overstsy their market now.
It is good time for the exercise of eau
ton. Mr.. Gould denies that he has any
Intention of making the Mobile & Ohio
any part of the Wabash system.