Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-17
NEW YORK.
Especial Telegram to the Globe.

Especial Telegram to the Globe
New YORK, Sept. 15-Is was dull day
on the stock exchange The opening
quotations came in at stagnation pace,
which was not improved during the day
Prices generally were better, and the tone
was very firm, but the support seemed
to come largely from the short interest.
which is considered immense. The inter
est in the Northern Pacific stocks continues
undated, and they were the only ones
| showing any great volume of transactions
| The first few quotations of these proper
ties were lower. Then. there were a sue.
cession of nlbbles, the prices indicating
something of this nature: "Now I want
them and now I guess I DON'T" but
the want appeared to be the stronger feel
ing, and as consequence higher figures
prevailed for while, dropping off during
the middle hours and closing frmer with
the rest Of the list. There were scarcely
enough transactions in the other stocks to
determine whether they were strong or
otherwise.
| The bank statement shows the reserve
decreased $749,075. Northern Pacific was
active all day. Prices at the close rallied
sharply and with good undertone. The
short interest is still large especially in
Northern Pacifcs and Louisville & Nash
vile. The latter is becoming scarce
for delivery in consequence of the closing
of the books in q few days for the annual
| election. Mr.. Poor says he has not pre-
| pared any statement concerning Northern
Pacific. This is another false report of
the bears disposed Of.
| 1t is now generally believed that Gould
was caught by the frost in the corn belt
heavily long of stocks. He sustained the
market, even put up prices, in which ma
! neouver he accumulated more stock but ii
hasn't come. The reports of damage by
| frost have grown worse not better, and the
public which last week began to bny stocks
this week have left them severely alone
During the last hour there was a consider
! able rally on prices, but no great
| activity. Total sales were 1S2,209 shares.
The Northern Pacific trans portation
| route from st. Paul to the Pacific ocean
includes five companies under which the
operations of the system are carried On,
| each being an integral part of the whole
The stock and funded debt of these several
| companies are as follows: Northern Paci-
| fic $141, 13S, 900; Oregon railroad and
Navigation $25,O21, 900; Oregon and Cali
fornia S26,400,oO0; Oregon and Transpor-
tation $47,215000; Northern Pacific Ter
minsl $6,000,000. Total $245, 800.
The Northern Pacific system, it is esti-
mated, must make an annual surplus over
operating charges, expenses of management
repairs and improvements of $14,746.4 94
or nearly $4,000 per mile of the road
in order to pay per cent on it's stock and
debts. AS early as 1873 the mileage
of the road was SAG, the whole of
which, however, was not continuously op-
Grated until some years later. The gross
earnings last month made more favora-
BILE showing, amounting to $3.50 1906, or
| at the rate of $6,S13 per milo, but this
was made up largely by the compauy's
construction freights, which in 1882 were
| one-fourth of the entire tonnage of the
of the road, besides which it is learned the
company had large floating indebtedness
amounting to nearly S17,000,OOO.
1t was reported some weeks ago a divi-
dend of per cent. would be shortly de-
clared on the preferred stock, but it is
now understood no dividend will be paid
this year. 1t was said Gould has bought
| $4,000 shares of Lackawanna within the
past few days, and had purchased literally
of Louisville and Western Union. Mr..
| Evans, of the executive committee of the
| Louisville directors, said the company was
earning per cent. dividend, and he be-
lieved the stock was purchase. NJ. o
Mills was expected to arrive to-day from
| California.
Bankers reported unusually large deal
| ings in governments at full prices and the
| general impression was that the first call
Of 81 100000 OF per censs msy be ex-
! pected within week or ten days,
It was stated on authority that the New
ending September 80 amounte to $780,
600 being the largest gross earnings On
record.
Railway bondswere less active than they
have been for several days past, but al
though trading was light there was no de-
| cline IN prices. Chicsgo, Burlington d
Quincy, Iowa division 4s, were quoted at
S4B 9S64; Chicago, Milwaukee d st.
Paul, Chicago e. Pacific IS sold at 1OSL
and closed at 1oS4 bid; Dubuque divis
ion Is were firm at 1.o2ssg1031s; Chi
cago and Pacific 5s closed at 9256@92%;
Jacksonville Southeastern IS were slightly
stronger at 9215; Wabash IS again found
supporters, 75A being bid for round lots