Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-05

will surely cause q bitter war, but Com
missioner Midgely, of the Iowa pool, be-
lieves. that violence will be ayerted
by arbitration. Supt. Clarke says
it is not true that the Missouri
Pacific company has made
25o freight rate from the Missouri river
to Salt Lake and the SOC tariff continues.
Boston advices say Charles Francis
Adams states that these heavily reduced
rates have been made by the companies
for the purpose of assisting the develop
ment of the country, but this argument is
not very satisfactory to the stockholders.
In one case shipper states that he is now
forwarding freight over the Union Pa
cifc road for 81 so per 100 pounds, which
few weeks ago cost him $3.50.
Commack is great bear
on Union Pacific stock and
declares that he will continue short of it.
The feeling up town last evening was not
very bullish. Upon the market the old
argument was put forward by the brokers
that there is no market except what is
made by Keene and the traders and CON
servatives. They don't expect much i'm
provement in the new list until after
the beginning of the new year. Tt is re-
ported that Keene sold out about 10000
of long stocks yesterday in
Guiding 10000 Delaware, Lack
awanna & Western, on all of which
stock be made from to per cent.
A Washington telegram says Senator
Sherman has just introduced and had re-
ferred to the finance committee bill au-
thorizing the comptroller Of currency to
receive United States bonds and issue 80
per cent. of the current value of the pre-
vions fiscal year. 1t also provides that
they should not exceed 95 per cent. of the
market value of such bonds. There is
no longer any reason to doubt
that the Pennsylvania railroad is nego-
tiating for the New York, West Shore &
Buffalo railway which opens for business
to Buffalo January 1st. The principal
officers of the Pennsylvania railroad made
| q trip over the West Shore road about six
| weeks ago and are reported to have been
highly pleased with the manner in which
the road has been constructed. So well
satisfied we're the managers of the desira-
bility of obtaining possession of the West
Shore that the papers executing a long
lease would have already been signed but
for the bad health of President Roberts, of
the Pennsylvania road. That the lease is
among the strong probabilities is the talk
: of Wall street, but heretofore the off GERS
of the West Shore have been very silent in
regard to the matter. To day, however
Gen. e. t. Winslow while manifesting lit
tie inclination ty talk on the subject, ad-
mitted that such an event was among the
possibilities. s'It is matter" he said, ''ot
which can give no definite information tc
| the public. Nothing has been decided upon
still the thing may be done.". The Grand
Trunk has also been ooveting the West
Shore as an extension for its line, but il
if any arrangement is made with that com
pany it is not likely to be in the shape OF
a long lease. "Ehe only road likely te
swallow the West Shore" said a promi
nent operator to day,''ls the Pennsylvania
That company has for some time beer
anxious to invade the territory of the New
York Central, as the latter through tn
Gowen and Vanderbilt alliance has in
vaded the territory of the Penns ylvani
road"