Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-14
Ns. 348.

Pacific was attacked at once, while Northwestern
rose TO 1173l il few minutes. Oregon Trans
continental felt the effect of being placed upon
the list Of non-dividend payets and fell to
37M, after the ope1ing at abo1t
40. There was an immense
amount of trading in it. Its ally Northern PACT
fic preferred, was very feeble also. The bright
particular spot was Phil1de'phia & Reading
Itadvanced from 5511s to 55l5 with hsriiy re
action. The volume of business was again on
large scale. The transactions up to noon
were over 100000 shares in all stocks. There
is still much uneasiness felt regarding the fu-
ture, and bnt few seem inclined to buy to any
extent except for quick turns at the end
Lake Shore was conspicuousty weak. The
Grangers, Chicago, Burlington & Quincy and
Chicago, Rock Island Il Pacific were remarkably
steady, while Chicago L Alton and Illinois Cen
tral act as though there was nothir troubling
them. The pub ished earnings of sixty-seven
roads for November show gain OF over S OUO.-
90, while for eleven months the increase is
nearly s26, ,000, ,0G0. We're it a time of peace the
above excellent showing would be sufficient to
make market in Wall street that wouM be
pleasant to look upon.
1t was reported in New York that passenger
rates between here and Kansas City were lower
than at any time since $50. W. T. Baker ssid
steady with large transactions and Union Pacific
suffered fracti nal decline. Wall street still
viii not believe that any serious trouble Is to
come from the tripartite agreements, ana puts
the most favorable construction on the little in
formation which is given oat by insiders. Il is
are not ready yet for a decline ia
stocks. But wo believe it must come
soon er late, for there is 70 buying by the pub-
lie, and thore is not likely to be any this month.
The bears say that Northern Pacific preferred
viii go below 50 this weak. There does not seem
10 he any support to this stock. The close was
fairly steady. s5sD1ssfs: !sfSs2l-- tsgzss
General Manager MarTin Of tie st. Paul, saws
that the earnings of the road this year Will
reach $50 500, ,G0U provided the weather is fairy
coed during the remainder of the month. Operat-
ing expenses for the year are not likely o exceed
81 per cent. The Vanderbilt brokers have been
large buyers of Rrading all day, and the princi-
pal buyers this afternoon hare been the Jones'
who purchased l0.' 90 shares, end Chapman,
Schmidt and Philadelphia brokers, Ellison
staTte+ Lake Shore down, and Vanderbilt brok-
ers also sold. Hamilton & Connor and Wilson
broke Oregon Transcontinental. Flower & Co.
are large borrowers Of stock to-day. Very few
an appearance at the Windsor last evening, and
it was believed that several Of the
biggest operators On the bear side had bought in
their shorts and retired their Interest for the
present The brokers reckon that fully 75.00l
shares of shorts were covered up by professional
bears yesterday morning, when they we're
forced down for this purpose. Lewis Bell says
he covered 20,0lO shares Of various sto SKIS Tor
himself, and some OF them to per cent.
prodt. The bulls on the situation de-
clare the western railroad troubles
have been preoipitated by speculative officers
for effect upon the stock market, ard the names
of several directors OF the granger roads are
given who are known 10 be short Of their own
stock. Commission brokers say under such cir
cumstances there is little encouragement for
outsiders to buy stocks, and it is for this reason
to some extent that there is no rew business
coming in
Cable said last evening that the row between
the Wabash and Alton on Chicago and St. Louis
business (passenger) was of no moment, as
these lines generally have fight every thirty
days with small cut.