Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-21
A Good Deal of Animation on the Chica-
go Beard OF Trade.
AN UPWARD TURN IN CORN,
In Which Nest OF the Other Markets
Participated to Great Extent.
NEW YORK.
Especial Telegram to the Globe. I


NV York, Sept. O.-Notwithstanding
the heavy pressure on the Willard stock at
the close yesterday on the stock exchange
the opening to-day was remarkably
steady. This condition, however, was
quickly changed TO one of great feverish-
ness. A fresh attack on Willard was in
augurated by Cammsck, but was more
stubbornly resisted. The balance of the
market for time held well. There was
a very active borrowing demand in the
Northern Pacifcs and not for Oregon
TranscontineAtal, which was in full
supply, indicating free unloading. Trans
actions in these stocks the first hour
amounted to $4,000 shares, aud up to noon
$4,000. The drive to day was en-
tirely by Gould and Cammack. Herman
says the Northern Pacific statement
will show that it owes for loans $500, 600;
that the authorized bonds are insufficient to
complete and equip the road, and that an
arrangement has been made with the Ore
gon TrGnscontinental com psny to advance
The needed funds on such security aS the
Northern Pacific can give. During the
noon hour the activity ceased.
At 1:30 Vanemberg and the Northern
Pacific party made demonstration
against Uxion Pacific, pushing it down to
S911, and the rest Of the market had de-
cidedly unsettled look. The next half boar
brought better feeling, while the depres-
sion was greatest on the general market,
heavy covering IN Willard properties took
place, and they closed at a considerable
advance over last nights fig
ures. Good stocks were strong all
day, although at times they we're slightly
depressed. There was no special feature
at the close outside the reaction N Willard
stocks. The fluctuations in Oregon Trans
continental were sufficient to unsettle the
majority of operators. The stock opened
at sixty, advanced in a few moments to
sixty one, and within an hour went below
fifty nine. THE Northern Pacifcs were
excited and the whole business of the ex-
change centered in them and Oregon dur
ing the greater part of to day. Union
Pacific broke badly, being followed by
general shriGkage throughout the list.
Hardly any one could account for the de-
moralization. Good, bad and Indifferent
proper ties went toge her. The bears had
complete control of the market for time,
and sold the entire list with somewhat of
a recklessness. There we're sharp
rallies in the final dealings. Closing
quotations in Missouri Pacific and West
ern Union Telegraph company are ex-
dividend III per cent. Woereshaffer is
credited with causing most of the trouble
to-day. bull pool is reported as form
ing in the Northern Pacifcs.
The activity of the Willard stocks to-day
has been something extraordinary. The
annual report WAS made public about noon,
and was a disappointment to the bears,
not showing anything like as bad state
of affairs as they anticipated. The report
seems satisfactory and calculated to set at
rest the bear stories which have been liber-
ally circulated lately.
The GLOBE CORES pondent is authorized
to deny positively the report published in
e morning paper that the Northe m Pacific
is largely indebted to the Pullman com
pany. All equipment manufactured by
the Pullman company for the Northern
Pacific has been paid for in cash promptly
on demand.
A stock market capable of withstanding
such tremendous bear drive as was
. made at Willard properties must be surely
called strong. A glance at the quotation
sheet will show how the general list was
maintained. What caused the break in
the Northern Pacific & Oregon? Every
body has been asking the question, and
the best answer is inside selling.
member Of the Northern Pacific
pool said President Willard owned $4,000
shares of Oregon Transcontinental stock,
and that there was only $11,OO0,OOO of Pa
ci6c preferred on the street. He esti-
mated the short interest at $4,000 shares,
and stated the holdings of Pacific preferred
were as follows: Oregon, SIS, ,O0O, 900;
Syndicate, 100000; Mr.. Billings, 81, 1,o00,-
600; new street firm, $2,e0o, 900; scatter
ing, $3,0o0,OoO.
It was said 0r. Adams, of Winslow, La
aisr & Co., woald leave for Europe in about
swo wssks, for the purpose Of nseotistins
West Shore securities. 4 new ball posl
Is formed in Missouri Pacific, with hsad-
quarters in q Broad street ezice. The
Twenty third street party wss alleged
To- be interested in Is. Gee. n.
PaImsn is in New York, and TALKED very
bsifish. Commissioned FriAk said the
wsssera raiIgay squsbbles had very little
to do with Nshe business of the Trunk
lines, and ID was not at all possible ,has
through trsfio would be e6feetea.
Grave rumors are circulating respecting
the succsss of the Canadian PasRHe rsii-
way. The exodus from Manitoba thissssson
has reached alarming proportions, and ffis
not denied by the railroad asfhorities that
the emigration from the Province exceeds
the emigration into it for :sthe season Of
1883. The heavy freight charges
imposed By the railroads
and the severely of the winters are said -
have made living so expansive that many