Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-14
NEW YORK.
Especial Telegram to the Globe. ]

indebted to the west for such favorable
weather reports early that stocks could not
very well do anything but improve on
them. On the stock exchange the market
was quite bright at the opening, with
marked advances in grangers, Wabash &
Pacific and Denver, and Louisville & Nash
vile. In Chicago, Burlington d Quincy
and Rock Island there was not a single
transaction during the day reported.
Pullman Palace was up from 129 yester-
day to 130, Ohio & Mississippi advanced
to 32115c, and it is promised it will ere long
come to the front again. Strong buying
of Louisville & Nashville was one of the
features of to-day. There was lack of
activity at times in the general market,
still the bulls were rather in the
ascendency and confident. Prices were
firm at the last, Notwithstanding the re-
port that another cold wave was approach
ing from the northwest. The Omahes
were very quiet. The earnings of the
first week Of September show falling of
about $4,000.
Money on call was abundant. Stocks
were loaning at about the same rate as on
yesterday. An advance of to 1c was
made at the opening over last nights
closing and the tone of the market seemed
much improved. During the early part
of the morning there was gradual ad-
vance with the Gould properties most
prominent. Northern Pacific preferred
was also we'll taken care of. There was
some unsteadiness observable after this,
but it passed away, and the tone was bet
ter and the market continued dull and
strong to the close. Up to 1890 transac-
tions amounted to 145,25O shares. II
was reported that spectators were SELL
ing tickets at $16 to Chicago and the
bears were furnishing money to pay the
loss. The bank of England rate was re-
ported down 81 snd sterling down q. A
prominent house was a sell
er of st. Paul at LOG about
noon. The bulls in Western Union made
considerable demonstration. It has been
a dull but strong market with less stock
Offering at each raid of the bears. This is
a first-class trading market and a pur-
chase on reactions for good stocks and a
sale on rallies. Flint & Pere Marqustte
during August increased S37,350. The
Onahs for the first week in September de-
creased in earnings $13,4O9. Denver
books will close Sept. II, until farther
notice. Northwestern, st. Paul, Northern
Pacific preferred, Oregon, Louisville &
Nashville show the largest dealings. There
is evidhnce of a strong hand under the
market. Close observers say it is Gould's.
Nearly every stock showed some
strength, and vas gently pushed up lit
tie. There was no disposition on the part
of outsiders to buy. The worthless stocks
showed the most noticeable improvement,
which is proper, for these are the stocks
the menipulators are most anxious to get
good prices for. Louisville & Nashville
! showed the greatest activity, ans the elec-
ton OF Baldwin as Western Union di-
rector is accepted as settling the election
of Gould and Sage in the Louisville &
Nashville directory, There were some in
dieations of selling Of the Yanderbilts,
and suspicious are entertained that some
large holders of these stscks are tightening
their holdings in anticipation Of rate
war. During August western
and southern roads showed gross
earnings to be $28,527,727 or $2,O44,4O
morel than the same month last year.
Considering the lateness of the crop move
ment this exhibit is satisfactory, especially
as the gains were more frequent and losses
fewer than in the month preceding. Since
| January l, sixty-thres Of these roads re-
port gross earnings Of $1S3,3O ,277, an in
crease of $14,980,O63.
Brandon was the principal seller of
Northern tactic preferred sellers option,
and Decker & Co. the buyers. Gould and
Sage will both go into the Louisville g.
Nashville directory, and that the road will
be brought into close relation with the
Southwestern system. Gould has been
buying Louisville i Nashville stock for
weeks. The cutting of rates between the
Northern Pacific and Central Pacific is
rumored. Gould's hand has been clearly
seen in the market this week. He is re-
ported as being in brokers' Offices
all day for the first time in months.
He sees necessity of supporting prices at
this critical crop period. The trunk lines
have large amount of business in sight
and in view of tbs heavy fines imposed for
violating pool contract, it seems hardly
probable that they should cut rates al
least this time of year. Mr.. Van 1erbilt,
Mr.. Cornelius Vanderbilt, President Rut
ter, Augustus Schnell, Chauncey NJ. De
Pew, and others Of the Reading started
for a trip over the Pine Greek & Jersey
Shore road. They will be gone till Friday
Mr.. Gowen will bring them home with fly
ing colors over the Reading on Friday
It is believed the new financial scheme BY
which That over bonded and over stocked
road will save from s5OO,OOO to S1,OOO,O0t
in annual interest will be pushed forward
before close of year.
/ A Strike About Ended.
CHICAGO, Sept. ia conference ha.
been arranged for next Saturday evening