Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-06
NEW Y02K.
Especial Telegram to the Globe. I

ISpecle1 Telegram to the Globe.
New YORK, Sept. 5.-On the stock ex-
change to-day the market pursued the
course which the bulls seemed to have
marked out for their campaign, being
steady in the morning, somewhat easier
Gfter the first hour on account of realizing,
growing stronger until the last hour, when
it became active and closed very firm and
strong. Louisville and Nashville divided
the honors with the grangers. On report
that Gould had obtained control of the
road the stock sold up sharply to fifty
from forty-seven and a-half. Reading was
the weakest stock on the list under manip-
ulation and hammering of Slsybask.
Missouri and Union Pacifcs did we'll dur
ing the day. Illinois Central was in gosd
demand again daring the after noon. The
transactions were larger in Northwestern
and Chicago, Darlington & Quiney. There
was q good deal doing in Laekawana, at
il seems trife indispssed. At the same
tine 1t is not weak The earnings Of the
Southwestern system insr eased during the
fourth week of August $9s,80o, and for ths
month, 1854, Louisville and Nash
vile increased the fourth week $62, 700.
Indiana, Bloomington & Western inczease1
$4,000. During the last five months the
bears, led by SIayback, raided the
market, but it amounted to
but little. It is thought
that Central Pacific will be one Of the next
things to advance Western Union gained
rapidly. The story given to account for
these gains is thai 10y compromise be-
tween could and Williams the Williams
suit against the Western Union is to be-
dismissed and Gould, Sage and Dillon are
to 60 into the Louisville & Nashville di-
rectory. To give feasibility to this story,
it ID asserted that Williams is largely long
on Louisville & Nashville stock. There
was much speculation as to the probability
of frost, attended by the reported low
temperature in the northwest, and some
selling of stock in consequence. Alto
gether the market to-day tended to increase
and confirm the bull feeling, and with
favorable weather We are likely to see high
er prices. Oregon improvement bonds
are 91R@924; Oregon Improvement
stock, 04@S6 x-divdend; Northern Paci-
fc scrip 9O@9O15.
Confident buying characterized the
dealings during The closing hour. The
bulls appear to increase in numbers from
day to day, and commission houses report
new customers as making their presence
known in Wall street. Prices
were in nost cases very strong
at the East, with much activity
in all the leading stocks. The earnings of
the Missouri Pacific system for the fourth
week Of August increased $4,000. We still
look for higher prices and believe that
purchases on reactions cannot fail to
prove profitable for some time to come.
The strength developed in stocks is large
ly due to the increased grain movement
in the west. The railroads are all expect
ing to do very large business this fall in
transporting the grain which is now being
merketed from the farmers. The general
belief in large railroad earrings is helping
the roads in the agricultural districts of
the west, and tie trunk lines and other
stocks are firm from sympathy, besides
having an encouraging outlook themselves
The latter part of this week the Chicago
Burlington & Quincy will have not less
than 10000 grain cars in motion on its
lines, including those borrowed. The
other grangers are also preparing for a
heavy Business.