Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-28
would be glad to have his resignation ac-
cepted.
NEW YORK.

lOpecla Telegram 10 tne OlODe1
NEW YORK, Sept. 27.-On the Stock Ell.
change to-day there we're some weak spots
in the market occasionally, but as the day
advanced considerable strength developed
in the better class of stocks. The trading
in Northern Pacific preferred, was on a
large scale; also on Oregon Trans. continen-
tai & Denver. The latter, though quite firm
early at 90, soon fell from grace and sold
down without much effort on the part of
the bears to depress it. st. Paul was a
strong feature all day, and there WAS a
irmer feeling in Union & Missouri Pacific.
The Coalers were better. The net
earnings of the Reading system
for the month Of August increased
S8S1,00O. Northwestern advanced from
1858 to 127 in the last hour and was quite
active. The Vanderbilts also improved
and at 2:30 the feeling was decidedly
buoyant. The earnings of the Northern
Pacific for the third week in September
shows gain of $123,000.
Stocks continued strong up to the finish
and the best prices of the day prevailed
when the exchange closed. The bears
appeared to be completely nonplussed at
the changein the situation and were con-
siderably alarmed. A leadidg operator
said, "The market dropped off
with full head Of steam,but in very few
moments it was started the other way, and
the Wizards, under the leadership of Ore
gon, appeared very heavy. The Gould
stocks were suspiciously weak, the pegs
beiug taken out of Missouri Pacific and
Western Union, which gave rise to the be-
lief that they were being manipulated for
the purpose of buying stock. Denver
opened at an advance of IS. but the pace
was too fast for the leader, who shut it off
with reports of new issue of $4,000 900
bonds, each buyer of 10000 bonds to have
100 shares of stock. Under this report
the stock was very heavy, selling down
from 90 to 271s. During the. forenoon
Bell and the room were
packing the market heavily. A
meeting was held at Office of Work, Strong
& Co., this morning, at which Messrs.
OOoAS3 OoCO<AS3 hCohO3 L Ionh, VOIh dRu
other prominent men were present. The
belief on the street was it would result in
the formation of pool to advance the
At all events as the fact Of the
meeting gained currency everything on
the general list became active and sold
higher under buying, both for long and
short account, and the market closed
strong, owing to the wide publicity given
to the meeting. Chicago, Burlington &
Quincy was active and strong. North
western was sold down in the early hours
on account of the belief of damage to its
corn crops, but it showed the bears it was
a dangerous stock to play with. st. Paul
was very strong, and all the
assured dividend stocks are
without doubt bound to show much higher
prices in the remote future Wizards urg-
ing his friends to buy back the Northern
Pacific. jersey and New York Central are
oaning ct 1-64, There was inside buying
Of Canadian Pacific yesterday and to-day.
Babcock was large buyer of Oregon
quietly all day. Trunk line percentages
have not been settled. The report is that
Lackawanna was not represented at the
meeting. The effect of the recent failures
is to throw out single name papers at the
discount, and it is barely possibly trouble
in some quarters may be caused on this
account.