Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-10
NEW YORK.
Especial Telegram to the Globe. |

Special Telegram to the Globe.
New YoEX, Nov. 9.-Stocks were quite
buoyant at the opening, and although
they received somewhat of setback,
caused by break in Oregon Transconti
tinental, they soon recovered and buying
Of the Changers, Vanderbilts and other
properties was marked. Chicago, Burling
ton & Quincy and Rock Island through
out were firm and improved. The earn
ings Of both are spoken of as exceedingly
large. Confidence in the values
of good properties seems to be
gradually increasing and each day shows
signs of purchasing to a moderate extent
by those who believe in the dividend pay
ers for investment at about present figures.
It was reported that parties identified with
Mr.. Gould bought Louisville 81 Nashville
and that Bradley's application for an in
junction against Northern Pacific had been
withdrawn. The closing dealings were
characterized by considerable strength.
1t looks as though it was slow but pretty
sure bull market. Denver earnings during
the first week in November increased
$4,000.
Baker says: "There is said to be much
manipulation about prices. TIE Wander
bilt stocks showed most strength, Lake
Shore and Michigan Central being the
leaders. Canadian Pacific was marked up,
much bull talk being INDUCED in By its
hackers. Pacific mail is becoming prom
inent, and advanced over one point with
considerable activity. The bears devoted
their entire attention to Oregon Transcon-
tinental and kept it down, and the North
ern Pacifcs were weak in
sympathy. There is much mysterious talk
about ST. Paul. Dealers wonder
why it does not advance with North
western and talk of some prejudicial devel
opments. There is much speculation az
to whether the interest due December 1st
It is well known that this interest has not
been earned, and the question is whsther
Gould and Sage will advance the money
for this payment as they have done
heretofore. The close was med
erstely steady. The market was steady
in quotations aud vigorously held
in that wsy during the entire day, but
the frequency for real transactions for q
bull msrkss we're lacking. The bears have
ceased their raidipg .sd hamnering tao
tica, and are evidently, for the time being,
out of business to await better opportu-
nifty, which gives to the manipul4tors free
sosp for laundry work, and making up of
prices, therefore, is Farstively easy.
This May in time succeed IN widening the
scope and arranging the market
in the near future for more ac-
tive dealings, and finally call
for the increased outside buying: which is
the real need at the present time to per
manently mprove the situation"
CleBs says: "As the market Is purely
in the hands Of professionals, the present
rise viii induce sales of some Of their long
stocks, which will cause reaction The
bottom is, however, better than il has been
for long time, consequently 10 serious
trouble can be expected"
The room traders are ell bulls, and bid
for blocks on the slightest provocatioD, and
in this way some stocks are likely to be
bid Up az leaders, The prospects are that
prices will be advanced by this process.
worthington says: "The market is held
strongly, which increased confidence to
hold stocks back from the sale, which |
makes it comparatively easy to advance
prices by man1puietion."
TLs United States circuit court has to- |
day decided to permit Marie to bring |
suit sgainst Commissioner Garrison in the |
MISSOURI Pacific railrosd case fer $780,
eeo and interest. II win ba remembered |
that Marie was frozen out by Garrison
on foreclosure twenty years ago. !