Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-11
NEW YORK.
Lspeoial Telegram to the Globe.l

Especial Telegram to the Globel
NEW YORK, Dec. 10.--Although there
was little change in the opening figures
from the closing prices of Saturday, it was
but short time before two or three weak
spots were disco7ered, and Union Pacific
was the prominent one. It and the Ore
goG Transcontinental properties AID also
the feeblest of the Changers were quite er-
ratio. Northwestern declined from 11915
to 11814, while st. Paul made slight gain
for the day. The Northern Pacifcs were
off again, and lost all the improvement
they made on Saturday. The Wabash
and Texas Pacific and Denver were
almost entirely overlooked. The market
was very quiet for the majority of stock
during greater part of the day. Free
selling of Union Pacific characterized the
final dealings. There appeared to be feel
ing among many that matters at the Iowa
pool meeting on the 18th would not be
amlcably arranged. Outside of this there
was not much to affect prices either way.
Brokers, who have usually orders from the
st. Paul directors, were heavy buyers of
SAAop oe0OA bS~ooy. 1uO OaIAluk5 VI GSHb
Tennessee for November increased $685.
900, and the earnings of the Denver for the
first week of December increased S22,-
900.
Gould remarked this morning that he
anticipated strong ball market in Jan
uary, and in the meantime he did not
think there would be much decline in
prices. The Windsor bears were again On
the rampage and Commack, Smith,
Woerishoffer aud Scott were very conf
dent Of lower prices. On the other hand
brokers of good judg declare that the
market evidently wants to get up, and say
that if the speculating directors and presi-
dents - of western roads would stop
specializing and talking bearish,
stocks would advance. It is admitted that
trunk line matters east of Chicago are vir-
tually settled up already in advance of the
meeting here this week, and it was upon
the early information on Saturday that
Commack bought in 10000 shares Of Lake
Shore shorts. The Pennsylvania Central
people have been concentrated on the
coke business by the promise of an in
creased allotment, and as stated the
freight and passenger percentages will be
arbitrated. The trunk line traffic fell
off nearly 1900 tons last week owing to
the higher rates of freight just adopted.
Bond dealers report an increased de-
mand for old, but lessened inquiry for
new railroad mortgages. A broker on
Saturday disposed of 100000 IN
New York Ceutral old bonds at private
sales a per cent above the market quota
tions. 1t is claimed that investors are also
buying up fractional lots of good railroad
stocks daily, and taking them from the
street, and conservatives believe that all
the dividend payers are a good purchase
Tor long pull. The short interest in
Union Pacific is described as remarkable,
and the deliveries in some cases four days
| behind. 1t is claimed that Dillon now
personally holds $4,000 shares of this
stock, and that there are only 35,O 900 shares
besides in the market here. Slosn
states that the Delaware, Lackawana
Il Western books show earnings
Of over II per cent. The advance
in Kansas & Texas on Saturday vas
mainly due to purchases of the stock by
people who have seen the company's books
on which the earnings for the year on
the stock viii reach S13,000,O00. Lake
Erie & Western bonds, which rose 4 per
cent. on Saturday, are said to be good to
buy this week, as is also the stock, and it
is stated on good authority that this COM
pany is doing better business outside
the Lafayette pool than when in.
Clarke, of the Union Pacific, says the
court holding at ST. Paul, this week, will
appoint the receiver for the st. Joseph &
Western railroad. Clarke describes mat.
ters west of the Missouri river as very
much unsettled and owing to competition
and all the business Offering to three
roads could be handled by one company
Vanderbilt was again IN conference with
General Manager Hughitt of the North