Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-07
NEW YORK.
Especial Telegram to the Globe I

NEW YORK.
Especial Telegram to the Globe.
NEW YORK, Dec. The sharp decline
in Northern Pacific this morning unsettled
the market for time and made the day
dull one. There was little change in
values of the better class of stocks and in
some instances an advance was
made, Manitoba aftec opening
below par touched 1919, and this in face
Of a falling off in earnings of $4,000 for
the fourth week of November. Lake Shore
was in request at about 100, and st. Paul
was again in demand. A break in Oregon
Transcont1nental after midday to 40 was
another disturbing element. Oregon rail
way sold at 100 at about the same time.
The Wizards seem to be having hard
time of it. Heading cut loose from it's
Surroundings and advanced to 55115. The
closing price last evening was So Central
q Hudson announced a reduction in COM
mutation rates on the Hudson ri aer & Har-
lem division, of from 40 to 80 per cent.
The closing on Northwestern are ex-divi
dend 81 per cent. and On the preferred
per cent. 1t was freely reported that Van
derbilt had been unloading Northwestern.
If this is the case some one has been very
kind in taking the load off his hands at
very small decline. Missouri Pacific books
close Decem Der 2eth, h,dividend ~ per cent.
The street IS still unwilling to
believe in the tripartite alliance of the
Union Pacific, ST. Paul and Rock Island,
and officers of the Union Pacific are quo
ted as denying the whole story yet many
still believe that such an alliance has been
effected, but that it is not for the interest of
certain prominent insiders to have it
known just yet. Manitoba's earnings
during the fourth week of November de-
creased $4,000, while Omahas earnings
for the same time increased $4,000,
and during the moath increased
S55,000. Missouri Pacific has
declared the usual "a per cent dividend
Most of the largest operators were at the
Windsor last evening, including Wander
bilt, Gould. D. o. Mills, Smith, Woerishofer
and Commack. 1t was reported the Penn
sylvania Central had withdrawn from tie
coke pool, which is portion of the trunk
lines association, and IL was upon this
news that Commack sold 10000 shares of
Lake Shore yesterday afternoon. Fink
said last evening that whether
this pool WAS to be maintained
end continued Or broken up will be de-
cided to-day, and from this it would seem
that the announced withdrawal of the
Pennsylvania Central was u little prema-
ture The leading bears declare that the
dissolution of this coke combination goes
10 the whole ChicGgo d. New York Trunk
line pool. The coke business amounts to
several millions dollars per apnum and the
trouble has come from the NeR York Cen
trail extensions in the PENNSYLVANIA
regions. Vanderbilt ami Depew each re-
marked last evening that there was no
more truth in the reported breaking up of
the trunk line pool than there was in the
rumor that the New York Central Railroad
company had decided to issue $20,OO0,0O0
of bonds. Vanderbilt said he WAS doing
nothing in the market and it was not true
that he had pegged New York Central for
Lake Shore, but taat he had observed that
all the stocks which were pressed upon the
market for sale were bought by somebody.
He added that the New York Central
had decided to lower communication rates
so per cent. from Jan0ary l. It is report
ed on excellent authority that Vanderbilt
has had his experts and accountants thor
| oughly examine the Philadelphia 65 Read
lug account for the past year 10 see if t
has actually earned dividend, ana 1t mas
been determined upon the pr vsu showing
10 pay three per cent. On the STOCK. Van
derbilt people bought 100U0 shares of
Reading yesterday upon this Information.
The Delaware, L4ckaw2nna q Western
company yesterday decided to
reduce all size of Scran on
coal and it is expected tho other com
panies will follow suit. The various min
ing companies have agrsed to suspend
work for ten days this month. The Louis
VILE & Nashville railroad people
together with the other southern lines be-
| longing to the same pool have agreed to
arbitrate all matters regarding rates, ETC.,
January l5 A private London dispatch
iCC0lfCo tHC ViHOSOi ldSs CfculuS gays
the Grand Trunk lease of the West Shore
had been signed. The feeling is buIlish
| on Pacific Mail and it is said Hart bought
5000 shares, and says the stock is going
to SO.
"The story that was circulated yesterday
to TIE effect that was about to suspend
Is blankety blanked lie," Numbered jim
heene to-day. Mr.. Keene was very wrathy
and said ne meant to sue the paper in