Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-15
NEW YORK.
Especial Telegram to the Globe. |


New YORK, Nov. 14.-The market open
ed active and irregular. Some stocks
we're very strong and others very weak.
The heaviest operator in the market now
is W. j. Hutchinson. He seems to have
the sympathy and support of the Wander
bilts. and it is said in some quarters that
he is trying to manipulate the market SO
as to dispose of the stocks which W. K.
Vanderbilt acquired last spring and sum
mer. Keene is said to be operating with
Hutchinson, and these are the elements in
the big pool in Lackawanna. The regular
commission houses are doing
little business and the room
traders and the Professionalism the mar
ket to themselves. sharp attack was
made on Manitoba, and big decline Sc
cured. Nearly all stocks became weak in
the latter part of the day, and all closed
The early strength of the market caused
considerable sensation and fxtter among
the Windsor bears, some of whom had
been selling Delaware & Lackawanna
short. Brokers say the outside buying
of stocks continues good, and
the lessened volume of interior
buying orders yesterday was due
to the disarranged condition of the wires.
Mr.. James R. Keene has been prominent
figure in the stock market, and the effect of
his guerrilla Tactics has been very mani
fest. Whenever any weakness has been
shown he has been vigorous bull, and
when his help was not needed he has quiet
lY fed out stocks to those who hungered
for them at top prices. Mr.. Gould has
promised him trip IN the Atlanta next
summer. Mr.. Willard hes taken him
up to see his new house,
aad Mr.. Vanderbilt is going to give
him and ride behind Maud s. They all
let him call them by their first names, and
greet him with a familiar "Hulloa,
Jim," when they meet him. He can afford
to have Henry N. Smith scowl at him for
usurping his place in Mr. Yanderbilt's af-
fections.
The talk among railroad men is that
| they would like to see something definite
concerning the lease of the West Shors
line to the Grand Trunk. The report is
gaining ground that some of yanderbilrs
money has gone into the construction
of the West Shore road, and that Wander
bilt will show his hand when the time
comes. 1t is thought that the New York
| Central and Michigan Southern will not
sit calmly by and see their export business
swallowed up by the Grand Trunk. Suf-
| fcient has been developed to show that
offers have been made for the West Shore
that look as if they might have come from
Mr. Vanderbilt. 1t will be remembered
that Vanderbilt protested that he did not
want the Nickel Plate, but he bought it
nevertheless.
Judge Ingraham this afternoon in
the special term of the superior
court rendered a decision in the proceed
ing of the people ex rel' Wm. II. Field
against the Northern Pacific to compel the
| defendant company to exhibit the books Of
the preferred stock of the company or
other books containing the names and
addresses of the holders of preferred stock
and TO permit him to take the names and
addresses of the registered holders of pre-
ferred stock. The judge denies the mo-
ton. Official notice has been issued for q
meeting of the Northern Pacific stock
holders on the Goth to vote on the pro-
posed issue of $20,o00,o0o second
mortgage bonds.
1t is rumored that the coming govern
ment report on the Union Pacific compan
will show that while the total traffic
has increased, through traffic has fallen of
on account of competition. 1t is also said
that the earnings of the two last months
have decreased $1,0Oo,oO0 as com pared
| with the previous year.
| Superintendent Egan, of the Canadian
Pacific railway, and Major Rogers, civil
engineer, who has had charge of the ssr-
veys in the Rocky mountains for the last
three years, returned from the end OF the
| track last night. The major is still positive
shat the Kicking Horae pass is the nost
practicable route through the mountain.
Superintendent Egan Gays the line will be
completed to the summit of the Rockies
before the end of this week. The track
layers will thea be dismissed for the win
ter. Surveying in tbs mountains will be
continued during the wiRter. The Cana
dian Pacific railway guarantee is complet-
ed and the agreement executed.