Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-26
NEW YORK.
Especial Telegram to the Globe


New YORK, Nov. 24.--The extreme fuc-
tuations of the market to-day were not
more than a of one per cent. Canadian
Pacific was exception, but the market as
whole dragged its slow length along with
out any feature, but its movement was
almost as imperceptible as an Alpine
acier. Northwestern has deolered its
usual dividend, and its books close Deem
Der 6. j.. V. White was quite seller of
stock and it was generally believed to be
for Gould's account.
At best the market was not half
holiday owing to the absence of large
number of brokers who will take advan-
tage of the close of the exchange Monday
and Thursday to have a full vacation.
Without expressing any opinion, what
ever, on the daily course of the market,
we are of the opinion that the Iowa pool
trouble will, before settlement, give OPP
portunity for the purchase of the granger
stocks at lower prices than they are now
selling, and may cause dropping tend
ency in the rest of the market.
Manhattan is active and advancing,
Charley Johns being the manipulation.
slightly bearish feeling prevailed at the
Windsor Hotel and a somewhat lower
market was generally predicted this morn
ing, the bears declaring that trading
henceforward was going to be m lower
basis of values. This party, of course, in
Guided Commack and several of his
friends, and they were all large short
sellers yesterday of Delaware & Lacka-
wanna, Missouri Pacific and st. Paul.
Consequently they had great deal to say
about the general bad condition of outside
affairs, and that the market had no outside
support, etc. Conservatives on the other
hand say that the market is again
getting oversold, and it will be about time
for Commick and his followers TO run to
cover again this afternoon.
President Keep, of the Northwestern,
was at the Windsor hotel last evening. He
says that the business of the road contin-
ues larger than last year, the increase dur
ing the third week in November being
$4,000, He said he thought the Iowa pool
line troubles were serious, and that war was
hardly to be avoided. The st. Paul people
were entirely to blame, and he did not be-
lieve they had grievances. He thought
the meeting on the Goth in Chicago would
not result in harmonizing the differences,
but admitted that he did not know what
had occurred since he left Chicago. The
brokers generally think there will not be
much business to-day, as large number
of traders have closed up their accounts
over the holidays.
The Vanderbilt people say the market
would have been great deal higher the
past week bet for the breaking out of the
Iowa pool war, but they believe matters
will be made smooth again next week.
Jewett says the Erie road is in better
condition to-day than other trunk lines,
and the people declare the common stock
is relatively the cheapest on the list, and
is worth twice as much as Wabash pre-
ferred. 1t is reported that g. W. Rogers,
of st. Louis, Gould man, will be nomi-
mated to-day as president and general
manager of the New York & New England
railroad, to be elected after the reorgani-
Zat1on IN december.
There is nothing new in the Elevated
railroad committees appointed except that
the Metropolitan company has appointed
a sub to make some reports.
There have been no conferences with the
Gould people, but Kneeland is not op-
posed to negotiations looking towards a
settlement. 1t is reported that the 10000
shares of Delaware & Lackawapna sold by
S. V. White yesterday was an order from
the Windsor and was short stock.
Director Millbrook says the st. Paul
will re-enter the Iowa pool on the old per-
centage of $50 and freight. st. Paul earn
ings increased the third week in Novem-
Der $4,000.
Clews says: "The stock market to-day
has been one of great stupidity, and was
to be expected on a day prior to a holiday,
as Monday next will be for Wall street.
Both buyer and sellers, consequently, kept
q respectable distance from each other,
thus making transactions comparatively
small, and none of them of sufficient i'm
portaRce TO call forth any particular notice.
Tho Elevated railroad dissensions hayethe
appearance of being brought to settle
ment soon, p committee having been APP
pointed for that purpose, step that should
have been taken long since, and before so
much bad blood had been worked up be-
tween the pugilishcal parties. The pie
thora of money was increased by the
presentation ana payment of two and one
half million of called bonds.
The grain market lost large part of
yesterdays advance on realizing salea, but
closed on rally from the lowest prices
reached
1t was reported yesterday that the Della
ware 81 Lackawanna railroad was likely to
place upon the market at an early day an
additional issue of bonds.
Friends of President Gowen, of the Read
ing road, have circulated petition in New
York and Philadelphia for signatures
urging him to withdraw his resignation
and to remain at the head of the road. 1t
is stated that insiders in east Tennessee,
Virginia and Georgia are going to advance
! the preferred stock. In July, August and
September the earnings of the road showed
| net increase of more than so per cent.
rr~N