Daily globe., 1883-10-31
NEW F0RE.
Especial Telegram to the Globe. |


. New York, Oct. 30.-On the stock ex-
change to-day the bears were not particU-
larly active, but g lover range of values
was established in the leading securities.
The market opened up strong but dull.
Oregon Transcontinentai was The principal |
feature, and vas especially stroDg. Re-
ports of Il large pool in it have been in
dustriously circulated, and the buying I
seemed to be by scalpers and traders, Who
put confidence IN the rumor. After the |
first hour there was quiet slidirg CIT IN |
prices, which continued during the day !
With occasional feeble rallies. Ona of
these was caused by spurt in
Denver, which was bid up rapidly. if
possible, with the design of inducing
subscription to the new bonds. During
the last half hour the advance in Oregon
Transcontinental was broken end big de-
cline followed. The whole list sold on in
this break. and al closed weak. If the
opening is weak prices will probably raj
Iy some tomorrow, but nobody looks for
any great activity. Quotations: North
ern Pacific scrip, 84@87; Oregon Railway
& Navigation company, 115@116; Oregon
improvement bonds. 89@90; Oregon I'm
provement stock, 1877; Mutual bonds,
8SM@85; Mexican Central, 12@122l;
Mexican sevens, 50 q 1913.
Day says: ''For the first ffteen minutes
prices were steady, showing slight ad-
vance over the close CT yesterday. From
that time the market alternated between
! comparative strength and weak
ness, confined within very narrow
fluctuations until the last hour, when the
! bears asserted themselves and Eaided the
whole market sharply. Oregon was the
strongest stock at the opening, selling at
/ sic, from which price il WAS fed out as
I long as the stock could be sustained.
During the afternoon Oregon Transconti-
mental was put Up sharply, and the stock
came oct freely at the advance. Canadian
/ Pacific vas very weak during the fore
noon, and showed no life at any time.
/ Danver was very dull until the middle
hours, when, d. ring a time of almost
com plete staghaticn it was ad-
vanced from 26 TO 2735c. The granger5 we're
weak under the leadership of st. Paul and
Northwestern. Il was very evident the
whole market had been sold for tho past
three days on tbs strength OF Oregon, and
a large part Of the selling was long stock.
Van Hoffman & Co. say they have $12,000,-
600 on the way from EQrope. The market
closed weak with very alarming reports
concerning the unsettled condition OF the
market in Europe owing to failures among
Liverpool cotton operators.
CEew said: "The want of buyers is now
required to keep stocks up. The public
have failed 70 do SO, and the shorts are
no longer competing as buyers. The
market will gradually sag to lower prices.
The shorts that can be frightened are all
covered. There is lack of other buyers
The market is sale on rallies, Western
Union ls pegged at 70. The Canadian Pa
cifc side-show does not draw worth cent
1t is good stock to leave alone"
Willard says: ''Tha market has been
fed too many long stocks and feels sick
Lower prices are likely. Trading is very
light. Oregon Transcontinental opened
the pot too high and kept others out, anc
it don't look like much of q bull market on
this deal. Decker and Lowell were big
sellers of Oregon TranscontI
mental to-day. There is some
!. talk of bob tail pool IL
, Denver which is helping the market g
! little. The cotton market is steady and
dull. The failing Of Maurice Ranges
caused temporary advance in prices
Ranger is short about 25a,OOO bales, Ths
recent bull turn of the market was osten
/ sibly waged against the immense shor
interest that existed and the large buying
of late has eznan6ted from the parties
representing it, and as they have been
! compelled to close a large amount of thes
3 contracts and appear now to stand cut OF
' what remains, it leaves the bulls will
J diminished customers to dispose of thei
t property, hence the various periods of IL
/ activity which have prevailed.
: Aloan of $2.0O0,O00 has just been madeb,
| the New York Life and Mutual Life Insur
. ance companies on eight apartment house
5 on the south side of Fifty-ninth street ant
b the north side of Fifty-eighth street, be
d tween Sixth and Seventh avenues.
Il 1t was said there was consultation O
!, the Windsor bear party, including Com
mack, Woirschaffer, Travers, Low AM
4 Shaw. Commack was very strong again;
Union Pacific, owing to the great redut