St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-21
9ss, 9ss. against s4s, 279, 1861 for the CORE
spending week Of last year.
NEW YoRk.
lspecial Teleeram % DE Globe. /


New YORK, Dec. 20.-Lackawanna is now
leading the market around by the nose. and,
as it wasa good deal weaker on the start,
everything else on the list declined too.
Within an hour after the opening Lacka-
wan Ia had declined ~ points and was sick
at 951<.
1.-THE market says one house, ''issso devoid
of incident that when IL sells up a point or txo
there are enough sellers to inaugurate Decline.
and whenever there is a break there are enough
buyers 20 turn IL mp again. We think that Lack
awanna is being monkeyed with, and is good
purchase at under par"
Henry Clews advises purchases. Work,
Strong & Co. are making large purchases of
Oregon Trsnscontinental, and have been do
ing so for long while The nearer the hol-
idays get the less eventful speculation be-
comes. SO that next week il is not expected
that there win be money either for buyers or
sellers. One feature OF the morning was >
little squeeze In Missouri Pacific, which, I'M
der manipulation, rose "a by jerks aud
jumps. The earnings Of the Grand Trunk
since last January have decreased 50. 050. l61.
Ii is still an open question whether Lake
Shore pays any dividend Some want 1t
passed and others are in favor Of / PER cent.
The matter will be decided next Wednesday.
The Lackawanna dividend is to
be declared next Friday. Vanderbih
brokers were bulhsh on Northwestern and
/ D. P. Morgan felt the same way on 81. PAM
and Laczawanna. There is large short in
terest out In Northwestern and no floating
stock. Gould brokers were buying yesterday
afternoon. and CammOck covered bis shorts.
Jersey Central stockholders will consent TO
a reduction of dividend for two OF three
years. Insiders in st. Paul say It viii not
go below 1871 at present. The coal compa-
MES have determined upon. percentage
allotment plan for next year, and are BOW
arranging details. Reading wants 4 per
cent. more than it has had for the past two
years. The operations are to be under a
board of control composed OF the presidents
of the different roads. The committee ar
ranging the details will report the seeoud
week in January. A sinking fund is 70 be
/ created by the Union Pacific for the Kansas
Pacific consolidated bonds Berlin bank
has taken s1,5O0,O0O Of Northern
Pacific second mortgage bonds, which
accounts for the present strength in ifs
stock. AS the day advanced the whole
market became stronger and higher, The
bids for Rock Island bonds, S15.000,000 )
per cent. first mortgage extension and col
lateral bonds, TO run so years, were opened
at noon to-day. Bids for between s15, 000, 00O
and $4,000, 900 were received ranging from
par upward. Ali the bonds were awarded to
Kuhn g. Loeb at lbove l03. Free selling OF
Delaware g. Lackswanna characterized the
late dealings, and the stock looked quite
weak. Pacific Mail continues strong card
The final quotations in Western Union tele
graph are, ex-dividend ~ per cent, and OF
Missouri Pacific ~. The feeling was quite
tame at the finish, and it looks as though The
bears might attack prices again next week,
as there is evidently no outside buyer fol
either quotation or investment at present.