St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-05
NEW YoRk.
lspecial Telerram b the Globe. |

New YoRK, Dec. S.-There was much IT.
regularity in the early dealings Northwest
ern rose to S9N, aud on the announcement
that the earnings for the fourth week Of No
vernber showed falling of Of $500, 900 and
for the month s4OO, 600. it dropped.a point.
St Paul was strong, while Missouri Pacific
went all 10 pieces, selling below 92 during
the FIRST hour. Chicago, Burlington & Quincy
touched l22Z. Telegraph was well held,
but looked very much as though Mr.. Gould
depressed Missouri Pacific for the purpose Of
buying other stocks. The unfavorable state
ment Of the New York Central did not have
the bad effect expected, and was counter
acted, perhaps, by the repeated and iunum-
cradle reports OF 4 probable settlement Of the
rate war. New York Central people will
listen to nothing except an uncon-
ditional surrender upon the part of
the West Shore in the form of a
restoration Of rates. The Central will follow
a restoration, but will not lead. 1t has paid
~ per cent dividends upon 5.23 per cent.
earnings in the pas, fiscal year. The Cen
trAl to-day reduced tie rate to Cleveland aud
Detroit to 81. This is a reduction of 80, and
is to meet the reduction by the brokers.
Frank, at the Astor house, is selling at So
this afternoon. II is stated this afternoon
that the Pennsylvania railroad has grown so
restive under the existing conditions of the
trunk line pool that it has threatened to
withdraw absolutely. Efforts 70 bring about
settlement OF the trunk line difficulties have
been reduced. President Roberts, Of the
Pennsylvania company, was to have attended
conference in this city on the subject last
Saturday, but was unable 10 come. He is here
however, to-day, aud has been in con sultatiou
with the New York Central directors. London
arbitrage brokers were buying the Wander
bits this morning. The bidding up Of the
market yesterday was thought to be largely
for effect, and as little stock as possible was
bought 10 accomplish this purpose, yet slay-
back was buying Northwestern and St. Paul
aud 1000 shares OF W.stern Union were
bought for London account. Nearly every
body is afraid Of Union Pacific until If is seen
what congress will do about its big debt.
Vanderbilt brokers say that something will
be paid on both New York Central and
Lake Shore in the way Of dividends. General
oPNNNAoANuN - 10 Cc away
from stocks TO grain just now. Bull points
are distributed plrntiiully concerning West
ern Union, and its next statement.
Cue next week, will be the best
ever known in its history. The earnings of
this company are always large during the
year OF presidential election, and this year
has been no exception to the general rule.
The market during the latter part OF the ses-
sion Was not particularly brilliant. and the
demand for shares was rather slack Chi
cago, Burlington & Quincy fell back to l2il<.
The Changers just about held their own, as
did the Nanderbilts. There was one sale of
Pullman at lIOsl. The unfavorable show
Ing OF the Changers was somewhat Of a
dampeF aud caused much comment. There
was out little life in tie final dealings. Cen
tral & Hudson appeared to be about the
strongest feature The bulls do not seem
inclined to give up the ship, and seem to
think the market displays sufficient strength
to warrant the expectation OF better prices
later on. There was a squirt in Ontario &
Western at the finish and the whole list was
drm,