St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-13
NEW YORK.
lspecial Telegram to the CLONE. /

New YORK, July 12.-The stock market has
dropped into dull groove with small changes
either way. The G rangers off per cent
for Illinois Central and Burlington, while North
western, St. Paul and Rock Island are fraction
ally better. Vanderbilt protected Michigan Gen.
trail but let New York Central take care of itself,
with the result of an advance of y in the one
and decline Of " in the other. The peg seems
to have been put into Lake Shore at about rs and
when it drops, it did this morning, to a notch
below, it is showed up in quick order.
Union Pacific has been less active but strong
to-day, and the Gould brokers have been quietly
buying the Goulo specialties, which is positive
evidence that the sLittle Black Man. proposes tc
march up the hill, and those who must will fol
low per force. Texas Pacific shares to the tune
of hundreds of thousands of dollars, are locked
up in the Gould vaults in the Mercantile Trust
| company's cellars, and Texas Pacific has dropped
to 8, with Wabash at 5, while Rochester ano
l.Pittsburg is nearly out of sight.
To-day Texas was jumped per cent and
Wabash " in short order, and the gossip of the
street is that Gould proposes to put the cats and
dogs on tep and divert attention from the Tele-
graph and Missouri Pacific specialties. The fact
is that Gould is believed to be in trouble, but his
friends say he has grip and grit enough left vet
to put his stocks up or down as he pleases-
There some very hard rumors respecting his
situation, and the only basis for them appears
to be the negotiation of certain loans
on Missouri Pacific and it is regarded BY some as
ssGould move"-that these loans have been
manipulated.
| Aside from the statement that the Democratic
presidential ticket has good head and very
big tail the Office gossip Of Wall street to-day
rests on Gould's and Sage's probable financial
| life and the Saturday races.
| There is little business and no outside trad
ing.
Condition of the Chicago Postoflce.
| WASHINGTON, July 12.-Chief of Postoffice In
spectors A. G. Sharpe ard Inspector Camp app
| pointed as commission to examine into the con.
dition Of the Chicago postoffice, have made re-
port to the postmaster general. They find the
postmaster has devoted his time to the Office and
possesses good general knowledge of the de-
tails of the service The assistant postmaster is
experienced and efficient, and well fitted for the
position. His duties, however, are somewhat
limited under the present organization of the Of
flee. Some of the most important duties usually
performed by the assistant postmaster at large
postoffices having been delegated or absenteed
by what is termed an auditor.
| The commission says We have carefully ex-
amined work now performed by auditor and are
of opinion his duties can be added to those now
performed by the assistant postmaster without
| detriment to the service. We recommend this
consolidation be made, and that the three thou
| sand per annum be paid the auditor be suspend
| ed from the allowance A private secretary of
the postmaster is carried on the roster at 800
| per annum. In our judgment Il is position is
| unnecessary, and matter of fact very little
service has ever been performed by the party
now holding the position. We, therefore, rec
| ommend that the Office be abolished. The COM
mission believe that two clerks employed in the
weighing division can be dispensed: with The
| superntendents division we found to be efficient
and experienced men. The mailing and
| city delivery divisions are especially
well managed. Some additional force is
regarded as necessary before beginning the
heavy work of the fall and winter. The stations
were found in good condition, with the excep-
! ton of fixtures and furniture, which is worn and
| shabby from long service The commission
| recommend the discontnuanee of the postofices
| at Wright, Grove, Bandon and Humboldt Park,
their places being supplied by sub stations. They
| also recommend that inspector be charged
with the duty of investigating the delivery SER
vice, with view to its extension, if deemed adj
vsable, to outlying stations. Altogether the
report recommends an allowance of thirty-one
| additional clerks at aggregate salary of $780,
| 100, and provides for reduction Of S7,460, leav-
| ing net increase of $12, $50.