Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-30
STOCK GOSSIP.
THE COURSE OF THE M4RRETS ON
WALL STREET.
Active Buying End General Improve
ment in Prices of tDe Leading Shares.
New YORK, Jan. 2s.
Governments-Firm.

New YORK, Jan. 29.
Governments-Fi
RaiIways-There was firm tone to railroad
bonds, with further improvement in prices. A
good investment dsTnand prevails for leading
issues and disposition to buy is the increase
There was q large business done in West Shore
frst's and prices advanced on reports OF negoti-
ations with Vanderbilt for the control of the
property but lone of the stories put afoat eould
be verified.
State Bonds--In stats bonds Missouri 6's of
169J sold at lG2; Alabama, class a, at 81, and
Arkansas, Pine Bluff issue, at 20.
stocks-Speculation was active and buoyant
during the greater part of the day ard further
general advance IL prices was established.
Operators on the bull side manifested increased
confidence a. i bought freely throughout the day.
Dealings wes unusually well distributed and the
entire list participated ia the Improvement This
rise in prices cEused some of the smaller shorts
to cover, but Il is believed leading bears have
not yet taken In shorts. The only important
reaction occurred at opening and again about 2,
prices falling off Il to rs per cent The last
decline was occasioned by reports that rates on
Utah business had not yet been restored. the re-
ports having arisen from misconception of dis
patches sent east by Commissioner yining.
After close Of business it became known that
Commissioner Vin1ng's kilograms simply stated
the companies were. to use classifcations ofTrunk
lines instead of Union Pacific, as classification is
different. 1t also announces that rates have been
restored and matters were working harmoni-
Ously. The change in the temper of speculation
is steadily bringing in toutside orders to buy
stocks. Commission brokers to-day report the
largest business in tn line for long time past.
The removal of all embarrassments frem the
Northern Pacific system has relieved the market
of the incubrs which has been hanging over it
for some time past, and to this is due in no
small degree tie improving tendency of affairs
on the Stock Exchange st. Paul, Minneapolis
& Manitoba was a feature of dealings, having
sold up from 891l to $50. Delaware, Lacka-
wanna q Western, Chicago, Milwaukee & St.
Paul, Louisville & Nashville and Union Pacific
were also conspicuous for strength. In the
afternoon Oregon Navigation fell of to 50,
against 100 earlier in the day. st. Paul, Minne-
apolis & Manitoba sold down to 90H just previ-
GUS to the close. Louisville & Nashville,
| Kansas & Texas, Texas Pacific and Pacific
Mail were Gin active demand at
rapidly advancing quotations. This changed the
markes again ana speculations left off strong
AS compared with the close of last night prices
are A@2 per cent. higher. Alien & Terre Haute
advanced per cent. TO 81, and Minneapolis &
ST. Louis preferred 81 per cent to 3411SS. Oregon
Improvement fell eff to 49, rallied to 4S, and
closed at A.. st. Paul, Minneapolis & Manitoba
was another instance to-day of stocks that had
been sversold. without attracting much atten-
! A. Al. a
cover, which they did in this case to-day
Thursday it sold at S47a, and last night it closed
at 885s, opening this morning at 891S, advanced
to 9511s, and in the afternoon sold successfully
at SO, 931s and 9O4, the greater part of 600
shares sold to-day, however, being above So.
The Mail and Egpress says: The present bull
interest irt be msrket ls the strongest which has
existed for over two years. The same paper
says it is known Gould had made it condition
| in all new pools which he has gone into that
stocks should be held for at least six months.
There has been a rumor that the Western Union
Telegraph company had secured control of the
Baltimore & Ohio telegraph line. The officers
| of both the Western Union and Baltimore
Ohio say there is no truth in the report, yet in
some cases hints have been given of a traffic
| agreement under which rates can be well main
| tained. Stocks held by the Oregon Transcon-
| tinental company, after deducting 10000 sold on
| Saturday to the syndicate, are understood to be
| 143,o27 shares of Oregon Railway & Navigation,
| 123, 200 of Northern Pacific preferred, and
| III, 1874 of Northern Pacific common. The value
Of these at prices this afteEnoon, say SO for
Oregon Railway q Navigation and AZ for North
! ern Pacific common, would be $23, 4S6, ,86O; add
to this say $10000 COO of other assets and the ag-
| gregate would be S24, 466,860. The latest
rumor intimates that special meeting of the
directors of all companies of the Northern Pacific
| system will be held within ten days, at which
certain designations will be accpeted, to be re-
| placed by the names of Sage, Gould, Field and
| two prominent railroad men, one of whom is
| connected with the Southwestern system and the
other with the Union Pacific railroad.
The transactions aggregated 506,OO0 shares:
Central Pacific 5000; Delaware, Lsckawanns d
Western 85,G GOO; Denver & Rio Grande 5000;
| New York, Lake Erie & Western 2,0G0: Kansas
& Texas 5000; Lake Shore $4,000; Louisville &
Nashville $4,000; Missouri Pacific 10000; New
York Central 5000; Northern Pacific $4,000;
Pacific Mail 5000; Philadelphia Reading
| 5000; Chicago, Milwaukee d st. Paul $4,000;
| Texas Pacific $4,000; Union Pacific $4,000;
| Western Union Telegraph $4,000; Canadian
Pacific 6, 900; Oregon Tranecontinental $4,000.
MINING sToogs.
There wss small volume of business in the
mining market during the forenoon, and the
active interest recently developed appears to be
gradually dying out. Prices were steady, Father
DeSmet selling 400, Consolidated Virginia 27@
26, Consolidated Pacific 80, Mono 1870, Sonora
IL and Tioga rs. An odd lot of AZ shares of
Northern Helle sold at IA.