St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-21
sse, ess, against s4s, 27s, 1851 for the CORE.
spending week of last year.
NEW YoRk.
lspeeial Telerram % the Globs. |

New YORK, Dec. 20.-Lackawann is now
leading the market around by the nose. and,
as it was good deal weaker on the start,
everything else on the list declined too.
Within an hour after the opening Lacka-
wanna had declined l a points and was sick
at 95X.
1.-THE market" says one house, s'is 20 devoid
OF incident that when it sells up a point or two
there are enough sellers TO inaugurate decline.
and whenever there is a break there are enough
buyers to turn It up again. We think that Lack
awanna is being monkeyed with, and is good
purchase at under par.'
Henry Clews advises purchases. Work.
Strong 81 Co. are making large purchases Of
Oregon Transcontinental, and have been do
ing SO for a long while. The nearer the hol-
idays get the less eventful speculation be-
comes, so that next week it is not expected
that there will be money either for buyers or
sellers. One feature Of the morning was
little squeeze in Missouri Pacific, which, IN
der manipulation, rose ~ by jerks aud
jumps. The earnings of the Grand Trunk
since last January have decreased 81. $50, l61.
II is still an open question whether Lake
Shore pays any dividend. Some want it
passed and others are in favor of ger cent.
The matter will be decided next wednesday.
The LackaWanna dividend is 10
be declared next Friday. Vanderbilt
brokers we're bullish on Northwestern, and
D. P. Morgan felt the same way on st. Paul
and Lackawanna There is large short in
terest out in Northwestern and no floating
stock. Gould brokers were buying yesterday
afternoon. and CammOck covered his shorts.
Jersey Central stockholders will consent to
a reduction of dividend for two or three
years. Insiders in st. Paul say it Will not
go below 1917 at present. The coal compa-
mics have determined upon percentage
allotment plan for next year, and are now
arranging details. Reading wants 4 per
cent. mofe than it has had for the past two
years. The operations are TO be under
board of control composed of the presidents
of the different roads. The committee ar
ranging the details will report the second
week in January. sinking fund is TO be
created by the Union Pacific for the Kansas
Pacific consolidated bonds. A Berlin bank
has taken Sl,5O0,0OO of Northern
Pacific second mortgage bonds, which
accounts for the present strength in its
stock. AS the day advanced the whole
market became stronger and higher, The
bids for Rock Island bonds, $4,000, 600 3
per cent. first mortgage extension and col
lateral bonds, to run 80 years, were opened
at noon to-day. Bids for between $l5, 600, 600
and $4,000, 900 were received ranging from
par upward. All the bonds we're awarded to
Kuhn 81 Loeb at lbove 1913. Free selling Of
Delaware e. Lackawanna characterized the
late dealings, and the stock looked quite
weak. Pacific Mail continues a strong card.
The final quotations in Western Union tcle-
graph are, ex-dividend l = per cent, and on
Missouri Pacific "a. 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 for
either quotation or investment at present