St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-02
NEW YORh.
Especial Telegram to the Globe.

lSpecial Telegram 10 the Globe
New YORK, Dec. 1.-The market opened
with scramble by the shorts in New Yorl,
Central. Their demands ceased when the
stock touched 955S, rise of per cent from
Saturdays figures. st. Paul was the strong
est among the Grangers S. V. White was
large buyer of it. Delaware d Lackawanna
rose to Ill aud afterward fell off 10 iO9JI.
There appeared to be considerable realizing
on the bulges. Omaha preferred
opened up 1 per cent higher.
There was considerable activity in
Texas Pacific, and the stock was Quit,
strong. Min neapolis d st. Louis preferred
did better also. Tue Northwestern earnings
begin to pick up little, and more confdencs
is being developed in the Granger roads
generally. 1t is expected that the earnings
of the Northwestern for the fourth week in
November will show a decrease of about
100000. Vanderbilt brokers say that Ia,
New York Central statement will be so un-
favorable as TO justify lower prices. A bear
leader said to-day that there was not likely
to be much in the market until sometninp
occurs to increase the supply of stocks. Con-
gress might do something to give the bears 4
chance, though at present all the advantag,
lay with the bulls. The coal com panies have
decided to shut down only one day this
month instead of six as was originally in
tended Vanderhoof says that public conf
dence in railroad securities is increasing
and that Orders TO purchase, both for invest
ment and speculative account. arp
becoming more numerous. American Sc
curities were quoted higher in Loudon, and
German houses we're again heavy buyers
Tne Diusmore suit to anuul the lease o. the
Jersey Central to the Reading was decided
this forenoon against Mr. Dinsmure. A ii
rector OF the Omaha says taat there is mouev
enough in the treasury of that company 10
pay the interest on the bonds and DIVIDENDS
until-next May without earning a dollar.
The Eoad is now claimed to be earning 7 per
cent on its stocks.
Reports have been circulated taat there
were negotiations under way looking To-
ward the settlement of the railroad war
There is no truth in this, and we are no
nearer the end than ever, except that time
is advancing. Passenger rates TO Chicago
over the Central, West Shore, Erie ana
Lackawanna routes continue firm at satur-
days figures. Various railroad officers saw
that the matter is no nearer settlement
except in the lapse of time than It has been
since the war began. In regard to the freight
rates east bound from Chicago, they are again
away off. General Passenger Agent Monet.
of the West Shore road, SAYS it is not true
that his company has agreed to submit pas
senger rates TO arbitration, and SAYS there is
no necessity for arbitration on through busi-
ness, as II is the policy of the West Shore TO
sell through tickets just as low. as NAV pre-
vail by competing lines. Receiver Houston,
of the West Shore, when told that the street
had the railroad war again settled, said:
"There is absolutely nothing new In the mat
Ter. No negotiations are pending, and no ef-
forts towards a settlement have been made"
During the middle hours the market was in
cined to drag, and the bears predicted that
the boom was at an end, but during the clos
ing hour prices picked up again. There was
excellent buying of St. Paul, and the stock
advanced above 81. Western Union
telegraph appeared TO be in good demand
and made handsome gain for the day. The
bulls seemed to be in complete control at the
finish, and held their speeialties with appar-
ent ease. Missouri, Kansas s. Texas came
to the front during the afternoon and was
the most active among the light weights.
The market shows signs of improving in ac-
nvity and strength as tire week advances
Chicago, Burlington 81 Quincy touched 122
at the finish. Stocks closed strong