St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-27
NEW YORK.
Especial Telegram to the Globe.

Special Telegram to the Globe.
New YORK, Oct. 25.-The market this
morning opened rather weak, though not
particularly active. \ drive was made at
Canada Southern and Jersey Central, and i
decline Of I &c per cent in each occurred
in a few moments. The earnings OF North
western for the third week in October were
published early, showing a falling of of
S4S. 600, while Omaha made gain of -, 500.
Northwestern dropped TO $50 on the an
nouncement.
Business on the exchange came to a stand
still before an hour had elapsed, and SO re-
NAMED with triaing variations throughout
the greater part of the day. This was due to
the elaborate preparations for the great Dem
oeratic demonstration this way, there being
good deal more of politics than business
on all the exchanges to-day, and in the
brokers offices as well. Il is estimated that
1000 men from the stock, produce, petro-
leum. mining and other exchanges pa tel
pated in the parade. Everybody in and
about the exchanges wore a political badge
to-day, and the red buttons bearing (. & Il.
initials, and the red silk badges
with the gold lettered insignia, are largely in
the majority over the blue.
The United States railroad commissioner
reports the government debt of four rail-
roads as follows: Union Pacific. $50 142, 209;
Central Pacific, $40, 551 .045; central branch
of the Mon Pacific. So, 076, $50; Sioux City
Il Pacific, So, 159, us. The great fear seems
to be that the West Shore viii extend its cut
!
trunk line war. The strength Of the Lon
con markets is attributed to- telegram from
some one reporting the trunk line war set
/, tied.
Sonthcr said to-day: al do not attach
much Importance TO the imports Of gold. as
they are very largely made for speculative
purposes"
1t is credited this morning thst an agree
meut has been made that Lsckawanna should
he supported above I0S. Union Pacific above
53 aud st. Paul Above -. Predictions are
freely male that Jersey Central viii sell at
- this year, and insiders say Reading viii
not pay anything on the Jersey Central lse
in December. 4 good many think that If
the Baltimore Il Ohio gets control of Jersey
Central the road will be operated solely in
| that interest, and the stockholders VIII get
nothing. Some OF Yanderbilt's brokers talk
very bearish on Lake Shore AID New York
Central. and predict 60 for the former aud
20 for the latter stock. The report is again
revived that parties other than Vanderbilt
are trying to get control Of the Lake Shore
Charles Herd x Co say: a very deter
mined effort has been made to unload stocks
and we are only the more confirmed in our
/ bearish views
lawson said this forenoon that he IS posi-
! tive Lake Shore viii issue additional bonds
to the extent OF SIS, 600, OeO. aud asserts that
/ he has been some OF the bonds.
/ Further cuts in the passenger business
/ we're announced By the West Shore this fore
! noon. Foreign holders Of Illinois Central
/ are represented 20 be wecried BY the decrease
\ III its earnings. There is talk OF
another bear combination against
Western Union and Laeksvsnna and
AstoE is reported to have sold lot of invest