St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-15
NEW YORK.
rspecial Telecrarn 10 the Clobe |
WALL q BIGELOW

Especial Telegram 10 the Globe.
New York, Oct. 14.-Stocks wavered for
short time after the opening this morning
and sold off a little frorn last evenings fig
ures. The clique in Delaware & Lackawanua
soon came to tie rescue. Union Pacific also
started upward, and improvements all along
the line followed. By 2 O'Clock the whole
market was looking quite buoyaDt. Della
ware d Lackawanna had gained some 4
points from the lowest price yesterday
and Union Pacific came next.
There was considerable hiarity on
the exchange, and politics and
business was very much mixed up. The
Gould brokers appeared to be buying stock,
and they marked up Telegraph and Missouri
Pacific. There was good buying of North
western, and the Omaha looked better. The
Vanderbilts were rather neglected. Specula-
ton centers in three or four fasorities, and
the room traders confine their operations al
most entirely to the specialties which for
some days have proved remunerative in the
way Of quick turns. The market continued
until within few moments of the close.
There was some realizing then and reac-
tons followed. The continued grain ship
ments from Chicago at rates below the
schedule made at recent meeting of the pool
roads is explained by Commissioner Fink as
due to the carrying out Of time contracts
made before his order was issued. Railroad
men are of the opinion that the higher rates
cannot be enforced so long as business is so
dull as now, and that we are on the eve OF a
bri war pfr ute hot
ger. The last move in the fight between the
Pennsylvania and Baltimore IL Ohio roads is
an order Withdrawing from sale in the Penn
sylvania ticket offices tickets TO all points on
the Baltimore d Ohio line via Baltimore.
The order has been sent to all the western
agents. The excitement in petroleum circles
continues and the market is thoroughly de-
moralized. The new Christie well was an
nounced this morning as flowing 2O9 barrels
per hour, and the market opened with a
break of 11&c, and twenty minutes later had
fallen 212c more. At noon the price was
6115c. a decline of Sc from last nights
prices. Failures are looked for among the
traders, as they have been rather bullish for
the past week. The market recovered 115c
in the last half hour on realizing Of profits
by the shorts.
The cattle trade was slow and prices rather
easier. Among the fresh receipts were 300
to $50 cars of Texans and westerns With
the fresh receipts and those left over there
were fully $4,000 on sale, as there were about
$50 cars of westerns carried over last night
Good MOntanas and Wyomings are cheaper
every way than medium natives Texans
sold at $4,000, Montanas s4@5, Wyomlugs
S3.75Q4.75, western low grades, including
cows, bulls and tailings. S3.5O@3.75.
Trade was slow in the hog market and the
closings weak. Prices ruled irregular. Some
dealers claimed values were 25lG3Oc lower
than yesterday, while others declared the
decline was only 15@20c, and
between these extremes there was an
actual decline. With the fresh
receipts and those left over
there were about 40, 900 on sale, as there
were at least 5000 carried over last night.
Values have declined about 30a4Oc per 100
since last Friday. As, for instance, on that
day the best assorted heavy sold at 81 .SOC0
$50 aud to-day at IS .35a5 so. \ iarge
number of good packing hogs sold around
about 81 90 ana s.. 10, and the best made
only about S.. Is to So 20. Light sorts were
almost entirely neglected. Scarcely sufi-
cient sales TO make quotations.