St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-19
exchange was s4.sl1E@4 s51<. The bank
clearings we're s7,445, 600, against s., ,959, 900
yesterday.
NEW YoRk.
Ispecial Telegram . the Globe. {

ioPGA1Ai Aeir ~ Tue 0AODc.N
NEW YORK, Dec. 1S.-There was a fair
amount of activity during the morning in
the Vanderbilts, Changers, Coolers, Union
Pacific and Telegraph. One house sold 2, 900
shares Of st. Paul at 1871. The market took
the stock, and it advanced to 74N. The
short interest in IT is large, aud 1t COM
manded small premium for use to-day.
Northwestern earnings for the second week
in December increased 1000, and the
stock was very well sustained. There ap-
pears to be buyers for it in the neighborhood
of IS. Considerable Telegraph was dumped
overheard this morning, and It broke TO
56K. Delaware 81 Hudson sold down TO
761<, and rallied TO 7s in d few moments.
The principal topic Of conversation cont utinues
to be Deacon S. V. Whites sensational cir
cular to his customers.
"a clever spectators never comes ont in cir
cular TO his customers, said broker ssexcept
to accomplish some speculative purpose That 9
not the way TO do business The idea OF a brok-
erage firm selling its customers stock and then
advising them of IT by the public press. The
fact is that the deacon probably wants to get
new and better hold Of his favorte stock. and has
resorted 10 a little sensation alism to effect his
purpose"
White is reported to have over $4,000
shares of Lackawanna, and the order was
given to prominent bear operator, who sue
ceeded in delivering 60, 900 shares the first
day after the sale and 20, 900 shares the sec
ond day.
"The coal business is TO be revolutionized,
said another broker. Prices have been boil
stored up so long that it will surprise people
some to see anthracite going at s@.50@s.Oo a
ton retail, but that's what is coming. Wander
bilt is determining to run the Reading coal mines
at top speed and to put all Of its product on the
the market at whatever it will bring. and he is
adopting really broad and wise policy"
Inside selling of Rock Island is currently
reported. Vanderbilt brokers think there
may be squeeze in New York Central be-
fore long, while Gould brokers say there will
be no more good markets until after the Ist
of January. The Oregon Transcontinental
company has only succeeded In raising
about one-half of its SO, 600, 600 loan. 1t is
stated that President Joy, Of the Wabash, in-
tends to make another trip TO Europe early
next year. When he goes he will take the
result of the operation Of the road for the last
six months of 1884. by which he can show
what the road has done. The statements of
each branch liue will be presented, SO that
the bondholders may know just how things
stand. The laying of this statement
before the English bondholders is ex-
pected to result in some agreement.
The market displayed considerable strength
in the closing hour. The whole list came to
the front, with improvements all along the
line. The shorts covered a good many
stocks, and appeared little nervous at the
strength displayed. There was but little in
the way of gossip ahoat. The dealings at the
finish were quite lively, and there appeared
to be good demand for all the leading
shares. Delaware d Lackawanna and Tele-
graph were particularly strong features. The
market closed firm, with considerable talk
that it may be advanced still further to-
morrow.