St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-26
NEW YORK.
Especial Telegram to the Globe. I

IbPSN4"A VIZ N'ACSS"l
NEW YORK, Oct. 25.-The market this
morning opened rather weak, though not
particularly active. A drive was made at
Canada Southern and Jersey Central, and
decline of 1 &c per cent. in each occurred
in few moments. The earnings of North
western for the third week in October were
published early, showing falling off of
S4S, 900, while Omaha made gain of 80, 500.
Northwestern dropped to S54 on the an
nOuncement.
Business on the exchange came to a stand
still before an hour had elapsed, and so re-
manned with trifing variations throughout
the greater part of the day. This was due to
the elaborate preparations for the great Dem
ocratic demonstration this way, there being
a good deal more of politics than business
on all the exchanges to-day, and in tine
brokers offices as well. 1t is estimated that
10000 men from the stock, produce, petro-
leum, mining and other exchanges partici-
pated in the parade. Everybody in and
about the exchanges wore political badge
to-day, and the red buttons bearing {. & H.
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. SAG, 557 ,045; central branch
of the Union Pacific, s3,07G, $50; Sioux City
& Pacific, SO, 159, rs. The great fear seems
to be that the West Shore will extend its cut
to the freight business and compel general
trunk line war The strength Of the Lon
con markets is attributed toa telegram from
some one reporting the trunk line war set
tied.
Sonther said to-day: 81 do not attach
much importance to the imports of gold, as
they are very largely made for speculative
purposes"
1t is credited this morning that an agree
mept has been made that L2ckawanna should
be supported above 1913. Union Pacific above
SO and st. Paul Above %. Predictions are
7 freely made that Jersey Central will sell at
/ % this year. and insiders say Reading will
not pay anything on the Jersey Central lease
/ in December. a good many think that il
! the Baltimore & Ohio gets control Of Jersey
! Central the road win be operated solely in
1 that interest, and the stockholders win ge
nothing. Some of Vsnderbilt's brokers tall
very bearish on Lake Shore and New Yorl
Central, and predict so for the former anC
I 20 for the latter stock. The report is again
revived that parties other than Vanderbilt
are irving to get control of the Lake Shore
Charles Herd q Co. say: "a very deter
mined effort has been made to unload stocks
and we are only the more confirmed in GU
| bearish views"
Lawson said this forenoon that he is posi-
tive Lake Shore will issue additional bonds
to the extent of SIS, 0Oo, 900, and asserts thai
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 Contra
are represented to be wearied by the decreas
in its earnings. There is talk o
another bear combination agains
Western Union and Lackawanna an
Aston Is reported to have sold a,lot OF invest