St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-28
A SEE-SAW OF STOCKS.
Wall Street Starts the Week With De-
moralization and Ends It With
Big Boom.
The sharpers Who Engineered the Sat-
urday Movement Will Realize a
Handsome Profit To-day.
Increase in Earnings Of Northwestern
Roads Accounted For by the ABB
sence of Snow.
In and out Of Wall Street.
Special to the Globe.


| Special to the Globe.
NEW YORK, Dec. 27.-The Sun will say
Tomorrow: The working of the stock
market last week was a surprise to the old
est stagers. Prices looked stupidity demon
allied in the early part of the week and alb
surdly stiff and high on Saturday.
The gold export scare was the
motor in one case and the
subsequent collapse of this movement in
the other. Apart from that there was no
stock exchange business done on SATURDAY.
anywhere except in New York, and the
room traders had it, therefore, all their own
way. They boldly put up the quotations
for all the leading stocks, and have thus
prepared fine tra-la-la opening for
this morning, both in London and here.
The sharpers who engineered the Saturday
movement will have chance to sell before
noon to-day at a very handsome profit all
the stocks they bought the day before yes
terday. OF course, they say that the move
ment was perfectly natural one, being
based upon
SUSPENSION OF GOLD
shipments and the highly encouraging state
ments of earnings for several important
corporations. One OF these corporations is
the Oregon Railway & Navigation company,
which reports about SIT. 600 earned in the
third week of December; against $4,000
earned for the same week last year.
But last year everything was frozen
in and snow blockaded. while this
year everything is open. The same thing
applies to the Chicago & Northwestern re-
port of an increase of $50, 900 for the week.
Last year the road was heavily showed in
at this time and earned for the third week
of December about $421, 900; this year ii
had no snow at all and earned
SAT-, 200, showing gain Of halt
a days earnings great gain indeed and
one perfectly justifying an advance of
per cent. in the price of the stock, or an in
flation of over 81, $50, 900 in the total value
paign stock. May be this is all right. but
w. FL. Vanderbilt. who knew the
CONDITION OF THE NORTHWESTERN
well, sold out all his common stock. and
some of the long-headed directors of the
company are reported to be short of it. The
Lake Shore report was also made bull
card of. 1t is well known that the only
time of the year when Lake Shore makes
any money is after the close
of inland navigation. To make up a
good showing this year almost all the traffic
has been taken away from the Michigan
Central and Canada Southern, and earnings
equal to about 2 per cent. on the stock
have thus been figured out. Up went the
price of the stock from 81 to
S71a, and the Times predicted yes
terday, ION very high authority. that
Lake Shore is to sell at 95 next.
MONTH" This would be an advance OF
only II per cent. from last week, or an en-
hancement of SIS. 500, 600 in the value of the
$50. 900, 600 of the stock of the company.
There is no use talking, it is a wonderful
country, and Wall street is a wonderful
street. The long and short of the story is,
that until the Vanderbilt's have
REALIZED AT LEAST
on that portion of the estate which has to
be disposed of in cash, and until the stocks
left Internationally to the eight children
have found convenient resting
place, the market will naturally be
sustained upon the highest possible
level, and that seems to be at present
the most reliable point for some months to
come. They won't sell any stocks unless
they can do so at advancing prices. There
was a rumor last week that after having
executed the Texas Pacific stock and bond
holders, the Missouri Pacific was going to
treat the International & Great Northern
company in the same way. The Inter
national & Great Northern has become
part of the Missouri, Kansas & Texas COM
pany by the exchange of its stock for that
of the latter, which, in its turn, is practic-
ally parcel of the Missouri Pacific.