St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-04
Spectators Hopeful for the Future of
Railway Shares and Predict a
Boom for January.
Prospects Better for Profits on Low
Priced Properties Than on ANY
others at Present.
The So-Called Seligman Securities
showing Remarkable Strength
and Good Indications.
The week i'm wall s,reet.

Special to the Globe.
NEW YORK, Jan. 3.-The Sun will say
Of Wall street tomorrow: The new year
opens in very promising way as far as
stock speculation is concerned. a year ago
everybody wished only to be able TO close
out his accounts and to run away by the
LIST OF January. This year everybody
seems as anxious to get front seat at
the speculative circus. The unmis-
taxable strength Of the market
the cheapness of money, and the
probable fresh influx of il from the ,Janu-
airy disbursements of interest and dividends
make the spectators firmly believe in the
advent OF big January boom. A few
days Will show whether it is really coming.
but the rank and hle are ready for the bat
Tie, and great captains like Newcomb.
White and WOersishotfer seem TO be ready
10 lead them at any moment. OF course,
they have in their rear the strong
Vanderbilt forces, under the command
OF Depew and Morgan, otherwise they
would probably think twice before making
move. But as things stand now they are
sure that the Vanderbilt stocks will be sus-
tanned and that the
LEAST SUCCESSFUL MOVE
on their part will bring them ample support
from Chicago, Philadelphia, Boston and
London. After the immense advance
when has lately taken place i'm the high
priced stocks 1t would be very foolish to
expect large profits from purchasing
any of these stocks. They NAV
have fair investment value, but certainly
not speculative value at the present fig
ures. The most promising speculative pur-
ehases seem TO be in low priced stocks,
among which New York, Susquehanna IL
Western, Indiana, Bloomington d Western
and q few others are the most promising.
locking Valley is also likely to
be good when some little in
ternal differences are settled, and
new deal is predicted in the New York City
q Northern stocks and bonds. The go
called Seligman securities were remarkably
strong last week, and all showed an ad-
vance. Attention was called to these bonds
and stocks here last summer when the sys-
tenn was about being completed to the Pa
ciiic coast. The 6 per eent. bonds Of
the st. Louis Il San Francisco are selling
at los, and the first preferred stock. pay
Ing for five years per cent, is selling at
80. This is from Is to % per cent. lower
than several other stocks paying the
SAME RATE OF DIVIDEND.
1t is stated by the managers of the con-
Germ that the statement for 1885 will show
ABOUT per cent. earned upon the
second preferred stock, which is now
selling at S46 a share. The corn crop
is now coming rapidly to the front and the
81. Louis q San Francisco, as well as the
Atlantic 81 Pacific, cannot help reaping the
benefit of this years immense yield of this
cereal. In regard to the grain mar
ket, there is hardly anything to say, except
| that the prices Of our cereals, cotton
and provisions must all go down. as far
as wheat is concerned, regular wheat
blockade is reported from Michigan, and
most OF the railroads west of Detroit and
Toledo seem to have no end of cars full
of wheat standing on the side tracks,
partly from the want of room in
the elevators, and partly because of the anx-.
iety of bull spectators to keep down the
figures Of the visible supply by not record
ing their holdings at any Of the receiving
centers.