The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-02-10
IN AND our or WALL STREET

desirable that dull and uIi.t disposition |
should prevail for another week or two. As |
rest is needed by the body. so 1t Is by the mar
ket II there Is to be n henlthful condition OF |
Affairs. short interest is rapidly forming; |
a number OF heavy bulls have realized their |
profits and will soon be ready to load up again; |
the outside public sends in daily moro orders |
for purchases since tho market has become |
loss excited and there is every indication that |
in another week or two livcliness will again be-
come the order OF the day.
Among the prominent bulls who are reported |
to have sold out the names Of W. II. Vanderbilt !
and his brother-in-law. George Osgood. arc
freely mentioned. 1t Is even said that a certain
Senator and ex-Sherir. who on their advice was
buying largo lots Of Lake Shore when they were
selling H. got badly hurt Perry ". Smith OF
Chicago fame IL also said to have rot out Of the
bull ranks with large profits; but this docs not
prove that he hns turned bear. At all events
he has been seen closely watching the tape over
his golden spectacles. and apparently picking
up all the ST. Paul common he was ablo to get
under 40.
Tho reason Of vnnderbilts sales OF Lake
Shore was explained 10 be desire 10 strengthen
his position on the Michigan Central. which
seems TO be open to IN attack on the part Of the
Canada roads and some other hostile parties
This may or may not be- correct. but. without
looking for such far-fotched explanations II Is
evident that Mr.. Vanderbilt. who never specu
lates." had an admirable opportunity to make
an honest dollar by selling his cheaply-bought
Lake Shore Mt "A or thercabout. and no took
advantage of IL.
The old Northwestern pool has been partially
broken up, and n fresh one seems about 10 DO
built on the old foundations. The parting Of
the members Of the old pool does not seem TO
have been particularly cheerful Ono Of tho
liberated members says he had received only
$4,000 for 800 shares which went up from 40
10 50. Tho profits according to his calculation
should have been about 800 000 nine-tenths OF
which seems to have melted away in commits
sions and interest
Concerning the new pool. n very eloquent
but not always very Ineligible financial writer
says:
There was some talk Of a hun combination hcing
formed IN The North rretrrrd sha,e.a sort Of
cal f , "qd pa S.gg1 n pssqayg n, S'' ssg oo
possible OF bing reduced To omuscneiy ny thr consent
r SgI sf hon Tfn S As
Tho legal and professionally speculative
circles" have been amply represented in Wall
street for the last two or three months. But
theatrical people have not yet made their ap-
penrancc. probably in consequence OF the dull
ness which has prevailed in their own trade.
Times seem however. 10 be much changed for
the better Boucicault il making money by tho
bushcl; so are Lester Wallack and his minister
Of finance. Theodore Moss Billy Deutsch says
he has already sold all his seats ut Booths for
the next week Of Mr.. and Mrs. Boucicaurs en-
gagement; while old Dun. with his Pinaforo"
at the Standard. Is coming twenty dollar pieces
| by tho thousand. Perhaps. with the exception
| Of BOucicaut. who prefers mining ventures. all
these enterprislng gentlemen are sure soon to
take a hack at Wall street fancics. Du1s iovial
and radiant face has been missing from Wall
/ street for some time past and all his friends are
anXiously awaiting the hour when. having seen
his "Plnafore safely in port. h. will be at leisure
to come down TO His Old ba,tlellrds. II he or
anybody else feels like going into Northwestern
shares they will probably find the new pool
| constituted substantially in the same way rs the
oil was. Frank Work and his followers ara by
No. means disposed to part with their holdings
below par for the preferred and IS for the com.
mon. Kennedy. also. will not abandon his OLD
favoritr. while u. Z. Morgan will retain tin,
management 81 the pool as long as he can max,
] thu handsome commission he has been making
u thcro Unless there are bad reports from tn,
new crops. all the members ot the pool will
ioyially sing Tor months 20 come
ncor, N'rfan
Charley osborn
Rssfs tir .fruu.
snrcwi w,-.'Ty
;. and d~atS'
And huns DUNN, DUNN
Tho other granger the St. Paul stands in q
somewhat different position. Tho crops hav.
INK been short. there is but little left in tho
farmers hands for trans portation during the
next three or four months; while the di1iculty
in which the directors ~ the road have involved
themselves with regard 10 the Western Union
| branch may easily compel them Ia defer the
dividend on tho preferred stock. with view to
buy the aforesaid branch road under fore
closure. The possibility OF such an occurrence
is not likely to be- conducive 10 the formation Of
a bull pool in this stock.
On the other hand n great deal Of gossip has
been going around the street concerning
meeting recently held by Messrs. j. H. Kcenc
jay Gould. Frank Work Morgan Sage and 'Os
born. 1t was said that the principal object o
the conference WAS TO start n bull campaign IL
conl stocks. These stocks have been either
neglected or systematically deprecated by Ia,
constitutional bears. Yet the result 81 last year,
business on the Jersey Central and Delaware
Lackawanna and Western appears to have
exceeded the anticipations OF the best friends o
these concerns. II is therefore argued tina
every improvement in tho industrial condition
OF tue country - npuul 10 bNu'Ul more luTEtl
the coal and railroad companies than the rail
roads pure and simple II must be borne il
mind that the coal concerns combine transpor
tation with production. A larger demand 70
coal. by putting up the price of the commodity
must necessarily throw n large extra amount o
receipts into the trcasuries 81 these companies
What conclusions the conference arrived at ha
not TRANSFERRED; but there are rumors that tn
directors Of the leading coal companies ais,
have held secret meetings with Mr.. Packer.
The most enterprsing and shrewd men o
Wall street have. for some weeks past beer
turning their attention TO grain and provis ions
They say that Just now there is more money II
these articles than in stocks, In tho month 0
January the highest price Of No spring whea
in Chicago was about % per cent lower THAI
the average prices Of that month for nine year
past. Pork and lard were about 40 per cent
lower than they had been in tho same period
The lack Of rain in California this winter prob
ably means that the wheat crop Of the Pacih
coast will be far below the average. Tho stoc
Of Russian wheat accumulated ut Odessa is re
ported as amounting 10 100000 bushels
which, owing to the quarantine regulations no,
established all over Europe, cannot be shippc