Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1881-02-26

reys and Samuel Sloan Gould's departure
at this time excites great deal of comment,
and there is feverish desire on the part OF
all to know his position regarding the market.
During the earlier part of the evening at the
| Windsor Hotel what sales were made were at
| prices slightly in advance of the closing
| prices in the stock board, but the transac-
tions were notably light. Everybody seemed
afraid to invest, although some talk wisely of
the probabilities of frmer stock market
and easier money market tomorrow.
At 1890 o'clock there were small sales of
Lackawanna shares at 121, Erie 453, Western
Union los, and Union Pacific ITO. At the
close of business to-day in Wall street Lake
Shore sold at 120, Erie 44s, Western Union
104a, and Union Pacific 1914. The bear re-
ports at IL O'Clock tonight were as follows
Henry Smith, of Black Friday fame, a former
partner of Jay Gould and who was reported
at that time to have locked up two three
millions of cash, said that Keene had covered
mp his shorts to-day, and that at present
short interest on the street did not exceed
100, 900 shares and there was nothing to stop
the market from going down from 10
to 80 points. ADDISON, Cammack, Osborne
and Wurmser are reported strong bears and
to have sold largely short of the market to-
day. Reports from the bull leaders were
that after the close of the market Drexel,
Morgan & Co. had deposited So, 500, 600 in
bonds in the sub-Treasury for which they
would draw cash tomorrow, and that one
million dollars in bonds were redeemed
of business to-day. This amount, it
was argued, would be put on the
street in the morning and would relieve
the stringency of the market, enabling bro
kers to carry their stocks over until Monday
by which time it was expected Congress
would see the necessity of amending the OBJ
jectionable features of the funding bill In
aT1v af ha ho Of
stocks in the sales at the Windsor were from
l to points in advance of the closing in
Wall street. Russell Sage said he bought
largely of stocks of various kinds to-
day and was of the opinion that the
market would experience an advance to-
morrow. 1t was stated that private advices
from Washington gave assurances that the
President would veto the funding bill.
Frank Work, of Work, Strong d Co., said he
thought the market would be somewhat bet
ter tomorrow, but did not look for any very
sharp rise Immediately, although the tenden-
cy would probably be to recuperate. The
above are scraps of gossip afoat among the
brokers up to midnight.
A notable feature of to-day's transactions
is the large purchases of stocks by j. W. Sc
hgman and other leading German houses for
foreign accounts. It is said that for Lon
were purchased. great many persons
who are ordinarily heavy buyers on a fall
ing market professed their willingness to
purchase to day and would have endeavored
to stay the decline and head off the panic
had it been possible for them to get mon
ey, but money could not be had except at
ruinous rates. 1t is reported this evening
that there have been heavy shipments of
money from Montreal and Toronto; and
that the relief from there will be enough
to have beneficial effect. Another rumor
was that w. Fl. Vanderbilt bought
to-day fifteen shares of Union Pacific.
American Arms for Turkey and Greece.
New YORK, Feb. 25.-The Winchester
Arms company have been running night and
day for some weeks past in the manufacture
of arms for Turkey. 1t is also known that
the Greeks have been putting large orders
for arms and ammunition with the American
manufacturers. Report says the contract calls
for thirty thousand rifles and three million
cartridges, and it is noticed at the custom
house that the Glasgow and Liverpool steam
ers are taking out large shipments, and that
shipments are on through bills of lading di-
rect To the Greek shining ports