The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-02-25

| " H RAnhhA OOSSlfs-I Nc w ora
in its article headed "Wall Street
Gossip" contains the folio wing refer
ence to the sale of the p, w. & B.:
the prospects of the success of the
Funding. scheme and the banks and
brokers to bear the market and scare
the President into vetoing the bill. 1t
is the opinion OF an old broker. He
says:-"I do not think this stringency
will last, for it is said that Secretary
Sherman is coming to New York to
take such steps as to him shall appear
proper to stop any such ridiculous in
depreciation of the effect of the Fund
ing bill as appears to be made by some
of the bank managers. The tone of
the MAJ ket is 'bul ish yet, though tie
opportunity afforded by the close
money market was not thrown away
to day by the large short interest.
which has been industriously tanning
the idea that the new three per cent.
loan can never be ficated, / should
not be surprised if genuine offer is
made to the Government to take the
entire loan-an offer in such a shane
and from such a quarter that there |
will be no doubt that those who make |
1T mean what they say and are prepar. |
ed to follow up their offer. When |
this is done it will stop the mouths of |
the alarlnists who are loading up now
on he decline we have had, and will |
soon change their tune and swing out
on the 'bul' SIDE"
Said another broker: "While there
vas such great kick over the tee-
graph combination, everybody looks
complacently at railroad consolidation
lie latest case being the taking in of
the Philadelphia, Wilmington and
Baltimore road by the friends of the
New Jersey Central and the Baltimore
and Ohio. This provides a through
route from New York to Washington
and prevents any misunderstanding.
The road will soon become New York
now, and it is said that
VIZ could VIII SIT III the direc tory
The decline of Nashville and Chatta.
looga did not hold very long after the
1theial denial by the Louisville and
Nashville directors OF any guarantee
d the securities of the former road.
ana the steady buying of the insiders
shows that there is some good cause
Tor the strength"
he Funding bill is the subject of
all talk TO day." said another broker
and the views of experienced men
are directly IN opposition on every
point. The bulls talk very confidently
and their assertion that the new bones
Will not only sell rapidly but command
premium within short time seems
20 be gaining ground. There is mach
ydlk OF forming syndicate to take a
good share of all of the bonds. The
bulls are ready to admit that the bill
s not perfect. The clause compel- .
hg the deposit ofthe per cents would
lot be so hazardous, but to cxpec.
BANKS To continue IN business until all
heir circulation could be caught M
rom the current of trade would he
imply absurd and would lead to no
md OF deferred accounts and endless
settlements. think that the excite
hent has been famed by the city bank
many of whom are liberal pa
.fons of Wall street and not unwilling
o take advantage of their situation to
lelter their stock speculation account. :
But most of the IS, 600, 900 put into
'ur 5ub-Treasury here for the taking
Up OF bonds comes from out-of- town
,anks. There is too S rong a backing
o the bull side of the market to al
." ne decline TO run very far, and
men the Government will come up to q
he rescue and secure proper inter- :
or its own measure. There 4
MI be rush of money into this mar \
ct at once under the present coudi-
ions and Demands