The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-10
WALL STREET.

Notes of the Situation-Talk Of the Street.
New YORK, March 9.-Wall street reports
state that gentleman very near Mr. Gould
authorizes the statement that compact had
existed for ten days between Mr.. Gould, Mr..
Vanderbilt and Mr. Keen, under which they
have been securing a large line of stocks. Mr..
Keen had depressed the market, while the
others had bought. Late attacks had been so
successful that the coalition found itself in a
position to take decided stand on the bull side.
Nothing Of this sort was believed by operators
at the Windsor last evening. The general senti-
ment was bearish and demoralized. Many be-
lieved that there could not have been so much
smoke without some fire, and that failures
would be reported to-day. The free use of the
names OF banks and institutions induced La com
mittee of five bank Presidents to make critical
inquiries, but nothing of damaging character
was discovered. Rumors affecting the credit of
firms and prominent individuals were last ev-
ening pronounced utterly untrue.
- Europe has been a large buyer of stocks in
this market for three days. The fact appears
in the shape of bills of exchange against stock
bought Amsterdam was a large buyer of
Denver and Missouri, Kansas and Texas yes
terday.
The Vanderbilt party bought literally of New
York Central, Lake Shore and Northwest yes
terday 1t is stated that the earnings of the
New York Central Company are increasing, es-
pecially in local traffic.
Tennessee bonds declined on forced sales by
Southern operators, who are said to have been
very heavy losers on Southern railroad
stocks.
Jersey was raided. The other coal stocks de-
clined in sympathy with the market. Rumors
of impending strikes were circulated. and it
was alleged that the schedule rates were being
cut on coal for summer delivery
Mr.. Keen is said to have engineered the
break in Erie seconds, and to have put out a
large short line. Several small houses also
made large short sales, and officers of the road
were said to be sellers of the stock. Orders to
sell the bonds were said to have been placed in
London. A rumor was circulated last evening
that Mr.. Gould had attacked the bonds in
order to buy Erie stock, which he was said to
be certainly absorbing for the purpose of get
ting control
The decline in Ontario and Western stock
was accompanied by report that the company
had a large floating debt and had stopped
work. The facts are that the West Shore and
Buffalo the Ontario and Western Companies
have 100000 loaned in the street, and the
equivalent of 1900 men at work on their
lines.
A prominent operator is understood to have
given an order yesterday morning to sell 10000
shares of Missouri Pacific in small lots. A
bear pool is said to have been formed in the
stock.
There is no truth in the report that Drexel
Morgan & Co. Rave withdrawn from the syn
dictate organized to take Louisville and Nash
vile trust bonds Neither are there any forged
certificates of the stock.
An Atchison dispatch says that the Wabash
Road will be built to that place this year. A
private corporation will build the road and turn
It over to the Wabash.