The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-31
WALL STREET.

The Bull Leaders Satisfied with the 5ituar
tion-Gossip Of the Street.
NEW YoKL, March 30.-Wall street reports
state that yesterdays market demonstrated Q
growth in public confidence. The public for
the first time of late dared to buy on reaction.
Gould and Vanderbilt consider themselves
pledged to a bull market. Mr.. Gould said last
evening that reaction had been desired and
that the market was all the better for having
had it. The bull leaders said that the short in
terest had been increased, stop orders reached
and weak held stock shaken out. Even bear
houses thought last evening that prices would
be higher to-day. A Broad street house creat-
ed some uneasiness by its sales OF stock and
advice to customers. Room traders did most
of the general selling, although bear opera
tor put out large short lines in New York
Central, Denver and Louisville and Nashville.
stood to have formed a combination to bull st.
Paul, Denver, Louisville and Nashville and
Lackawanna. Good buying from Philadelphia,
Washington and Boston was feature in the
afternoon. The ease of money yesterday
lessened the fear of stringency before the first
of April.
1t was said last evening that the Secretary of
the Treasury would authorize prepayment Of
bonds The foreign demand for bonds was very
heavy. A better borrowing Demand for stocks
was observed.
1t is stated that the Mutual Union Company
u
Union. II is probable that pooling arrange
ments will be made which will give the Nut
ual Union Company funds sufficient to pay
interest on its bonds. The remainder of its
earnings bid fair to go into the Western Union
treasury.
Louisville and Nashville advanced at the
close on scramble to cover shorts. The for
eign buving of the stock continues.
Mr. Vanderbilt is quoted as saying that he
will hold Lake Shore at 120, ex-dividend.
The stockholders of the Richmond and Dan
vile Terminal Company will meet at Rich
moud to-day for the the purpose of authorizing
an increase of the capital stock to $l5 ,O00, GOO
The street thinks no great advance will be made
in ST. Paul until the time for converting bonds
into stock has expired. Mr.. McKean ia said to
have made arrangements with Mr.. Mexican OF
London to buy all the floating stock, about 1000
or 5000 shares of the Houston and Texas Gem
trail Road.
Twenty miles of the Texas and Colorado
Road will be turned over to the company April
/. Banks are buying heavily OF Government
and IL per cents. Louisiana and Missouri
River securities have advanced on the revival
of the rumor that the Chicago and Alton 90.
would absorb the road,
The Directors of the Alton and Terre Haute
Company have postponed the dividend on the
preferred stock until next week.
1t ia probable that sharp advances will come
in the following securities, which have not re-
covered from their depression: Erie and West
ern stock and incomes, Richmond and ALE.
gheny, Ohio Central, Ohio Southern, St. Paul
and Duluth common, Milwaukee Northern,
Canada Southern, Pacific Mail and Memphis
and Charleston.
New York, Chicago and st. Louis stock is &C
tive.
The President of the Columbia and Green
Vile Road writes that crops and general bust
ness along the line never looked better.
It is rumored that the short interest in Dem
YER will be squeezed to-day.
Bull points on Wabash are very abundant