The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-13
WALL STREET.
Saturdays Gossip in Financial Circles.

Saturdays Gossip in Financial Circles.
NEW YORK, March 11-Wall street reports
state that some large operators who bought
stocks on Thursday threw them over yesterday.
This began selling movement, which was
quickened by rumor that Keene had disa-
greed with his associates and had withdrawn
from the bull pool. Several cliques thought it
time to raid the coal stocks, and incidentally
circulated rumors of bank troubles, exag-
eerated reports of the strike at Omaha and
of damage by floods at New Orleans. The coal
stocks declined on rumors of a strike and re-
ports of the cutting of schedule rates. Lack
awanna officials say that there is perfect ac-
cord among the coal companies, and that
prices will be agreed upon and production reg
ulated.
1t was stated last evening that the bills in
the Jersey Legislature providing means for the
restoration of the control of the Jersey Central
property to the present Board of Directors
would bring large block of the Garrett Gowen
stock upon the market within few days. In-
sders in the Gowen party denied this report.
A rumor that the books of the Jersey Central
Company would be closed unexpectedly was
also circulated.
1t is understood that the Boston capitalists
who have been investigating the value of the
Toledo, Delphos and Burlington property will
report favorably next week.
The Mexican National Railroad has reached
the river Salado, 212 miles from Corpus
Christi
The earnings of the Milwaukee, Lake Shore
and Western Company for the first week in
March were $16,270.
1t is stated that French syndicate is ne 60
tiating for Houston and Texas Central bonds.
Good buying for foreign account continued
yesterday. London bought Erie, Reading and
Ohio and Mississippi.
1t is understood that Brown Bros. Will ship
$3.50, 900 to-day by the Germanic.
There has been considerable buying of
Denver on long account
1t is stated that the floating debt of the East
Tennessee, Virginia and Georgia Company has
been wiped out and the April interest on in
come bonds will be paid.
The report that the New York. Chicago and
st. Louis road has been sold is without founda-
tion
President Deyereaux Of the Cleveland, Col
umbus, Cincinnati and Indianapolis is said to
be in town for the purpose Of comforting
with Mr.. Vanderbilt concerning purchase OF
control OF Cincinnati. Hamilton and Dayton
stock.
The earnings Of the Richmond and Danville
Road FOR the quarter will be S475 600, leaving
surplus of $169,8S0.
The Pacific Mail Steamship Company have
lately expended over 100000 in repairs on its
steamships. The loss of the subsidy for sever
al months and extra expenditures resulted in
poorer statement than usual for the last quar-
ter, but the business warrants a very marked
improvement for the quarter to come. 1t is
said that an advantageous offer OF block OF
stock nearly sufficient to give control has late
been refused by party of capitalists.
A Denver despatch says the Denver Boulder
Valley Railroad Company has entered suit
against the Union Pacific Company to recover
$5000 900 damages claimed to be sustained by it
through the non-payment of 100000 in the
mortgage bonds Of the Boulder Valley Railroad.
In 1871 the Denver and Pacific Company
bought the Boulder Valley Road, agreeing to
pay these bonds and protect the coupons for the
gross earnings of the company. The mortgage
remains unpaid and for the last three years
the coupons have not been paid. The Denver
and Pacific has been consolidated with the I'm
ion Pacific, but it is operated under the old
charter Hence the suit against the Union Pa
cifc Company.
1t is stated thatseyeral members of the Mem
phis and Charleston pool refuse to sign the
agreement of consolidation.