The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-04-13
WALL STREET.

Conflicting views-Railway and Other
Gossip.
NEW YuRK, April 12-Wall street reports
state that the movement Of the market ia be-
coming more natural. There was 40 promi-
nent buying or selling yesterday; shorts cover
ed quietly. There was some buying for out
side accounts. Washington. Philadelphia and
Boston bought moderately. London was
heavy buyer. 1t is admitted that there was
conference of operators at Mr. Gould's house
on Monday night. The most significant fact
in connection with this meeting is the position
taken by the friends off those present They
said yes erday "the market looked better; 1t
more people who thought stocks reasonably
cheap than there were who thought them un-
reasonably dear. The leaders were beginning
a bull market in the right way" etc..
Mr.. Keene covered great many shorts yes
terday and Monday. Some of Mr.. Gould's
friends have also covered. Leading room
traders are not heavily short. The best infor-
nation last evening was not very bullish. It
was to the effect that "prices would 60 of,
there was no hurry about buying. Some stocks
must 60 down." 1t is said that Mr.. Field, Mr..
Def, Mr. Newcomb and other good judges Of
the market have put in ordetr to buy at prices
somewhat below running figures. There will
be large shipments of securities abroad to-day.
Two of the large dealers in exchange expect
decline in rates before the close OF the
week.
The negotiations for placing a block of West
ern Union in Europe are still pending A short
interest was developed In Denver yesterday,
estimated at from 30, 900 to 70, 600 shares. The
stock was III sharp borrowing demand at to
per cent. The Woerishoffer party is known
to hold large amount of the stock. There is
a rumor that the company will declare
a per cent. dividend on the stock in July.
Mr.. Vanderbilt is quoted az saying that he
has lately bought good deal Of Lake Shore.
The road is said to be earning its dividend
Some investment buying of Lake Shore was
noticed yesterday,
The selling of Michigan Central yesterday
was insignificant. Boston parties are said to
manifest desire to control the road. A Chi
cago despatch yesterday said that winter wheat
on the line looked exceedingly we'll and the
company could scarcely fail of heavy earnings.
Northwest had no support and was readily off
cred down, but when stock was wanted there
was none to be had 1t is rumored that the
stock is to be depressed if the bears keep con-
troll of the market.
Crop reports last night were as follows:
Texas, wheat In full head Missouri, indica-
tions of early harvest; Kansas, small grains all
sown. Corn planting in progress, beginning to
need rain; Central Illinois, large increase in
acreage of oats; Nebraska, small grains sown.
Corn planting in progress.
There is fear in Government bond sircles
that the advancing price Of fours will tend
to contract the currency. There is profit
in circulation, with TOURS at any price below
100.
The Directors party in st. Paul has been
buying stock for three days.
The earnings of the Central Iowa Company
for March were $89,696, an increase of $685.
400.
The pool in Louisiana and Missouri stock has
bid up the price per cent.
1t is considered certain that no definite action
in regard to the adjustment of the Tennessee
debt will be taken before fall
Boston reports say that Ratland Railroad
stock selling at "a will touch $40 this spring,
as the Canadian interests will endeavor to
buy it.
Northern Pacific preferred is being we'll
dealt.
A great many applications have been re-
ceived for the listing of securities on the Chi
cago Stock Exchange.
Union Pacifiois steadily held, and Mr.. Dillon
considers it a solid investment.