The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-02-07
WALL STREET.
A General Gain in the Market-A Bull Com
bination Formed-Advices from Paris
Favorable.

A General Gain in the Market-A Bull Com
bination Formed-Advices from Paris
Favorable
NEW YORK, Feb. 6.-Wall street reports
state that it appears from an average of the
daily movement of about 40 stocks for the past
month that the market as whole as gained in
that time over per cent. The tone OF the
market has improved and the drift of feeling
among operators is towards confidence in high
er prices
It is certain that one of the most powerful
combinations ever formed in the street was
ready to bull stocks more than week ago. The
combination has waited the result of the settle
ment at Paris. Yesterdays cables we're very
satisfactory. One to a prominent banker said,
under date of Paris, "All danger from settle
ment passed. No failures of importance. Mon
ey much easier. Prospects good" Foreign
bankers generally consider the Paris furry
over, and money will be much easier in Lon
don this week.
1t is asserted by those who are in position to
know about the recent purchase of a half inter-
est in the Atlantic and Pacific Railroad that
the New York parties who are expected to
take two-thirds of the new issue of ZIG, 100000
bonds, have decided that some understanding
must first be reached in regard to the future
policy of the road and its extensions. The
parties who control the st. Louis and San
Francisco railroad have, it is said, notified the
Boston comany that it is desirable to have
any allotment of subscriptions is made. 1t is
thought the adjustment will be arrived at
without resort to the courts German houses
are purchasing Denver and Rio Grande. In
siders of the Denver party say that Mr.. Gould
contemplates another raid on the stock, but
they are confident that the stock will not be
unfavorably affected, nor the control wrested
from the present managers of the Denver COM
pany.
1t is understood that large block of Mexican
National bonds has just been purchased for
European account. 1t is reported that the
agreement for the pooling of California bush
ness has been signed. The business is to be
divided on the basis of go per cent of the
through traffic to the Union Pacific Line an 40
per cent of the traffic to the Southern Line
The latter proportion is to be divided between
the Missouri Pacific Texas Pacific and Atch-
ison, Topeka and Santa Fe lines.
It is understood that the last three roads
beaI portion of the Pacific Mail subsidy of
$95, 900 month. There was quite bullish
feeling an Pacific Mail up town last evening
There will be a special meeting of the direct
ors of the Louisville, New Albany and Chicago
road Thursday.
Surprise is expressed that Gould allowed
Ballou to openly cover shorts in Western
Union. Ballou & Co. are now said to be bull
ish on Western Union. There is a rumor that
Mutual Union has already or soon will go the
way of all its predecessors.
The st. Paul and Sioux City and the Mil
waukee and st. Paul companies are sending
agents abroad to guide emigration this season.
The latter company intends to make especially
this year of settling lands in Southern Mime
sofa.