The Portland daily press., 1882-03-01
WALL STREET.
An Upward Market Railway
and Other Gossip.

An Upward Market Expected-Railway
and Other Gossip.
New YORK, Feb. 2S.-Wall street reports
state that the feeling is strong that the tide has
turned toward bull market. The commission
houses received great many inquiries yester-
day as to whether or not it was time to buy.
Foreign houses report an unusual number OF
inquiries from abroad on this point. 1t was
thought last evening that realizing had about
kept pace with covering, except in Lake Shore.
A Broadway com mmission house, which has been
very bearish, turned yesterday and covered a
large line of stock. London sold some New
York Central yesterday, but bought Erie.
Amsterdam bought quite line of Denver.
The most important feature of the market is
the fact that up to Saturday night Mr.. Wander
bilt had bought 10000 shares of Lake Shore.
He had orders to buy more in the market yes
terday, This stock will be paid for, but it is
stated that Mr.. Vanderbilt does not propose to
withdraw it from the market immediately 1t
is reported on good authority that Mr.. Wander
bilt will take care of his stocks, and that Mr..
Gould will protect his specialities for at least
considerable time.
Lake shore loaned yesterday at 1872. Deliv-
cries were rather better than they were Satur-
day Rumors were current last evening OF a
bull pool In New York Central and in Michi-
gan Central. Louisville and Nashville loaned
at 1-32 yesterday. 1t is understood that nego-
tiations are pending with prominent bank
ing house for the sale of a block of the COM
panys bonds. Some of the German houses
are buying Louisville and Nashville at every
decline.
Nothing was done at the Columbus, Chicago
and Indiana Central meeting but to adjourn
until March IL.
Richmond houses are hullish on Richmond
and Allegheny.
The Eastern Trunk Line Executive Commit
tee considered yesterday basis for pooling the
passenger business. The Joint Executive Com
roitto will or WadpasdAV
1t is reported that the difficulties between the
Memphis and Charlestown and the East Ten
nessee, Virginia and Georgia Companies have
been settled.
Mr. Vanderbilt and himself had obtained con-
troll of the Atlantic and Great Western Road.
He said they had been invited to act as trus-
tees for English bondholders and might accept
the position.
Chicago advices last evening said that the
corner in April wheat would he carried
through.
A st. Paul dispatch says Ticket Pool Com
missioner Dixon of Chicago said to-day that
notwithstanding the impression 10th contrary
the bottom of the ticket reform lnaugurated Dy
him had not fellen out, and that the matter
would be discussed at the meeting OF the Ma
tional Ticket Association in New York on the
21st of March next.
The statement emanating from New Orlea ms,
which has been widely circulated in the press,
that the 'Falmer-OulllVdu w. noo ouoponuo.
all their works," is denied by Mr.. Palmer and
the officers of the Mexican National Construc-
tion Co. here. The statement that the Treas
urer cannot 'saccount for the disbursement OF
$4,000, 900 for which there are no vouchers" is
also declared to be FALSE and it is claimed that
the Mexican National Construction Co. is
ahead of time under the conditions OF It's con-
cessions. has just raised over $2,000,000 addi-
tional capital for construction, and has 800
miles of track laid in Mexico and Texas; and IS
pushing its work both from Laredo and the
City Mexico vigorously.