The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-15
WALL STREET.
jay aouId's Coup d. Main-Ihe Coal Com
bination-Better Foreign Buying.

D1QdL1On-66bt6T I OiOi6a ANJ lag
New York, March H.--Wall street reports
state that MI. Gould's demonstration of solven-
CIV effectually mixed the street. Inc average
operator is very anxious to know why 1t was
done and what it conceals To all THESE inquir-
les Mr. Gould's friends make one reply, In Ell
ed charging Mr.. Gould with selling out his
stocks and with being in need OF money. He
thoupht the easiest way to set these rumorS at
rest was to show responsible parties tnat ne
held about $50000,000 OF certificates OF stock
on which the power of attorney had not been
signed, proving not only that he had the stock
but that it was clear from any liens for borrow
ed money. The exhibition controlled the mar
ket 1t was stated that loans OF MISSOURI Pacl-
fic had been!called and that bear failures would
be in order Mr.. Gould brokers SAID That mis-
souri, Pacific would be loaned Hat, but parties
were notified that if deliveries were not made
the stock would be bought in. 1t appeared lat
er that Mr.. Gould had given unlimited orders
to buy Missouri Pacific and western Union at
the closing prices of Saturday night. MIR. Van
derbilt was said to have given uniimitea orders
to buy Lake Shore at Saturday nights closing,
and the market indicated that the bottom Tor
those stocks had been reached
A meeting of bear operators was held last ev-
ening, at which it is said the prevailing senti-
ment was against further depresslons. one
bear clique is known to have bought long stock
A Broadway commission house, which has been
very bearish, said last evening that 1t was time
for bears to keep very near the snore
The Southwestern Railway pool has agreed
upon settlement of accounts covering most OF
last year and involving many millions. The
question of competitive business in Nebraska
and Northern Kansas has been referred to ar
btrators.
The shipments of grain, flour and provi-
sions for Chicago last week amounted to 30,56b
tons.
Stories of trouble in the coal combination are
absolute fabrications. Ahe companies have not
been for two wears in closer accord in regard to
restrictions. There is complete understanding
that they will continue on half time as long as
may be necessary. The quantity Of coal Ia first
| hands at tide water is about 100000 tons, com
| parativey small quantity. The mild winter
| has diminished consumption for domestic sizes
but for manufacturing, iron making ana Tor
| some other purposes the Consumption mas oeeh
| increased. 1t is estimated by the companies
| and by leading men in the trade tnat the out
put for 1882 will be about 2S,ooO,oOo tons, the
| same as last year.
The earnings of tho Peoria, Decatur and
| Evansville Company increased $3l26 the
fourth week in February, and $2o,75o for the
Mr. Vanderbilt is said to have given orders
| to buy all the Lake Shore offered at liz lie
said yesterday that he bought $50, 900 shares
| last week, and had taken the stock out OF the
market. The Vanderbilt party bought Lake
Shore, Northwest and NEW York Central yes
| tsrday.
The latest rumor in regard to Tennessee
bonds is that the new proposition will be Z
| per cent bond at 100 in place OF 3 per cent
| bond at 1856. It is claimed that majority
| of the stockholders of the Memphis and
| Charleston Road will refuse to sign the consol-
| idation agreement with the East Tennessee
| Company.
The Denver and Rio Grande Company has
issued 1923 ,O67 500 in oonds None have been is
sued since December 81, 1881.
London bought Erie Reading and Central
Pacific yesterday. Amsterdam bought Cleve,
land, Columbus, Chicago and Indianapolis and
large amounts of Missouri, Kansas and Texas
seconds. The Frankfort demand for bonds II
better than for several mouths, chiefly for Den
yer and Missouri Pacific frsts. There Is an inn
proved foreign demand for Atlantic and Paci
fic frsts since they have bean guaranteed oJ
the Southern Pacific.
The first installment of 10 per cent on thu
= 100000 subscription for the completion
th> Atlantic and Pacific Road has been paid.