The Portland daily press., 1882-03-18
WALL STREET.
Combinations for Advancing Prices-The
Chicago Grain Markets, &c.

Combinations for Advancing Prices-The
Chicago Grain Markets. &c.
New YORK, March II Wall street reports
state that at a conference of bear operators yes
terday 1t was urged that good many shorts
had covered, that considerable profits on the
long side were to be realized, and that the
cliques were discouraged by the lack of outside
backing. On the strength of this an attack
was made which resulted in showing that the
bulls mean, for the present, what they have
been saying. Mr.. Gould and Mr.. Vanderbilt
say that there is no change in the programme.
They intend to support their stocks and expect
to see them advance.
London dispatches yesterday said that Amer
ican securities were attracting unwonted atten-
ton and that London was ready to buy heavi-
ly here. Several pools are being formed here
in which London capitalists are interested
German houses were large buyers of stocks and
of bonds, and predict an increase in the de-
mand for stocks from Amsterdam before the
close of the week. Large offerings of security
bills were made yesterday
1t is reported that the large buying of Dem
yer and Rio Grande, which has been attributed
to Mr.. Gould, has been in the interest of the
Union Pacific Company, which company has,
it is said, through the efforts of its friends,
secured nearly or quite sufficient stock to con-
troll the Denver and Rio Grande election.
German houses were large buyers of Denver
for foreign and for home account. A good
deal of stock was bought on the very positive
recommendation of the Woerish offer party.
There are rumors of a new and very strong
pool in Western Union.
Wall street was large buyer Of corn at
Chicago yesterday. The street is said to be
long about 100000 bushels. Chicago parties
attempted to strengthen that market yester-
day by bidding up the New York market, but
met too much long corn. The Chicago pool
sold about 100000 bushels of May wheat at
the close. There are 100000 bushels of corn
crbbed at twenty-three points on the Chicago,
Burlington and Quincy road.
Erie seconds were in demand yesterday for
domestic and foreign investment account.
A bull movement is looked for soon in Wa
bash. Minneapolis and Manitoba is being
bought literally. 1t is stated that the Boston
bull pool in Toledo, Cincinnati and st. Louis
closed the million and half subscription
yesterday, and all interests have been harmon
ICED.
1t is stated that both Gould and Vanderbilt
have bought heavily of Jersey Central.
Bull pools are reported in Louisville and
Nashville, Missouri and Pacific, st. Joe pre-
ferred, Ontario and Western and several Other
stocks. 1t is asserted that st. Joe preferred
and Missouri Pacific are to go to par.
Thirty-six prominent members of the Chica'
go Board of Trade have united ia proposing q
rule to be voted on next week. that any Officer
or Director of the board who refuses to act Oh
a complaint brought before him of corner
shall be found guilty of malfeasance in office
and expelled from the board. This action il
considered necessary by the steady neglect o.
the rules prohibiting corners, like the present
one in April wheat.