The Portland daily press., 1882-02-02

Shipments-The Coal Trade-The North
western Combination
New YORK, Feb. 1.-Wall street reports
state that the Gould party assert that Mr..
Gould is a pronounced bull on the market, and
it was generally admitted that the support CIV
en- the market yesterday and day before proved
conclusively that the great operators were in
terested in sustaining prices. The Windsor
Hotel bear party admit having covered a good
many shorts, and some of the commission
houses reported an almost entire elimination of
the short interest in their Offices.
1t was reported on very good authority yes
terday afternoon that Mr.. Vanderbilt had been
a large buyer in London during the morning of
his specialties. The advance in American
securities at London was said to have been the
result of this buying.
Advices from London and Paris are consider
ed more favorable. Paris is said to be liquidat-
ing while other houses are buying. Some
houses here which have been credited with an
intention to ship gold, state that they shall
make no shipments at present 1t is believed
that the shipments to-day will not exceed $2,-
100000, as the Germanic, which sails Saturday,
will reach Liverpool almost as soon as the
Bothnia, which sails to-day.
A leading bank president said last evening
that the country could readily afford to loss
$50000,000 in gold The city could afford to
lose S5,000,000 If more than that amount was
to be shipped, it would be important to have
the money rate sharp per cent. in order to
draw in gold from the country. He thought
moderate shipments of gold would increase
confidence i'll American securities abroad and
would facilitate exports of cotton and wheat.
One firm has lately sold $10,500,000 of Ameri-
can railroad bonds in London, and has COM
pleted negotiations for the sale of several mil
lions more. This transaction will offset several
moderate shipments of gold
Chicago and Alton is again in sharp de-
mand.
The directors of Jersey Central are under
stood to have formally voted to join Receiver
Lathrop in an application for the termination
of the Receivership. The Baltimore and Ohio
and Reading managers will undoubtedly name
the new directors of Jersey Central.
The coal companies work full time this
week, but only half time for three weeks to
come. ~
Private advices yesterday reported strong
feeling at Washington in favor of restoring
lapsed land grants TO the public domain.
A German house yesterday bought $400, ,000
of Government fours, and one of the city
banks was heavy bu yer of fives. The selling
was mainly for out of town accounts, while the
buying was largely by New York investors.
A Chicago dispatch says there is no compro-
mise as yet between the parties concerned in
the st. Paul, Omaha and Chicago Railway in.
terests and the officers and stockholders of the
Chicago, Portage and Superior Railway in ref
ereDce to the delivery of the latter's property
to the recent purchasers of million dollars oi
stock. President Schofield of the Chicago
Portage and Superior Co., who, with Other
officers of the corporation, has been here since
Saturday in conference with Mr.. Cobb of the
trolling stock, left for New York to consult
with Eastern bond and stockholders. Pend
ing his return negotiations ara held in abey'
ance.