The Portland daily press., 1882-03-28
WALL STREET.
Higher Prices Predicted-Points Con
corning Various Stocks.

Higher Prices ,Predicted-Points Con-
corning Various Stocks.
New YORK, March 27-Wall street reports
state that the tone of the market is unmis-
takably better 1t is admitted that the great
operators mean something more than a turn.
They say that the "pegs" will not be removed
for weeks, and people begin to believe it.
There was some realizing Saturday afternoon,
but the indications are favorable for higher
market. There was more outside buying Sat-
urday than upon any previous day OF the week
The buying for foreign account was fair. A
house having branch on the other side closed
purchase Of nearly $40, 100000 of bonds. It
begin buying this week. Fears of active mon
ey are allayed by belief that any coDsidera-
BILE stringency will be met by anticipated pay
ments of bonds. Activity in fancy stocks is
likely to be feature this week.
1t is understood that the Western U Mon
Company has completed arrangements by
which it will control all the principal telegraph
lines in Canada.
There is growing feeling that Mr.. Wander
bilt has some plan for materially enhancing
the value of Lake Shore. Points were given
Yesterday to sell New Pork Central and buy
Lake Shore.
II is stated that the st. Paul and Omaha
company earned last year, exclusive OF the
proceeds from the sale of land, 100000 in ex-
cess of fixed charges and dividend on the pre-
ferr ID stock.
IL is intimated that there will soon be d sur
prise for the shorts in Jersey Central. A COM
promise Board of Directors is probable, with
results affecting Jersey Central, Reading, Wa
bash, Baltimore and Ohio and other inter-
ests
The bull pools in Texas Pacific and Missouri
Kansas and Texas are said to have withdrawn
buying orders to check further advance. Col
orado coal was bought Saturday on Philadel-
phia orders for investment. Lackawanna.s next
dividend will be 2 per cent A new pool is be-
ing formed in st. Joe, aud is said to be compos-
ed of some of the heaviest operators in the
country.
Insiders have formed a strong bull pool in
Milwaukee, Lake Shore and Western stock.
Nearly all the floating stock has been absorb
ed by the pool. The fever in Denver contip-
ues very bullish. All the stock offered was
taken on Saturday. Mr.. Field is quoted as
saying that Denver will sell at so soon. A
movement of Importance is understood to be
on foot.
Four of the largest grain houses in the
street handled, in the aggregate, fewer than
10000 bushels Of wheat at Chicago. The
wheat market is said to be less than at any
time since the deal in April wheat began. The
pool in the New York wheat market is believ-
cd to be selling out.
The pool in Ontario and Western is very con-
fdent. Large buying orders from foreign and
local capitalists were executed Saturday.
Mr.. Tilden is said to have been large buy
or. There are rumors of changes in the man
agement of the Louisville and Nashville road.
A prominent London banking house is said to
be acquiring large interest in the stock.
There are large purchases of Union Pacific for
investment account Some exchanging North
west common for st. Paul preferred is In pro-
greSS.