The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-24
WALL STREET.

Gossip About Jersey Central, Denver
and Other Securities.
New YoBK, March 23.--Wall street reports
state that the covering by two large bears was
an important factor in the advance yesterday.
The drive at the low priced stocks was deter
mined, but it increased the short interest with
ont bringing out much long stock. The pegs in
Missouri Pacific, Western Union and Lake
Shore held fast, and assurances are given that
they will be placed higher to-day. An insder
said last evening that the market might not be
rampant to-day, but he thought Friday and
Saturday would be field days Tor the bulls:
The bears were very confident last evening of
further reaction. They predict shipments of
gold Saturday, talk gloomily of the effects OF
tho foods and predict trouble between the
trunk lines on account of the lack OF business
Offering.
tanned full control of Jersey Central. MIR.
Gould is believed to be in harmony with the
Gowen- Vanderbilt interest. 1t is reported that
Mr.. Gowen will make application to the Court
tomorrow to vacate the injunction against the
issue of Reading deferred bonds; The advance
in Denver was accompanied by two rumors.
Ono was that it had been decided to pay the
April dividend The Directors, however, have
taken no action relating to this dividend. The
other rumor was to the effect that arrange
ments were pending with the Union Pacific
Company, which would require ratification by
the stockholders, and which made holdings OF
the stock matterOf importance. German
houses bought Denver heavily.
There were large purchases OF western
Union yesterday, for the account OF an outside
pool.
Members of the Gould party begin to include
Wabash in their predictions of higher prices
There is said to be strong pool in the COM
mon stock.
It is stated that operators usually well in
formed have put out short lines in Lake Shore,
To- atrvTo Int nj
ing to average at figure which WILL in their
opinion, yield large profit month or two
hence.
rSsPdag arRsssf q IF the Supreme GoH T
st. Louis, Iron Moan4ai-- @sss...4hepn Rail-
road to compel an accounting of the earnings
and expenditures for the past two years. An
officer of the road states that no interest has
been paid on the income bonds for the past
two years, because the company spent 81, lOO,-
600 in 1880, and about the same amount in
1881, making necessary repairs and improve
ments.
The Hibernia mine was sold by the sheriff
at Leadville, yesterday, for $20730, TO @. j.
Rowell
The ST. Paul & Omaha road is bearing per
cent on the common stock There were large
purchases yesterday in expectation OF an ad-
vance.
very large block of stock. A long short line
was covered in the morning, but new lines
were put out In the afternoon.
Mr.. McGeough is reported as saying, yester-
day, that he would not sell April wheat below
1.36, and the longer the shorts waited the more
they would have to pay. Some settlements
we're made during the day at 1.36.
A prominent house telegraphed last evening
that the clique had been feeding the market all
day. Boston people were buying Lake Erie
and Western on a belief that the stock will go
TO 30 and the incomes to 70.
Insjders ara absorbing Oregon short line sub
scriptions, and expect sharp upward move
nent.
Bullish talk on Union Pacific is tempered by
a reported large order to sell at 115.