The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-30
WALL STREET.
The Bulls Claim to have Complete Con
troll OF the Market.

The Bulls Claim to have Complete Con-
troll OF the Market.
NEW YORK, March 29-Wall street reports
state that the market has apparently taken a
new departure. The bull leaders are satisfied
of their ability to control prices. They now
wish to have the market move more naturally,
and to make trading popular. The revised
policy is understood to be to allow prices to
huctuate freely within safe limits Certain
stocks will be supported whenever necessary.
There was rush of buying orders from Lon
don, Amsterdam, and from interior cities Of
this country yesterday Large realizing start
ed decline, which was helped by heavy short
selling and by an unusual assortment of beal
rumors. A prominent hank was said to be
calling loans. Mr.. Sage was quoted as charg.
ing Mr.. Gould with having sold stocks, and
Mr.. Gould was said to intend to use Mutual
Union against Western Union. These and
other stories were denied.
The bears last evening made much OF the
Pennsylvania Railroad statement, the decrease
in tonnage at Chicago, the condition of the coal
trade, labor troubles and the prospects for tight
money.
Firms closely connected with the bull lead
ers advised customers last evening that the
market was fully in hand, and that stocks
were a purchase whenever they declined.
Western Union, Denver and Missouri. Kansas
and Texas were named as the best purch-
ases MIR. Gould intends to make Western
Union active and popular. The stock will
be sustained whenever support is needed and
will have an advancing tendency, but is NOT
likely to continue the undertaking advance Of
the past two weeks. Mr.. Gould is credited
with selling Western Union above 90, and he
certainly bought below 81. Boston traders are
short of the stock below 81, which indicates
that an advance will take place to-day
About 200 shares will be shipped for London
to-day.
1t is alleged that the control of Mutual
Union is in the form of an option OF which
Mr.. Gould can take advantage at any time
very low figure. All doubt in regard to the
control of Mutual Union will be set at rest By
official action within a few days.
The late decline in Hannibal and st. Joseph
preferred resulted from the sale of about 5000
shares for account OF the estate of the late
Chas. Chaplin. Insiders did not give support
and weak held stock was shaken out. Affairs
are understood to be in such shape that the
stock will speedily return to par. The pros.
poets for the common stock are understood tc
be improving.
Insiders bought Union Pacific yesterday. II
it said that arrangements have been completed
for squeezing the short interest. Mr.. Dillon
talks in terms more glowing than usual OF the
future of the property.
London and Amsterdam are buying Ontario
and Western.
London shorts in Louisville and Nashville
covered yesterday. A large Diock, IN ten snare
lots, will be shipped to Europe to-day.
Heavy investment buying of Lackawanna
has removed the greater portion of the floating
stock from the street.
Negotiations for the lease of the Boston and
New York Air Line to the New York, New
Haven and Hartford Company have been re.
newed.
insiders are said to be buying Oregon Short
Line subscriptions as they advance.
The Gould-Field party is said to be picking
up all the available Manhattan Elevated.
Insiders are bullish on Ohio Central.