The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-03-22
WALL STREET.

Rumored Falling Out Between Gould and
Sage-Bull and Bear Views OF the Out
look-Railway Points.
NEW YORK, March 21.-The Times says
Gould and Sage have fallen out on the meth
DDS of running bull campaign.
Wall street reports state that bear houses
make much of the advance in exchange, of
the damage by floods, of impending labor
troubles and of manipulation in the bull inter-
est.
A Broadway commission house has informal
ton that American securities are again COM
ing from the other side, and that strong bear
party exists in London.
The bull leaders say that the market is we'll
in hand, that outside buying is increasing
daily and that the pivotal stocks will be ad-
vanced again today.
1t is stated on very good authority that Wes-
terry Union will be sustained at 80, Lake Shore
at 100 and Missouri Pacific at par. These
stocks are expected to go higher, but will not
be allowed to go lower after they have touched
said prices
Dealers in exchange say that the advance
was caused by demand for bankers bills by
shipments of securities from Europe and by
the scarcity of commercial bills Drawers of
exchange think that the advance does not war
rant scare, and is not likely to be maintain
ed.
London sold stocks at the opening, but
bought during the afternoon. Brown Bros.
and Won Hoffman were sellers Drexel, Nor
gan & Co. were credited with buying 10000
shares of New York Central and Lake Shore.
Purchasers of Erie, Ontario and Western st.
Louis and San Francisco stock for London
Wabash preferred, and Missouri, Kansas and
Texas bonds. A special London cable reported
the market Strong for Americans, with ex-
cellent buying"
1t is said that Mr.. vanderbil,'s next move
will be to buy % 900 shares of Lake Shore at
the market price.
There were large purchases of Michigan Cen
trail yesterday on orders said to come from
Bostol.
McGowen thinks Reading will go above 90
February shows receipts of 81 ,240,4 400.
The earnings of the Manhattan Company for
151 days ending March show an increase of
1887 ,764, or about 1926 day..
Peoria, Decatur and Evansville earnings in
creased 81 ,446 the first week in March.
Important developments affecting st. Paul
and Omaha will soon transpire, but outsiders
are very reticent as to details. There is
strong bull pool in the stock, assisted by large
out of town buying and an unusual amount of
room trading.
Officers of the Chicago, st. Louis and New
Orleans Company say that the damage to the
road-bed by the floods was not very serious.
The company's principal loss resulted from
weeks suspension of traffic. They estimate
two-thirds of the weeks business delayed, the
other one-third lost.
Mr.. Mills is quoted as saying that the Erie is
the next bull card. The short interest in the
stock is believed to be large.
Denver and Rio Grande, Western subscrip-
tions, were in sharp demand yesterday. The
pools in Denver gave out only sustaining
orders.
A prominent Wall street house was large
buyer of Missouri, Kansas and Texas.
Bull points are given on Pacific Mail. The
sharp rally in Northwest is said to have been
on an order to squeeze the short interest Bull
points on Central Pacific come from excellent
sources