The Portland daily press., 1882-04-03
WALL STREET.
what WAS Said and Done saturday.

What was Said and Done Saturday.
New York, April 1.-Wsll street reports
state that the bulls have been good deal sur
prised by the strength OF the market. fartles
having inside information put out long anu
short stock early in the week, expecting quite
a decline, but the street took the Stock ana Tue
insiders had to hammer the market yesterday
to get it back. 1t was evident that the AFTER
noon attack was made for the purpose OF buy
ing. There was somebody to take all Tue s.ocH
offered and no uneasiness was felt. Mr. ooulo
is quoted as saying that he intends to mako the
market popular BY letting the public make
money. Mr.. Woerishoffer says that we snail
soon see higher prices. He thinks there has
not thus far been general buying OF stocks Tor
foreign account, but he expects rush OF puy-
ing orders soon.
The last loan yesterday was made at per
cent. Money was manipulated up to l-52, but
it remained there only about three minutes;
All the genuine bids for money were supplied
at from to per cenG. Time money Is Decom-
ing easy at per cent The bank statement Is
expected TO be unfAvorable on account OF the
movement of money attending the April set
Elements. There will probably be call OF
bonds on Wednesday or Thursday next. The
borrowing demand shows an increased short in
terest.
Friends of Western Union are very confident
that the July dividend will be increased to sew
en- per cent and that by January next the COM
pany be in position to pay eight per cent and
accumulate a surplus of 81, 100000 year. 1t
is said that Western Union will not be allowed
to GO much below 80, despite the assertion that
is to be put to IS.
The strength of Denver yesterday was said
to have been caused by large purchases for
the account of an Exchange place operator.
German houses were also buyers. Bull points
on the stock are said to come from Gould
sources.
The annual meeting OF the Denver and Rio
Grande Company will be held at Denver, Col,
on Monday. 1t is again alleged that the April
dividend will be paid.
The Chicago Stock Exchange, which opens
TODAY. expects to deal in the securities of roads
centering at Chicago, mainly those not listed on
the New York Stock Exchange. Changers are
likely to be the cards. The exchange is expect
ed to develope new speculative interest In
this market.
Assurances in connection with the quarterly
dividend of Lackawanna are understood to be
very favorable.
1t is stated on very good authority that Mr.
Vanderbilt expects to bring about closer rela-
tions between New York Central and Lake
Shore before he leaves for Europe. Bull points
are circulated on Omaha common, Ohio Cen
trail and Michigan Central It is said that
the Wabash stocks will begin an upward
movement next week. A strong movement in
St. Joe is on foot, The new steamers of the
Pacific Mail Company are expected to DO fin
ished July 1.
1t is probable that Commissioner Fink will
be rendered some Office in the Louisville aud
Nashville Company, but he does not think it
will be the Presidency.
The pools in Ontario and Western and the
Rochester and Pittsburg are understood to have
sold out. Mutual Union bonds are In demand
at IS. The stock and bonds are selling at fig
ures which enable original subscribers to got
back their money.
A combination has been formed to push an
adjustment of South Carolina non-fundable
bonds