The Portland daily press., 1882-02-25
WALL STREET.
Speculation on the acknowledgements
of the Leading Operators-The South
western Roads, &c.

Speculation on the acknowledgements
of the Leading Operators-The South
western Roads, &c.
New YORK, Feb 24.-Wall street reports
state that either the market is great purchase
or there is serions trouble ahead. 1t looked
last night as though capitalists and conServa-
tive buyers were swinging to the opinion that
stocks were purchase. 1t is not TO De ex-
pected that the terrific liquidation of the past
week will cease in day. Some stocks will
undoubtedly sell lower, and further attacks
NAV be expected but the bubbles are pretty
well out of the market. Two or three remain,
but there are indications that the strong oper-
ators, who have been laying foundations Tor
bull movement, do not care to see the poncy
of depression cerried further.
A very large amount of long stock was forced
upon the market yesterday. Stop orders and
light margins kept brokers busy. The country
sold great deal of short stock. Leading bear
operators were disposed to buy rather than to
sell after IL o'clock. The Windsor Hotel
bear party is credited with covering large
amount of short stock. and is even said to have
been long of some stock at the close. MI.
Gould is believed to have rallied the market
after o'clock. Mr.. Sage was also large
buyer. Friends Of Mr.. Gould say that he
thinks yesterday was the lowest day. that the
market will be feverish, but will gradually
improve,
The reduction in the rate of discount by the
Il
the rapid growth of confidence abroad leads
some of the foreign bankers to look for re-
neWed demand from the other side for Amer
lean securities. The advance in the rate OF
money to 1-8 is believed to have been caused
mainly by the shifting of loans Leading
banks have been scrutinizing for several days
and have fortified themselves to the utmost. 1t
is undoubtedly within the power OF any strong
combination to make money cost IA day, but
if the feeling continues that the downward
movement has gone far enough for the present
this power is not likely to be exercised.
Lake Shore, New York Central and North
west were supported yesterday apparently by
the Vanderbilt party. Mr.. Vanderbilt IS SAID
to have manifested unwanted interest IN the
market yesterday and to have given large con-
ditional orders to buy.
Mr.. Gould apparently rallied Western
Union. The stock was sold down by bears,
but it had better tone than almost any other
stock. There were plenty OF orders to BUY,
aside from those supposed to come from Mr..
Gould.
Insiders bought Union Pacific yesterday. j.
There was no quarrel at the Louisville and
Nashville directors meeting Tuesday. FRIENDS
of the Louisville and Nashville management
are confident the stock had struck bottom.
Various rumors are afioat concerning me
causes of the decline of Louisville and Nash
Vile and other Southwestern securities, Whlch
are not traceable to any good authority.
Private advices, however, state that the &C
ton of Kentucky and some other States IN I'M
dertaking to regulate the frelghts and 1ares Is
at the bottom of it. The Kentucky Railroad
Commission has put forward bill much
worse than any of the Northwest States known
as granger States. The hostile legislation Will,
it is thought, be withdrawn as soon as its i'll
effects are apparent, as was the case IN WIS
consin, Illinois and Iowa.
Parties in a nosition to know think that a
treaty of peace has been declared between
Louisville and Nashville and Gouldsand Hunt
ington. Keene brokers are credited with De-
ing sellers of Missouri Pacific.
The earnings of Denver and Rio Grande for
the third week in February were S101 ,2l6 an
increase of $50 600 900 over the same week last
year. aoo 900 :
double eagles have been packed for shipment
by to-morrow's steamer
A Chicago dispatch says the Chicago roads
Yesterday adopted resolution that the lines
leading east from there shall withdraw all or
ders for east-bound tickets from the territory
lines west, southwest and northwest OF Cnlca,
go, and refused to honor orders for east-pouno
tickets from Eastern agents. The object Is 70
confine ticKeting bound business to agents
at points where the business originates. Inc
managers of the Southwestern Railway Assocl-
alton yesterday still disagreed on an allotment
of percentage of the traffic to lines in the Cnl-
cago division. The sticking point was on the
demand of the Hannibal and st. Joseph road
for percent business. 1t has heretofore re-
ceived 81 per cent.
The illinois Central, Wabash and other
roads are refusing freight for southern points
from Cairo down on account OF submerged
tracks.
The break in Richmond and Danville yester-
day was caused by the unwillingness OF com
mission houses to carry the stock on Margin
and at the moment it was offered down tnere
was no one to buy Some of the brokers VINO
make speciality of outside stock are under
stood to have considerably hurt by the tumble.
The Newburg, Duchess and CONNECTICUT
Company shows gross earnings for 1881 OF
Sill, 900 and net earnings of so. 600.
st. Paul was sustained yesterday by orders
to buy at every eighth decline.