The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-04-11
WALL STREET.

Disguised Operators-A Higher Market
Predicted-Crop Prospects, Etc.
New YORK, April TO- Wall street reports
state that operators yesterday were Disguised.
They believed that the market had been man
ipulated down by the same people who had
manipulated it up. 1t was thought In some
quarters that the cause of the downward move
meat was quarrel between Mr. Gould and
Mr.. Vanderbilt, but this was denied from the
best sources An insider said last evening
that the decline was permitted to allow Broad
street commission house to secure stocks. He
thought the upward turn would be sudden and
the advance important. There was confer
ence of operators at the Windsor, yesterday.
Interests apparently the most diverse were
represented, and limitations were given OF
broker, who is understood to have sold for the
bulls during the advance, has been AN indus
trious buyer for several days. Some of the
shrewdest room traders covered Saturday, and
conservative operators think that while the
market today may be lower, decided rally
may be expected on Tuesday. The market
has certainly reached point where 1t is dam
gerous to sell short The public, which has
been buying on reactions, cancelled Saturday
morning orders to purchase and give stop Or
ing the raid in the afternoon. The raid was
generally attributed to Mr.. Gould, although
brokers usually employed by the twenty third
street party were the most active sellers. 1t
was noticeble that the smaller brokers contlnu-
ally reappeared with fresh batches of stock for
sale.
The shipment of securities last week were
larger than they'have been during any previous
week for months London bought stocks free
ly Saturday morning. Bond dealers report
good demand for first class securities. The
borrowing demand denotes an increasing short
interest.
Mr.. Gould is said to have lately increased
his investment holdings of Western Union
10000 shares.
large amounts as an investment
Insiders continue to take all the Milwaukee Q,
Lake Shore and Western offered.
Vanderbilt brokers were very bearish on
Lake Shore yesterday, confidently predicting
There is said to be pool of $4,000 sharee in
Denver. German houses were buyers again
Saturday. The company has passed its dnll
season and expects very heavy earnings for the
remainder Of the year.
The Granger companies say that tho mer-
chandise traffic this spring is enormous and
fully compensates for the lack OF cereals
There is some expectation that the securities
of the New York, Chicago and st. Louis Com
pany will be listed this week, although the fact
that the road is not quite completed may cause
dely.
The weakness in Government fves is due to
the fact that at the present rate of calling six
es the Secretary will, in four months have
will then begin to call fves. A prominent
dealer in Government bonds says that fonrs
will advance to 125. There is an enormous de-
mand for tours from banks
Crop prospects continue exceedingly fayora-
BILE. Dispatches state that the acreage of oats in
Nebraska would be double that of 1881. Winter
wheat in Kansas is ''Stooling' thick, with even
growth. The blades are eighteen inches long.
Thousands of acres of corn will be planted this
week. In Illinois oats are nearly all sown and
the ground is powed for corn. The acreage OF
corn in Missouri will show large increase.
The average price of corn at 102 points in the
corn belt is rs cents.
1t is said that Mutual Union stock will show
a handsome profit within few weeks.
1t is stated that the earnings of New York
Central for the first quarter in 1882 we're con-
sderably in excess of the earnings for the COR
responding quarter in 1881.
here was an evident disposition on Satar-
day to absorb st. Paul and Northwest stocks.
A pool of 100000 shares of Lackawanna is
said to have been formed.