The Evening critic., 1884-04-21
GOSSIP FROM WALL STREET.
Facts ana Figures Presented TO "The
Critic's'' Renders To-day.

NEW YORK, April 81.
There was very little news afioat uptown
yesterday OF a bullish character, although
some OF tho professional traders said they
would not be surprised II there was O sharp
rally come time to-day on the large short
The windsor Hotel and Twenty.third street
bear party had conference ut Jerome Park
yesterday, ana they were talking bearlsh Us
ever, but generally admitted that they had
already bought In and covere up large lots OF
Erie, U. Pacific, 81. Paul and w. Union, many
OF which they took in on Friday.
Wocrshoffer said 1t was mainly duo to his
and Cnmmack's covering which sustained st.
Paul on Friday, but from other sources II was
learned that the directors OF the st. Paul Road
were also large buyers on the downward scale.
II wae rumorcd that a large loan had been
called upon Reading, but this was denied by
very bearish on Reading, which no expected
10 see sell us low ne ever this year; also Erie,
but he had covered up tho bulk OF his shorts
In tho latter. Still he didn't believe Erie would
pay Its Interest, nor would tho Wabash, and
they would never, either OF them, be again
recognized. II the Wabash was plastered
upon the Mo. Pacific, then no believed the
latter would be great short sale.
IT was reported that Boston people sold an
enormous amount OF u. Pacific on Satur-
day, probably 700 sharee, and n certain d.
rector OF the company threw overheard 0OO0
shares. II was stated that W. J. Hutchinson
also sold heavily.
up 10000 W. Union shorts on Saturday, and
after they finished buying in, the market was
so weak that they couldn't get the stock out
again. Notwithstanding tho weakness In the
latter General Eckert remarked to his friends
yesterday that It was positive fact that the
earnings OF this company were never larger
than now, and the increase In this district
was surprisingly heavy as compared with last
year.
Tho old traders nearly all agreed yesterday
that MIR. Gould was still In full control of the
market and tho Vanderbilt following were
about rs dissatisfied over tho situation as any
body else.
A louisville dispatch said the Mississippi 4
Ohio Railroad Co. has plunged the Southwest
ern lines into another war by reducing fares
to New Orleans TO so, and the l.. N. has made
the same rate and may decide to further re-
duco the fare to 80 this week.
A prominent director OF the Chicago h North
west Road, who Is also member OF the Execu-
hope for q settlement OF the troubles west OF
Chicago rested almost entirely upon a har-
monious agreement first between tho Chicago,
Burlington quincy and Union Pacific, and u
would be necessary for the latter TO yield
gracefully to the former, which is the stronger
and more powerful corporation. Tho same
show no increase this week, but the Omaha
was still gaining, last years business at this
time having been light, and there being some
increased mileage this year.
Mesers. Milbank, Wadeworth and Chamber
lain directors of the Milwaukee & ST. Paul,
are each talking very bullish upon this prop
crty, and declare they are buying the stock
all tho time. An executive meeting was held
at Milbank's residence last week, at which It
was agreed TO build no moro roads aud adopt
general policy OF retrenchment In every
direction this year, so as to get the greatest
possible net results from the business and
trnfllc. Mr.. Chamberlain stated that there was
still an enormous amount OF produce West to
come forward, ana no believed the earnings
this year would BIO $25,000,000. At present
the company was only 10000 behind last
year, md he believed st. Paul stock would al.
vance thlrty.nve points this year.
The Chicago Markets To-day.
CHICAGO, April 21.-The grain market
opened excited and higher on reports OF bad
weather and slightly better European markets.
Wheat opened ql6D1Ac. higher, and corn 1sd
lie. higher. Shortly after tho opening May
wheat declined 14c,, June 1c. and July &C.,
while corn reacted &c. Pork shows O decline
of 5d71ac. on Saturdays closing prices, while
lard opened &c. higher, but soon lost the ad-
vance. May wheat opened at $3.50. and Is
now sS1s. June opened at Ole. and is now 90c,
July opened at 02ilc. and is now ellie. Corn
opened at 54c. for May and is now 53Ac. May
pork, $16.75; May lard 1886.
CHICAGO, April 21.-Wheat closed 1A(d)2ic
under the opening prices. Corn, 29s lower;
pork, 10 lower and lard, cents lower. May
wheat closed at SB%, May cora 52fi, May oats
32l, Mey pork SIC, 90, May lard $3.50.