The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-04
Progrnmme of the BnIls.

New YORK, January 2.-The Express
says the new year has fairly opened
in Wall street, and even thus early In
its infancy there are indications OF an
approaching speculative excitement on
stock, which promises to equal anything
in the history of the past. The great
railway kings are marshalling their
forces and organizing for the contest, or,
in other words, the bulls, elated by re-
cent successes, are about to make fur
ther onward movement. The bear party
was demoralized and disorganiZed by
the sharp rise in the New York Cen
trail to l65, and do not, certainly, pre-
sent very bold front to the advancing
columns of the bulls. The combinations
are organized and ready to move on with
the programme laid out. The Wander
with the New York Central, Harlem,
Hudson River and Toledo d Wabash.
The restoration of amicable relations
between Vanderbilt and Jay Gould, or
at least the end of the Erie and Central
contest in the courts, which is already
mooted, means the Equalization of the
scrip dividend by the Legislature, and
this in turn means higher prices for Gen.
trail. The negotiations and alliances of
Vanderbilt with the western roads in
December brought the Toledo and Wa
bash into very friendly relations with
the New York Central, and it is said
that the Commodore and his friends
already have firm hold on considera
BILE portion of the stock. A large
amount of money has been spent in
equipping this road for several years,
and it is rumored that the Vanderbilt
principle of scrip or stock dividends
will be applied to the Toledo and
Wabash.
The Erie party are also on the bull
track, and have Erie, Rock Island, and
Ohio and Mississippi as their special
favorites. The lease of the Columbus,
Chicago and Indiana Central Railroads
gives the Erie and Chicago connection,
(and Jay Gould is now after the Rock
Island) by free purchases of stock, to
control the next election. In this he is
opposed by the present managers, who
seem DESTROYS to retain their possession
of the road. While the Northwestern
party is averse to the Rock Island pass
ing into the hands of the Erie, Jay
Gould is alive to the Importance of a
connection with the Union Pacific, and
this is the secret Of the contest for the
Rock Island. The Ohio and Mississippi
now prorates with the Erie and is work
ing in harmony whit. This forms the
h basis for the rise in this stock.
The Northwestern forms an important
part of Wall street, and are backing
their Northweste, common and pre-
ferred shares on the large earnings OF
the Company. The Michigan Southern
is also under the control of this party
and under manipulation for rise. The
Pacific Mail combination, which is I'M
dsrstood to comprise some of the Di-
rectors, is also working for a rise, on the
theory Off liberal dividend in February.
Thus it will be seen that the three
great railway kings and financial chiefs
of Wall street, Vanderbilt, Gould and
Keys, are for once financially on the
same platform. Around each one of
these railway kings cluster many adhe-
rents of lesser fame, but all possessing
more or less prestige, money or intlu-
ence. 1t remains to be seen what resist
ance the bears will make TO this pro-
gramme of the bulls.