, 1874-05-29
WALL STREET.
Effoox OF tho Denth OF j. Edgar Thorn.
ao,,-reu:uors OF Trouble In the LGko

ao,,-rru:uaoxs OF Trouble In the LHtko
Shore Rln saaRonfent~
Special DL,pasoh to The Usicago Tribune.
New youx, II w 2s.-The announcement on
tho Stock Excha ugo to-day, Of the donth Of j.
Edgar Thomson, President Of the pennsylva-
mia Railroad Complny. caused considerable ao~
tivlty In Pennsy1vani.s stock. There was \ std
don pressure to eell, AID the stock deol1ued from
47k to 401d, and about 1900 shares Of stock
changed hauda. It iB believed here that Col.
Thomas 4. Scott, Vice-Presidon Of the road will
succeed Thomson az President.
1sumors Of additional Lake Shore troubles,
oouplod with the alleged resignation Of Amasa
Stone, Managing Director, attracted much
attention on the +'s etre't r.oont It ,.,n. mas
sSpeftGsa s5n Gomooss .ss s hse %
in favor Of a dividend, to which Mr.. Stone was
opposed, and On Commodore Vanderbilt insist
Ing on his point, there was rupture between
them, and Stone roBignea. Al far NJ personal
true; but stono'a resignstion is Managing Di-
rector is not thought Improbable. In connec-
ton with tho story. it Is said TINT stono will ba
succeeded by J. Condlt Smith, Of the DunkirA,
Directors OF tbs Lake Shore Company have boon
talked to on tho aubject. but none laso heard
anything moro than the r,nor.
No business OF importance Was transacted At
the meeting. Of the Eris Directors to-day.
nairoad in this city, said, this evening, tl,ns
while Of course. no official programme had
been prepared, yet, without doubt, Col. Tom
Scott viii bs elected President Of the road: Dlr.
Roberts. who Ia Second cc-Preshens, will huo-
esod Coi. Scott as First Vico-p President, and Mr.
Kneass will become Second Yica-President. Tho
affairs OF tho Company, Mr.. Solomon says, arc
in excellent condition. The main branch and
leasoi lines wore never earning more money
than now, and tic regular per cent semi-
annual dividend will be paid at tho timo apeol-
Aed. Tho Company, he added is taking up ita
papor At per cont per an,lun, without the
slightest trouble.
[To tho Associated lress.]
new YonK, May 29.-The Post sayg: New
York Bpcculntors have for Several weeks boon
'bhort" in Philadelphia Of pannsylvania Iail-
roed stock, mailing their sales on the calculation
that the illness OF J.. Edgar Thomson would
prove fatal. His death oncouraged them to at.
tempt to break tho market. Tho stock closod
yosterlay at 471]1 to ~ OH orders from these
npeculators to sell 10, QUO shares: The price thin
morning uhB broken to 49H. After thu sales,
the price recovered to 4759, and 1t is yet several
pointa above the average at which theJ aro
''shogt." ,
The new Pacific Mail Directors have elected
the following officers: Russell Sage, President; ;
Managing Director; Secretary, Theodore T.
johnson; Executive Committee-nutus Hatch,
Wm. H. Guion, James D. Smith, ChRrlas J. Os-
born; Auditing Committee, Frcd L. Ialoott, T.
II. Park, Francis Alexander. Rnfun Hatch
having been elected Managing Director OF tho
panios arc virtually consolidated.
Special Dispatch to 1As ch1caoo TRIBUNE.
PHILADELPHIA, May 28.-lt III stated on the
street that Col. Tom Scott Las declined
to DO put tn nomination Tor tho vacant
Presidency, and that either a. d. Cas-