The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-04
WALL STREET NOTES.

ANOTHER GAME OF JAY GoULD's ExPosED-wHS
UNION PACIFIC 'sBURsTED" NEW WALL STREET
DICTIONARY.
The departure Of jay Gould to the West with some 81
his associates marked on Saturday by a fresh de-
cline in Union Pacific stock now transpres that ~
such straits he reduced in order carry his stock
that he resored the tactics he once employed
with New Jersey Southern the bankruptcy OF which
corporation he comprised after his eviction
the Erie Railroad. The game indicated was bold one
and, if Jay Gould had not lost his prestige in the
street or the confidence of his brokers his Ole
successes might have been repeated
Tho story Is as follows Tho day before the break
Union Pacific Gould proposals to many Of his rich
speculative friends giving them TO understand that We
the Of another rise in the stock and onern
If they would buy 1000 900 shares, and carry them
for six montns that he would pay all the losses, only
asking receive half the profits. short timo since
such offers would have been eagerly seized but the per-
sonal guarantee of Mr Gould not considered gilt
edged just now, his proposals were declined with
thanks The subsequent decline Of the stock frora ~
70 64k shows either that treachery was intended or
that the once
MIGHTY spEcuLAroR
has TO resort TO shifts himself from ruin.
There seems to DO doubt that at the time he wrote
these notes ne had been called on 70 take up heavy
loan Union Pacific
Just before the break in New Jersey Southern about
two years the stock selling 81 and there
heavy speculation 10 L. Gould offered his friends the
chance Of prot-they buy and carry the stock
he pay all losses and divide the profits His friends
bought the stockwhch Gould's brokers sold TO them
and after carrying the stock for months and paying
high rates for money his dupes had to sell out at
heavy loss. These facts are well remembered by the
street New Jersey Southern sells at 81 per share.
Wall STREET DICTIONARY.
As readers know, the stock telegraph abbreviates
tho names Of stocks, thus:-L 5 tlake shore), Cen.
New York CentraD, &c, &c The wags in the Board
have made these initials amusingy significant in many
cases. The new dictionary runs about as folows:-
treatn
a. S,Aleany and susquehanna Ralroad-"A sell"
q. O I-Coumbus Chicago and Indiana Central
Railroad-"Costy circus impoverished
z. G l. C-Columbus, Chicago and Indiana Central
Coffee, cakes and ice
CEN.-New York Ccntral-"Corneius' elegant mob. ~
CUM-Cumberland coal-''Call up margins
d. L W.-Deawatc, Lackawanna and Western Rail
road-"Doubtlul leases wanted"
E.-Erie-'' ELEPHANT
Do Pr.-Preferred-'T ringn
i. Wort Wayne-'sFools' wash
X. N.-Kansas and Northern-"Know nothngn
l.. Sake Shore-'Ioose statements. -
MR. l4-Mariposa Land and Mning-"Marks regu~
N j. C.-New Jersey Central-''No Jersey cabbage"
N. j. r. R-Eew Jersey Railroad and Transporta-
tion-'No jaw round Raritan.n
N. j. S.-New Jersey Southern-"Neat Jersey sell y
N. Worth Wesern-"No wind"
G. B.-Gold Bonds-'Ginxs Baby
T. M.-Pacihc Ma-"Perpetual misery"
St P-st Paul-''Sage's Title Page"
T. W-Wabash-"Tonmy Warnern
U. P.-Union Paci1c-"Ugy Peter"
W. U.-Western Union-"W onderful usurper"
G.-Gold--"GobbeaLn
II must be admitted some of these titles strangely
apropos al all events they well understood on tho
street.
A ANONYMOUS CIRCULAR
was distributed after business hours Saturday,
signed "A Stakeholder" purporting to give statements
of the true condition of Pacific Mail in advance Of their
publication by the officers Of the steamship company
The circular highly favorable to the line If only
the writer would consent 10 sign his and the
pany would authortatvey put forth business state
giving clearly the liabilities and assets OF the
poration doubtless such document would be read by
the stockholders and public generally with lively in
terest but long iagmentary reports are put out
by managing director one day, 70 be explained IN q
supplementary letter The next, just 50 long will
SUSPICION srocKJoHBIsG
tant every statement Two reforms in Pacific Mail
should positively be insisted upon; one that steamship
instead OF Wall street brokers should manage the
line, and the other that monthly statements
should be made to the stockholders.
THE MARKET.
The price of gold stnened in the outside and late
tradngs Wall street to 117k rumors Of Canadian
and Boston troubles. 1t is possible that European
clouds had something to do with the advance in the
premium but the scarcity OF cash gold is unques-
toned q prominent banker of Exchange place, after
having his gold check for $25 900 certified had his
check passed from bank to bank for two hours before
the amount in coin was forthcoming