Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-10-09
TE lie GRAPHIC.
Serious News from the
Mexican Border.
Every Probability Of a
War Soon.
MEXICO WILL NOT FULFIL her
TREATY OBLIGATIONS.
How the Panama Stock Is Manip.
ulated.
CAUSE OF THE FIRE IN THE
PATENT OFFICE.
ESPECIAL DISPATCHES TO Il ooLp HUI
pALr Nrwa.l
How the Panama Stock Is Manip.
ulated.
CAUSE OF THE FIRE IN THE
PATENT OFFICE.
ESPECIAL DISPATCHES TO Il Coin HUI
pALr Naval

SPECIAL DISPATCHES TO TIE ooLD Hni
pA IT Nrw..l
-
How Panama stoek II hanipu.
lated.
Nxy y,,v ~, o-The !Sun has tho
-
following Shor'iy oeioro o0'oss 'Vs,,
day shares OF tho Panama railroad winch
have been gradually working mp from 100
- a.. a,s,n. .ov.r.i veets mast. were
'as ,.,,,.,..
suddenly bid up TO i4o withou' aeeiin'ns
out stock or forcing any Of the shorts into
,be market ma purch.sers. Tho movement
49,. .,,. ,.o.,
was q surprise 10 Ill INC slee'' snu s'0.
deal Of conjecture was INDUCED In a. 70
parties involved by the movement. 30
lar AS could 10 ascertained, no n was
largely short excepting Jay Gould, and IL
ID said no has borrowed his stock ON time,
30 Il will DO very difficult, II not impos.
sible, I force him TO cover. General
Baxter aud Trenor W. PArke are said TO
be tho leading bulls, and their stock,
together with that Of their friends,
Is tied up In the banks with good
margin. II Is about two years
since Panama sold al tho present figures.
At that time Jay Gould and several OF the
Twenty.third street operators were short OF
10 Mt ilG. Gould'a limo was 5000 shares,
and tho Twenty. third street operators with
a scattering outside interest WAS twice a.
large, Trcnor W.. Parke, who controlled
most of the stock, ran Il up one afternoon
a. 80 A. All. A..u Ala T.apNv.fhtrI
street operators covered the shorts that
they had put out at li6. A further tyist
was Then pa, on oy I'm. nny 70 ..vsrs, ,Son.
~ ~ ~. tar ia of conr.e M.
Parko did not want to buy at this figure.
and not knowing who had STOCK icr .a,e,
n ~ ,ss.GorIa lnsm of a Siock Of inyest.
ment stock Of 400 shares held by . GENTLE
man living In sixth n As soon as the
price began 10 auvaneo Iap'",y nv" 49,
balJsr If Panama and Afforded him q
handsome bonus for the use OF his stock.
The offer was accepted Snd when nhe p, hIs
h,o.s on M, market for cash that line bro
kers would take. The upshot Of 1t was
a.. IT. 49, =. .
that ho covered all OF ms line iAsr
handsome proit, ~ well As tne s'ock ne
borrowed and marketed Ut siGo. Aiter
this Park became embarrassed on account
OF his heavy purchases oi ,sc'no p.ai, y
was unable to AXE care OF ms stock' rAn.
ANA broke to $50 from STU IN = slhsie
day. Then General Baxter came 70 ms
assistance, and when tue no,.ing s'1ek was
absorbed, Panama was grAduai,y o,a W
until Yesterday when u lumPeu suuucn'y
to $40, although closing ~ sioo'
Tn. p.t.., oaice rire.
o...,s-e m. po.r., =,
"Asn"'o''
Inquiry appointed ny secretary oohu'h w
investigate thc cause OF inc hre III 'no in'
'ei,or 'ep,'u'
u'"mo' 'o,'.' 49,.
pan'eu wiz" !' A..
'hero Is no ,'an'' "
suppo''uo" "A' '"e n'o "A'
cehu'ar'sh VI 'p'n
They find that q fro was built OF pine
boards and n blower placed over the crate
IN ,ho i.,ios. convipg room. I'm The Ninth
~ y" 49, ..-.,., III
street basement, !" wv s
roaring oil the IRE excited the attention
Of persons In the room. and was the sub
jcct Of comment by them At the time.
ra $500 Uhn