The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-06-09
LIKE SHORE srocK IN WALL STREET.
The Protractrd Quarrel Over u between tho
Hull. and the Bears.

For several months past Lake Shore has
boon selling at not far from 63. Bears have at
lacked 1t and bulls have enlarged upon its
merits. but neither tho one sidc nor tho other
has obtained decided advantage. Lake Shore
is the mystery of the street. and since Addison
Camma'k. Geo. Osgood. and Vim. II. Wander
hiit made fortunes in its rise last summer from
foriy-1y" 90 seycnty-thrcc. stock operators have
been puzzled ~ 10 the future OF It's movements.
So far as the bears are concerned. they are we'll
known by reputation. but it is not generally
known who have been the chief supporters Of
the price.
The Twcnty-third street operators. for sew
eral months past. have worked zeaously to
break down tho quotations. and in their on
deayor. have put out large lines OF short stock
below the present figures. Addison Cammark
has been the most prominent member Of the
boar fraternity; he has numbered William r.
Travers. Robert Elliott. and John George 10 his
chief adherrnis. 1t one time Geo. OsEood put
out I'm" OF twelve thousand shares below ~.
but h was fortunate enough 10 cover ~ G2 a.
and abandon the bear clique.
The prominent bears were strengthened in
their position hy ynrious circumstances; WIN.
II. Vanderbilt. before his departure for Europ"
slN we VS. asq Ts ,dseoIyGred e have SID ont
ar-u-d from this that the earnings OF the road
had boon drrrras ng and TINT the great rail-
way KING did not care to hold too iru III oi a
property not likely To- prya handsome dividend.
TIE capital of Lake Shore is 81 large tj1u. 900
sharr-i tIht There is less danger IN selling short
th1u iu the cl~e Of smuIicr Stocks. Tnr open
ius 90 nav CATION. too. brought down the rates
ior freight, and Us Lake Shore is direct COM
iIfnr with the hikes. the re-. aipts necessarily
ina Dt largely SO. while the Northwestern aud
lhr"oiu stocks hay" advanced many per cont.
IlS' Nnore has hung ABOUT So, neither going
tp Mr. H"Wh q great GOAL Ar. Nand'rniits
brokers have not upp ared as buyers since his
dcparur" ior Europa. and II has boon a pu2 ie
VINO should uc credited with b 'ld,ug W the
Price OF a stock whore such powerful elements
were working for decline. The most yigor-
uus attacks have not succeeded in materially
iu- powni seem 1t DISPOSED 10 severely punish
tn, bears h1 putting w. the price. SHARPLY
third street party They care little whether
other stocks are cornored so Ion; as Lake
prly VINO drops IN u me bow window in FlHh
avenue and says that Lake Shore Is going
down q r"'civ'd with open arms and treated
Dob p'. II 'iiN.ctk. hut WO" 10 IN" unfortunate
W-"i t Nln i'"hly hints 81 an Increase in the
eurn.n-n 3D.. the rntlroad. He is instantly and
ANONYMOUSLY nut ioWu. y tradition tAisi, OF
one, more unfortunate than the rest, who found
himself lying upon bis back NJ the corner. after
an unlucky expression of such nm opinion. and
10 THIS day Lee is uncertain how he got there.
II has transpircd recently that Jay Gould.
who Is CARRYING on the Dull movement ~ the
r.-t Of tho market. Il the supporter OF Lake
shore. Whether he buys simply To steady the
market wlll" me- puis NJ other stocks Is uucrr-
tain; lie has II vrr been great bull IN the
stock, but al tim'- las been in the habit #
giving ii a twist of three or four per cent. when
too large short interest WAS dcvaIop"d. ANY
permanent advance in the price is 4 ppend mt
upon the dividend, that will be- Determined upon
very soon, aS Mr. Vanderbilt has arrived from
Europe. Parties who have the best facilities
for ohtainin; informat,on say that 1t will not
be over two per cent; that tho earnings for the
month OF Apr., fell Of oyer $50 900, and about
the same for the month OF May. II this Is the
"l-c, llk" Shore Is high ~ present figures. II
inns alWaY- boon an unfortunate stock for any
ar'Ht operator vino u't tempted prolonged bull
cuiapui-n. Every wear It hns been subjected
- greater com petiii1n. and It's through business
loss. 1nr public have no means Of Judging Of
il cnrnt' - ns they ARE published only once n
ilyin- % pig iu poke" Moro than ms, Mr.
Nundcrhilt instead of developing Lake Shore
exclusively, is huyiug up all other competing
limos, and, H~ "a natural consequence. takes less
interest ma tho future oi tins particular stock
llis brokers nave sold out their sto' X. and il
luuKs very much rs IL II wnro intended To let il
- up or down To suit the whims Of the street.