The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-19

sensical youngsters. who are capable of any
fooshness.
Except in the case OF Western Union there
was but little substantial change in the prices
OF the leading securities last week. Most tempt
ing promises are made by the manipulators Of
tho new Southwestern and other fancies. but
the solid investors. like Nine. Fdrdr prefer tho
party who
..... ne promet rien du tout,
Mais me dome lc m6cessaire.
Mr.w.H. Vanderbilt and his chaperonng chum.
Samuel Barger. left for Europe on the Britain
mic. and are expected to return by the same
steamer. The voyage seems to have been un-
dertaken solely for the purpose of giving the
Great Untaxed the benefit Of breathing n more
invigorating air than that Of the Forty-second
street depot. or Of tho drives OF Central Park.
lie Ia not expected TO 70 further than London.
and is to be back in New York for the next reg
uar meeting of the Western Union Telegraph
Company on June H.
OF the cutting Of the now famous melon moth
ing positive was known at the hour Saturdays
White Star steamer left. But there was enough
OF what is commonly called chin music" on
this interesting theme to causo an advance Of
the shares Of that company to III. The I'M
lucky fellow there was only onel who bought
COO shares at that figure must have been very
disappointed when he saw the quotation imme-
datcly drop to 111A Still II appears that Mr..
Vanderbilt remains firm believer in the value
Of this security. At any rate he advised in
innate friends OF his not to sell Western Union
during his absence.
This advice must be very encouraging to such
holders OF the stock us are not aware OF Mr..
Nanderbt's habit never TO advise his friends to
buy or sell anything before he himself has
bought or sold all he wants 10. Surprising even
shareholders are given a scri. dividend Of II
per cent. on every share they hold-what Is tho
logical result? The security will become a G
per cent. one, instead Of an s per cent one. and
| its investment market value will not be more
| than 90-that IL. some 90 per cent. below Satur-
| days closing quotations. II anybody thinks
| that Western Union is bargain under such
circumstances. let him. by all means. buy It.
and find out for himself whether Mr.. Wander
but Is right in saying that the stock is a nice
thing to have In the family
The above figures are given without any ref
erence TO the opposition telegraph company
contemplated by Mr.. Gould and his associates.
| Yet they evidently mean business. Some OF
them said. on the morrow Of Gould's departure
for the West. that he had made up his mind
TO knock Yanderhilt's Western Union into a
| cooked hiatt and when Gould undertakes any
| thing Of that sort he generally carries it
! through.
A good illustration Of his system Of doing
! business IL furnished in his recent purchase Of
the st. Joseph bridge over the Missouri river.
1t is not generally known that the purchase is
strictly personal one. Mr.. Gould obtained
possession Of this bridge, not as n representa-
tive OF any Of tho railroads lending TO it, but
simply as n privntc individual. to whom those
roads using the bridge Will have 10 pay a toll Of
81 and s. for every car crossing it.
Apart from this handsome income. Mr..
Gould has secured by the purchase complete
mastership Of the situation in that region. II
the stockholders Of the ST. Joseph and Denver.
OF the St. Louis. Kansas City and Northern. or
any other line depending upon the traffic across
the bridge. ever attempt to kick him out Of the
| management OF these roads. he will stand upon
his bridge and dictate his own terms to the
rebels.
Tho sale OF this bridge shows in n very unfa-
vorable light the int liiEcncc Of the bond and
stockholders Of the concern. II our Information
is correct. the Bridge Company had some $780,
600 worth Of stock and some s7s5OO0 worth OF
bonds. Mr. Gould knew the bad condition Of
the finances Of the company. and caused n sur
vey to Doe made from Seneca or Hiawatha. on
the ST. Joe and Denver road. to Atchison, max
ing the 81. Joseph Bridge people believe that he
was going to construct branch line In that di-
| rection 10 cross the river below 81. Joseph The
bond and stockholders Of the 81. Joseph Bridge
Company got scared and sold TO him for 5000
600 Il property which had cost them more than
twice that amount
l, does not seem unlikely that In year or two
we may sea Mr.. Gouli performing a similar
trick with the Hannibal and ST. Joseph rond.
BY his new arrangement with the 50. Louis.
Kansas City and Northern. and the Missouri.
= IL q @. 4
the Hannibal and st. Joe line As it stands
now it has no friendly connectons-Wcst. East.
North. or South. The road is very badly
graded one. and has nearly 100000 Of fixed
annual charges. II runs Its trains NJ ruinous
rates between two comparatively unimporiant
cities and will probably soon have 10 declare
itself bankrupt. Mr. Gould will then step in
and take possession at his own price. In an
tcipaton of such an eventually. he has taken
good care not TO make the contract with the
Missouri. Kansas and Texas for the use Of its
seventy miles between Hannibal and Mohrry
anything like permanent arrangement. The
contract with that road expires on May l. 1850
Between now and then he will have completed
his Eastern connection. and SO fortified himself
by legal arrangements rs TO feel secure against
any future attempt to deprive him Of the control
Of the new great trunk line from the Atlantic to
the Pacific
The continuance OF tho bull marke; has
spread prosperity all around Wall street Every
bucket-shop operator seems 10 have grown
rich. and the keepers Of the downtown eating
and drinking places confess that they have not
sorn such time since the panic ofls73. In re-
Spouse 10 the requirements OF tho time an en-
terprsinE wine merchant has opened in Cedar
street new drinking place Of sort that has
been for some years past in great favor IN all
the large cities Of England.
The Bodegas. Of which II specimen is now to
be found in Cedar street. are an imitation of tho
Spanish cellars. whore vino is taken from the
cask The man who first had the idea Of start
Ing the BodcgNs in London made plies OF
money, and there is no rcnson why the thing
should not succeed here. ltIs always pleasant
TO have place whcro ono can find glass o
honest. genuine port sherry. hook or clare
drawn from the origina, cask. Butthe wine mus
be Of iirst-class quality-ncver mind the price
Of IT, That at all events. was tho principle uuor
which the English Dodrgus We're started. Men
who like to get drunk on poor liuuor will al,
ways stick to the barroom The Bodnga. on tho