The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-29

vastly improves that ne eonnect.on oe's ssn
Lake shore road n ~ past has had ninety ~
line II has nos ths traflr has othsr
roads for the simple reason that tho What crop of
Kansas and Missouri lasf year w4s almost total
failure. The excitensnf growing out ~ the Colo
RADIO silver discovers have given consider
able mosemsnL whieA has partially eeiap.n.aisa
would nevertheless conclude frosa the rccest sale
that Lake shoFc vas the chief benencisry. Look AZ
the price OF the stock today Ono hundred and
sixi Every thinking man knews q - not worth
that. yet people buy a. Nov. Mr. Vanderbilt Know
what, What the ssss on Lsss sa9ss 70 NE Pop@s s,f
bit something iiko 10000 shares OF Lake
Shore. IL cost him some so par share. aud u no
can find buyers tor "A a. Loo aont yoa think no
ought TO sell itr
nRKAKKns AHEAD.
MIR. Kecne laid particular stress upon the Wild
excitement which characterized the present specu-
lation. and under cover OF which the most worth
less things were continually bsine psmod on on the
Justly popular and profitable the past season.
not only on account OF the general revival ~ all
movement Of grain. The immense European de-
mand for wheat may fail another year ar tae crops
may fail. What do You think would theft become
OF these unduly inflated standard stocks and the
host OF wildcats selling for millions of money.
many of which are not worth thu paper ON which
they written. Seventy per cent OF tho
grain has been moved this season. and
the balance soon win be. There viii be
one of these mornings. let me tell you. somebody
will get hurt" and Mr. Keene looked out OF his
window with prophetic air but spirit anai s.
turbed. possibly prompted by the rejection thai
somebody" was no relation OF his
OTHER STREET OPINIONS.
Mr.. Frank Work. of the firm OF Work. Strong
Co.. still in doubt to the terms OF the con-
tract between Mr.. Vanderbilt and tho syndicate.
saa only Sey ID
disagreeng. II 1t was intended to let the stock
loose in New York then the market was in
danger of being swamped. IT, ON the other hand. ~
appeared to DO the reasonable superstition. II
proposed hold the 100 900 shares to dispose
Of them In London the effect would DO porinanont
improvement upon q market of which Central
such leading feature hat the division OF interest
would be of commercial BENEFIT to New York city
aud TO the country accepted conclusion in
the speakers mind. His Arm was commission
one. he said. and only judged Of affair.
been immense amount of common report
in regard to this SALE which the largest he had
known upon the street. He had no idea that
Mr.. Vanderbilts control OF the Central would DO
lost or imperilled by the transaction.
chow do you suppose it will permanently affect
the sympathetic stocks such as Erie. for instanceY
asked the reporter
'sWeli. Erie" answered Mr.. Work. "is one Of
those enigmas of the street that have never been
able to explain. Erie is perpetual puzzle. don't
understand it, and don't know anbody who does
1 doubt if there is a man Broad street who tell
you why it has gone up this morning from 80 to AS
From the way it is handled there must be master
hand somewhere. I confess l don't know who ~
behind it-not even who is in front of it,.
CENTRAL IN LONDON.
The reporter turned the conversation upon the
subject OF Inc Solo OF Ccutrbl stOCk III AouuOu MI
Work remembered that when the road was
bonded to pay for the additional track
stock. he thought taken there. Certificates
issued representing ten shares of stock each.
but when request was made for the establishments
of transfer Office in London Commodore Vanderbilt
refused and the whole project failed.
When the reporter called to Mr.. Atkins. of tho
firm of Chase Atkins that gentleman condensed all
his observations and conclusions into the following
sentence:-"We are commission brokers. without
opinions"
A visit to the Office of Mr.. Scion HUMPHREYS did
not find him in. Ex-Governor Morgan there.
however,: and expressed an opinion that
the subject had been talked out" To
reply that the effects OF the sale no. observ-
able until yesterday Governor Morgan said that
the effects were what some people would call good
aud some pad. II he was bear, for instance. he
should think the effects were decidedly bad"
"But ii the stock should be put out upon the mar
ket hero
Governor Morgan interrupted, ''But 1t won't be.
1t is going to London, every dollar of it,. Then he
added, "You ought to Mr.. Humphries young
man; he is the authority on railroads. I'm only an
old fogy who don't know much about these mat
ters."
The reporter would have subscribed to different
opinion. but the Governor waived him of with q
deprecatory gesture.