The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-30
IN AND OUT or VAIL STREET

creased IN volume last week. nut tno prices
did not decline. In some cnses, M that Of
the st. Louis Kansas City and Northern.
they even considerably advanced. The pre-
ferred stock went up from 3S to As. and the
common from 1875 to II. The stock OF this
company has been uniustly held in bad repute
for some years past. but the consolidation OF
interests recently effected between this road
the wabash the Kansas Pacific and the Union
Pacific has Infused new life into it, Jay Gould
lately became large buyer OF the stock. and
thus gave II speculative value. which will
probably be sustained, ns the bulk Of the stock
is held by solid parties. who believe In the fu-
ture OF the property. and arc not likely to be
scared by violent fluctuations. Every improve
ment in the connections OF this road II n heavy
blow to the Hannibal and St. Joseph Railroad,
which is already reported to DO on the eve OF
going into tho hands Of receiver.
Though Jay Gould has removed from the
speculative neghborhood Of Windsor Hotel to
his rustic retreat ut Tarrytown. his hand II felt
in Wall street ms strongly 10 ever. He Is stcadi-
ly extending his Southwestern network OF rail
roads. and jealousy watching the dealings in
Union Pacific stock. 1t was recently reported
that Vanderbilt intended to stretch out his hand
in that direction. so rs to strengthen his new in
terest in the Chicago and Northwestern Rail-
road. Certain persons. who had recently be-
come possessed Of some Union Pacific stock
were supposed to be in negotiation with the
Great Untaxed in regard to the subject. But
Gould is not the man TO let n cold deck be
played on him. Ho began mt once to pick up all
the Union Pacific stock which appeared 10 bo
loosely held and likely to fall into his antago-
nist's hands. In some cases he had to pay
much more than he had obtained for the stock
when no sold II few months before.
Tho dullness Of tho general market Ia. Of
Q, l,ge 81 tla.
and tho absence Of the many yachting spccula-
tors who left for New London on Wednesday
last.
Tho speculation in mines continues TO in
crease. The new Borcel building In Broadway is
crowded with mining Offices. md four elevators
are constantly engaged in hosting and lowering
the possessors OF undoubted Western clothes
and faces. Within Il fcw days another :avori,ehas
been added to tho fast-growing list Of mining
fances. The Great Eastern Mine is. however.
moro OF n Now York pct. for at the head Of It are
such men as Postmaster James. District At
torney Stewart l.. woodford and several other
well-known New Workers. The mine is situated
| in Deadwood. Dakota. between the Homes.ake
| and Father de Smet properties. II was bought
| cheaply. and has been capitalized at n low fig
ure. dividend Is promised for next week,
| and several more are said to be on hand. No
| body ever suspected the ioval Mo. Mitchell OF
neglectng his own interests and he appears TO
be rs great n bull in this stock as his bosom
friend. Sim Henry. s In Concy Island skies.
One OF the curious features Of the mining ex-
element is that while Il large number OF West
ern men are daily imported into New York. the
expectation OF New Workers TO the Yves, is quite
as great. Within II few days the city will tenn
| porarily lose tho genial faces OF Rufus Hatch.
Eugene Robinson. James II. Ban ker. and Sena-
| tors Jones and Spencer. not to speak OF a host
OF minor Wall street characters. Gov. Shep-
herd and Gov. McCook are pushing enterprise
even further. They start to-day for Mexico.
and their friends are going to give them rat
Ting send-or down the bay.
The general increase OF pros perity has. OF
course. affected racing. and there seems TO be no
end OF races this summer. Mr.. Jerome's sports
nanlike venture Mt Prospect Park has suggested
to the rropretors OF the hotels at the Cockney
seaside resort the idea OF adding racing to the
charms OF soft-she CLAIMS and Of Levys cor
| net The number Of race meetings in the
neiGhborhood OF New York is actually bccom-
ing too great for the very limited number Of
horses on hand. The meeting at Prospect Park.
which IL Just over has shown this. as none Of the
cracks were to be seen there. the owners evil
IDENTIFY preferring to keep their horses for Mon
mouth Park and Saratoga.
The arrangements at Prospect Park leave
instance IL Mr.. Jerome were to have several
gates cut IN the fence. instead OF the present
rabbit hole through which so much persplrng
humanity struggled last week The committee
should also have the names OF the jockeys
printed on the cards. The steeplechase Of
Thursday last was quite as much trial Of skill
between the riders as Of speed between the
horses
The success OF the Prospect Park races has
been sufficiently great to warrant the formation
Of q new club, under the title OF the "Coney
Island Jockey Club" Among the governors
are such well-known patrons OF racing as
Mcssrs. W. r. Travers. J. Il. Keene. Leonard
Jerome, G. l.. Lorillard. and J. Hecksher,
Young America is also we'll represented in the
scions OF the houses OF Vanderbilt. Lorillard
and Belmout-a fact which augurs that horse
racing in America is not likely to die out with
the present generation.
This week the activity in Wall street will be
, considerably reduced Tho combined innu-
ences OF q long period OF exciting speculation
and the sudden increase in the temperature
have at last reached the Governing Committee
OF the Stock Exchange. and that venerable body
has agreed to close the Board from Thursday
until the following Monday. As it has long been
! one of the tenets Of the brokers that the Ex-
change must be open whenever tho banks are
many OF the older members are, OF course. dis
satisfied and believe the street will 20 to the
. dogs under such new-fanged ideas But The
younger and more Woodworking members
| think Z at they deserve little holiday. In or
der to supply an outlet to the discomfort anC
surplus energy OF the opponents Of this holiday
/ there ia PROJECT on hand for temporary
}, kicking board garden in Capt Williams's pre
{ cnct. There. at the rate Of ten cents an hour
they can do all the kicking they want TO. Al
J. | noker is likely 10 be much indulged in durinl
g these four days. special boards are to be ar
ranged for losers. RIooLo
y Mr.. smiths BIg Farm.
Ffopa he SiudHisih Nsea
!. The Hon. j. NJ. Smith In Ogethorpe County
Ga has lArm OF noon acTes AO0 VI Mhich 10 cn