, 1880-04-30
Vanderbilt Reported to- Have
Closed Ont 100000 Shares
Last Week,
Jay Gould Planks Down Ten Mill.
ion Dollars for the
Deal,
Tic rlan Being to Obtain Control OF
the Western Union Company,
Merge It with the American Union, and
sond Stock gkywaras.

Hptesdf Dtspdteh tn Tia Chtedeo TftbunA
EEw YuHK, April co.-Tho Timee Says that
Western Union Telegraph Rtdck hnA proved q
puzzle tn tho stroet for tho paat two weeks. aud
tfrlkerH were Mt lnea tonccnunt for its strength
IN tho fare Ut the present hear market, except
III tho expected dcc'sIon l,y Judge nlatohford in
Tho Page patent suit. Tito transactions h&ve
t'aen snry lnrgc tho past wock4 tho total saies
bctrg Upward Of 1g,e0H shares. On Saturday
last nales were reported NJ 1900 shares, block
"t 10000 shnrrs coming over tho tape
mt luS: hut many persons doubted tho
latter sale. AZ It looked somowhnt :" washy," but
later developments bare served I'd change tho
aepcct of the transaction, as It u now stated
prominent firm Of brokers received an order,
Thntst'ay lust, 10 hug $1,000 shares Of tho stock
nj II Director of tho 1mportcrs' e. Trndcrs Ma
tionna Bank, md fulfilled tho order. It was aup-
posed tho stock Was really for Russell Sage. but
bought for tho others account In ortlcr to divert
suspicion. Tho price Of tho stock during tha
pnst ten days has ranged from 104k to 1855, and
It seemed tn be tho
nEstNE Dy ACTIVE OPERATORS
III the stock to keep prices down In order to get
It ut as low figure NJ possible 1t Is positively
stated BY ono OF tho hest known trokcrs in tho
Western Union crowd that Mr.. Vanderbilt has
been selling his stock In that Company for
somo time past, rs tho broker himself had
bought tho stock for certain customers
of his avn who wcrp largely dealing In 1t.
Tho statement Ii also nude on very good nu-
thorfty that Mr. Vanderbilt has sold q block Ut
10000 shares Of Western Union stock tn Jay
Gould ut par, the total purse being $40, 100000.
weeks aRo. md Mr. Vanderbilt allowed Gould
April i1.. md ut the last, moment Gould
ascSpted the oiler and nude tho purchase
i io-day: Al he ditto mentioned tha stock was
after it Rralualty alvanred until Baturlay,
when It reached 1dBS. since which tlinp It hai
n4stnatsd a',t,,, sel!ng as Low 10 lx Parties g
expressed their opinion that
IT wAs TRUE,
from tho fact that both tho principals In the
deny It. 4 reporter called 1t tho ot1ce OF ~
Gsnl!d to nsccrtafn tho facts Il possible, Mi;'
hs' % g. wa oa% ' t sss s s sass s @
MI interview wis MISC refused, and then tho fol-
lossn1a9E n9;: nasssa9o VIZ @ sent3a fora roply:
as f9o% nSs o @ the ea iata
svo n". mI hea af nny ~ 'nS sneh t.aa4
AZ no further inforn,ut1on could bo oDtaued
Vandero. III That xemiioma1, m.tn 's desened 10 10
s for ho s e eRssf Hsfaf a ana
evening. soyoral prominent brokers were spoken
| u concerning tho ntattor Que 9f them sAtd
that It WIS not c0rreot usld. when further uueH-
toned, sad no bud Il 90 the hstthor!ty Of IN In
| tiMato fr1cn1 Of Qould'B. lilo Hddcd that 1t WIS
4 CURIOUS FAOr
that Work, strnng T. Co.. md william Heath,
bud been krepIng tho. price dawn to lot Mr.:
shybaclt buy tho stock: Another broker said
re m M e faat It inS d
hs shsrts @ ,,.,, two . weeks nKo n westsrn
!" "''s bc 'H on ''' frondiy l % to1sns ' viz douid
hal bccn buying tho stock right Apd left, but