The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-18
uSirr,'lrsrrs RAILWAYS,
The Sunset Going 10 ~ faso- Martin
ern pAeiie-Genid and Wander
biIt-TeKha a racine-friee
81 steel Rails,

It's now thought Mr., President Pierce has
come W an understanding win g. T. Hunt
ington, OF tho Southern faellle, and lhhl no
win haad the Sunset toward VI l'aso Instead
OF tbs lover Rio GFande
The commanding officer at Fort Me-
Kayett, lloXas, has been directed 10 send n
detachment Of infantry 70 Fort C0neho Ia
aet rs escort % q surveying party Of The Tex
~ apillo Railway company
A Washington, April H. speepl 70 tho
Republican 6Aysi 1.-THE House Pacific
Railroads eommille, BY q vote which Is 'Ml
Ia have been NJ large ~ two 70 one decided
to-day against giving ANY extension, either 0f
tbe ten wears limit or OF the slN wears limit
Ia tho Northern Pacific, and Chalmers Of
Mississippi, acting chairman Of tho commit
Toe, eypre,sed the opinion that there would
be no extension Of time granted by Congress
ON tho strength Of this report II Is said that
n lnt Of speoulRtors about Congress mnle
largo short sales Of stock for tomorrow
4. reported that when II became known
tina Gould was Rngioustn enter tho direction
of lhs New York Central, IN old oulspokon
OPERATOR told him, rather uneoremonouflyi
"Now, Mr., Gould, YOU know how II isi the
moment you enter the board some Of 0
solid holders aTe sure 10 soil every share they
have. They will all desert, like rats leaving
n sinking ship, and Vanderbilt will buy back
the stock NJ his own price" 81 know that"
was Gould candid answer and tho moment
Il leaked out in the papers thnl lnlended to
20 In the direction, ! sold all tho Central !
had bought and went short ! want 10 get II
back ut lower prices, too" The outspokon
operator who had seen many tricks In his
day, stood Hghast NJ the GOODNESS Of the man
who wrs thus apeoulatlng upon tho market
value Of his own bud reputation.
with reference to steel rails, tho PhIladel-
phM Commercial List aHysi "Most Of tho
stoel mills ara vet full Of work, which will
not DO completed until the early fall months
Contracts might now be given out for late
ia aud winter delivery NJ S755976 NJ works,
but there Is not much disposition NJ the mo-
mrnt 10 close business, even nj these low
figures We notice tho sale, however, oftwo
thousand tons of Pittsburgh for fall delivery
nj $40. Secondhand lots have sold for
prompt delivery NJ SO nj mill, but supplies
offering In this wny nre not large, Iron sales
are dull and weak. Heavy sections are offered
NJ SG2GlGl vt mills, bu. these figures are
above buyers views and further conslder-
blo concession Is necessary 10 induce business
Foreign rails are also yielding and some ten
thousand tons English steel have been bought
for future delivery on private terms, but NJ
easier prices. London cables quiet market,
with Il further decline In prices.
st. Louis Republican; While II may bo
that Jay Gould's coup d'etat in NJ, X. i.
was moi strictly honorable, 1t was certainly n
wonderfully shrcwd piece of stoci.jobblnG
legordemWn, II seems that he sold all his
NJ, X. u \. stock when the price went up in
the neighborhood of go keeping none Of the
chromos of the rodd except the bonds. He
did not saddle his stocks on the street, how
ever, with any intention Of surrcndering CON
troll Of the compnny's Board OF Directors,
and he set himself the task of securing Il
majority in the coming election without buy
ing any stock back, He therefore borrowed
about 10000 shares, transferred them to NM
self and other parties in the secret, and n.y.
pothccated the whole lot with one Of the
banks, the directors of which are not disn-
tcrested in the transaction. He had thus no
call to disburse cent in the operation, he
retains control of the road, and is likely to
buy the stock now good deal cheaper when
he wants il than he could possibly have
bought it without this trickery.
Some Wall street gossips are ST making
studied effort to create the belief that
Gould ard Vanderbilt have come to a friend
" unders adding in the telegraph business.
The latest story is that Gould is heavily long
of Western Union, a large block of stock
said 10 be held in the name of prominent
broker being declared to really belong 10
Gould. 1t Is added that Gould and Wander
bilt have had long conferences on telegraph
matters lately and it is only strange that II is
not said that Vanderbilt has secretly sold a
controlling amount of Western Union to
Gould. Regarding the assessment of ten per
cent. payable this week on the stock of the
American Unions Construction company, it
might readily be said that this assessment is
only dodge of Goud's to throw the street
off the scent of his negotiations with Van
derbilt II will be of interest 10 add in this
connection that the stock Of the Central Con
struction company, which is building tue
Ane lean Union, is now S5,OOO,OOO, with
sixty per cent. paid in, making S3OOo,oOO
cash already collected 1t started out with