, 1880-06-13

r
per cent This is .he first time in several years
tnat tney nave increased their bonded debt.
Louisville Nashville could have been bought a
day. Nashville Chattanooga Is q gift enter
prise from the officers OF tho road to the lambs
that will buy It. The New York Elevated Road
and the Manhattan Elevated Road arg also gift
enterprises. Re1nenlber thnt Vanderbilt bought
bis MtchigHn ceutrul ut from 81 to 20, and hna
been feeding the lumbs with it ar from 81 to 9U.
New York, Ontario l. Western Is one Of Uncle
Sam Tilden's reorqaniza tons called BY another
name. Union Pacific will continue to puy its
dividends SO long as the mining fever lasts In the
Rocky Mountains.
COAL STOCK.
Star-How about the coal stock?
Mr. Hutch-The expose OF Mr. Gowen's tncom-
potency us mhn1ger OF great property il
certainly very serious black eye to all coal prop
erty. tuklng into account the collapse. in the from
business. This, perhaps, dues not so fully apply
to New jersey Central as 1t does to al1 the other
coai property,a ,as they are not NJ dependent upon
cont business for their income na other coal
roads. What the coal properties need is eco
n0micui and honest management combined The
outcome Of this iron business is yet to he decid-
cd. 1t ia unleuinbly the fuct that you can i'm
port steel rails frouI England, paying $23 duty,
ut S65 per ton. guaranteed to last twelve years
on any service thoy may be put On: ana still
paying the Ens:.ish manufacturer. This is shown
by Vanderbilt's purchase some months since, ut
$5l, with u guarantee for twelve years OF any
service he chose, instead Of from SIS to $47 in
this country, without the guarantee.
NEW -ERSEY CENTRAL
is mortgaged very heavily. Their n1ed charge
is as remember, abuut $s:i,4. .tIo y mile. One
thing is certain: there can be no dividends on
nny OF the eoa1 roads tsS but wta
possible Tor that road to pull through
WESTERN UNION
stands in with all their mortgages, and Atlantic
i Pacific, about sixty millions OF dolln1s at par.
The A1nericAn Union Is being constructed very
rapidly, GU II cash basis, aud the Western Union
will lind them very different competitors for the
business thMn the Atlantic Paciuc wAs seven to
ten years ago. Every mile Of wire. and poles,
and the property that they own can and will be
rapidly duplicated ut IN curly dny for less than
s1x millions. II people are buying western
Union expecting continuation Of divideuds.
they may be fearfuliy djsa! 'nted.
WABASH L pA ..krC
is what term consolidated ome!erte OF sew
ernl rottcu and worthless lines placed In and
oAlled BY another nam:. They Increased their
stand, they have not sold. Those Investors who
think that the per cent Government bonds pay
too low interest ure now invited to come fur
ties a They t viii % probaby divdsad the
preferred stock, even If Mr. Suse has to lend
the money. There Is one thing that should be
bc:ne in mind: that Mr. Gould und his associ-
sell. Keep before you continually exports aud
and rsGolls t our Imports tsn are +. tw
we're on corresponding dateS.
PACIFIC NAL.
Reporter-How about Ptcific Mail? Haven't
you always been big bull, or bear, on tint
stockr
sir. Hatch-Pacttic Mail has I. vulue. Its Wall
street value Is yet to be decided by the BOurd
recently elected, at what price they IRE willing
to buy or sell it: nnd being little tilnid, am
own ut my great length. The Company needs
new steaHcrs, and II the present Board Of d.
rcctors keep the contract ind the wars In South
America should end, and they provide for asl-
ditionaI facilities to du business south Of Pann-
ina US well us Ceutrul America. you enn rely
upon it that the stuck will huctuate. II Cn1i-
glish and French Governments do for their
marine and their commerce. Pucitc
Mail will In some future day be valuable prup-
derbilt's SS5,oG0, ,00o of Government bonds, sold
to honest Investors either here or in Europe,
and that money put buck.
Sta'-What Is your opinion ny to the tmmedi-
ate future of stuck speculation in Wall street?
Mr. Hatch-1l is d brokers' market. and cer~
tain to tuGtuate until We know the crops in
Europe Then look for the nending Of the
however, that William, II. Vanderbilt will not
buy back his stocks unless he buys them Mt a
good round profit lie is good waiter, as IS
shown in his management u the estate lett by
The old Commodore.
THE oTHEK SIDE.
Now, the other side Of this question Is that
majority OF our railroads nre in bttter co1-
1t9n a, than p nr.6 eysT nef1f FOR re m
his countr,. and the Baltimore j. Osio uay
come next These are the sht'rt lines from tho
seaboard to the farms and producing sections
" the West and huve not us much wnter in
.hem as the New York Central. Eric il in u
xreutly improved condition. People are trave-
ug. buying. and selling. The whole Nation is
Nation OF specs,!ttors. But for tue life 1T me.
can't see any very material Advnlce it: the
securities SO prevalent on the New York Stock
S1chuuKe at the present time. especially the
lew oues. Mr.. Fink is clerk to Mr.. Wander
Jill first, and Of tho trunk lines afterwards, and
+ necessary for these insiders to break the
Market you will see Mr.. Fink lower his tariff to
point to pAss the dividends OIL the trunk lines
III around the horizon, until Vanderbilt brings
>uck tho securities he has been selling.
If there IL anything else you wish my opinion
specially II know nuthing about the subject.
The Star reporter replied in the negative, ind
he interview terminated.