, 1881-02-20

s. Ohio. The Reading purchase WILL give
the Wabash Philadelphia outlet which
may be valuable in the future. Mr.. Gould
and his associates including Mr.. Vanderbilt,
now control.
ALL THE EXISTING TRUNK LINES
except the Erie and tho Baltimore & Ohio,
and, if the stories current are true, the last
named road will also be in the Gould coin
binatiou. There can be no successful oppo- |
sition to this system OF roads until the new |
lines now projected are completed,
and for. ut least year the Gould
party will enjoy the monopoly Of rail
road transportation East and West to almost
the same extent thnt they now control all the
telegraph lines of the country. It will be an
easy matter for this combination to monopo-
lize the coal trade, and movement in thls
direction may be made before long. Unfort-
unately for the public, there is no remedy
for this condition of affairs. hlr. Gould Is
apparently determined to WELD the power
he possesses by the aid Of his money and his
skill in manipulating stocks, and there IS
nothing to prevent him increasing his prop
erty almost Indemnity by his peculiar meth
ods, which result in
EVERYTHING FOR GOULD,
and very little for any one else. The STOCK
market is placed in very dangerous cofldl-
ton by this absorption OF railroad ana otner
property in the hands Of one man. Conserva-
tive bankers have heretofore Disseminated
against stocks Of corporations controlled 10
a greater or less extent by Alr. Gould, ana
have not loaned as freely upon these as upon
other share-property. 1t is notreasonable TO
suppose that they will be less CONSERVATIVE
now that Gould's possessions are SO widelyex-
f1<n+ vol
1ated By his manipulatlons.
THERE WAS MUCH EXCITEMENT TO-DAY i.
in Wall street circles consequent upon the
violent fluctua tions in the leading specu-
latiyes. The bears during the early hours
were in the ascendant, and. laying much
stress upon the per cent Funding bill, they
offered down all the list The bank state
ment came out showing large loss IN
the surplus reserve, and assisted. these
efforts. Most Of the selling was
done on this financial Idea, but
some holders Of stocks took fright and threw
them overheard In haste. The decline at
one period reached 4 per cent During me
afternoon there was smart recovery III
nrlces from the wants of the bears themselves,
who had oyerso1d the market. and from buy
ers who considered the stocks cheap at the
decline, while leading operators bought large
lines for both accounts. Notwithstanding
..tss o,t,o,r of certain s.speculatIves,'
NC AZ, ,,a+ 1osa control of the market,
ule oulls w nus ~ ,e11 +1e;r snac;olties
THE SPECULATIVE BOOM.
New YORK, Feb. 19.-The Graphic says:
:. fr" n.iar;tr of the conservative stock op-
orators in the street look for much
stronger and higher market next week after
the Funding bill is better understood. AS
-aor ,s tha Government actually begins to
buy y s5o,ooo,ooo bonds and issue ssoo, ,ooo, 900
certificates, further Improvement may oe
looked for, because the operation to great
oxtent will prove a virtual expansion on a
sound basis. There is very large short ,
oou"4 ~ .ro.,or,I ctoct rnartet',
interest," III tl1e Ee"74 :, N,.sn =. sl.,, nr@-rrn -
BULL Ahfoni ot'i
A decided aehiM - snen noCo,~
| that Jay Gould had purcnaseu TIC -nsoS't'
| mont interest in the Reading Road.
| An IMPROVED FEELING:
Ihe Fost says: .,,;. I'e of+arnao,, is dua to n
| the stock market this AFTERNOON Is ouE " ~
| Washington dispatch saying tnat tne house
| Committee on Ways and Means proposes to
49, 80 +a,-ae ofF of hank deposits and bank
take uie ..,ot;os .'n IF tia nroves true. and the
note circulauoh. tnls pio'.e ~ T.,
House and Senate approve 1t, IL WILL 10 muen
to acknowledgement are considered me .o aemoa-
! alizing influences on the marhet ol Ao Ae
suad;5e .. Xii agreed upon."
THE FRENCH CABLE COMPANY o! ,,:.o,,;+
has filed bill in the United States Circuit
Court against the Western Union, American
I1n;on T, and Atlantic g. Pacific Telegraph
Ohlo1l' ano n'la ~ o,-r,3ng mt of
Companies, to prevent - t4s 4ha cnnsn1idation -
some Of the plonlSlons p OIL n has 1.nntTact
The French Gable Lem, E9mpay n,nsnv nas eGr4 }nr the
with the Ameptcdh ~ fhe,r ca,cs in ali their trans
ATLANTIC Telegraph Dnsln,esS, +t,n %n on,sniidas
claimed: will be inpal1en r Ds nrnvs ,1u tat the
ton. The flencn Gonp;y i,la,Iat;9n that has been
agreement or :.n maatar,, I1n;nn and otler
a',',o,,;as na ha declared against public policy,
ana .a. OF no enein ;niuncti9n On which argument
;.,,ii 1epp99lar1d 91l 9sa u on The s9th inst.
Will Dc he'liu .sus,n. ~. sne n', 17>.1ov VIZ.
| "Es1.nS .,'. u etao1,ho,ders of the
At meeting of tne 81! stofkmouS Gnm1''my tn-1ay