, 1881-07-12
Gould and Vanderbilt Said to Be
Investing In Stocks.
Hints Of Compromise in the Trunk.
Limo Troubles and Compli.
cations. =
Ienunctation OF tho sspall Mail 0a-
zettc'sO Article on American
FiNnnccss
4 Story by Ell Perkins About tho Great
Operators In Wheat and Their
Estimates.
STREET. TALK.

gptetai Di.pateA to ms Eateoeo Tribune.
> Nrw YonK, July 1f.-Speaking OF tho
stock market to-tay, n prominent broker
sati: " It wou1d not bo surprising II 1t mp.
penrctl, fuw days hence, tl.at to-,ny was
the time tn have bought. 1 llcAr Of buying
by Mr.. Gould and by MIR. Vanderbilt, md r.
ports Of speedy termination Of tho trunk
line difficulties tloattng about. Mr.. Newell.
of the Luke Shore ltoad, said son,o time azo
that tho trunk lines were now III a position
where tho troubles co,lld bo readily all
Justed. Hints to tho effect that trunk
line stocks nro purchase Mre
heard, and thero Is some buying If
Lake S,oro by mon who usually gct early
information of Important movements. Rapll
progress is being nlnde with
TIL; NEW POSTAL. TELEGRAPH SCHEME.
I hear that au important meeting Is TO bo
held tonight III connection with tie lslr-
chnse Of patcnts. Tho Company Is to have
1000 900 capital. and, If lnlf that Is claimed
In its prospectus Is true, the Company pro-
pose to revolut!onizo telegraphy. 1 l,car
that Mr.. Kceiot4s Interested in the COinpa,ty,
mud suppose tint his saies of Western Union
ara BASEL upon Ills expectation that tbs new
tho great monopoly.
4tb AiNAC I'll AAoelOlSt4LthA 3Ay t4'As ~
jorIty Of the Directors will oppose the con-
tlnuatlon OF the management OF tho road by
the Manhattan Company. They say that the
lease lias already boon broken, nnll tlht tho
Metropolitan md New York Elevated will
be operated separately. They say that thu
Manhattan Company will gu into thu lands
Of n llecclver this week, aud tint Receiver
is likely to be appointed for tile Metr0polt-
tan. 1t IL afso reported that tho Manhnt1an
debts Will be settled by n cali upon tho stock
holders to make good
Tl1E DEFICIENCY,
amounting 10 sl,500,000. They say also
that n lively fight will break out
between tho Gould md Field interests
over the ownership Ut tho Pcurl street line,
which Is considered to be the key Of tho
ELEVATED roal situation. They say that the
story Of n combination Of interests between
the Metropolitan and Manhattan Companies
Is circulated for tho purpose Of getting up a
market OIL which s01tlo Of the old Directors
can get rid of thotr stock. Tile bulls III tho
stock take III entirely different view Of tho
situation. They n,linit tMat Manhattan,
will probnbly bu ont, but sny
the metropolitan will 10 materially benefited
sheraby. ut WIS whispered about Satur-
day afternoon,r said Il broker this evening,
that the trunk-liMe difficulties would sud-
denly cease, TINT the rates would be partially
restored, the stocks advanced, and
HARMONY pIlEvAlI."
There Is little doubt the prediction Of higher
prices for tic stocks proving truo II tic
others are, fulfilled. The story cp,l,es
| from inside 'sources, md considerable
amount Of shorts llav0 been covered wIthl,,
| a day or two upon the belief tint tho trunk
lsncs were tired of losing money in n boot
less fight. hcar upon good authority
that Mr.. Vanderbilt was Il buyer Of stocks
on Friday and Saturday. A committee ol
that load OF 5000 bushels OF grain wo,llt
| produces $40, OF which 500 wuro required
| to meet various charges, leaving only SlO
tor WORKING expenses md profit. l n,n In
| cllned tu credit tho report tint the terniina
tlon OF tie Trunk Ltuo wnr Is more nearly III
hand than most people SUPPOSE"
TIE ARTICLE F1lost THE "rALL MALL GA
H. ZETTE,"
eabled from London to-tlny, and foreslalow
| Ing plllle i'll American securities, IL lOOket
upon. ny iinarclers III tho vicinity. Of Wal
street. as, having been illsttRatetl by specll
lators who desire to deprass tho ynlue o
Ansrica securities p4th II te ld@ iin 'it
latch. snll liz would not waste time to tall
on a subject SO ridiculous rs tliut qnotet
from tue English paper. It WIS eyldont Il
hiul t!lat tho writer Of the article knew notl,
or Ind been, Induced to writo 1t b!
SONS ono who desfreu to lcpress American
securities. As to Government bonds. the,
wore never IT, better condition than the!
them would sny; lio .tleellned to. say nny
thing nInro nn the subject.
4 LEADING OFFICER uF A WESTERN RAIL
| IkDAD
said 1t would l,aye paid q speculative opcr
ator well to l'ave given Sl,0Vo for THO lnseI
newspaper, or II n.uy llaye boun Inspired b.
s0nIa uIlH who llad been bitton by u Bpecultt
tioi. aud sought thus to rellnce llls losses
Any ono who know the present condition o
lnent caa borrow money 1T l1iG anl per ccnl
aud WHEN us 1fIllc,llt tu find Borrowers In tlll
glty nt the legal rate Of l,vr cent, w0ul
know tint there wns very little nppearanc
reports are mt 80 unfuyorablo in even III
fectel localities ns 10 make the general wul
fare ut tho products Ut thu aart!l nnytllfng I
bo feared, fur loss ~, one district will b
anH;!e a up y a!lother. % heal estate Is not d
NONE or TIE oAusEs OF THE PANIC o
exist at the present tine. THO money t,at
being invested in extension ot railways, etc.
y already III tue country. n!ld ts halng px
81 rsilway stock ns!ist ~ I estimated ilot !
much by It's market price us cu,llpared witt
TWO or tlrec years aKo as by tha earnings o
today ~ comparison with those Q
pS ppsss!pg ,Ass. IL 1a!1wass As ~ =! |aersass sas
ea.yays s Is healthy s one sa' A eStsseH Suar eo,l
not hays done batter THU to hase Inspirs
flas priytsd; but tIs facts, .wlluii Invest
| EAtGtt WILL not boar out the deductions COT