The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-01-17
WALL STREET.
jay Gould's Movements-The Trunk Line
Settlement-The Coal mbination, &c.

Jay Gould's Movements-The Trunk Line
Settlement-The Coal Combination, &c.
NEW YORK, Jan. 16.-Wall street reports
state that Mr.. Gould will not return until Fri
day. His following are exercised and uneasy.
II is generally thought that he is buying stock.
Ii is reported that the delay in Mr.. Gould's
return grows out of negotiations in connection
with the Denver and Rio Grande and the At
Gibson, Topeka and Santa Fe Roads, bearing
upon a line to Mexico.
President Palmer of the Denver and Rio
Grand issues circular stating that that COM
psny neither owes money to the Mexican COM
panies nor do they owe the Denver any money.
The entire unfunded liabilities of the Denver
and Rio Grande Railway, including January
coupons and dividends and back coupons and
dividends not yet demanded, are 1924, 0l5,
against which the company has on hand, in
cash, authorized London exchanges and other
equivalent of cash, $1,000, 1865, or including
mail pay due by the United States Govern
nent to November 80, $2,229,S34. 1t owes no
money TO any bank, wherever situated, except
S125 900 to New York bank which bears
per nt.sinterest, and is due in April The
same bank has on deposit to-day nearly four
fold that amount to the credit of this company.
Besides the above cash and equivalent this
company has other resources amounting TO
IS, ,145 applicable to the completion of its
lines ION which a large amount of work has
already been done) and of which sum it is
estimated only 81, 927 300 will be required to
complete the Utan connection.
The trunk line Presidents meet in this city
this morning to sign an agreement for the set
Element of the railroad war. Parties very near
the different Presidents have been unable to
learn precisel, what is to be signed. They are
informed that it means, if signed, settlement
Of the trunk line difficulties for three or five
years. The report that the agreement provides
merely for an advisory commission is probably
not true The amount of stock lately bought by
insiders shows that something more than a
farce is contemplated. The theory that the
Pennsylvania and Baltimore and Ohio will be
allowed different rates and the New York Cen
trail and Erie compromising advantages on New
England business is received with favor in
certain circles.
II is intimated that action favorable to the
Western Union is likely to be taken in Con-
gress this winter. 1t is stated that Govern
mont officials have lately been buyers of the
stock.
Better foreign buying has been manifested
for several days. Some of the foreign houses
think there will soon spring up a great demand
abroad for American stocks and bonds.
The reported break up in the coal combina-
ton is unfounded. Matters have not been har-
monious for some time, but Mr.. Gowen succeed
cd on Saturday in adjusting difficulties and ar
ranging for suspension of mining six days this
month, and as many days as may be needed In
February. Orders to buy coal stocks for the
account of insiders which have been held in
allegiance for some time, were renewed Satur-
day afternoon.
Bull pools are said to be forming in nearly
ell the active stocks.