The Daily Astorian. [volume] (Astoria, Or.) 1876-1883, 1883-10-09

se-a 20 ~-N@-
Wall street community imagined
yesterday that they could see the
hand of Jay Gould reaching out
toward Oregon and Transconti-
mental and Northern Pacific stocks.
Ii was asserted by some Of Wizards
friends, with great positiveness,
that Gould held an important con-
ference with "Pnnce Henry" dur
ing the day, and that the momen-
tous question of what is to become
of the Northern Pacific had been
settled. Gould was reported to
have agreed to take hold with
Willard and boom the stocks bear
ing the latter;s name. 1t is said
that Gould and some of his friends
propose to furnish a sufficient
amount Of money to take care of
the Northern Pacific railroad COM
pany's floating debt, and to buy
up certain blocks OF stock which
have lately been rather gingerly
held by apprehensive capitalists.
Some of Gould's friends gave color
to these reports by saying that
both Gould and Sage had thought
favorable of Northern Pacific
stock, and it was quite possible
they would become interested in
those stocks.
"If Gould goes in with Willard" I"
exclaimed a sagacious broker, ''he
has satisfied himself that he can
make the combination pay him in
some way or other. Perhaps
he has come to the conclusion that
the only way to make a market of
his own favorite stocks is to start
a big bull movement in Wizards,
which many brokers think are
now ripe for just such a move
ment."
Little doubt was expressed on
the street as to the fact of the re-
ported conference between Willard
and Gould, and there was a strong
belief in many quarters that either
Gould or persons representing him
would enter the directory of the
Oregon and Transcontinental very
soon.
The World says: Frank
Works Office was the scene of an
other conference yesterday be-
tween Gould and Willard, and
Wall street was excited by the
news. Every broker had his
theory as to the nature of the con-
ference. The principals kept very
quiet in regard to the matter, and
soon after the meeting left the
street s. The general belief is that
the subject of the discussion was
the financial condition of the
Northern Pacific. 1t was an
nounced that while the details
could not be ascertained, the re-
suit of the meeting was a plan to
provide for the floating debt of the
Northern Pacific, Gould promising
to aid in accomplishing this result.
1t was also stated that Gould had
obtained a large interest in the
Oregon and Transcontinental, and
would enter the directory. The
effect of the operations, it was in.
tended, should be to impart
strength to the general market.
Sims, assistant vice president ci
the Northern Pacific, pronounced
absolutely absurd the reported
conference between Willard and
Gould. Another prominent official
of the company also expressed bis
belief in the report, but said Vii.
lard alone could speak on the mat.
ter. Sims said that traffic on the
Northern Pacific, since the open.
ing of the completed road, had ex.
ceeded their expectations. Theil
gross earnings during Septembel
amounted to $1,210,OOO, an in
crease Of S437,162 2S over Sep
tember, 1882. The passengel
traffic, he said, had been very
large.
The recent depression in Vii
lard stocks, it is said on tht
streets, has entailed heavy losses
to many of its capitalists. On,
promin ent operator, who mad,
his fortune in mining stocks, i.