New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-22
GIVING the LIE 70 RUMoR.
TALKS WITH MR.. JEwETr AND JAY GOULD.

TEIE To PAY ITS JUNE INTEREsT-MR. GOULD Buy
ING sTOCKS-wESTERN UNIONS PROSPERITY.
MANY rumorS about the business and the financial
condition Of the New York Lake Erie and Western
Railroad Company have been circulated in Wall
Street recently Ii has been reported that the conf
panys notes. amounting 10 a large sum. were being
hawked about the street; that the road was not
earning is fixed CHARGES asd that il could not pos
sbly pay it, June interest. The price OF Ere STOCK
has fale1 heavily in consequence Of these reports
President Jcwett asked by TRIBUNE reporter
yesterday as 10 the financial condition OF the com
pany He replied:
know nothing Of the stories circulated n Wal street
nothing about them am ENGAGED IN looking Atcr
the road and attend 10 the affairs
OF persons likely be uhue "od uy speculative rulnors
HPcope viii see their property -acuhced I'm ma way
Csnnoi relieve them DO think that there ought I" he
more stringent law against the circulation OF such
rum6> False do not affect me or nuIt the com
Pany, bat they may ruin ilmid si0c ao.d"rS - ~.
Tho Ere road i doing large business and IN no wN IS
emhsrss>ed The net earnings arr not rs large PERHAPS
owing the low rates ION freight. II Te we're dohS
largy is the condition OF tic company is rn!ly as
good a. II Wa year ago ana II the AIhS- kTb ~ oT
The reduction In operating fuy equal 20 the
falling OF IN earnings and think that II viii e1ceedthe
As to the June Interest can Only say that viii ne
paid When il is due The company Will meet its interest
and n obligations, and matters VIII have 10 Dc
than they ROW to rcy'ut oar paying
OF the road once month. and beI ono those reports
e a
Therc aJt slightest doubt of tho payment OF the
june Iteest, and 10 the rumor that the company
paper ang around tho stree have denied IL several
times already Tho company has not dollars worth OF
paper out
MIR. GOULD NOT SIZZLING OFT.
Wall street has also beeu disturbed with Ulmors
affecting Western Union, and reports that Jay
Gould was selling stocks. MI Could Was seen a.
tho Western Union main office by a TRIBUNE re-
porter, aal asked regarding them lie replied:
There s M truth IN ne -tp haV q
sold slock-. but have been buyer | honaht stocks
chasss I nsdo today~11'oO0 shares Of western
Union sold to inc Al =, 6o Isat Is Is snort II,
are selling. they are buying AL TOE time Ire CANNES
OF test offices Of he We-t'rn Union, which cover
Edi the system, show steady gatD. Not only
is there Gain earnings. nut il investors also. Hcre
aro tie transfers IN the last tIco weeks since Tie books
opened. l33l IA the hrst week 2-bi ID me Sc2'd ana
B5l ia the third total OF 4.e46 s!1lr>. AT. fI- went
Investors There are now @1s.slSO.0 Western Union
stock bed v investors The Iumoeroi ,tor6noder, La>
gain O $1,000 tor ,nc week ended on Apr IA over
thsSame week last wear. This ElHw7 that the -'n'r.
ali over De country. too aui that hal hodty-Goot
FRIDAY which nd not occuI la tho corresponding week
Wab, - doing fairly wei of course the low f-c -'
rates Eat ara bla for IT, Ru. le rates w.. o., C4,Ieo
disturbing element ont tarre - 1e territorial d.oI'.
between lBc Union Pauac ana the Cics-o. 'rruston
aud Quincg. Their business maJic. agc well understood
the only tng renfinln2 .s tLe question of ia' con-
strncUou of branch lines Ne..as.. a. ID O. thua is
No tlc ""edrt' ll nelr raids las" A'd 40 lsiahr~
done much ulu tine last day % two on account o. 300,
able 10 me 0ur suutr5ntcnd.rt. . ina, ire farmers
are thirty days ahead Of last year n tne plant re 90. t-.
has as Inc best show / Ia, had u year Ilare
T. very large p'Irat'n s""5 on a.
Pscrc aud The kansas Pacrc are simply immense they
IAr-cr Liam they have ever been. The country - III
in up VIII industrious people aad what they Ilofuec
There Is another thing. The trunk ,re troubles are
o