New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-30
NEWS md GOSSIP IN WALL STREET.

less EXCITEMENT THAN on MoNDAY-MR' VAN
prrRuT DENIES A RUMoR ABOUT WEST SHORE.
While the business at the Stock Exchange was
somewhat larger yesterday than on Monday tue
dealings were attended with much less excitement
The recorded transactions in the Willard STOCKS,
which have led the upward movement ahhouh'eu
"a SIS 7s5 against 1553Sl shares OH the previous
dav But the strength of these stocks was SHOWN
nv steady advance, which was interrupted only III
Tho last hour of business. Oregon Railway ana
NAVIGATION. which closed on Monday at 9214, again
rose 70 100 regular and 102 cash, but at the close
IL fell to 90. Oregon and lranscontlhehtal'
,rbich was the most active OF Vhe
willard stocks, opened Il higher at
90 and further advanced to "a, closing at %;
and Northern Pacific preferred after selling at
asa. closed at its opening price-47's--an advance
of only l. from thelast price on Monday.
Greater strength aud activity were exhibited by
come of the other leading stocks. Lackawanna
rose TO 1909, and at 1873 was per cent higher
.ban oo Monday St. Paul was the next most active
stock and after 900s closed s per cent higher at
90 and Union Pacific closed % higher az TIA
While there was at times difference OF ana per
cent between cash and regular stock IN the price
of Oregon Railway and Navigation, and OF IS 10 2
of | per cent in that of Northern racine
preferred. there was no attempt made 10 squeeze
The short" interest and there were no purchases OF
non-delivery of stocks.
Early in the day it was reported by the wan
Street gossips that William II. Vanderbilt nau
made an offer for the control of the New'lor WeS'
shore and Buffalo Railway. 1t was said That ne
had agreed if he could have majority OF livestock
and if the bondholders would consent to the plah
- my the floating debt of the company aud 10
;sepc in Mace of the $50, 100000 first mortgage
Londs SOB 600 900 new bonds guaranteed o0 On tu'
New-YoTk Central Railroad and PZJ,VU1'uoV Pic-
{rr.d stcck 10 be placed in his hands as
trustee The North River CONSTRUCTION CoiIPnnS,
whic built the West Shore road, NOUS lIp!o nun
y half of the stock and when 1t was placer III re-
ceiyerS hands recently, IL was sau w 80 Tho
that The purpose of the action was 10 preserve 'i
Cnmpony's control OF the West Shore loau' IL
III Vanderbilt denied that there was any 'TuSh
j.; tt street rumor lie said that the control oil the
West Shore had been offered nlm lew iio Wini"y
president of the North River Construction OoIn-
nany. when asked about the report, r.
rrIird that he had not before heaId Oh IT,
mud that so far las he knew there 9ad Dceh
nn negotiations tcndng in that direction.
IN n1 iIns tbaf > General WiuslOW remarked, There
i ~ sfatntc in this state which forbids railroad
co,nn1ny TO issue preferred stock. ! thlnK Ihal
1vould he an objection 10 the reported pan.
~ arbitration committee recently appolnted 70
adimsl the accounts of the North River COnstrnc-
ton Company and the West SHORE talIW1y In
pany will hold its first meeting to-udy. ~ 10 Nv,
tnn(yn when the report will be completed, OuI an
"6icer of the former company said Yesterday tnal
he did not think il wOud take long tllle loI INC
1rhitrators to reach conclusion statements VI
The accounts have been prepared Tor tue use Vi 'e
IN Trgtrd TO the acquisition of the National Iele-
oranL lines by the Baltimore and ONO leIeeraph
Eompanv JAY Gould said yesterday that the cIaHEc
would not affect In any way me business VI ~
Western Union Company which was constantly H.