The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-19
RUMORS ABOUT JAY GOULD.
The Great Spectator Said 70 Be Heavy
Loser by the General Shrinkage.

new 1 OfR Special.
1t was said to-day on the street that Gould is
hurt When asked how, prominent bear said:
''Everybody's hurt that can't stand from under
when house is falling When he is selling
Western Union Ut panic prices-Western Union
that he was to key up to 100 and then put pegs in
it-you may swear he's hurt"
"How hard?7
Anywhere from $40 000009 to $40, eco, 600
Mark my words, and see whether he goes yacht
ing or goes kiting first, was the reply.
The same gentleman then went ON to say:
THAT the general shrinkage of values Wall
street has hurt Mr., Gould is, of course, self
evident While his losses have been heavier
than those of others in the proportion of his
wealth. so largely invested in railroad securi-
ties his immense capital has heretofore saved
him from any forced sacrifices Very lately.
however reports have been current on Wall
street that even the great leader was pinched
Tor ready money, and must dispose of part of
his burden. His bolstering of Union Pacific
was regarded as a move to advance the price q
few points preparatory to unloading. and the
moment sign of this was discovered that stock
began to break. His anxiety to sell was not con
hned to this property by any means To sup
port Wabash and the Southwesterns. Lackawan-
ma, and other securities in which he was inter
For two days past the street has been agitated
over the question; rs Mr.. Gould selling West
ern Union9"
ut was said that he found himself compelled
to dispose of large part of his holding, and was
as quietly as possible distributing it. The steady
offering of long stock continued, and its price
which had been 76 IL less than a week ago,
touched II i-2 to-day-a remarkable decline for
Western Union. and lower figure than it has
reached for years. And all this occurred while
Ee was trying to advance it"
Jay Goulds condition was on the lips of every
one at the Windsor this evening. "Gould was
on the street. today looking wretched." said
man from Exchange Place. To-day he went
IN to make big rally in Western Union, which
broke lower than since the consolidation with the
Mutual"
Have any loans been called on him of any i'm
portancel"
y es, big loan was called on him last night
and he tried to fix up Western Union to protect
his loans"
Has he appeared in any way affectedl
He was in a regular fright all day. He went
down 10 the Delaware, Lackawanna g. Western
Office and urged upon Sam Sloan to go into the
pool for the benefit to be derived from his pres
tige," roo
DO you think Mr.. Gould will be able to stand
the btrlen2"
Gle will have to sell out People are losing
confidence in him. too. Gould has q million
shares of stock and over. He has 500 900 shares
of Western Union 1901 900 shares of Wabash,
and he is borrowing money on Wabash pre-
ferred. By his own admissions he has 1G0, GOO of
Missouri Pacific. You can put it down that
Gould is in a hole or he wouldn't be on the street
working so hard"
"Nhat viii be the probable result of Gould's
embarrassment
"It is a question how long he can keep the
banks and loan and trust companies from calling
loans on him He viii be able to tide along for
some time, as it is dangerous to call loans at
present on account of the state of the market,
but they VIII have to be called"