The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1884-01-31
THE SHORTS SQUEEZED.
Gould Confines to Disciplip the Bears
of Wall Street.
lay Hspvy, vsnderbiIt tonpIacent,
and Stocks ON the U Grade.


the Baltimore and Ohio slegraph Com
psuy by the purchase the National
System from New York to nicago along the
lines OF the West Shore nd Nickel Plate
roads did not appear to I've anyanaucnce
on the Western Union and the stock
closed slightly higher an ON Monday
The report that the BaltAore and Ohio Is
about to be sold TO OF coolidated with the
Western Union, and appointment OF
Mr.. ID. II. Bates, rs prudent OF the Bal
timore and Ohio, and D purchase OF the
National line were butpreliminary steps in
the scheme of amalgatn, and were en-
pbsticaiiy denied by lr. Bates. DIR. Jay
Gould WAS asked whsfffect tue new move
Of the Baltimore auphio would have on
the Western UuIon. "None whatever
be replied; "tne Uncover the Nickel Plate
from Buffalo TO ChiGo has not paid ex'
penses. Besides, Understand that there
are legal proceeding affecting the title OF
the Nickel Plate liaIso that the Baltimore
aud Ohio get very hle for their money,
and the effect OF the Western Union
aLuOubts W hD5Olucy uVhuihS' "" sho
other hand, the Die on the "street' Is
that the westep Union Is no long.
err to enjoy monopoly OF telegraph
business. Not bniy has the Baltimore
sad Ohio enier.i into active competition
with IL, but tbs isnkers and merchants also
are engaged in extending its lines. Presi-
pent A. W linock Is absent from the city
negotiating With two or three railroad COM
panies forth. purchase OF their telegraph
franchises The amount paid for. tine ma
terisI wasSs00, 900, 800, 900 each for the
West Shore and Nickel Plate lines. 0fathe
amount pad for the West Shere line
large PAD was received by Receiver Green
Of the North River Construction company,
which owned most OF the stock. This
payma. will relieve the Construction
Comp,ny OF some OF It's immediate obl''
ga,ioni. The ''shorts" were given another
saucen by Jay Gould Tuesday, and high
er prizes we're the order OF the day. II Is
said thai Vanderbilt 10 q silent parter in the
syndicsse which relieved the 20. T." Of
Its embarrassment. The report Is that
Woerahofkr had almost concluded a SINH
lar arr snge usnt with the o. L. when Jay
Gould heard Ct 1t, and stepping 10 seized
the opportunit! to squeeze the bears. OF
course Woeris,offer denies the story.
1t Is stated Is among the possibilities that
Mr.. Could aud Mr.. Sage may enter the
Northern Pacific directory. the latter to
take The place vacated by Henry Willard.
Mr.. VANDERBILT FEELS VERY WELL.
Mr., W. Il. Vanderbilt was seen and ex.
pressed his views on the West Shore and
New York Central railroads.. He said:
The people of the West Shore are not 20
far up In the neck as they Will yet he. The
further they 60 on the worse they will be. -
He said there was no Truth whatever In the
report that he was coming 10 the rescue OF
the West Shore Road. EVERY word OF that
Is q iie,' be said. "Tbe New York Cent? al
would not have the West Shore Road at
any price. They don't want 1t. We
hsve as much as We can DO with
our own road. We have never refused
business, aud there Is no need for building
q parallel line. The West Shore people
know this. repeat what said the other
day, that the building OF that road was
merely black mailing scheme. II the men
who built II went into It, actually believing
thar there was necessity for 1t and that it
would prove q paying investment then they
are bigger fools than ! supposed. Our
four tracks through the state answer all
purpo ses. Besides that. neither the pres
ent West Shore managers or any other peo-
pie can take that road and earn the In teres,
on the bonds. have couversed with some
OF the best railroad men in
the country and they agree with
me that the West Shore road
will prove anything but a successful line.
Some two months since proposition was
made 10 our stockholders looking to the
transfer OF the West Shore line to US, which
we declined. None Of our stock holder.
favored the proposition. l do not know
whether the parties making the proposition
were authoriz ed to act or not, bat sup
pose they were" In regard to the PENN
sylvania people being desiIo Gus Of securing
control of the road, Mr.. Vanderbilt said the
reporter could rest assured that these cap.
italists were not going 10 invest money 10 0
not paying enterprise, and this the West
Shore would always remain. INSIDE OF
thirty days. he continued, "every one
will be
GRABBING STOCKS.
and full confidence will be restored. The
bottom has been reached and the rise will
be steady. My roads are paying, and all
this stuff about the country going to the
devil is nonsense. II prices have been too
high, God knows they have been reduced
low enough to satisfy the most conserva
tive man In the world" In conclusion
Mr.. Vanderbilt said that a mans bouds
we're to him like the apple.stand to the EN-.
bryo capitalist. He did not think legisIs.