The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-01-25
THE GREAT BULL.
JAY GOULD a,vfs HIS OWN VIEWS
Va tbs Prssest Condition Of the stock aaikst
lie Thinks Prices Have Gesn Forced Doua u
10 Too Lau-GradaAt AdvAnes Frsdtet,d. +,
folitici and Steeks-Other Notes.

, New foRx, january 4.-Tho great con.
, fllct between tho bear party aud Mr.. Gould
still goes on with much vigor. There Is
, nothing Sensational about Nj. Gould or bis
plans. He simply believes that prices have
| beon forced down too low, and that little
delibera.ion will convince traders Of the
iscs The market Is largely oversold. but
there Is as yet no concerted movement 10
squeezs tho shorts suddenly. Mr.. Gould
knows TINT Is not the way to advance
prices, although some Of his friends think
he should start out In that way. 1t Is ap-
parent that his idea Ia to 70 forward slowly
and to convince people that there Ia value
and money In stocks and to manipulate
the market 30 as not 10 scare ont all the
shorts a. once. This course Ia undoubtedly
the wise ono and 1t will impress people
that he is In earnest. I. is believed tnat
be ownB at least thirty millions OF Western
Union, and 1t Ia kaown that he has large
Quantities OF other stocks like Union and
Missouri Pacific.
| TIE r1rroM REACHED.
Mr.. Gould talks freely about tho market, |
and expresses strong belief that the bot.
tom has been reached. He eayf:
"The stock market has declined yesy
heavily, and good dividend paying stocks
and good bonds are now just ss much be.
low their actual value as they were above
1t during the wild speculation year or
two ago. They have reached prices where
shrewd moneyed men are buying them
and taking them from the street. This will
soon tell on prices, |. is not at allstranRe
that confidence should have been shaken
BY the failure OF new schemes which has
recently taken place. But people ost their
heads and ior time sold good Is well as
bad stocks iadiscrimina:clF."
"The general business OF. tho country"
continued Mr. Gould, "is looking well as
whole. Everybody is conservative and is
economizlDg, and the country Is go!tinS
rich.n
"How is it tina. tho bear room traders are
able to knock prices eo?''
THE facilities for epecula!ing on the
short side are 30 great that it takes little or
no capital. Stocks to-day are 30 oversold
that they are practically cornesed."
What stocka do you consider in that po-
B;tion?"
WESTERN UNION sTock. /
"Well, Union Pacific, Western Union,
St. Paul, Louisville and Nashville, Like
Shore and New York Central, Michigan
Central has been worth percent day.
/ thiak Western Union is about the best
Thermometer OF the general business Of
corporations in this country. 1t reaches
every hamlet in the United States, and lis
receipts reflect the state OF general busi
ness. Now, here IS the report OF tha; busi.
ness from 400 Offices scattered all ever tho
country, for the last week. It is made out
weekly, and these offices are called our
teet Offices. This report shows that the
business done for theIast week wss SlG9,.
75S, same week |ast year, si55. 5.679, SHOW.
ing an increase Of Slt.074." ',
Another little report Ibave here further
illustrates the fact that confidence is grow
| ing. The Union Pacific stock standing in
brokers' names on January WAS G.. 900
shares; at the close Of business lant Saiur.
day it was $1,000 shares, showing that TO-
GOO shares had gone into investments IN
nineteen days. Between January aud 10
4l4l shares VI Western Union went from
the street into brokeE,' hands, and the
number Of stockholders increased from
2,0S3 to 2,9l0. These reports show that the
certificates Ct these two companies are
going into the hands oi inves:ers ut the
rate Of $40 0o0. COO day."
THE FUTURE or THE MAREEr,
"What are your expectations in refer.
ence 10 stocks, since you refuse TO prophecy
as to their courss?". It
" look for gtea! advance in sill good
stocks between this aud July. L,w.priced
stocks will 80 up with the rest. I bought
Chicago and Northwestern at Il once, The
Same price that Wabash common Is selling
ior, and in eighteen taonths it was away
above par. History repeats ITSELF"
"What effect will the Presidential elec.
tion have on stocks?"
1T will help telegraph, and ! don't
think it will serioutly interfere with buzz.
ness" , NJ
mot even the tariff t,iRcnssion?" l.
II don't believe Congress will do much
until after the Presidential election. Neither
parry will want to experiment with the
prosperity Of the country while an election
is pending" Nd.
"Do you think there is any danger OF tho
United States losing i!s whea: tradc?" |,
Foreign countries are producing mora
wheat every year, and it will materially
hurt us.. Wheat is delicate crop, at best.
l would not care to put money in wheat.
carrying road, that is, road which de.
pended entirely on that business. It is
entirely different with corn" Il