New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-05
DAY OF RUMORS And DENIALS
WALL STREETS THEORIES OF BIO STOCK AD-
vAYCEs-MR. GOULD on WESTERN UNION
THE COAL COMBINATION.

WALL STREETS THEORIES OF BIO STOCK AD-
vAvcEs-MR GOULD on WESTERN UNION
THE COAL COMBINATION.
Wall Street was treated to stock specula-
ton OF decided Yesterday and set to won
derina At m aivancs OF over per cent in New-York
and New-England. OF per cant In western Union anu
over IN Manhattan Consolidated There were no new
in the scheme for the of the lead
ing w-Eng aud railroads, but 1t - expecteu '"a'
meeting OF the principal persons In interest WI" oo "
this week. at which progress VIII prooaoS Se '""o
toward uerfectne tho details OF the plan. some persons
claim TO know that the result VIII be equ'"en' W
per cent rate OF dviien On the stock some uauer'
insisted ON dsvisinx another explanation involving
consolidation OF tue New England road with the New
York City and Northern and the Elevated rai'ro'ds
Vice President Galloway sat down ard ON this theory
in the following declaration:
There h MOI one word Of the report the Stock
Exchange that the Manhattan Railway Sompany II gong 10
or merge s np or with he and
New England Railroad Company or either ana these elts
director o. the Manhattan Railway Company who is in
Company
To account for the buoyancy OF western Union there
was OF Stories taking various shapes, OF union OF
the telegraph companies or prospective advances In
land and cable rates. OF rumor Dr. Norvn Green
president OF Western Union Company, said "Thete
Is not shadow In the report that John Fender
has bought Baltimore and Ohio There have been no
suggestions. limitations or nego atons looking TO an
advance rates cable land lines or to any conso
dation OF interests"
JAY Gould denied that the runors OF union or peace
had any foundation He said that he knew nothing OF
any contest for the control the company the next
election. 81 don't know" he sad with smile, ''that
would Object much 81 they did out. But
have sold none of my stock | hold Just the same
that held on January l. neither more nor less
hsve IN the street AMI devote what time
give TO business TO the three properties that inter-
ested n--wesiern Union, Missouri PacIh and Manhat-
tan. Western Union stock might well advance on It's
inertia We Improved the property and VIII soon
have excellent UNDERGROUND system. we had III
tended to make New Years present to the city on
next January OF system that would not have 10 a
10 IN the streets II We hal rot been obstrnc ed We
tnrd-st and through that street two It
splenddy AMI with the cables along the elevated
roads there would have been perfect system without
Rates are satisfactory" continued Mr. G'nld.
OF the Increased business, AMI have
no intention OF advancing IaLd tariffs until we
the low rates far test am glad OF The
opposion. Ii was great education Tor us, as before
could do nusiness | hope all the competing lines will
continue do business" In conclusion Mr. Goul" sald'
that the railroads nave all business they do
Russell sage denied the report That Erastus Wlman
soliciting proxies for use AGAINST the present man
agement at the coming election
A. one time coal sunerei severe depr's
Of OF Governor Pattson, OF
Pennsylvania against the coal con Dlnatloh ana ihe
trunk line pool But was suggested mat the 50 called
combination only ayr rinent among grnte-
neo anu 49,, AZ w. q. o ma Drmorratic candidate
who wants succeed MIN there was SHARP recovery
III prices Coal III generally declare that they
fave one nothing conflict win Pennsylvania LAWS
or constitutions but only eudravored To Ket renunera-
tive pr their product. samuel slOin' president
OF the Delaware. Lackawanna AMI western htNroa'
quoted As follows:
am surprised intelligent man ike Governor Pat
tson shout inter the uzcns OF tr tate who are
euleavnrug rcmuutrttlNe prices the mineral
ol when he expects the
that have done any iing wrong
r.h- and don't see that rates ny
the pool the coal companies are eXofbant
Rates very mod
crate for tran. poriauOn and for coal
BALTIMORE. oct 4 (Sp ciab.-Ths report circulated
In financial circles lay that tne Baltimore and ONO
Telegraph ha Deen sold Pender caused President
Garrett to be beseiged b. callers He denied emphat
ically that any such deal IN contemplation and IN
tmaied that the Baltimore and ONO wouli continue 10
extend its lines and become more formidable rival
than ever 10 Western Union. Whie the rumOr was In
circulation a timore ohio Railroad STOCK advanced
from ia 10 10, Tor time there was great excite
tnrnt on Change. II believed the advance was
caused by the reported sale Of the telegraph company,
mill later it rrpprtei that the boom was the out
come statement mat the Baltimore and ONO Kali
roAn Company would declare instead OF a per
cent dividend.