The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-12-14
GOULD's STOCK SHORTAGE.
Another Black Friday his Only Saliva
ton From Loss OF Millions.
From. the Philadelphia Pres.

tion from Loss OF Millions.
From the PhiIadeIphia Presa
NKw YORK, Dec. 1.-THE money mar
ket is on the eve Of one Of the most exciting
episodes in the history of the street." said
George Crouch to day. Jay Gould, his son
George and their followers are away short
OF the market, and the point has been about
reached where they will begin to buy in
Everybody, of course, knows that this will
create sharp advance in stocks.
1T appears to me to be q duel between
the Gould and Vanderbilt forces. IL has
beel known for some time that there was
an unprecedented short interest In Amerl-
can stocks, and on settlement days. which oc-
cur fortnightly, the Lon don people have
naturally wondered and asked who the peo-
pie were on the bear side. which is only
natural with big firm carrying any
amount of stocks.
Now, why did Mr.. Gould, who has more
ready money than, perhaps. any man in
this country, look with favor on the great
export Of gold unless he desired to bear the
MARKET The heavy export caused no little
alarm on the street at the time, almost
Jos. 0OO, 900 being sent to Europe, of which
only about S37, 800 has been returned. To
be candid, it is believed by stockholders in
general that Mr.. Gould was largely re-
u
ut is we'll known that when Gould got a
controlling interest of the Union Pacific he
opposed Charles Prince Adams, who was
ousted, aud some say evidently tried to
throw the road into the hands Of a receiver.
but that Morgan and the Vanderbilrs took
charge of the floating debt for three years
and blocked the plan.
"When these facts are considered It will
be seen that the Gould people stand to lose
~ ,nr as.k h..
tors, however, are not making auy money
out Of the deal, but the investors, who buy
stock out and out, are the people who are
reaping the harv est. Some people say that
GOuld's only salvation will be some terrific
crssh such as Black Friday in which
event he can buy in his short interests at q
profit
"But thinkGould will emulate Napoleon
in certain sense. As long as Napoleon was
advancing with his army he carried every
thing before him, and the enemy fed; but
when he gave the order to retreat the Cor
sacks wheeled around and fastened his
steps,
Other brokers corroborated Mr.. Crouch,
the majority adding that there was no
clique or combination to down Gould, but
that it was the natural course of the mar
ket, and that Gould had placed himself in
the predcameut set forth, and would
PROBABLY pay the tous before he got
through.
One broker who was seen, but did not
wish to be quoted, said that he thought it
was more the followers of George Gould
and George himself that were sholt OF the
market and that the old gentleman natur-
ally had to back them up.
At Mr.. Goulds Office 1t was said that he
had not been downtown to-day. George
has gone to the country, and Eddie, who
was the only representative in the Office,
said that the people on the street were
famous for guessing, aud this time they had
guessed wrong.
Washington E. Conner had this to say
"There has been heavy short interest In
New York for over a year, but from all In
formation received from Europe there i:
none there know that there are a mum
Der of houses In the street that are large
borrowers Of stocks, but who they repre-
sent or who they are borrowing for is merely
guess-work."