New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-10
COULD STOCKS GO UPWARD.
WESTERN UNION HAS THE LEADERSHIP
MANY RUMoRs IN WALL srREET-ALL OF THE"

MANY RUMoRS IN WALL srrREET-ALL OF THE"
The stock market yesterday WIS distinguished
hv n motoriol advance in the price OF the pro)er-
Tics that are Identified with the Gould name Vne
leadership wac attained by Western Union Ieiegfph
stock and the rise Of than per cent oa''cu
the circulation OF many rumors respecuhe i'p''u-
Ing changes In the Gould properties 'heSc o'o'es
took different forms. but all OF them were ueheu
by associates of the dead capitalist ana ~ n'eNi
Morgan & Co.. whose name was connected WITH
coma y, tho ronorts concerning changes In the mn
oremcnr OF western Union. II was cmpnaucsly
denied that there would be any change III he NJ
lotions OF George ]. Gould to the "csocfh ohph
property but the question as TO VINO snail DO choS'h
IN succeed Jay Gould as director is understood
10 bo undecided The quarterly meeting OF tie
hoord os directors will be held next WEDNESDAY.
One Of the Wall Street stories yesterday ASSERTED
,ho, George T. Gould had been comforting with J..
ru.rnort Norran Mr.. Gould did spend ten Or
fifteen minutes at the Office OF Drexei, morgan
m but the conference was held In the outT
office open TO public view and possessed no impoT-
ant significance.
wellinformed persons in Wall Street asserted
that there had been some Investment oWlng q
Western Union yesterday a scale OF some I'M
portnnce. II was declared to be due to no ne"
development in the property, but to realization
OF the interest yielding value Of the stock at cur
rent prices 1t may not bc impossible that Drexei
Morgan &c Co. may have accumulated some s'och
for clients. The Morgan Vanderbilt interest Is al
ready known to be large. But even II 1t were &C.
sired by many OF the large stockholders, ~ "ould
be diffcult 10 disturb the Gould control III Is
understood on the best authority that jay Gourl
died possessed Of about $22 100000 par value OF
Western Union not $40 100000 as Typographical
error made The Tribune say yesterday. The totid
holdings OF the Gould family Will reach S2o,OOoooo'
or onequarter Of the increased capitalization OF Sloo
OOOOOo 1t Is evident that such an Interest with us
Affiliations Will not easily be overcome. AS matter
OF fact those persons who best Informed on the
subject declare that there will be no attempt to
reduce the influence OF George J. Gould In the
management although there may be gradual In
crease In the outside interests In the property The
continuance Of speculative urOre In the stock would
not be conducive to any quiet accumulation which
might be desired
1t is not deemed at all probable that any charge IN
the direction OF Manhattan Elevated IS now con-
templatcd. In this property Jay Gould Is known TO
have held 100 900 shares In his own name. and MS
actual holdings are said 10 have been larger. VI
Missouri Pacific he held 900 shares In his own
name and Il IS asserted excellent authority that
no was buying more stock just before his death
The closest estimate that be made OF his wealth.
Is SUl 400 100000 bis this includes real estate
which is subject to the state Inheritance TAX ~
coud not be learned yesterday that any decision had
lcen reached as 10 where the Will wOult be probaed
The question need not be- settled for long time, ana
it is not likely that it will be.