New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-11
FJJTUFE OF GOULD STOCKS.
REMARKABLE ADVANCE
THEORIES ABOUT THE BOOMERS" IN PRICES

CHANGES THAT ARE POSSIBLE.
The Shot session of the Stock Exchange on
coturd,v usually marked by duness in the
.tock maret. but Yesterday the two hours al
otted to hsiness were distinguished by reinarka-
BILE activt in dealings and by the continued prohi-
hence of he stocks which have been ldehuhed
with the ume of Jay Gould. The over-shadowlhS
feature WIS Western Union TIE egraph stock, IN
which lare tranactions carried the price up more
than a pc cent on top Of an advance oil over d
n.r can't Friday As the stock is now selling
aex~ the dividend Of 10 per cent In STOCK the
curnent frures represent l0Galo7. Manhattan
Elevated also rose over and Missouri Pacific
Gained mre than per cent The general mar
10. ss,t 70 influence Of these movements and rose
smartly sympathy.
Tho awance in Western Union bred numerous
,rrnors II in line with the theory explained i'll
ros,e,da's Tribune. II could not be learned that
~ nectiations were under way TO effect an I'M
rood,ate .hange in the condition of Western Union
yo+urav the rumors took for one subject the po-
a,,;on the 10000 shares of stock held by the
pal,imre and Ohio Railroad Company Tho
....us = that stock is therefore matter OF in
.orest The stock was acquired by the Baltimore
o,o Railroad when the telegraph system of
.ho, ,ad WAS sold to the Western Union a few
,,oors ,ro The financial necessities OF the Bal
.inor and Ohio compelled the company to- rely
mon )rexel Morgan & Co. for the means TO carry
4. forts have been made at times to compel
,ba abroad company to dispose OF the telegraph
stoo. but the managers chung to 1t as valuable
oS.~' NOT 70 be surrendered whep tie stock was
selling IS points below par. The Baltimore and
ono managers. under President Charles F. Mayer.
srceelcd in efecting rehabilitation OF the
6ances of the company and We're able to take up
~bo bol1 nv DrpNpl Morgan O.
" having of the loan made by that firm. 1t is
nderstood on good authority that this stock has
,cen an unencumbered asset in the treasury of the
Ro Limore and Ohio for more than year, and Mr..
MAYER has repeatedly declared that he did not
wish TO sell it, There is reason TO believe that
President Mayer has changed his views in this re-
gard.
Il is this telegraph stock held By the Baltimore
and Ohio which would afford the quickest means
for a syndicate of capitalists 20 obtain control
of a sufficient amount of Western Union 10 make
it an object for English capitalists 70 secure
listing of the property on the London Stock En-
change, or for combination hostile to George j.
Gould to secure absolute domination in the policy
of the Western Union There is no reason, how
ever to suppose that any revolution in the man
aQcment of Western Union is contemplated. Jay
Gould had not held absolute control of the COM
pany for at least five years before his death
His friends say that at no time was he an az
gressive manager who defed the wishes or opinions
Of hi, fellow-directors. In the lifetime OF en-
Governor Morgan Mr.. Gould leaned largely upon
the advice of the Ex-Governor. In recent years
he was retiring in his attitude the largest stock
holder, and in no manner justified the popular
preiudces which sometimes attached themselves
to the companies with which he identified.
LII HOT. larT N
desires to effect any reduction of the influence
of George J. Gould as his fathers successor as a
manager thoroughly acquainted with the details
Of the company's affairs, and the head of
family intercs, directly holding S2j, O00. 900 stock,
or one-quarter of the whole amount.
But il is believed by well-iniOrmpl persons that
moro prominence in the matter Of sentiment will
be drawn to the Western Union property by the
management as it exists without jay Goulds |
overshadowing personality. Some who feel
that injustice was done to Mr.. Gould by the
popular attitude, nevertheless admit that in
vestOrs may benefit by the more frequent associa-
ton of the name If MorVar or Vanderbilt with
the property hereafter. investments from that
source are generally expected to increase and II
is an interesting question whether the plan OF
listing Western Union the London Stock EX-
chance NAV not now become practicable. lie
launching of Western Union abroad has been pre-
vented on several occasions by the inability OF
English capitalists TO enough stock TO war
rant their taking an interest in the development
and COMMUNICATION of the property. The din
Guilty in this regard can hardly be overcome Dy
the purchase of the stool, held by the Baltimore
and Ohio, rs the management OF that company
is not believed to he wIllirg to sell It's ASSET AT
current prices, but il might be remover IN case
il should prove that the recent heavy lnVcS 'heiit
of Western
account of a foreign Interest
With regarl 20 Manhattan Elevated the ac-
ourement of control might be accomplished more
readily than in the case Of Western Union. Jay
Gould held about third interest IN IN" STOCK OF
the Elevated Company but the Morgan Nahoer-
bt interest he's been of more importance as d |
sharer in the ownership than has generally been |
The value Of the property and franchlse
has also been more attractive t. capitalists tnah
even those of Western Inion me dutuI rec OF bae
an absolute Gould control in tha' property and IT'S
value has not been known TO large outside interests
t. the San same as The r' confidence Of JAY
Gould in Missouri Pacific was extraordinary, ana
il is known that he was buying the stock before
his death. The suspension Of dividends IN
September Ser lsai, has left the company free TO
devote it's energies TO paying of the floating debt
The realization Of harmoniouS policy IN me
system of railroads Is not an I'M
death of Mr. Could and the institution Of closer
alliance letwecn his estate and financial interests
that have not here OfOre been In cordial relations
SUPERINTENDENT BYRNFS WILL NOT TELL.
Superintendent Byrnes yesterday refused 10 tel
why DR.. Mum visited him OF Friday evening. lie
Jailed TO find him at Police headquarters, but
saw him later at his house. Dr. Mum and Mr..
Byrnes have been consulted by the members Of the
Goud family often, and the conference between the
two men suggested that the services Of the supcrln-
endent might have been requested in some business
Il importance to the family. Mr.. Byrnes said yes
erday that tie business about which Dr.. Mum had
onsulted with him OF a private character and
sould not interest the public.