OCR Text |
Show A writer in the New York Sun accounts for the rise in railroad stock since the great strike by the fact that Jay Gould and Jim Kuene combined to bull the market. They succeeded in advancing the quotations of all stocks to a point higher than tbey were before the strike. Subsequently, as related in our dispatches, occurred the street melee, in which Selover knocked Gculd down and threw him into an area way. Kecuehad charged i Gould with violating an agreement; and selling short, while his partners were e till operating for a rise. Yet, adda the Sun writer, "two of the great trunk lines are not far away from receiverships, aud Xew York Central is selling at 95 when it does not earn its dividends. Lake Shore is largely behindhand, and the North-; western roads cannot make enough by the coming harvest to wipe out their losses for the past year." i |