Evening star. [volume] (Washington, D.C.) 1854-1972, 1885-10-05

CONFIDENCE In THE PRESENT BULL MOVE.
MENT.
Henry Clews & Co.'S financial circular of Sat.
urday says: BY far the most significant event
OF the week was the suspension Friday last Of
two parties prominently connected with the
short side of the stock market, making three
bear failures within a fortnight. Premonitions
of trouble in the bear camp having been evil
surprise except TO the general public. AS to
their effect upon Wall street ultimately, the re-
suit will be beneficial i'm placing a wholesome
check upon reckless bear speculations and ne
storing confidence among a class of investors
and operators who have thus far held aloof
simply through fear OF professional wreckers.
Natural causes will assert themselves, I'm spite
of the ceverest and most thoroughly laid plans
and those refusing TO recognize the new condi.
lions and seeking to stem the rising tide must
now reap the consequences of mistaken judg.
ment These failures demonstrate the genuine
ment, and fully confirm our pre- dictions of the
past three months. The unfortunate operators
have have fought the advance in prices ever
and Others with them resorted 10 every
conceivable means OF breaking the cur.
rent, 1t has broken them instead, thus showing
its power and permanency. For the past four
years all the failures i'm the 'street' have come
from depreciation of values; hence in the bull
ranks; and now in turn the bears are being
gored, failing one after another. owing TO the
return of prosperity which they have struggled
market, and in the end drop their iIi-eotten
gains, these instances being no exception.
Trunk line affairs still continue the most i'm
portant factor i'm the future course OF stocks
Two conferences between the various presi-
dents have already been held, and while no
positive results have yet been reached ON east-
bound traffic-nor can such be expected Inn
mediately I'm questions 30 complicated
yet sincere desire for harmony
parent, and unquestionably the foundation
has been laid for an early restoration of rates
dispute. The Observation-Disclosures which exists
between the Vanderbilt and Pennsylvania in
terests, as Well as the willingness ofother lines
alions, all tend TO overc ONE the remaining OPP
position of the one or two smaller systems;
while another point that should not be over
looked is, that undue Importance seems TO be
attached to through traffic, especially on the
eastern trunk lines, whose principal business 10
I'm business would be felt with much better
effect As matters now stand, the adverse
pletely into the background. The crop situation
cannot be regarded so bad as at first repre-
sented while large stocks OF wheat are waiting
20 come forward. and the immense corn crop
will soon 10 much towards compromising for
any possible deficiency i'm this respect. In the
business world, a continued Improvement can
be noticed. Dry goods, iron, and certain lines
Of groceries, have each been going into con.
sumption with greater rapidity than for several
all of the merchandise markets
are i'm a healthier state than at any period since
likely TO remain so during the remainder of the
year. Gold is also coming this way more freely,
over 81 300, 900 arriving within the past week;
and apart from the silver question, which seems
likely TO be satisfactorily adjusted, there ~
nothing to cloud the financial horizon.
An Assistant Postmaster AbscOu1s.
HIS LAST OFFICIAL ACT TO FORGE THE POST.
MASTERS NAME TO FIFTY MONEY ORDERS.
Assistant Postmaster w. r. Jackson, Of
Georgia, has absconded. For some
time the personal habits OF jackson have inter
tered with the faithful performance Of his
duties. On Thursday Postmaster Black dis.
charged him. jackson was to make up the
night mail as his last official act. Next morning
J. c. Mathews, an attache OF the office, found .
post Office order on Mobile for 500. properly
dlied out with Postmaster Blacks name signed
all in Jackson's hand writing. An examination
showed that fifty orders had been torn from the
back Of the order book. Fifty postal notes were
also missing. The wires were put 20 work %
prevent the payment Of FRAUDULENT orders and
10 effect JacksOns arrest IL 10 learned that his