New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-01
ping point, but in isolated cases the demand 10 insult.


At the Stock exchanges II was dull week ia the spec.
nl.tonwa week Of bear" efforts with comparatively
I'VE situation We must notice the unusual demand aud
sGyance II lures for Government bonds. The per
CtAtS sou up 10 l2t'o; the highest price ever
December 1881 he lbs sold up to- I14 seainst lis
life now they s9d mp TO about 1is They NATURE UISs
III and therefore have only i've years longer % run,
from 1904 to 1Ol. The currency o, also demand
~ shef dds Another Illustration OF the eagerness
OF me week Messrs Vermilye & Co. bought out
$4.2oO'OoO OF Illinois Central Railroad first mortgage
80 per cent bonds az par and accrued interests the de-
mana was 80 great that before the close the first day
There was some Stacking in the demand for bonds of
speculative Character at the Stock Exchags because OF
tho unfayordble Influences brought to boar against the
share market. but the general temper that market
ruled steady to firm To to the share speculaon
reports and there not
particle OF news given outdurng the week. Wall Streets
news bureaus had railway and steamship rehashed
dozen times day. Mr.. Go0sn was made disturber
Of values-not very faterng To hlm-by putting him
top and the crusher of the parties striving to eorgnze
the Reading Railroad on bash, that shall have more re-
gard to it, earning capacity during this century Instead
of It's possibilities bur not probabilities, during the
twentieth century. The result has been an unettled
and contracted specu aon with final changes in which
the few hnal advances greater than the many small
declines At the risk OF being tedious bat TO make con
neced narration, must back TO the speculation in
and Western from below 100 to 135. Soon after this
movement began IL began to be whispered that syn
dictate had been formed to reorganIze Readng The
greater part or the advance above 10 Tor Draware
Lackawanna and Western was bas'd upon story That
the Reading syndicate buying IL with the intention
OF making gigantic coal combination winch should
hold control of the anthracite mines OF Prnnsyvani
There is not and there never has been particle OF evil
dence OF intent to sttempt to do such a thing nor
That the syndicate ever purchased "a share
of either OF the Deawares the story had Its effect
however and tho cu,ls sold ont at a handsome pr lit
and probably went short gilmore or less Of the stock
Under their sales the price declined to about lbs on
Friday, February 10. Suddenly on Saturday. February
30 the sale ofthe Vanderbilt Reading shares to Mr.
Gowen was announced AID the Interpretation given to
tho transaction that 1t tn defeat Of the Reading
syndicate. As the Delaware had been advanced upon
hn n lDst,u
ware. Lckawana and Western Tuesday the first
day of last week. down to 12Il2 and IL probably would
have gore much lower II the old clique had stopped
it by their repurchasng orders On Wednesday norm
ing we printed the following There Is much nvstery
the persons have come to the AID Of Mr. Cow
shares-Or that 10 all there IL any evidence OF having
been done that side in the big fight " talket so
mucn abou" STRANGER Things uaV" happtu,rt tnnu
would he times development that the capitasts VINO
furnished the money were the clique IN tho Delaware,
Iackawanua and Western stock" Every development
made since then has been additional evidence that the
change With the break In the coal stocks better toue
wound have prevailed except for the ntmatiOn OF the
trouble That Is uncertain quantity
which 20 measur although the general I'M
preston is that IL Will soon be sett d. but its imnedl-
effect Is to delay operations. IL Il intimaed TO us
that the bear card 10 he played the banks and
their expanded condition. W. recommend any such In
tentOn TO the comparS given above OF the banks
condition now with four prec ding years. we W"ulu
also suggest remembrance Of $4,000. 0003 per cents
maturing Tomorrow and SlOO0O.OOO more OIL April ].
All this money Is only Ike creation o. new money,
hut il also dispace- inves ell interest Better let he
banks alone till "A favorable opportunity occurs.
The business of the week live days. Amounted only to
lI5044O shares OF which 80 out or total 100 STOCKS
furnished l.422,376 shares.
To our usual table giving the highest lowest and final
prices and number Of shares sold Tor the week, together
with he final prices OF week ago. OF tbrtynlns act
i've representative stocks add the closing figures
OF January 80:
WEEKLY RANGE.