New-York tribune., 1886-03-30
cLDYtNG thI0E3 % fffiLIOFLPHIl STJGET
MONDAY. .lrch 29-P. VI.


The stock markets opened this morning with buoy-
ant tone Influenced thereto by the publication Of the
orders 90 end the strikes on the Southwestern railways
But tho markets hardly well under way before dis
patches from St. Louis ntmated that the strkors wero
not disposed except the order OF their local hort
ueo 70 accept the alleged arrangement between Mr.
Could aud Grand Mas Powderly, and Mr. Gould later
was quoted saying that the printed dispatch 70 Mr.
HOyc, general manag of the Missouri Pacific Railroad
which shown TO Mt Powdorly only at Late Aourast
eycring. prepared before yesterdays conference
with Mr POwderly and not the result OF anything
Mr. PowderIy said.' All tho direct organs
OF the bears on stocks we're primed
in their publications this morning with proguosicltons
OF sringency the money irct. ani went so far
to say that in addition to the banks oss OF 100000
In money the withdrawals OF deposits amounted to
Sll.00o.OO0. II it only had added that this makes
total loss Of SlS00O0OO, the climax Of sensational
inlncering would have been reached. Last week the
banks, according to the authority were in dan
position. because their "lotHs large and
their deposits were heavy Now they worse of,
because the loans contracted S3,60O,0OO and
their liabilities reduced Sl1,000,0JO with
loss of only S7,OOO,OOO Of cash The
ideas about the movement Of money and
about bank statements that picked up in specula-
tive stock Offices really too crude to present to
readers of INTEL gence. We have detailed at
length the depressing influences which worked against
the stock speculation after the buoyant opening. Late
in the afternoon it learned that there vas hitch
in the coal combination. Attodays meeting the Penn
sylyauia Railroad, which last Monday absolutely ac-
cepted its allotment of per OF tho proposed ont
put OF 33,5O0OJO tons pleaded that It might not be
able co1trols individual miners. The Pennsylvania
Railroad IN th- respect exactly the position
all tho other companies, except the Pcunsylvouia
Coal Company. All tho others carry coal for
individual miners and have more control over their
operations than the Penn -yVaniI Railroad has over It's
contributors. The whole schem' Of agreement came
near gong by the hoard bur committee was finally ap-
pointed consisting or Mrssrs. King Of he Erie; kclm,
Of the Reading Roberts, OF the P5nuSY Yyana Railroads
and Wilson. Of the Lehieh to s'e the Individual miners
The line OF the Pennsylvania Railroad ard obtain
their 10 the agreement. In other words. the
Pcuusyiyania Railroad accepts the ds-isauc: OF the
otEer coal companies to do for 10 what each or the
others itself. OF COURSE unfer such cOmpCa
ton uufivOgablo features to rst prices o. stocks
maintained yet with hardly an exception they
finished Li-rrr tha1 SATURDAY evening Ike shore was
tie subject OF special attack and after opening up
az - II sold Sl4 aud ended at S253, against - on
saturday. The trdnsacioa at h0n boards amounted to
All .O7O shaTcS-3jG.J9u ii the stock Exchange aEl
g-I-O AZ the Consolidated Board against 4I3,6li
shares on Saturday uu4 the market closed steady.
Government bonds Gq, hut the market was firm
at unchanged quotations as follows: