The sun., 1888-12-09

the realization OF this condition by those en-
gagged In the business was likely to inspire dc
cided efforts to improve the situation As wa,
to be expected. the agitation growing out o.
the situation referred to has Influenced lower
prices upon the Stock Exchange. To an ex'
tent the depression In the market for securi
ties has been factor in bringing about good
results.
1t is worth while at this time to recount
briefly tho progress that has been made toward
improving the relations Of the railroads to
each other since the statements referred TO
above were made. In the FIRST place the Trunk
lines have Joined in closer union than ever
before. and. In consequence, have advanced
both East and West bound ratesto full average
figures Plans for cemcnting their union moro
firmly are being considered every day. and the
tions that have been made system will be de-
visea tnat VIII insure more protractea harmo- ,o
ny than has resulted from any previous In
bas In the msan tive dianosed of eeverai
.n.. 80 ~ "a. go, IT,, =.
important points anectlne its tranc, wnlen Is
The In,ornationoI rranio Aasociation which
ne In ~ iraio nseun' ,;. moa
territory. has been given new force and life.
resu,tino in nm advapce In rates NV nil tho
roads that are members Of it. The great
Southwestern systems haye within the same
period not only agreed to stop fighting, but
- $500, ,t.
consideration of a plan for conducting their
ooupo.,use .Ia pus.ness mi'.Uu. .V. ,as h So Sano
as important as anything that mas peen dono
is tho agreement between the executives Of
u,i,,,h ~, Nv thoro a. o,,or,, ."nao,,
whicn. wnen executed. as tnere ls every reason
ottbose two roads and their hranohes togetber
~ .,.,.h .,, go ps,,,- Na,.,...,,., 80
srty % as aV one oe1sJt system '"' anu N'''A ''''
The onIv imnortant oroun NJ roade that nm
~. oo ho,,a H., s ,nso,od -, tha srp, .,. sp
tendency toward Improvement is that which
incIndes tho tIrangar rrrunk lines md oven
there has been made proof
Nortbern s road NAV Ss ccG 'e tbs
inureasinT volume Of trnffic has Ind soma
eject npon rates, and. d. what is more importnnt e
apanst The managaTs az ihese rooa s bo hen
cause of reduced iiyidonds and more reeentiv
because ofthe deslinei in the price thoirstocks,
nossbIv tbeir consciences ccording e "a nj
aceomnis thev are andy cettinS into n frama me-
that viii soIve their % di,arencas Snch Ian pIIan
bns hean formnnted in nntino anI nj, pm In
te to the dTrRg the coming
mnnapers do not shoW n sincere disnnsiton 10
come 10 an agreement, an influence io and power
w the oe ,i 10 bs Sear opoh n .e Wlcn Up
res,steI hv anv raiirond d. cnruoroffnn in tb,SS
Siews Win he ernreseed Sc md enfnrcaa h nn,
bin%tion of financial institutions t6at bas IN.
varaSy 6een SUCCESSFUL % In Its efforts to deal
The WAL haS Ui tbe hnen in ,o T., w,u
street eScent perbnns for the fev naopia i Whn
has baen ae sond Ses n oniSi M mere
nmonnt of short Selling. nnJ modernta rase
rally that " was not maintained M to- tho close OF
this mNrninr Wore devoted to a sharD sttacS
ali along Ions the line. which % was made d erectve o ON
marknt aid not rrspond to the advapce @ IN Wa
bnnpd rates Hesides
ri.I tg nr HIS me tne pears new mate
today that the next fortnichtlV ettiement nS
the London Stock xi, Exchange, * which occurs on
diaestsrss nonsas bere baxn ny series OF
tons have inaured into these ramors re1 enee.
axists any nnev IA ,,nnsnaIy ant
be rs rates or arTe IN
n.a @ tha o or nIa1 o an an inIeror char
the present CONTINGENCY by time loans. a bYredncr a
1nGs 70 tfis market where f the rates for
"a preasnnnb1a 10 a9nect enH ,e % TO
bic sales sd Of actual holdings by foreign invest
readily as any % one here here that the General ad d.
vance II rates II thst is takins, place Vii soon 30
renected IN nrger i fai1r9aa returns and no
,nent in tbe nrca ~ rironS senritieI III thnU
Increase in earnings N''
The general trade reports are of a fair VOL
ume OF business. though the holiday season is
beginning to curtail operations somewhat |
Roth coal and iron can he nnotod about St"aIv
,rith tha stnnnaI inGnltrv aiinn r' n' n.oauy'
y y M ...i tno -. nns.n '"SinH pieGhu-
mG TGnS w pteoeLne III .n'' III III " lts arket.
Inc Dank eXcnanGes snow IN increasing vol |
Ume OF business. large part OF which increase |
must la on account Of Legitimate onerafiona |
ps sneculaIion peneralIy has heen oniet or thn |
ie speSuia'foh aeIola aiS ins ueen yuiot UT tue
emaency nv 81 tie EMMafhets uownWard; |
Inc !eellnE IN wall street at me Close OF DuSl.
less this week was not much more hopeful
than 1t was u week ago. The absence of buSi- |
nass has ne denressinp an effect unon tho avar |