New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-03-06

! The same twenty companies for the two month
| january 1 to March 20-gve o gross aggre
gate Of S15 798, 1885, against S14, O59,87 In 1885,
and S12,4S8,l15 In 1s86-showing gains for the
two months Of 81, 10000, or 1873 per cent, on
1887 and Of $3,310,S2l, or 1858 per cent, on
1886. The other eight roads, which compare
only with 1887, give for the fourth week OF
February gross aggregate Of Sl13,774, against
$93, 6o8-a gain Of $2O,0S6, or ala per cent,
and for the two months an aggregate Of $S46666,
against SSO7,.t2-a gain OF S3y,024, or as per
cent The noticeable feature vi these phenome-
nal comparisons is that the percentage II the
gains r the last week is so much greater tLan
that fer the two months.
What q three-months' slashing of traffic rates
by the speculative officials of Western railroads
failed to accomplish-an activity in the stock
market-yesterdays meeting OF the Locomotive
brotherhood at Tammany Hall brought about
The resolutions adopted and by order given to
the Associated Press for publication unGuestionj
ably presents to the American business community
a more serious problem than it ever before was
called upon to contemplate. In PLAIN language
The threat is that II necessary to win a fight
with one railroad which does not accept our
terms, we will stop every railway wheel in the
country; the poor shall starve for want Of bread
and all classes shall suffer for want of coal where
by to keep from their homes the winds OF March.
No holder stand ever was taken by an organiza-
ton all departments Of business must be sus-
pended and millions Of people must be brought
TO want because 900 employees OF the Chicago,
Burlington and Quincy Railway insist that they
and not it's owners must dictate It's management.
Suppose that there was Brotherhood or Kali
wavs' with one Grand Master President whose
word was law superior to all legislative enact
ments relating to conspiracies, and imagine that
he to-day had issued an order 10 all railways 10
the effect that the engineers challenge IS ac-
cepted but the fight begins today ana not on
March Is nor March 30: Discharge every
engineer and fireman who IN twertv-four hours
does not sign q contract. with penalties attached
to work for three or 1--WE years at the
present scale Of wages What howl would 90
up, and in Congress the Democratic majority
would tumble over one another with bills for
investigations and for restricting owners OF
the management Of them: And vet that Is Just
what this Brotherhood Of Engineers. boldly ana
IN defiance of lazy are cong II we ao hSS w,d
Quincy Railroad. we will make every man,
woman and child in the United States, Canada
and Mexico suffer.
These were the problems that were given TO
to-davs stock market to solve. There was moth
Ing In them TO encourage any one TO Duy snare
of stock or q single railway bond: there was
much TO discourage real holders Of al securities
and there was much TO encourage bears 10
cannot he denied that in any ordinary specu-
lative market there was present at the opening
this morning all the elements calculated to ere
ate frst-clsss panic. But there was no panic.
There was n drooplng OF values under iresn
short sales. and the catching here ana there
Of some few stop orders to sci Whe l crr oda
price down was reached. The decnnes nade,
while general were Of character that ss'mny
developed hesitancv to purchase, which was
natural to the conditions. Under the circum-
stances there was q suspicious STRENGTH dcvel-
oned for Missouri Pacific and Manhattan Ele-
waited. The whole market rallied materially
toward the close, so that the final declines GEN
orally are insignificant, except Of q general be-
lief that the " Brotherhood IS buffing and that
it will not dare to carry out it's threat. The
market, however, closed unsettled and feverish
in tone.
CONDITION OF TIE BOND MARKET.
Government bonds were quiet and steady, with
the bids for the As up l-o per cent Annexed
are tho closing quotations: