New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-09-19
CLOSING PRICES OF PHILADELPHIA STOCKS
DENIALs COME THICK AND FAST.


Squealing is becoming epidemic. They are ak
denying Yesterday we printed p. ID. Arnour's
denial of The Chicago Herald's' interview OF
July a. To-day the Chicago Milwaukee and ST.
Paul Railways New-Yors office is turned
into bureau of information-not TO en-
tighten ito stockholders of its business
since July 1, nor to tell them of the company's
present large tonnage nor to intimate at what
moment its management will cease TO be the one
obstacle in the way Of an agreement between the
Western lines but to put forth the following:
Mr.. PlanlSinton telegraphs as follows have
never held any interview with any person in regard
to the action of the ST. Paul directors. cannot
be responsible for newspaper rumofs. l consider
the action of the Board sound
On last Saturday The Tribune printed dis
patch to Dow, Jones & Co., after asking
them if they had verified it, to the effect that
Mr.. Plankinton said that he knew six months
ago that dividend would be paid on the com.
mon stock, etc. ETC., and that he had purchased
the stock at twelve when the company was doing
a better business than it is to-day In regard
70 the above Dow, Jones d Co. to-day pub
lished the following:
was published in Milwaukee,, where Mr. Planlinton
lives, te!egraphed TO aud published In the Chicago
papers, and wired to us from there Mr.. Planklnton
Saturday Sunday and Monday, during which time
stock has fallen to 60 IL, to rally as Mr.. Panknton
denies the interview.
Now Mr.. Armour did or did not in July last say
to a reporter of " The Chicago Herald" that
President Miller writes me that with the reduction
of expenses he believes the road Will earn rs much
perhaps as It did last year. st. Paul stock with ono
exception Is better to own than Inc % % ol sns
$4,000 less than IN May. 1857. or at the rats
Of reduction Of over 81 100000 a year.
And Mr.. Plankinton did or did not use tho
language credited to him by recent Milwaukee
and Chicago papers: There is no ambiguity in
the language quoted. Therefore both gentlemen
and the news bureau of the ST. Paul Company IN
New-YorS may well understand first as last
that till the gentlemen compel the papers-prlnted
at their homes-whch originally are responslDss
for the statements to retract or qualify them. their
kilograms OF denials sent TO New-iork are re-
ceived viii mild derison except by those operators
who were depending on the action ana state
ment Of the St Paul Company 20 redeem them from
the perils of their short accounts; that ele.
mcnt is angry at the denialsIfor evidence OF ~
organ, which last Thursday was crowded with
sickening fiattery Of the conservatism OF the 81
Paul directors.
The Three Stars this morning printed an
old chestnut in the figures Of the Chicago ana
Northwestern Company for the SIN months ended
June 30 1888, showing loss OF sl,200OOO III
the net earnings compared with the same time
in 1887 This may be the result OF ignorance or
not, hut if il is there is fine opening IN
kindergarten for full grown man; More than
six weeks ago every one except perhaps lhrec
Stars" knew what was the result of the Chicago ana
Northwestern's business for its fiscal wear ended
May 81, 1883. 1t paid Z per cent on its pre-
fcrred stock and per cent on its common stock:
and carried over from the year surplus Oh
81, 5000 900 exclusive of its profits from trans.
Missouri lines and receipts from land sales: ihat
closed the books Of the old year. In the nrst
month-June-of its new year its net earnings
were S52,0 900 smaller than in June, 1881 Inc
value OF the " Three Stars" ignorance to-day
was shown in the advance in the price OF Nortn.
western from IL ga to IL. with sales under INC
rule for non-delvery at IL Ia. =.
The stock market naturally continues fcver'sn.
The loan market still reflects an unusually large
outstanding short interest, and that element -
fighting TO avoid bankruptcy. The buying -
good but at every halt the bears renew tneie
attacks. and that makes some wide huctuauons
The tendency Of prices, however, is steadily up
ward, because no long stock comes out nor n ~
any amount of such stock come In during ,ne
whole of the ST. Paul Company's raid Inc mag
kct closed strong.
THE DAY IN THE BOND MARKET.
The offerings OF bonds 10 the Treasury announces
to 81, 1928 900; per cents, si,000oOO at 90 doS
and $50 900 at 100 and interest; LIS stScoov
at 1865 90, 81 200, 900 at l07 l-S, Sioo,ooo ~
lO7 lis and $4,000 at l07 3-s. inns am s,ua,
OF bonds II the Treasury was out OF the ma.n sa
could not be sold within per cent OF tne Pr'us o
named. Yet the syndicate hold the nominal quo
tatno