New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-16
CHASING pn1crs OF pHrLADELPHIA STOCKS.
Monday. July Up. m.

The new week opens with excessively duli
markets at the Stock Exchange. Although the
general list of stocks was dull the temper OF the
speculation was strong in tone, and the direction
Of prices was upward until hate in the day, when
the market was furnished with new Datch OIL
Chicago dispatches clOudinS and confusing the
results of last weeks meeting OF the presidents
Of the trunk lines Mr.. Reeve, called the tiaiiic
manager of the Grand Trunk, was reported as say
ing that he had not decided whether or not nc
would accept the decision of the trunk line presi-
dents one Of whom is supposed to he MI Reeves
superior officer Under this state OF uncertainty,
which as represented is a question Of superiority
between the presidents and their understrappers
the duness OF the market encouraged late
fifteen minutes raid on values, which marked out
most of the early gains in prices and III some
instances left prices froctOnally lower than at the
close OF business saturday. The final changes
are irregular, with the advantage OF the average
Of the active stocks the side OF gains. Lake
shore Michigan Central and Canada Southern
all sold OK dividends payable August 10.
For fine mosaic stocll-jobbing the following
published to-day probably caps the climax
Chicago Special-A rival corporation 10 the
Chicago Gas Trust is canvassing for customers in
HYDE Park one OF the suburbs recently taken
into Chicago The new gas company got lis
franchise
IL proposes TO furnish Illuminating ga for 80 cents
per 900 feet. At Hyde Park the Gas Trust
is charging 81 IS per 1000 feet The new cor
pOraton has good stockholders.
To the ordinary dissemination of such piece OF
news il would occur that such a rival corpora
item must have name; that charters usually
were granted by the State, and not by the villages
that ordinary gas companies, after securing a
charter and franchise, first secured the sub
scriptions TO tlrc stock and bonds; second, built
a plant; third, laid mains through the district
franchised, and fourth, solicited customers But
the alleged unnamed rival corporation Deglns
bV soliciting customers We are not informed
that tn, capital stock of this alleged corporation
exceeds S1O or whatever sum was necessary 10
nav the expense of telegraphing the important
news to the Ncw-lork stock market. we nave
not doubt that the object of the corporation
is to extract cash from the price OF chicago
Gas Trust stock To-day the object, if that Is It,,
was defeated by the absence of suckers, and the
Chicago Gas Trust closed i-2 per cent higher than
on Saturday. If any one or any corporation can
supply illuminating gas at 80 cents per 1000
feet Npw-York offers a little greater field for
oxpIorations than does the little village Of Hyde
Park. Chicago. We have dwclt upon this stupid
statement only to show how desperate are the
methods employed 10 dcpress values.
In the Trust stocks, pure AMI simple, there was
moro stcadiness if moi strength developed National
Lead sold ND 10 26 81 and closed at 26 IA
Cotton Oil sold mp to &c early. but was sharply
attacked and closed az 81 against - l = Satur-
dav and Sugar recovered 70 lib Is, closing at
lI2 against ITO "a Saturday,
The general market closed dull and steady.
TIE DAY IN THE BOND MARKET.
The Government bond market develops no new
features; with occasional reported transactions
to-day S55, 0OO-quotations are easy as follows /: