New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-28
CLOSING PRICES OF BOSTON STOCKS.
Wednesday, Nov. 27-p. m.

Wednesday, Nov 27-p. m.
IT. has been proved true often that it is of
no consequence who first wrote that " those
,rbom the gods would destroy they first make
mad, To-day the bears in the stock market
went mad over a decision of the Supreme Court
n Illinois in the case of the State against the
Chicago Gas Trust While the charter of the
Chicago Gas Trust specifically authorizes 1t TO
purchasc and SELF the stocks of any gas or
electrical company in the State of Illinois, the
Supreme Court has rendered decision, the logic
If which is that while may in his individual
capacity purchase and hold the controlling inter
est in oil corporations of Whatever nature ana
Inns direct and control the operations of such
comnanirs as an individual. when he combines
,,,itb r C. and d for the same purpose, it is a
conspiracy TO create monopoly and therefore
aoainst public policy. What the SUI
rene Court of Illinois has declared
70 he illegal has been done. The Chicago Gas
Trust has purchased and holds the stocks of
all the gas companies in Chicago, and like an
,ndividual owner does control the properties
FINDER thc single direction Of all the companies
Cbioooo i better served than ever before and al
lower rates. The properties cannot be con-
6sca,ed neither can the Chicago Gas Trust be
,orced IN sell the stock which it holds. IL Is
docision arainst the wind, but one that was
ora+efuI to the bears" in Wall Street. 1hey
need IL for much more than it was worth, as they
o,o Hl,,Iv 70 discover before they can recoup the
dor,s sales of Chicago Gas Trust. The dealings
!; that stock amounted to 124, 900 snarcs. out OF
q total of 2s4 900 shares for the whole listed de-
na1tment Against 50 l-2, last evening price, the
etocl, opened on the news down at IS. ana dechhed
IN Az is. closing rather weak at 40 ~. VI
course in this raid many stop orders were iound
and more or less of long stock was dsiodscd
Uut il i beyond question that large part oil
tho sa1cs WAS made for the short account, not
~ much for II profit on the stock as Tor the
nurpose of creating Decentralization IN the whole
list IT, is certain that the interest controlling
the Trust" steady ana persistent buyers III
the lower prices; . c,to +. No. 1,. 81
ite decline OF - per cent from GisI nght $
n,Dres was small the general market, At
question of who was hurt and to what extent
Tier stocks might be forced on the market. In
cepting in Mr.. Goulds Missouri racine: which de'
clined from 90 TO 6 3-4aCe, inc dechnes hardly
cvcceded the usual fluctuations of an hoHr ac.
,i,e trading There was natural hesitation
vaiting the outcome Of the supposed necessary
legislation in Chicago Gas. but beyond that the
market was featureless, and with dull NOV ement6
Gmaiiv closed about IA per cent lower than last
The morning stock loan market developed an
enlarged short" interest. both among the gen
eriI traders and the leading bears" and it is
nrobable that the days operations. not counting
he dealings in Chicago Gas, ma tcrlally increased
the volume of that interest. Inc market closed
stubborn, with some recoVerles from the lo"es'
~ To.morrow being the National Thanksgiving
nav. the Stock Exchange stands adjourned to G
A. m. Friday
TIE, DAY IN THE BOND MARKET
The Treasury purchased s212s5O bonds; Del
oonts 5000 600 at 127 and IL per cents 1854
~ IO5 IA AZ the Stock Exchange there were
no sales Of Government bonds. and the nomina
~ fnllnurs