New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-19
CLOSING PRICES OF PHILADELPHIA STOCKS.
Tuesday, June 1872. m.

Tuesday, June l5-p m.
in the DAYS before National banks were or
ranized-before ls62-there was weekly pun
Ucation known as Thompson Bank Note Ic
norter" which contained full descriptions OF all
discovered counterfeit State bank notes. and
notices Of banks newly failed. Every person Nv
ing who was engaged in any financial or mercantile
business prior to 1852, will remember the short
thick-set, grizzly old gentleman who peddled those
issues to the trades. They also VIII remember
the old cry, in a squeaky voice, at the doors OF
their stores or offices: = Here's ThompSons BANK
Note Reportsr four moro banks down. or Ihree
new counterfeits OUT" II there was not another
bank down or a new counterfeit the old
man was In hard luck, because the work had no
sale.
The present work Of the Chicago specialists"
and that OF their New-York repeaters, on the rail
way situation, is a strong reminder Of old days
when the life Of "Thompson's Bank Note he.
porter- depended on the mlsfortunes or rascallty
of banks and professional counterfeiterS. The
Chicago Herald that truly trustworthy journal,
as il was proved 10 be by the Armour episode
OF one year ago, to-day is quoted by one OF the
New.York rcpeaters as crying, AFTER the olu lasl.
ion more banks down." Two more notices
of withdrawal from the Interstate Railway AssO-
citation will be given within a fortnight! But
Thompson's Reporter never fOrctoh bank
failure counterfeit. In thOht ubSs huCn
"A forexnowledge would have been considered rs
evidence OF guilty completely.
! Well, the :" bears lind II hard work kicking
against the pricls 1t IS because II rs i QUESTION
for them the holders Of securities believe that the
demand for tonnage capacity Will exceed the
! supply and therefore that IT makes little differ
| ence whether or not the family affair known as
Chicago and Alton shall shall not pursue Il
| policy TO ruin itself. The Chicago and Alton
| and several persons who some Operators choose
| N nj in maxi pf
values may drop out of existence, and the United
| States will continue TO move on. country that
can annually contribute in one way and anothcrl
$500 900 900 TO the support OF its Government and
| 10 the reduction Of the public debt Is not
| the poverty stricken country that these
followers OF the old pcdlcr Of the Note Reporter
| would have us believe 1T TO be. The super
animated direction OF the Chicago and Alton
gets up on its car and the claquers cry
&" two more banks down and the stock market
remains strong with advancing figures IL IS
not theory, but situation, which confronts us
Prosperity and promise OF more of II. SIT on the
tai-board, gentlemen, il you choose, but do not
attempt 10 stop the engine with peanut.
| The result Of the Oregon elections seems to
have been brought about by compromise Mr.;
| Willard carried the Oregon and lranscontnental
election but IL seems at this distance that 1t was
| done with the distinct understanding that the
defeated party should sell their 1000 shares
70 the Oregon and Transcontinental Company
| nj an unnamed figure, and take In payment stocks
Of the Oregon Hallway and Navigation Company
new held by the Oregon and lransconunental
Company in payment. The Oregon and Trans,
continental is TO sell oil It's Oregon Railway and
Navigation stock, and the Eastern gentlemen
elected to the Oregon Railway and Navigation
Company Board 10 resign in favor OF repre-
| sentatives of the purchasers. No attempt is 70
be made TO reduce the rental OF the Oregon Rail
| way and Navigation. There IS satisfaction in
knowing that all the parties TO this con.
| test seem 10 be happy and content
over the result. Therefore the Oregon and
the Northern Pacihcs to-day were all IN demand
and higher. The coal stocks were special feature,
in the days dealings and both the Delaware and
Central OF New-Jersey made conspicuous advances
while Reading held firm. The trunk lines held
hrm with small operations.
An absent member Of stock firm to-day tele
| graphed from Chicago follows: We leave to