New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-09

Bid. Asked.
COTTON OIL AGAIN.

Friday, NOV. o-p w.
There are some people who are still confused
over the reports of the American Cotton vi Trust
Because of an appendix to the statement OIL August
81; made on November /, they think that sl'o29'-
G33 Of the differences in the net cash assets De
tween the statements of May 81 and August 81 Is
accounted for. The appendix referred to follows
the statement of August 81, which had definitely
stated that the net cash assets were S4,669, COL,
and it reads as follows:
There have been expended as permanent In
vestments cash over and above the capital stock
and an amount paid for stock Of corporations
owned by the Trust, sl,O29,6 33."
There is no pretencc that one dollar of this eX-
penditure was made during the three months be-
tween May 81 and August 81. Its text indicates
that during the whole period of the Trust orSanl-
yatjon such an amount had been expended from
earnings which had not been capitalized. But
there should be no room for question in the matter.
The trustees have the power to make clear state
ment to the public, TO which they have sold
part of their shares, removing all doubts. Inc
fact is they do not do so, and tho stockholders
committee seem to have as little knowledge OF
the true situation as any holder of ten-share lot.
The trustees verifcaton to the committee of the
correctness of the accounts possesses no more
value than, if as much as the verllicat1on TO the
whole body of stockholders.
WHAT WAS DONE IN STOCKS.
The general stock speculation to-day was di-
vided into two parts While the general market
ruled strong there were spots where bear at
tacks were efiectual in making lower figures
Delaware Lachawanna and Western stock was
sharply depressed by sales and matched orders till
It's decline to 1870 Ia amounted 10 . per cent
Under cover OF this the bears purchased all the
Reading they could between 40 Is and 40 3-S
St Paul another point Of attack, and IL was
sold down from 20 is 10 60 5-S, accompanied by
the absurd rumor that there was an error Of
81 600, 900 in the report for the year ended June
30 The foundation of the rumor probably is, as
we are told, that an expert has been set 10
work 10 analyze the report and prove that in that
year this company scarcely earned the interest on
thn bonds. after the fashion OF that wonderful
ANALYSIS OF the Northwestern Company showing
nothing earned for the stock when il was selling
at about lO2. Again, an article from Phila-
delpha paper upon the eject on Iowa railways
| OF the recent elections was quoted and circulated
| free among the brokers offices. That the article
was written in New ork there is scarcely shade
| Of doubt 1t simply puts in good English the
ideas that leading bears" were talking all dav
yesterday II is bosh, and we guess il came from
the centre Office Of Boshville in this city. Never
theless ST. Paul was sold and matched down. but
the declines in the other Iowa roads were ONLY
fractional. Atchison Topeka and Santa Fe closeC
with gain of / is per cent, and the genera
| changes are small in either direction. Oreqol
Short Line was unusually active and rose TO "a "a
closing at 55a55 l-s against SO "a last EVENING
Union Pacific ruled firm at about S. till dna
raid closed it at 81 l-da67 3-s The Big -Four AM
The Cbesapeake and Ohio stocks were noticeahl,
| strong. In the last ten minutes Of dulness ther
was a general raid on the market which estat
iished the final quotations, but the market ger
orally closed firm. ,.,, ,,.,,,,.
TIE DAY IN THE BOND MARKET.
qhe Treasury purchased s69s.J0O bonds, pc
cents sGI .. 600 at l27, and l2 per cents s59.40
at los ga The sellers OF per cents now ar
| making the interest from date TO January l, an
| 80 The A lbs from date 10 December l. rs IL
orobable that at the next interest. days tll
treasury price will be reduced and LIS II