New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-27
CLOSING PRICES OF CALIFORNIA STOCKS
San Franclseo. March 20, 1859.
WHAT WAS Done IN STOCKS.
Tuesday, March esp.

Whatever may have been tho hcepteu eiarac'
ter OF yesterdays dealings in the Southwestern
stocks, particularly in Chicago Burlington and
Quincy, and Atchison, Topeka and Santa re,
to-day's market has shown that the principal
trading was between those operators who have
been and are fighting for lower prices-buy1ng
and selling between each other at CONTINUOUS
declining figures, where no general support was
given, and IN a stock In which tho subordinates
in company, as they are quoted in Chicago dis
patches, are uttering the most pessimisac IDEAS
of tho future Yesterday, with reported trans
actions Of $4,000 shares, the price declined from
o2 IA to COILS. An energetic movement TINS
morning marked the price of Ia below yeSter-
days lowest but after transactions IN 5s'boS
shares Of the same character as were those oil
yesterday, the stock closed with an advance OF
la per cent.
With Atchison to-day the drive was more
successful, and IL declined from 45 l-s to a. ana
closed at 81 Ia, a decline of SO per cent from
last evenings figures. II was not assorted that
the company was about to 60 into the hands Oh
q receiver but in the language OF Charles Francis
Adams, the sneak thief method was put In pracc-
tice. The question was on !. every person .
iips, is il true that the Atchison
Topeka and Santa Fe will be placed IN receiver
hands either on Saturday or Monday = proml-
ncnt member on the direction ana OF the nla sc
committee. when interviewed On the subject after
3 O'clock, replied that the statement was ooso,
lutey false, and that II pronaoy ordsin raaSa
large amounts on paper by the decline In INC
price OF the stock. How they will end up their
speculation is a question which 1 desire 70 eh-
bank sun sufficient TO meet its Liabilities Tor
several months, even IL 1t did not earn dollar,
which 10 is expected to do.p When loosely
nslxed II he had anything 10 say regarding the
for
that II there was total failure OF thus year
crops and all the Southwestern people wore OLD
clothes, the condition Of the property then would
be about the same as that OF all other ralroao
9he idiosyncrases were further developed by
a persistent selling of Chicago and Northwestern
stocks. Il would hardly be claimed by any one
that the sales Of that stock represented sales Of
genuine crtfcates. The Affiliations of bhS
sellers are too well known TO permit OF such
claim. The sales amounted TO rs, 800 shares, o.
within about 5000 Of the amount OF the actua
stock floating In the street ANY actual hoidel
In his own name, by application 10 the company''
Office, can learn that 1t is leaning in the Stree
s2 700 900 cash, and has in bank s700, 900 cash
Probably the sellers who represent raids az
able TO obtain little information at the Chicago
and Northwestern Office as they are at the Atchi
son, Topeka and Santa Fe as to It's nnaneia
condition. With Burlington and Quincy theJ
seem to have better luck, Of certain character
when, as q The New-Ycrk, Tines stated
| ceiyed two weeks notice Of the impendin
| February and March strike. Ali this does no
| indicate, and will not indicate 70 q reasonable
person. that all the settings Of these stocks ar
| for the short account There are and have bee
| speculative holders Of contracts which In thei
| origin were short sales. Such contracts VI
| auestionably como 70 the market at declinin
| figures There also some months ago was cor
| siderable liquidation on the part OF holders Q
! certificates. We never said there was not, bu
| especially with Burlington and Quincy that the
was brought out by the raid OF bears, who the
/ seemed to have perfect knowledge that the con
/ panY would persist In its course of making To-
| rates during the whole Of 1898. II Is nearly on
year agowhen IL was not as fashionable 10 call raj
way men TO account as IL recently has become tha
i this column directed tho special attention OF I'll
stockholders Of the Burlington and Quincy 60 fhg
| uyOwed policy. Ii the STOCKHOLDERS had the
shown one-tenth the energy % protect their pro-
J. erty which they recently showed under the stint
/ lus Of radical faull-flnding with RAILWAY mAnag
! ments which probably are published IN the intere
Of hears on sold out buils-there Is little dieren,
in eome instances between The two classes-tl
stockholders now would not be bewailing the +
suits OF last years business which approximate
swelf as well known four months ago as they o
now.
] In reading the two months statement Of u