New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-09

YssterdaY.To.dsy
ATCHISON,s ANNUAL REPORT.
wednesday. Niny s-p. N

wednesday,
The full report OF the Atchson, Topeka and
Santa Fe Railroad for the year ended December
81, sss, WAS published at late hour to-day
II WIS fully as unfavorablc as had been expected
and the net earnings per mile were not one-half
Of those in either ore Of the preceding two years
The reduction in business is accounted for lin the
report by light crops in the companys territory
by rival construction, particularly in Kansas, and
by the operations Of the Interstate Commerce law
The hostile legislation in several Western States
il alleged 10 have been another unfavOrable in
hupnce In defence Of the increase in the divi-
dend 10 PER cent in the fall OF SS7 the report
declares that the action was inStincd by The crop
prospects and by the established rule that the
traffic Of the last half OF the year was always
larger than that OF the first half. The rule
seems 10 have been proved by the exec ption
TIE DAY n THE STOCK MARKET.
The stock market was dull and featureles. The
huvyDg for foreign account WAS small until the
London market had closed, when there sprang up
a renewed demand for the Vanderbilt stocks. IL
was regarded u satisfactory preteNt that the
elder Vanderbilt brothers and MIR. Morgan were
rannrtpd 10 have met In London to-day. The
activity and strength Of Lake Shore were notice
able for this reason. ST. Paul pushed AtchisOn
out OF the leadership, but It's prominence was IN
consonance with the current rumors. because wan
Street has made up It's mind that the next changes
in the st. Paul management VIII be IN the dlrec-
ton of Vanderbilt control. Under these condl-
tions 81 Paul and Lake Shore gained nearly per
cent while Canada Southern practically regained
lis Yesterdays loss and the less active Vanderbilt
stocks were strong, IL not maternity higher Atc-
isOn which was next 20 ST. Paul in point OF actv-
| inv. was suspiciously weak throughout the day.
This NAV have been the result Of the delay in pre-
scntinr the annual statement, or possibly of the
! elimination Of the short interest. The stock was
| as weak as the other Southwestern
| shrres were strong. The stOppage In the payment
| of interest on the first mortgage bonds OF TIE
| St Louis Arkansas and Texas Railroad served
only 10 irapsg1 strength TO Missouri Pacific. The
! property vas bought by Mr.. Gould about sin
| months ago. and the apparent default was not
plain evidence that he was energctionuy IN faVol
| of higher prices for either bonds or stocks Al
| in many previous instances, the lessee company
| has the management OF the accounts rs well az
! the property. and the effort TO buy the intercs
coupons instead of paying them was, not a move
| procedure There can be no doubt that IL inject
| a fresh uncertainty into the market, and the com
| narrative stagnation was q natural result.
| Prices rallied in the last half hour, and the
| closing was fairly strong ut moderate recovery
u'be final variations consequently were smal
fractions as q rule for the speculation was 10
narrow to justify q smart movement In clthe
direction,
| WHAT WAS DONE IN BONDS
Government bonds were neglected, but Thu
only concession was on the part or holders Of
the LES The market closed strong.