New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-04
Totals ,.............. s1447oo25o VVc
WHAT WAS DONE IN STOCKS.


The davis stock market was fairly active. But
there still fingers Il nervousness concerning the
situation which checks the Improvements thai
should now be rapid and sharp IL thcy were con
troled by the general business of the country
and by the reported earnings OF railways. For
the purpose OF avoiding sensation, this column for
rumors of the Street But now that the crisis
has passed, and each and all the late rumors OF
the embarrassment of particular firms and OF
banks have subsded, il is time TO say that never
in the history of Wall Street has the license Of
attacks upon credits been more freely INDUCED
In than it has been since the Boston IRE. Ana
permit us to add that If the governors OF the
Stock Exchange will exert one-tenth part of the
energy to send two or three persons TO prison
under the New-lorly statutes which they are
putting forth to lniure the tie Exchange around
the corner they will perform a mertorious act
TO the public and one more beneficial TO the Stock
Exchange than any of their legislative enact
ments of the last three years.
The days dealings afford abundant evidence
tina. the bears have succeeded in recouping
only small part of their contracts. Their sub
orned local agency continues 70 search with a
fne.tooth comb for discouraging items, and still
obeys their edIcts as to what shall and shall not
he published. For instance. the following silly
item was sent out today:
Chicago special to W. G. Mccormick d Goa
lawyer. well versed in the affairs of the Gas Co.,
gave it as his written opinion TO some bondholders
yesterday that the bondholders could secure the
appointment of receiver 10 take charge OF the
Gas Trust, on the ground that the guarantee
on the bonds was accepted that of legal
corporation whereas. under the decision OF the
Supreme Court. it Is simply comrtnerShlp
embracing thousands Of coprtners. Under the
circumstances the bondholdcrs would he entitled
TO possession Of the property in lieu of the personal
security OF corporation which they supposed they
had These bOndhOlders are now conslderlnaethe
ACCESSIBILITY of asking for such an appointment
and the probability is that they Will do so before
night in order 20 head off the New-York meeting
of directors called for Wednesday,
To mind that not that OF an egotistical
n yVould that fhp Chicago Gas DantS
were permanent fixtures and therefore could not
run away, and therefore that H. would be time
for the bondhOldcrs to take action when there
was a default in the payment of interest. II will
be long day when the bondholders of the Chicago
gas companies take possession OF the properties
and confiScate the equities Of the shareholders.
The dispatches however, enabled the bears 10
mark the price of Chicago Gas of from 40 Is
10 81 3-4a3S 3-e
The general market inclined to be strong
til a savage attack made on the coal stocks
Delaware LaclSawana and Western sold off
nearly per cent TO 1876 "a and closed at l37.
Under cover of this demoralization vigorous
attempt made 10 close up :" shorts IN Read
ing at about 38. We question If much success
was attained. Strenuous efforts also were made
70 purchase Atchison. Topeka and Santa Fe stock
AS there also were to purchase the whole list but
taking into account the reSales made 70 hold prices
down. il is doubtful if much Roadway was made
In the meantime, with the loaning rates for
stocks ruling high-7aS per cent-the dehPries
are very poor. and the early borrowers Of money
TO meet the receiving side of their daily blotter
find after 2:15 p IN. that they have loanable
cash bank balance, which in part accounts for the
decline 10 3 per cent IN the money rate at the
close to-day.
We quote the general market as closing strong
at something off the best figures
THE DAY IN THE BOND MARKET.
The Treasury to-day purchased s539,7O bonds
A per cents S4 200 at l27, and IL per cents
$4,000 at GA So. To-days sellers of the per
cents unquesuonaby make one months interest,
and of the II rer cents probably they collect
three months interest in advance. At the Stock
Exchange registered As sold at 26. Annexed are