New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-23
CLOSING pRIcRs OF BOSTON STOCKS.
A CHANGE by LEADING SPECULAToRS.'

lueSuay, Jun. ~--p NJ
There are strong indications Of change OF
base on the part Of the leading spectators at
the Stock Exchange. Seemingly their patronage
has been transferred 10 the other news "a
agency The first evidence OF H. which was
palpabl, was furnished yesterday when they
secured the publication OF some pessimiStc views
alleged TO have been uttered by the president
OF tho Stock Exchange. Yesterdays publication
by the news agency attracted little attention and
therefore wo made no reference 70 IT. But the
newspapers which arc the special organs OF ihe
abears7 reproduced 10 and thus gave 1t Q circu-
latlon which to-day caused an almost universal
cry OF condemnation az the Exchange, among It's
conservative element The general belief IS that
the point was given 10 the news agency TO obtain
the interview by operators who knew beforehand
what the character Of the talk would be- it is
stated that the interview was telegraphSd all
over the United States and 20 Europe. The same
agency which yesterday was so enter
urisine in obtaining from the Stock
Exchange president reasons why all its members
cxcept the bcar7 brokers' should siaryc was the
principal medium to-day for circulating Chicago
reports OF general cutting OF rates BIZ the west
ern roads Here is ono OF its choice mo-sek'
Special Chicago-Ihe proposed restoration and
maintenance of railroad rates is being made
ridiculous by the actual eondue; OF officials. The
!
withstandng Il is in charge OF the United States
Courts, Is violating the law. Instead OF meeting
the charge made, 10 produced anidayits That the
Alton has been cutting. The Rock Island Is proved
TO have been cutting. Notwithstanding President
Cable is soliciting signatures 70 the 'gcntlemens
agreement"
There is little trouble in recognizing The style
and satire OF this production The Street has been
favored with New-YorlS dispatches OF the same
chafacter by the way OF Chicago for nearly ~
year Notwithstanding all these reports, prepared
purposely 10 aid benrs' who are short OF
large lines OF stocks and the brokers who ace the
large borrowers OF the stocks, there Is no reason
10 doubt Tint the Western managers are earnestly
striving 30 reform the methods of doing business
They dare not do otherwise. That here and there
after such year Of reclllessness aud demoraliza-
ton WIS witnessed in 1883, there should
be some friction before the WASH machinery is
brought back 10 smooth working is to be eN-
pected The action taken today by the presidents
OF the Eastern trunk lines Is Important and viii
help the Western lines. IL is noteworthy that tho
president OF the Delaware Lackawsnna and
Western was present at to-day's meeting.
The days stock market was as narrow and
limited as IL has boon for long time. Thete
was nothing new In IL. On moderate purchasing
orders 10 quickly advanced; wien these were ex-
ecuted and dulness followed, the bears washed
and sold tho prices off again, as they have done
thousand times because there Is lack Of support
other than that which comes from an absorption
buying. Az the close the benrs' took their
innings. The stock loan market reflected no
change IN the old Short interest but n new
and larger demand 70 borrow Delaware, Laoka-
wanna and Western, st. Paul Reading and Union
Pacific. Atchison sold up 70 81 II and closed
az 90, against As rs last evening As Atchison
is TO make statement at the end OF the week, il
statement for tho whole system" telegraphed
from Boston to-day, shows net earnings for that
month OF 100000 in excess of all first charges.
The market closed quiet and steady
WHAT WAS DONE IN BONDS.
Government bonds were dull and steady at
QuOiatlonS as follows: