New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-23
WHAT WAS DONE IN STOCKS.

The stock speculation to-day WAS less active
than that Of Yesterday in that the total traus-
actions aggregated 30730o shares against J6l OoO
Yesterday But the market developed the same
general features. The demand was suihcient TO
hold prices up to yesterdays advances, or at sun
higher figures, despite the general disposition OF
traders on the long side OF the market 10 rcahze
the accrued profits Of the last few days, ana the
additional sales which were made for the short
account on the speculative theory OF a reaction
of lal l.? per cent. The Changers continued 70
develop strength, and St. Paul sold UP 10 40 80,
closing at 20 10 the highest Price IL ms SOFA
at in many months. Among the coal stocks
Philadelphia and Reading was the prominent ais
feature, although it closed no higher than last
evening The " bears in this stock, falling IN
ali other methods, succeeded in dccelvlng Inc
Evening Post" into printing the assertion 1n' .
more than two weeks past due lie 1act - 'haV Ihc
statement usually app airs about the 24th OF IN.
SuccredinR month; that for April, 1883 was not
published till May 20. Among the miscellaheous
Stocks New-York and New-Enghnd opened up
l2 per cent at As l-2. rose TO Az IA, and closed
at the opening figure So oT bSI Snu fluctuations
amounted 10 Ia per cent, indicating sun
existing uneasiness among operators having con
tracts for delivery yet 10 crTd an an co@pared
with the business of the preceding two days. were
dull and easy IN prices.
The Chicago Gas Trusts continued to be active
attracting both a speculative and investment de-
mand The stock opened AZ % l-s against
SO l-2 last evening, and with, frequent tuctuh,
tons sold as high as Sc Is. as low % % H. ana
closed at So l-2. The reason for the hitl
exhibited by the principal holders OF the stock
al last has become public property, but az an
earlier date than 1t was intended the MAYER Eo SCu
court confirming the legality OF the Trust and
decIa-ing that IL neither had violated nor abused
its chartered lights, was l4iiy expected by INC
| owners OF the property. b" price OF gas l,
! She city OF Chicago and Its inhabitants Dy
economies introduced had been reduced nearly
80 per cent The city, IT Is stated, wlH aPPch
| from the decision OF the City Judge 70 a higher
| court. but in the minds Of lradlng lawyer
| there is no question OF the final result In view
! OF This, the company has deGId,d TO declare
! dividend Of per cent, payable from us acrrue'
earnings for the last SIX months; the dividend Il
| 10 be a seml-annual one. But the luck OF tn
| company does not stop here II had purchase,
| about SO. 600 acres OF coal and natural gas land
in the State OF Indiana, about 90 miles from Chi
| cago. After the purchase was made the Legs
| lature of the State Of Indiana passed Strngen
| law prohibiting the taking out Of the State o
| natural gas produced within 1t. The enhctmrn
| became a law despite the veto OF the Governor
In two suits brought against company whch ma
| secured franchises in jay County, aud had carrie
nv nine natural gas 60 Fort Recovery, Ohio, de
| cision already has been rendered declaring the Law
10 be in conflict with the Constitution OF the Unite
States The case will be appealed ana taken /
the highest court for an early final decision. Bat
| under the decision already rendered. the Cblchg
Gas Company will Immediately prepare 70 supp
| the city Of Chicago with natural gas Tor tueL an
expects 20 have It's pipe lines completed 20 the en-
and connected with the idle mains OF the Edultdnl
Gss Comnany which IL owns, In the city, so AS I
be abh 10 supply the natural gas early IN IN
autumn The New-York Consolidated Gas to-dh
advanced 20 % Ia upon the declaration o. sem
annual dividend Of 2 1-2 per cent, which is a
advance Of I-2 per cent upon the rate OF recen
dividends The company has been extending j
mains many miles. and for that purpose recent
sold $500, 900 Of its per cent twenty-year bono
at 40 "a
The general market closed strong nj reactions
the highest figures OF the day.
= THE DAY IN THE BOND MARKET.
Government bonds were without sale at u