New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-13

holders Of stocks proved their patience ~ avail
ing more favorable opportunities Ior seiiinS t sio
attacks BY their foes were nothing an Sonble in
difference was apathetic market IN Wlcn ,t Sie
principal movements were In sPecal sTDckS s,O
were affected by peculiar condluOhb lH nc t'"na
however was not without interesting IeaIuIEe9
The changes in the AtChSon management, W niCn
promised TO mark new era IN Liie 0G bndm az.
pected and the assumption that the election OF %
rrenresentatives of a foreign banking mouse as
sucs financial support can only b DE pSpors in
deed that the Earrings are oppOseu 10 q ooeiIno
Of interest on the funded Obligations OF the COLI
panv for the simple reason that they mariN StSi
co large a mart of them. 1t is not lmpoSsiple
thar by severe economies and happy condlCloLSS
both ends may be made TO meet az the ciooo ~
the year but more radical changes IN the manaSe-
mcnt would have been considered SAFER promise:
IL happens moreover, that IN one instance AT iesU
new, member heSitt,sS 70 p.or 1"dptcd as
saving that recevership could hardly DC ayerteu,
and because his interests in Missouri i racdn1
naturally would make him nope Io[ u'iaei liz
result, this opinion mas peeh res"lu'" " " 10y
interested one. .. 80 .bo u,eelr
The most important occurrence OF the Wee eS
was the default by the St. Louis, Afkahsas anu tL
Texas Railroad, which did much TO checK the
Improvement in railroad securities. Inc revert
ton that the May coupons, which had oeen al;
ready paid were being kect ahye as c3liate ,rs
for advances was calculated IN disturb the conn.,
dcnce of holders of all American railway bonus;
The official statement that it was not INTENDED
TO ipcIcase the debt Of the company or 10 give
the new obligations priority in lien, does not
nltnr the fact that if the attempt to buy the
coupons had not been checked the right 70 lore
close would have been conveyed.
Minor Developments were q contest Tor the con-
troll OF the Oregon and Transcontinental Company
nj the approaching election, and a large increase
in the capital stock Of the Richmond and WeSt
Point Terminal Railway. The reason for the hrst
is the difference between the Union and the North.
ern Pncifo companies about the Joint lease OF
the Oregon Railway and Navigation. Control
of that stock is held by the lranscontinental
Colnpa-y and to secure it would be great ad.
VANTAGE 10 either Of the rival interests. IT was
consequence of this contest that Oregon and Trans
continental gained l per cent in the week, while
most stocks closed materially lowe, and Atchi.
SON which easily kept the lead, lost 80 per cent.
St Paul which was second in point OF activity,
advanced I-2 per cent. The dealings IN these
three stocks were considerably over third Of the
total business The dulncSs of the general market
needs no further exposition. At the same time
the real owners Of stocks held fast to their faith
in the future improvement OF railroad business.
n faith justified by the brilliant crop prospects
and even by the present reports Of earnings
Subjoincd Is usual table, giving ire number
OF shares sold of oil stocks, the highest lowest and
final prices Of the week, together with the final
prices of u week ago, prehxcd by the average
prices OF May IL, 1888: