New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-24
IN i using PRICES on PHTTApELpHfA sTocKs.
WHAT WAS DONE IN STOCKS.

Wednesday, Jan. 23-p n.
Not one of Yesterdays rumors Of rate-cutting
On passengers at the West was confirmed by dis
patches 70 the press; on the contrary. this morn
ing's Chicago Herald" says: Diligent investi-
CATION fails to bring to light any open cutting
of rates or serious developments that are likely
TO precipitats war on passenger traffic. There
is no doubt, however that various devices which
amount 10 a practical reduction in rates have
been practised by one or two roads. The Wabash
is charged with paying commissions to ticket
brokers and with using mileage tickets Improperly
In regard 10 charges made against the Alton,
Vice president McMdln says: The Alton has not
cut rates by any device Our books are open
10 any disinterested committee for examination,
and will wager 81 900 that the charge OF will
fully manipulating passenger rates cannot be sub
stantiated' Traffic Manager Wicker. of the North
western says freight rates in the West and North
west are being maintained better than at any
time In two years.
The speculative effort to-day has been devoted
ia the creating Of expectations OF results OF To-
morrow's meeting OF presidents az Chicago which
will not be realized; there is no probability that
rates win be advanced at the meeting Rates
wers advanced January l. with an agreement to
maintain the advance for sixty days pending the
complete formation of the Interstate Association.
And we have the testimony of the traffic man
ager Of the Chicago and Northwestern tnaS ine
agreement TO the January l advance Is Delng
maintained better than at any time In two years.
A high official of the Atehison, Topeka and
Santa Fe Railroad says: The mileage Oh the
company was nearly doubled in 1885, Inc
money was expended for such construction di-
rentlv from the treasury OF the company ana
none of it went 70 directors pockets, directly
or through construction companies New hhss
their incomplete condition and with the
low rates which were forced upon
us These deficiencies arc usual with new lines
and generally are called advanccs-assets3Iwhlc n
will BE repaid out 9f future earnings. But az
the last meeting to consider the quesu9h Oh o
small dividend or none, il was determined 70 re-
gard these assets as dead loss ana ro 20 pun The
FINANCES of the company are easy unler tne blan
adopted in last October. and the company Is lnus
put in position TO reap the beneht Oh any IMPROVE
ment in business and rates" "a,
The company holds in its treasury eapltalizzaa-
t1on OF Sill 900, 900 which cost 10 S9SVvo,HvSu,
The forthcoming statement wSh VIII Tre
understand, will BIO made on BASS wilon MI
nut the c0mpany's auairs IN the NCrsS pOss .io
light and yet it will leave II vsy uroperty
Seldom has the stock market oeen caileu upon n
"a resist n more determined pressure to ccsak ~
than that launched AGAINST IL Srom no eombina
ion or clidue but only from an absorption Inc
attacks rmined and ReIslsttenh re Maic
ing oIue e1os 40 meet the demand at the conces-
actual s Tbe result sS e Of this determined effort
dull market dGne . OF sSsS per Of cent s pSr
the IY;en paciiic "a per cent for Lake Eric
cene I Western preferred and ST. Louis and san
Fra and 7s per srs cent fSr Of S fore
ana N"S'' Ia for Missouri Pacific. The market
closed strong. ,,,,, ~, poNnc
Government bonds were dull and steady at
Quotations as follows: