The sun., 1889-02-24

| morning were In Union Pacific, which ad.
vanced Y cont. presumably on account OF the
closing OF the trust contract with the Northern
Paciilc. and. among the specialties, Manhatt al
Hallway, concerning the advance in which no
Information 10 obtainable other than that the
earnings of the company have encouraged In
some quarters snnguine views regarding the
stock. Tho weekly statement of averages OF
tho Associated Banks shows moderate ex.
pansion in the loans q loss in lawful money OF
sl,5OOO0o and. ms the otlIer items arc .nracl-
c3ilt unchnngod, decrease In the surplus also
oil about s ,5OO.OOO.
The week has been rather trying one to
aeaS stTSe bosls TShsr i than to
the tendency of railroad mama leinent Is to-
ward a higher level. Tho agitntlon of this
ing and beginning to DO marked wi Ii n degree
ol seriousness that aiigurs fayornbly for sub
s,an'ini entn results Il sccGl$ holders would
ity, for the value Of the securities that they
hold. and their ability to improve that value
ngemeht 81 their properties. decided prog
Tess In the, present ilght would be made.
II is too much the habit of stockholders nnd OF
done their full duty to themselves and those
donendent upon them when they hnve selected
ommends itself to heir judgment. They seem
!" eXIeGt some 10 one GIso !p exercise the yiEi;
expect desirable results without making any
effort ,hemsslves to secure them. They would
am! other busiress in which they might risk
their capital. and thrro Is no reason why they
should he so slotbful regarding their partner
snip Investments in railroad property. This is
n question that should apreal as strongly to tho
pocket Of ovory security holder as that Of taxa:
.ioh @ Without representation TO the owner OF
Wall street hos devoted its tme this week to
SW;atchnS S;a tho dil,lt2ry completion Of tho Inter
ress has been made, in that the eighteen COM
panes. whose Presidents are conscious Of their
selves have decided to 60 ahead with the worl;
OF completing the organization. Present indi-
include al OF the he roads thSt are. are Whn the
limits outlined by its projectors. Tho two
Southwestern roads that are. standing out nd:
Paciilc Company that it will not take any un-
fnr advantage OF them on account Of i's nj
ton. II Mr.. Gould is as sincere in this matter
as ne processes TO bo the pledges ought TO be
to tho c.. u. and Northern Company. since the
Illinois Central @ has practically pledged It's sup
sent on technicality that is every day making
the management appear more ridiculous. 1t
Is evident that the Illinois Central Compnny
not Only requires new linanciers. but new law
That the G.. B. and Northern will eventually
Aside from the fllhcous arguments that have
been advanced in favor of the companys post
tion. 1t Is becoming clearer every dny that IL is
channels. The c. i. and Northern. % in connec net.
tlon with some other roads. will discover before
channels formed by GeogrAnhica conditions to
an an unnatural route, over Its road. This iss ono
1 the oos factors noi in the aroqd hn problem
tsrsstod 01ed roads s we Hf as s"saH the ai es Of Of
centre is, owing TO the operation Of natural
causes. losing its prestige rs a terminal! and
rae p poe see Is most nS os a S w ho
ments ri, yia points beth south and north Of CHI
to combat this tendency, md the sooner It dis
covers It's mistake the better. Possibly the
Of io tbe sets p ns
tion. and some Of whom It will he remembered
assisted In piaeingth the second mortgage deben-
about two years ago. can perceive i to be their
DUTY to instruct the managers ot tho c., Is. and
Northern on this and other points
General trade reports aro Of n little improve
ment at nearly all important points. This
SF1GFbey from more
at OF the financial centres OF the world. and
at the moment the rates Of exchange do not
one market to another. Rates or sterling are
denlers take sufficient Interest in our securi-
As oompared with the iiaai prices of last Sat.
urday tho majority OF the list shows declines.
Palace Car I Sse cent st. an rreferred s @sR NeW
Jersey Central u. Denver. Texas and Fort
Worth. and st. Paul common l., each: Atchi- |
Missouri PACIFIC j.. each Cauala Southern. |
Rock Island; Reading and Union Pacific Il |
Richmond TermInnl =. and Northwest and |
Erie !, = cent. each. The few noteworthy net |
advances We're in Manhattan. A.. = cont Ten |
nessee Coal. Iron and Railroad. q. Chicago |
Gas Trust. q. and Cincinnati, Ind, St. Louis |
and Chicago. .. e cent.
Final sales compare with those OF Thursday
q follows.