The sun., 1890-11-23

the rate situation. II q tractable spirit has
not been inculcated all around. further chas-
tisement may be intended. and. with tho short
interest largely eliminated from tho market
the rod can be laid upon the backs OF the stock
holders OF certain companies even more Of
fectively than heretofore.
The end desired might possibly be reached in
another way. namely. BY demanding the res
iRnations Of the general traffic managers Of
certain Of the roads running west from Chica.
go. which have been the greatest offenders in
the matter Of securing traffic which It is gener
ally conceded does not belong to them. One OF
the largest owners OF railway property. whose
Investments are not In the territory OF the
Granger or the Southwestern roads. but who ID
nevertheless familiar with tho operations OF
those roads. said to-day that very large part
OF the irregnlarity In rates can be directly
traced to four or flve traff1c managers whose
headquarters are at Chicago. He added that he
he would no more think OF employing one OF
them upon his system Of roads than he would
OF inviting burglar to sleep In his house.
But the responsibility should not be placed en-
trely nron dishonest officials. The Inter
state Coinmerce law, and the communicate
cuts IN important hsurs in the railway prob.
lem. Other important considerations. which
have not yet cSme to the sprtace viii! have 70 be
apermanent and comprehensive readlustment
OF rates can be effected. Among other things,
sort and another Viii have 10 bo swept away.
and that will be no easv matter For. futile as
hs ana hsy viii %
required t. exterminate them.
The rates for call loans the last few days
That, however, Is not tho case. There. is al
ways a certain amount of capital ava liable lor
verted to other borrowers, and as the hea West
purchases OF stocks this week have been for
;Hsh or to cover short contracts ths supply Of
Offering. and until /. is ob,ainahe In
mission houses are not likely to Increase
their otlieations at the instance Of speculative
Ps sGsSen % S Ss sS seon Sf 81
the Fourth National Bank yesterday in decid-
ing to take out Clearing House certiil, a,es to
ent the banks can increase their accommoda-
tions only by using their reserve and relying
ences @ at the CIenriSs House. Tbs co Condition
OF affairs is not pecnl arto New York: but eN-
die,ei tha. Chicago vii have to ado adoDs similar
Ihe sia;emssn. @ 9, the Clearing House banks
which Is not accurately rehe .ted ia shs A. AZ
p1s than hhSna at esy nST-ssyd Tsey
thar item item; however, brings the banks above
Rsy ss ss .1ooG % I in .wa one5 shoT TSe
statement shows, together with the com
Eousa an small amount of Clearing rim;
nolisy. The stocks hat have rallied The sharp.
h Mh
Northern Pacific preferred. In the excitement
created hy moIe important events. the troubles
temporariy lost siehs Of and the msrset marx ee for
stock has been comparatively quiet, as be-
Ssqs
plan e ieorsaniy alton issued some time
breach between the factions in the manage.
ment Of the concern. and progress toward reor.
rust ment? oned. The fac, Il hat the prop 'sed
plan is not qscentab,e be, to the legal representa-
ee Mesf
fresh entaneling litigation. The report If the
interest. may also &c made public during the
w. To- days market was active and very strong.
The features M we're sharp and ;s sustained ad-
dealings were fairly We'll distribnred hut the he
movement TSs Of H., prices G Nv was far fSom unif0rm
Stock Company had no rerceptihle effect upon |
prices. Details OF that event Will be found in |
- As comparei with the final prices of last
Saturday. the entire li-t is higher. The more !
important net advances were In Lackawanna. |
e.. { cent; NoGthern Pacilc preferred. 6'.: !
Gas; 81: Union Pacific, 81. !: Louisvile and
Nashville. A.: Atchson and Sugar Refnertes. |
Missoupi set pacis 4, g.: Paa ap' ~ Canada
Southern. .3a: Northwest. ,9,,; Lake Shore. |
"a: New England 81; Rock Isl and, 8: Vest
York Central. ~ Reading. q. Pacific Mail. 2:
National Lead Trust and North America. Il.
each; southern Pacific and Texas Pacific. g.
each: Wheeling and Lake Eric common. II:
Erie and Wheeling and Lake Erie preferred, |
Ia p cent. each.