Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-03-19
SPECULATIVE.
The Indications are that the Western
Rate Var will soon be Over.
Not Very Bright Outlook for Union Pacific
AtehisCn securities Extensively Traded
ln-Reading Complications.
Srecial TO the Gazefte.

Special to the Gazette.
NEW YORK, March IS.-The opinion is
hardening into conviction in the financial
world that before long the last traces of
rate troubles among the Western roads
will have been swept away. Two of the
most persisteutly active rate cutters were
disposed of last week, the Chicago, Bur-
lingtO and Northern, and the Louis
Vile, New Albany and Chicago. To
whip the rest into line now would be an
easy matter. All that is necessary is a
desire on the part of railroad managers
to do so, aud that does not seem
TO be wanting. Matters have been shap-
ing themselves that way some time past,
and it is now asserted that many leading
railroad men have positively asserted
that the rate question will be settled in
few days. Wall street has no love for
the dramatic, anu many are coutiIeu-
TALLY expecting that as soon as the time
Is ripe peace congress of some
sort t. which last weeks doings
were a prologue, will be sudden
" declared with blast of
trumpets. The time will probably be
chosen carefully, otherwise a large part
of the job would be lost. Some iuti-
mate that the full effect will not be felt
unless the declaration is postponed until
the tight money Luguboo is disposed of.
Union Pacific enjoyed the doubtful
honor of being the most active
stock traded in our stock exchange, the
unexpectedly poor statement of earnings
published yesterday not yet having spent
its force as a bear argument. The
gloomy prophesies INDUCED in by Mr..
Charles Francis Adams yesterday re-
gardng the future of the road
should the Frye bill become
law, were not conducive to rosy
views of the oompany's prospects,
neither was the statement of operations
for 1889 submitted to the committee.
According to this the fixed charges in
creased over 81 900, 000 in 1889, leaving
a surplus of $3.50, 1874, against 81 ,5S6 PSI
in 1888 and 81 ,945 $40 in 1887.
This is not q pleasing statement and
further computation shows that under the
requirements of the senate bill the sur
plus would have been S347 1895. The
bears on the stock were inclined to use
Mr.. Adams uninviting statement of the
company's condItinn for their own pur-
poses.
Atchison securities were extensively
traded in to-day on the stock ex-
changes in Boston and New Y ork. A
was for New York account. There Is q
plentiful supply OF favorable talk rela-
tive to Increased earnings, to pos
sible future payments on income
bonds and TO the voting trust.
The annual meeting of the stockholders
will be held on May aud proxies are i'll
good demand. A dispatch from Boston
announced that the earnings for the first
week in March showed an increase of
SIP ,697.
Spencer Erwin, the Philadelphia
broker who represents the holders of
Reading stock in that city, has been
cited to appear before the arbitration
committee of the stock exchange at the
instance of Wormser & Co.. to settle a
dispute regarding commissions arising
out of the recent deal in Reading. Mr..
Erwin treals that matter in a iocose
manner and insists that there is nothing
in it, that it Is simply one of the steps
taken by the WOrmseTS in flibus-
tering for time to make delIv-
cries of the stock they sold
short for which they are counting on
block of Reading stock now on the way
from London and due this week. Simon
Wormser refused to discuss the case,
and said he was restrained from motives
Of delicacy from Going so until the case
had been heard by the committee this
afternoon.