The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-18

warning railroads west Of Chicago. Toward
the close Of business to-day frmer tone in
the market for tho stocks OF those roads re-
vfvod reports that q truce was in sight. II is
quito likely they wero based entirely upon the
prevailing impression that freight rates are
to DO advanced on Monday, In accord
ance with tho resolution adopted by the
general managers Of tho Granger and South
western rouds Inst week. 1t should be remem-
bored however, that that action was taken
with the view Of conserving traffic, and returns
pending an adjustment OF differences upon n
permanent basis. But negotiations to that
end itll tn, ouni, and it is question whether
the resolution referred to, which is at best q
very unsubstantIal method Of dealing with
rates, will he enforced.
Thu most hopeful developments at the wost
are the rapid and radical reductions in passen-
ger rates. Cuts are being made in every
direction. which would he appalling TO the av-
eraae owner OF railway securities wero 1t not
| fer the fact that the volume Of traffic affected
Is comparatively small. The slashing OF rates
asTbecome SO general that the original issue.
whatever IL may have been. has becn lost sight
Of and it is doubtful II even the railroad sub
ordin ates themselves can furnish any salts
| factory reason for impnring the Income OF the
corporations which employ them. Considering
! the large financial plans that many OF the
J
about time for their executive officers to put q
| stop to the nonsense which appears to havo
| become fashionable with the passenger depart
ments Of their companies.
| This Is an appropriate time to redirect atten-
| tion, to o valuable suggestion that was made in
| thin,column q few weeks ago. that the making
| OF 1ates In general way should be vested in
thetExecuttve Committee, or even In the entire
Bosrd Of Directors of every railway company.
hk 1fo fha
subordlnates OF certain Of the Western roads
| we're regaining tho authority OF which they
we're deprived o year or so ago. In viewing
this situation account must DO taken OF the
tendency Of the railroads to ignore the Inter-
Stste Commerce law. That tendency 10 not
surprising. since the Commission intrusted
With the enforcement Of the law is constantly
hes too much 60 do or is Incapable Of dis
charging the duties imposed upon Il It is
leek Of Determination In oleotinR the duties
that i win discharge. SO far as can be learned
tSb West and Southwest, where It 10 Notorious T
that its provisions are being violated daily. or
Rs sSo Tn
notices Of advances and OF reductions
aas but what SH shs h S%%ssy
P Is p shGa ss of
9 Sasig estisfactoTy. 70 themselves, their re-;
oSdpt5 nom competitive tranic. At the present
dommeree law will DO dead letter upon the
etatuts books; except as TO proyisions that
rSSYS Mreauy eefome incorporated into rail-
Tine se.iyify tesday centred in OREGON and
Ipuch higher prices for both OF them. Incl
dental s to the movement in the first named
81 sSe osme
SSr %. Oregon TrSnsSoRt1ensnl Is showing itself
basis can be- gtvan ara tob
.ot for the stock AZ indiesttng the character
sost Shis5 Mr. wizard 's'i iaseres sai
eventually attach TO Oregon and Transconti-
mental stock whom the company has been re-
There Il an abundance OF good material for
speeuletoEs e bull the mark ct upon; and plenty
sDscqlssion n Wa! street the ssocf marRet
sSle Of EesEnesss whie Ss' ut%a9e7y
sssps sa azo IN. ifsroSsR5 with Ps
moYEsmens to fGreses any weak spot, in the
fer aSd LIE 81 shstes
sS
|, TIE advance in Reading tho last two, days
sSa the q 5f ts 10 sSs
r RnF dss iSs ss 81
%g5t better ssGI in ways 5hss wIlI readily
: s5ss and ,senpIsso gssseiRept 0 OF ftS
Rss report oarnm SS m61n aeR%i'es
S1 I hf FSsG eomp ss
n1ss VII VII 30 the only important railroads that
arS ssa hs public the
q Ro9ePs Mi s' bs
majority OF the stock obtains full control OF the |
ascs o. s
Mr. Gould to gracefully lnauR urate monthly or
% ts r. ssPod M MTs F e &
tie sTtent q 1900 900 ant AZ the same Tine aS
Mountain bonds, which road is the most impor.
tant IN the Missouri Pacific system. are invited
although both propostion have been before
souri, Paoido funding plans 4 the management
publish the earning for Cd Oh month as soon as
ting figures can DO made uio.
psas@ent t than her ,toiore IN the mattep
e Is Gey e 4Tq s raS9s rs
every ease, and 1t will DO interesting to observe
whether the Stock Exch anRe, will have the
oouragoof its conviction to do its duty to its
list some Sl50000O0 of NEW securities of tho
Missouri Pacific .systom. 1t would seem that
are In favor Of the limo, alton. could not do a
more polite thing thai to anticipate the de-
make through the. STOCK Exchange.
The money market al well as the Western
mind to an extont from the prime support OF
The market for sef urtties, ~, namely. tho
certainty OF silver lekisl alton. The monentary
situation at this cent . is not, however as
serious as the rates flor call loans the latter
believe The movement OF money from the
ppterior to this centre has been heavy enough
but the important facts to hear Ia mind are
hat money in the on en- market in London is
lh@2 ? cent. and foI eign dealers are taking
carrying tho rate Ter sterling exchange to
figures that will soon Indicate trade balance
an faun