The sun., 1890-11-21
FRUITS OF THE BIG DECLINE.
DETAILS OF TIE NEW CONTROL OF
UNION PACIFIC

Easy s.a tho Market Dali Yesterday.
The affairs Of the Union Pacific which are
now to be settled definitely on new basis will
10 publicly rearranged toward the close Of next
week. probably on Thursday. At the meeting
for reconciliation. Mr.. Charles Francis Adams
will retire, TO be succeeded probably By Mr..
Sydney Dillon and the new Board Of Directors
will include Mr.. Russell Sage. Mr.. Jay Gould.
MIR. Alexander e. Orr. and probably Mr.. Horny
B. Hyde The Vice. President who will be the
manager. living at Omaha, has not yet been
determined upon. This brirgs the two great
systems OF the Union Pacific and Missouri
Pacific into practical agreement. and is . long
stop toward the perfection OF another Presl-
Sientss ARreement-the undoubted purpose OF
MI. Gould's recent efforts.
Except In the prices recorded on the Stock
Exchange. there were no traces In the stock
market yesterday OF the events OF the last two
weeks. At times the market was actually dull.
The feeling Of nervousness that has aged the
Wall street community since the stock market
eeGsn early In tho month to foreshadow the
embarrassment OF Barring Brothers l. Co. dis
appeared altogether yesterday. While no one
wss willing to assert that there would not be
further retreat. the feeling was general that
hereafter It would be desultory. and not under
1re. The suspension OF Barker Brothers Il
90. OF Philadelphia and the run on the Citi-
ssns' Savings Bank made the street reflect
upon tho possibilities Of the present shaken
condition OF credit tho world over,
Only few stocks fluctuated widely, notably
nSmsd name dselinsd three points and the last mar
rowed the difference bstTssn them By mSyins S;Is
s%ss 81 Il. T4 Sse Tesss Ssn . noS
81 the two stocks. and Ii looks % II Mr. Gould's
predietion that ths, rice Of Missouri Paci,c
snS Of the Tie ysar ' might be fulfilled any any day.
Reading stock and bonds we're heavy, upon
S Of h R ns % R5ass
that are actively dealt in. It's troubles have
number > % Of undsrt%asinss % to Which It has s.. ad.
vsnced money upon securities which asf hsd been zen
Sharieston, Cineinnati and Chicago Kaiiroad.
Interest, news Of the actual relations between
ths X Sp hs snd n - fT ". % ns
hss sSe
With the exception OF Rock Island, and one
OR two specislties the tone Of the stock IN market
made . favorable showing In its weekly state
nsnt. published yesterday morning. and as its
ahs " ss
at this centre. Private cable advices from Lon
eoiro6orate ths yisx printed in The Sun few
days ago that the firm Of Barring Brothers&
. a seR Il. Hsa
s%oans isinsily a. "a By he Bank oi EDs!a
iirm was announced is well nigh CONCLUSIVE
evidence that there arc possibilities Of profit
WSes rs II
stood hsIs. conmissicns on the underHriti1e,
ton. and also IN subscribins TO the - stoCE ui oi
:ss: s: az sSS 4. ssa sub
day It wss unsnimousiy, decided to knock OF
Sss1ins Houss az and % 70 issue % tSsn q
the legal rate Of interest II was also decided,
ssas s: 6. Hs q Ss %ssF1 asss
Fss ssssl s.stsnss. 81 vi 5. d issaed
e. stss sa "a
SH their es % sSe
S.ess Of 5Si. v:ss sSsd lssss
isSa..: we're n. a. hypsrerisissi lsssrdins
Sen shsy 70 Ra3. Hs ost tser 6eaas
shs 81 mssEss s IS ~ sts1i!ss szs6ssss; shisS sids
iss: which vas e eonstder.bis extent r.:
sessr ios brokers' ' 70 carry stooks. T Is a sssers
Of the most actively dealt In commanded
or1hsrn Ss Fse9s Railroad de-
olared yesterday It's usual quarterly dividend
oi per gent. and the Chicago. Burlinetop and
s osn
81: 81 9S i s s ns
n thn rn,.lA roAV ffo IiutI
The Northern Pacific declared its dividend
sn sndns su h%SrE % Of ps % h
operations Of the road and si6o, H 900 from i IN
G@ e: the re
company Siii carry :lio M 900 900 to account q, sHr.
ss " bsina 0n
actual buyers continues, and suggests q Very
Sc sss ssss TaH Rs
ss.r and IN wRss
eyer results may, be obtained for them BY
the same railroad managers whose conduct
& %heS pG TSsss
people have gone Into partnership in the rail-
a. 70 "
PseA constrained to dispose OF their holdings
bscauss OF their dtsgust. or ON account Of their
ehis6S By the toleration Of vicious msthods in
the manaSsment OF large percentage Of rail.
disappointed In their inyestments as their
predecessors. II they do not show an active In
terest ip the management Of the properties in
which they have become part owners.
Every one Of them shonld formally COM
Runioate through his banker or broker with
the great banking houses which stand ready to
hssist security holders In the aggregate to en-
force their rights in the matter OF managing
the railroads in which they are interested. BY
doing SO they will help to crystalline the. move
mont which Is gradually taking shape. having
Tor its object the Introduction OF new methods
In the handling OF traffic, which will stop rate
cutting and reduce competition to minimum
Hths leading banking houses OF this city are
eoipg 70 participate, in that movement, or
b accelerated. the smallest holder need have
no hesitation Ia addressing any one OF them
with the request that they act for the protec-
ton and to promote the best interests OF all.
The following ta an authentic account OF the
manner In which some recent changes In the
uanagement OF two or three corporations have
r"%h r%hs1 S The Gould sep,:.snts,t'on ,9 in Pacific
some time ago there was considerable COM
Gould was put out IN each case. This, OF
course. was only conjecture. destinations
were rendered, and neither, Mr.. George Gould
nor his father showed the slightest annoyance.
There hOVoyar fAAlinQ And N mn n