New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-16
Total ....... $27 40G,4i7 so 1856 s33.02G 100
WHAT MAN DONE II SIOCkS


There was only single instance in tO-day's
stock market that not In syInpathy-Only
partially sO-wlth the general conditions which
make values of railway securities. Ii was duil
and undressing market To the active trader.
lie reported dealings Ill tie general department
OF tie stock Exchange amounted only 10 l12,234
shares, and i'll the unlisted Observation-Disclosures
sccurties-OnIy 233Sj shares. We leave the III
dus trials ont Of the question, because they are
subject entirely 10 an inside manipulation. Nhct,cr
Sugar certificates will rise 100 per cent bclOre
they decline 10 per cent IS problem that only
they arc continuous menace 10 The general mar
ket The reorganization Of the property under
the laws is wonderfully DELAYED. And of that de-
lay the insiders are taking advantage continually
10 milk the market.
Inc general stock ma rl1et To-day. with
dul! movements, marked general advances, till
an aggressive selling movement of chicago,
Burlington and Quincy, accompanied hy later
report of a strike on the road, suddenly marked
the price of that stock of from 103 IL 10 l0l
on sales Of 900 shares. The report Of strike
al this moment seems 70 be pure and simple
lie The two or three brokers who had the sell
ing orders acted as if their orders read: sell
1T down rs much as possible with a loss Of not
over 900 shares The yumor OF q strike fol
lowed and did not preccde the raid The recovery
10 ! % i? made with small legitimate trans
actions. IL is clearly evident that the hears
were looking for an unprotected spot. Finding
II in Burlington and quincy tire match was
decline, for which there was 10 known reason, IN
dull market, there was a sympathetic response
This is the local speculation, led by operators
who buy largely short Of stocks ana ale or the
verge OF desperation. They for week have
pleaded mo crops" and tight money 10 help
them out Of tlcir desperate situation. Bat all
ibc favorable elements IL them count for NOTHING
against The fact that there is an abur-
dance Of money 10 60 aropnd and the absolute
scarcity OF stocks IN the street They continue
TO harp upon the Treasury absorption OF MONEY,
Now the Treasury tonight holds III its vaults Of
gold. silver and grecnbacks exactly SCI ~ nor.
than 1t held July 81. Allowing Tor We tN0 weeks
silver coinage OF silver dollars It's actna absOIptlH
OF legal money in the two weeks IS reduced l."
about 100000. What has made II possible f.!
Slylocks in the stock market and in National
banks 10 manipulate the late hian roics 'pr
money has been The export Of s. ,50OO00 gold
bars which was male possible by the Treasury )
consent 10 exchange its god bars Tor coin or
certificates. That cNporia,ion q gold has
raised the bullion holdings Of thc Bank Of Eng
land mp 10 over f22. 100000, against t2l14l 600
~ the same date last wear, and its ratio OF
reserve 10 liabilities 10 4l.03 per cent against
3711 per cent year ago. The Bank Of Eng
land is indebted 10 the large resources OF the
United States for it's recuperation 10 better than
its average yearly condition, but the stock
Gamblers combined with two or three National
banks whose names it is not necessary 10 re-
neat have used the occasion in the one case 10
mark prices of and in the other case 10 reduce
tLr volume Of their standing loans.
The general market was 50 duh that IL more
or less sympathized with the raid on Burlington
and Quincy but before the c! osc there was
general recovery. ana prices almost universally
show gains on last evenings figures. II is an
uounccd officially that ont OF the 100000
shares OF Oregon and IIanscOntincntal stock,
3e5sG4 shares had been deposited fol exchange
INTO the stock Of the North American Com
pany, leaving only l4.13G shares OF the Old stock
uncXchanLcd
low the HIGHEST Of the day.
The OREGON improvement Company to-day de
clarcd dividend OF = per cent on IT'S pTcc'reu
stock. Transfers vii cosr August -; ana reopen
September 3, after the payment OF dividends on
Confpulhpr .