New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-27
QUIET IN WALL STREET.
RETIREMENT OF 100000 IN CLEARING
HOUSE CERTIFICATES.
STOCKS MOVE Up on BUYING FOR FOREIGN
ACCOUNT-THE CHANGES IN UNION PA

STOCKS MOVE UP on BUYING FOR FOREIGN
ACCOUNT-THE CHANGES IN UNION PA
CIFIC-AN ADVANCE IN SUGAR
The changed condition of affairs in Wall Street was
shown yesterday by the retirement OF S2ooooo OF te
Clearing House certificates recently Issued The name
Of the bank withdrawing certificates was not maze
known although the seal OF secrecy might have been
removed when the issue Of certificates was reduced
The stock market advanced smartly on buying APP
parently for foreign account. The satisfactory
progress of the fortnightly settlement at the London
Stock Exchange and the occurrence OF Nauoh'I
holiday in this country may have combined to advance
prices The changes in the Union Pacific management
at the meeting Boston were OF much less Importance
and the troubles in the Argentine Republic reported
through London, were absolutely WITHOUT erect
Whether the Gould supremacy In Union Pacific and the
election Of A. F. Orr as director meant pr"c'!cai
control of the Rock Island Railroad question that
WAS NOT settled The advances in Union Pacific and
The chief Granger shares were an affirmative an
swer although intimate friends Of Mr. Gould could not
confirm the apparent reply, and prominent directors OF
the Rock Island Railroad only laughed at the Sugges
lion that Mr. Gould had secured control OF the prop
crty The buying for London account was reported TO
be covering of short sales, but even about TINS iact
there was great deal of uncertainty
There is no doubt that commission houses have re
Gently shipped large amount of stocks TO the other
side Of the Atlantic As rule, the spcculations for
London account are conducted by purely arbltrage
brokers who either buy sell according to the differ
ences in prices. The brokers engaged in the business
we're eager buyers yesterday at both the opening and
the closing CT the markets. 1t may be Inferred there
FORE that the foreign belief in railroad harmony Is
greater even than it is in this country.
Wall Street exceedingly quiet. although IL
had a laugh over the Boston dispatches about tie
Union Pacific meeting. The first statements that Mr..
Gould in Boston on account of his health ana
that Mr. Dillon had not yet learned to talk. were
followed by Others that Mr.. Dillon had accepted the
presidency and that Mr.. Gould and his friends were
In supreme control. II was suggested That litcr a
little time the nion Pacific directory would include
names as famous those In the Western Union Ielc
graph Board. one two of the directors OF the
telegraph company are said II have received SUI
stantia recognition of their services. IL j. possible
that the next changes in the Union Pacific board may
be instgated by interested motives. ,
The advance In sugar Trust stock was eXplineh
in many There was no indication tlEit the
trustees had reached a harmonious conclusion about
the reorganization aud the deposits OF the stock al the
Central Trust Company were said not 10 nave D~h
increased largely. rs about one half OF the STOCK
has been deposited, corner In the other hall Is not
beyond the reach OF probability. An approach 10
this condition made by the sharp rise YESTERDAY