The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-25

manifested In the price OF silver In London.
| Then Il was reflected In the London market
| for American securities, and thus, In this
roundabout way. our market was reached.
Rumors about the probable results OF silver
legislation. 1t is safe to say, had little direct
| effect on our market but the end was attained
| just the same.
Another very apparent reason for cessa-
| tion In the upward movement was the desire
to renlize profits, both In London and hero.
The weakness OF Atchison and Richmond
Terminal. following the announcement OF tho
financial schemes OF each may be set down rs
partially the result OF the natural desire to sell
which would follow such rise as each had
had. and Of tho unthlnkinR instinct which led
the traders to conclude that because there
was to be more OF the stock 1t must be
less valuable. There were also special causes
In each case. In tho case OF the Atohison. the
terms OF the deal were not known until TO- DAY
In the case Of the Richmond Terminal It now
seems to be pretty we'll undcrstood that ono o.
.he prominent inpl1ers let 20 q large DOCK OF
his shares at tho, high figures. This Of course
depressed the price ,,,, .,,o,
=. st Paul has commanded considerable att Ten
ton during the latter part OF the week. Inc
dealings IN it have been hoavy, and tns ener55
gettc bull pool behind II has put the price up
mors that Vanderbilt interests will DO rep
resented in THO directory suffice It to say az AZ
was the. main object sought Tor ny ne
s"'I setle@Snt Of tbs vsxei rrohiem .oi
Northwestern lnke-ana-rail rates helped 81.
rdads bse IS spoc sh S to
that such n settlement may tako place. little
has been dunc rs yet looking TO tnat en-: III, IS
results. ,,
Inns been much discussed among tho thinning |
mon OF Wal street, and has met with nothing
said to have originated with Chairman WALKER
Of the Interstate Commerce Hallway Associa,
carriers may enter into agreements to app9r.
ton the carriage Of competition traffic ior the
It's q sSse Il dSea not
that any considern bic class Of the community
can offer objection to this carefully, 6 PreraITed
ing evil Without some Modification OF the
present provisions, OF the Interstate Gom-
Ing, settlement, Of rat wars seems well
niGh impossible. and rate wars benefit
will be benefited by anything which Injuries
rHhee with rate V vars runons compoton Of
railroads. and the consequent upheaval anu
bsn ,SSy AGS they any
The bank, statement was the most interest,"
ing factor in to;day's financial situation. 1t
According to it lhe banks now hold s g
|
urY absorptions during the, past week were
over $1.500UOo. the statement
shows a very great Improvement In the money
market. The statement. too was made on
rising averages HENCE it mGy b be inferred
ably better than the figures would indicate.
Money is now very plentiful. The fall In rates
during the last few days shows that a
glimpse ut the actual transactions shows 1t
now. This state OF affairs Is partly. due to the
OF money to this centre in the nat
Iral course of trade. 1t is partly due to the
'act that money poured in here seeking the
llgh rates which prevailed few days ego.
active features OF the days stock market. Tho
ormer broke 81, points In the early dealings.
md the trading was very feverish Tor while.
Atchison went down IN response TO a multi
red the drop before the close OF the market.
)istillers' and Cattle Feeders stock advanced
harply on a variety OF reports. 1t was an
bounced that control OF two important distil:
pirlts and alcohol had been advanced
ents q gallon. There were also rumors that r
vdends would be increased soon. The mar
ct closed at about the best prices on the
trength of the Park is sfafemen 1cos
rday the, list Is irregul ar. The more impor-
ant net advances were in St Paul, y cent.
Wheeling and Lake Erie preferred. ~; Colo q
ado Coal. II: Texas Pacific, \; Northwest
and MH Gin: chic and St Louis. Rock Island.
Chesapeake and Ohio. and Erie. y = cent. {
ach. The noteworthy declines were In Lacka- /
wanna, "a z cent. Chicago Gas, New England.
nd Pacific Mail; Z each; Delaware and Hud-
ake Erie and Western preferred, Reading. = Il
ach: Mexican Central. r. and Missouri Pa
fc. y y cent
Final sales compare with those OF yesterday a