The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-08

parativo auietness that has since prevailed ia
being improved by those interests to load IN
| again for another step In the campaign later
| on. In Sugar Renneries stock and Chicago
| Gas the programme must be patent to every
one. The first namod Is being acquired with
reference to the annual meeting, now only a
few weeks distant In Chicago Gas the
insiders are generally believed TO be re-
purchasing the stock they let 20 OF
| when the Chicago Court decided to take a
| hand In the management Of the property. The
capitalists Identified with these two industrial
enterprises are very rich and the fluctuations
that their operations make In the market
show that they have no use for the ordinary
methods OF stock speculation. They 20 In for
rapid and material fluctuations, and as Wall
street has not been accustomed to such fiuc-
tuations for many years. the present genera
ton stands rather aghast at variations Of to
points day in prices. 1t will probably get
used TO them in time II its money does not
give out
1t is useless to argue, as some people do. that
the market should ignore the industrial stocks,
because they are not Influenced by the same
conditions as railway shares. The fact re-
mains that decline in the prices OF Industrial
stocks affects an OPERATORS account with his
broker Just the same as II 1t were in first MORT
gage bonds, while u lack OF confidence on the
part OF money lenders regarding two
HSrto three actively dealt IN securities
pairs the borrowing power of tho total
volume Of collateral in every brokers' office.
isn 10 to which me sIeSt
pie out of the market The best thing for Wall
street to do is to take the marset rs il is. The
stock t Exchange made bid for the business II
established It's nlstei department, and.
os # has Eseed Chicago G%s slUGk
SS&5s Of sbo ia sSFS The
these enterprises INJECT into the mar ket from
time to time. But il they accent the liyeliness.
pegs are pulled out and the weight OF accumu-
lated speculative limos is thrown upon the
-, Events in the main are shaping In favor OF
the. holders OF securities. The railroads are
mHSnS large SrGss earnlnEs ~ spite Of Ger,
rates The Interstate Commerce law with
H. prSht6ion # po9nSS has t9tSed the san
Company. and further absorptons Of weak
roads by strong ones and alliances between
petition, may be expected Us long rs the anti
pooling clause remains nuon the statute
osoS % DS o
rates will have been established or course
gross find timo to pass the proposed nmend-
ment to the Inter, state Commerce law repeal
NIT a division Of eomrs;iiiye trans G. UNI I'm
Ger ,se OF the
the depred ations OF the subsidized Canadian
railways. but Congress seems to show no
Regarding the Granger and Southwestern
roads the favorite argument Of the bears is
with previons Years. the net are Certain to pe
fleet the low rates at which the traff1c OF those
roads is being handled.
Nfofn thA
tntricacies OF the transportation industry. wher-
ever conducted. he would unQuestionably be
mony between the railroads and between the
T r. and their patrons Is not greater: Il
road manager in the country should get the
r., ,$st i handled; %hsn one fedeets MAJ
to-day is Upward Of $4,000 miles. and that the
disturbances that Wall street hears so much OF
business Of less than one. fifth OF that mile
age. the assertion frequently made that the
certainly cannot be sustained by proof oi0'o anu
hs sst time sbd many months
provement Thetu in the anthracite coal trade
that was noted in this column early in March
as taking place. is now perceptib!e to every one
over fully six months. and which the recoG-
nIzed organs Of that industry have been I'M
again oer ne exe 20 as rye
stricted here and there BY tariff DISCUSSION.
re o hSr
given evidence OF its sense Of responsibility TO |
the business community by endeavorlng to re- |
ment Of the holders Oh p cent bonds.
ing reports regarding the growing crops.
30 many OF these, reports are influenced by
likely to be seriously misled ,should it place
implicit confidence In them. The most trust.
ESrny RszSs eed a Is
locality win be made up In another. and ii one
Sersal falls short Of PreTdogs years others are
under cultivation Is 80 large and the products |
50 yarIet that It must be an eSGeptI2na year
the volume and value of agricultural products
rs u whole.
days market stS was very quiet except for
Sugar ReGneries stock. the market for which
bore out the information given in this column
meyer interest to controI the Trust. and Hf for
silver bullion certificates. which were strong
from he sHH s to
nent showed no important changes demon
h npo the sefPss the
tons The Sl9s99 T ,Ss s T@
more important net advances were In Chicago
Gas, . cent. Oregon Transcontinental, az
yn Ia Ceaada Southern ~ Ms 80 pf0 Pa
.ifc.o Northern Pacific preferred, and Union
p nS HsSh cevia aPs ERS49 GSsS0
Texas Pacific, and Western Union. i each:
Colorado Coal, "a; Atchison, New York and
.erred. and Wabash preferred. >, a cent. each.
Ihe noteWorthy declines we're in rkohmond
md Quincy, and st Paul Z each. and Rock
sland = p cent.
Final sales compare with those OF yesterday
10 follows:
r. = 's rs xs. '""F T.? '"I -.
IAN. southern. COY COS y. y. teHt.....lIU3I 40
,,C.,C.GS La" ~, 76IIN Y y. Eng. 401s 4pk
H.. Bur. O.. .lU7S ln7 y. j. Central, 1926 l2l
'bic. 4 T. M. seq A. Omaha CON-. NJ 30
onsol GRs.....l02'S lp2H Oregon 4 r g.. 407, hh,
hes L Ohio. AK 2Ita Iacl0c MALI. +4a AK