New-York tribune., 1890-08-29

WHAT WAS DONE IN STOCKS.

Friday, Aug. 2S-p. m
Tho morning news relative 10 strikes on the
railways. both East and West, was all OF a
favorable character even when filtered through
sonrces riven TO sensationalsm. In fact there
anneared 10 I've no strikes anywhere. only some
trifinr insubordination the part of few LABOR
ers who had permitted their sympatmes WIN
the self-discharged employees OF the New-iOiA
Central TO run away with their discretion hV
Chicago il seems that the craze was Only loi
hours and not for days and the so-caiIed erdNi'S
Of the situation, as last nights Chicago dispatches
n,t il came near TO being farcical In lieu OF
the strikes, much was attempted TO De mace Vi
Yesterdays failure of Boston note-DroKerase
comnany The imaginary work-features "eie
nlayed 10 lively tune III wire specials from
Rost on and all sorts of complications were sus-
c,sted as possibilities. One OF the leading beaIs
talked in that sort Of style all day, while Iecoup
ing his contracts at advancing prices as i"so "'
sellers could be found. 1d
The Boston failure may or MAJ hCt DC p1u
ono bnt' IT, is beyond quest ION that cEorts nave
hecn made to-day, in the absence oil any ueiiii'e
information, to make 1t appear as pNn as po'si%'o. %
And these efforts were not without @ entc, ga @ tn1
minds OF some usually IeNeAho" i 7
a large business. ,u orI,o. az
that-after opening with some lmpro'ehcnt VI,
last evenings closing figures, sleadlly auNail''u
In the close with small intermediary hucthLtoHs
The special feature in the dealings was mon
Pacific which, after opening up '-o per zen, a.
6l IA rose TO G2aGl I'D. !here uhuO.o'cHs %
a large outstanding short" interest In thoh
Pacific the accuuuatons Induced ~ tnIce
months of apparent special wedkheSs' AtC"i9'"'
fToncka and Santa Fe stock also is largely over
sold although to-day il was strong and higher
only as the general list was SO. Pbl!adclpnia anu
Reading also has been a favorlte WIN seilrIs m iol
a profit, but to-day 1t developed no speciai ic"tuig
in tnc dealings Rock Island established a liai
Gain of only "a per cent, and The short inter
est in that stock is unquestioned =. 80,
The public nor the professionals do not Set
accept the money situation as scitcd, nor thc
fact that the strikes are out OF the way hehce
the hesitation and dulness IN the STOCK maik,'
Yet the strength and the scarcity oil STOCKS Is uil
deniable Ihe anticipated renewed squeeze IN
money over the extra holiday, the end OF the
Iycek and the end of the month, has been mucn
modified by the large loans made t,ray tlll
TUESDAY September = a. per cent lEc P,N-
mcnts for IL per cent bonds, under the circular
of August FL have ben made all OYER re cou.iy,
but wherever made outside OF New-h o[k' <d.v5 ,;.
by 50 much reduce the call 70 be lnade ". Wv
Vork for an interior movement BeslleS thc ~
demption of Sl4,000,0O0 OF l-2 per cents uhner
the late order the New-lOTk Sub-lreasuTy haS
issued S215l 500 of new money-cCln, Iegai,
lender nOtcs-in payment for silver bulAoi' Ah
this. which on August - was merchandise re-
curing money TO carry IT, has been converted in,o
lenoi money That is the beginning of the work-
ms Of tie Silver bill. As 30 the strikes, they
have all proved to be fizzles Of a minimum maghi-
tude And they have served 70 caI f fne ye,ra e"ri
The motto of Live and let live as between
capital ard organized labor, never was as hrihN
enfrcnched as il is now What is claimed on the
one hand. the right 10 cult work In body, Will
out notice. and TO eopardze the lives OF hundreds
of travellers. has been Offset by the nalhtehance
of the right Of the employer to dischnrsc' ior
Snv cau,r subject 70 revision by any power
The market closed dun and strong al trininS
reactions from the highest figures
THE DAY IN THE BOND MARKET
There was 10 business in Government bonds al
tho stock Exchange. The quOtations for all
tbe ieeues EXCEPT tie currency Gs were easier, as
follows: