New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-18
INNING STOCKS.
TIE STOCK MARKET.

Wednesday, Dec. Up III
After an early decline. evidently the consr-
ouencc of depression In London. the stock market
to-day responded chcerfully to better appfecla-
ton Of the work accomplished at the raiHo@"
NICOTINE an Monday The prompt action of IN"
directors of the Rock Island the Northwestern anu
tbc Missouri Pacific companies led TO general
belief that all the Western lines would adop' 'hc
nroposed agreement. II was limited, moreover
that the agreement was really stronger ""h "
annearcd ON the surface. and that before the en-
piration Of six months corporation to h''n'ec
rho compctitiyc traffic of the association was liNcN
IN no formed II was not known until long al'cI
tho close of business that the directors o' INC
Illinois Central had deferred action on the a@Iec-
mont In Itself this dissent is OF H'tlc coiS'
ouence but It's influence on the acton OF o'"ci
railways which would be affected ny Inc uh-
restrained competition of the Limos Nth'rh n'AA
prove 10 he more important. II Is 10 We d'
arcG that thc railways that once JON thc "'Noi"-
ton cannot withdraw from II WITHIN NM i'o'T ~
o,.en e ,n others should become inelhUcrS. ~"
approval of the agreement by three oil 'W pm t
Western lines assures IT'S success. put NV ~ j."
nf tho Illinois Central. may make uH"ii'i
adontion of the scheme impossible. mat 'he ~.
pcrIment will be- tried faithfully ny n'o'' " Wv
Western railways may moi be donb'eu. l;,,
Tne depression In the London malNct, H''i ~,
vvo. continued TO the close there, was "'il u,'
Gcrstood 10 lie caused by recent HF'NH -"
d,,u l.. Of cold from :hc Bank oil i'HEI"'" ~
.biu,,put IN ttcrmany Inc rates ol 'N'i'"t'-' q"
Ner,iu are still favorable 10 iur'I'I H"N'H''''
If ,nccic which Is not unusual Z" t,lN >.''".
IN, 'rumnr that the Bank OF France had hSh -
tLc roturn of a part of its loan 'o the bii'lNi
hanL, an thc failure of the Earrings was STARE"
undouh,rdlN hV the short interest III S'"'NS' ~
@u., tho loan was made for three mont rs avn
Gtti. more Than a third OF that p'noi n" cN-
nired The rumoI intended pi"nap'N, e."
aarouse fear that the Bank Of Ensl ma W'"lu .'
forced t. raise its rate ot dlsc"uu' '""TT
The hope that IT would lead 10 scllH'- " '-
stock was disappointed. . ,o., .,
Tho stocks that naturally were strongest 10,
doI we're those which are most nearly "Iwrle"
nv the efforts 10 place the business ol ne vi vi
ern railways on sound foundation ~ u"'
attracted the greatest attention. DIV us H"' ""
lions did not exceed ! per cent ana us H''"I
oain was only a half Of that hgnre II" "'I'iS
advanced ! per cent or more ana Amos VII
ont execution closed at their hlgheSl points ASl'
from This group Lackawanna was consplcu"" ~
a SLarp rise Of II per cent, and TINS lmporFu
strength. if not activity, to me otnei am
cnol Stocks. Louisville and Nashville was scco"u
only TO St Paul in point Of activity anu !!
scored an advance Of 81 per cent nv nv - i'"L
est cain was made, however, by racine Mali WIZ"
rose { upr cent on reported assurances pl laN"I-
abo LEGISLATION al the present session oi 'oh"IcNS
In General the market recovered more IMAM H'l.
Of Yesterdays declines, while many prominent
shares were substantially above Inc laS' Pi'''S
on Monday. The movement clearly proved an
ohsolute scarcity of stocks and the closing was
active and confident.
THE BOND MARKET.
There were no tra nsactions in Government bon'S'
but nuotations were firm, and, IN some instances,
slightly higher, as follows;