New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-19
CLOSING PRICES OF BOSTON STOCKS.
r.-,on March - fSr
SOME ITEMS

Tuesday. March ls-p. m.
4 correspondent. AZ F. S." who signs his
name in full with address. propounds 10 us The
difficult problem of why Chesapeake and ONO
first preferred stock is now ruling 4 per cent
lower than it did in February. 1859, and the
second preferred and common stock are Selling
al 5 and per cent higher than they were year
ago lie SAYS: Everyone to whom have pro-
pounded the conundrum has given IT up Can
YOU guess t?7 No. cannot guess II. The
maninulation Of the Chesapeake and Ohio stocks
from the date of the reorganization Of the com
pany has teen tie mystery of the Street. If The
second preferred stock is worth 40 against II one
year ago. the first preferred stock carrying per
cent preferred dividends should now he selling AT
90 And if tie second preferred stock is worth
only 40 on its merits the common stock, having
no voting power is dear at cent pound avolrdu-
pois For an explanation of the phenomenon
that during the twelve months the hIst pTcicrirl
stock has declined and per cent WINE inc
second preferred and common stocks nave al
vanccd . and 10 per cent. J.. T. ;. Is re-
,pS,'fo{ retired Stocks " '"e who s'' s"cc the
elimination in August last have ceased TO put
the daily question How are my stocks never
thecss il is quite evident that the stocks oil tr
colnpany purchased for the purpose OF thc re-
organization have been sold and absorbed by
buyers for keeps and 50 that hereafter their
prices are less likely be affected by manipula-
The same holds true Of the Big -Four stock.
Paints right from inside either on chesapeake
and Ohio or Big Four, are no longer lying aonS
every curbsidc that man passed. But, II with
the big business in sight, President ingalls, proves
TO be onc-half the successful manager lac IS set
up for, the preferred stocks Of boih compahi,s
are among the cheapest on the list. IS he II
not the backing of a dozen Wall Street bankers.
for their own PURPOSES, VIII not save him.
President Adams. of the Union Pacific. III ms
statement before the Senate Committee includes
ONLY the business Of the subsidized roads IN the
/ system. And it is point for Congress
/ and the Government that except for
he building of auxiliary and unsub-
sidized lines. and the second mortgage
of the Government would not Dc worth the paper
! il is printed on. Mr.. AdamSs statement, although
used for effect the price Of the stock in the mar
! hct is not the statement Of the Union Pacific 5
whole system in which the stockholders are i'll
| tcrstcd.
THE STOCK MARKET
The days stock market was extremely dull and
there was general shading Of prices. But there
was no significance in the changes beyond tDc
fact that bears improved the oppOrt unty af-
! fOricd By dulncss 10 mark the figures off. Union
Pacific and Oregon Short Line were sat down upon
because % the January report of earnings. which
reflects snow bOckadcs, and of Mr.. AdamSs state
lncnt 10 the Senate committee; but ~ the conccs-
sOns there were found buyers better than the sell
cIS. In the late dealings an attack was made on
| Northern Pacific preferred. Delaware. Iaclla-
| wanna and Western was sold of 10 l3J Is and
| Philadelphia and Reading 10 40 1-ia40 3-s. The
| market. however. despite the efforts to dcprcss
| il. closed dull and steady.
The Treasury purchased 1897 600 bonds:
ncr cents, S327.1OO. at 1913, and - per cents
$4,000, at 1913 - At the Stock Exchange
! there business in Government bonds. The
n6>linal quotations are rs follows: