New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-26
WHAT AFFECTS THE MARKET.
STOCKS DECLINING AFTER THE SHARP AID
VANCE.
THE CHANGES IN UNION PACIFIC TO BE MADE
ro.n.v-ru1xGs WHICH rUT OFF RAILROAD
HARMoNY-A REFUSAL TO DEPOSIT
SUGAR CERTIFICATES.

HARMoNY-A REFUSAL TO DEPOSIT
SUGAR CERTIFICATES.
The Wall Street markets were affected to some eN.
tent by the nearness OF the Thanksgiving hohoay anu
still more possibly by free sales 10y the interests '"
have been most active recently in promoting railroad
harmony The changes in the Union Pacific board VIII
no made IN Boston to-day, and private dispatches H"
,bere stated that Charles Francis Adams would no'
write a letter on the occasion, but would orcf l''
resignation orally IT considered not lmpo'spio
that the author of the Chapter on Erie was rcacr
his material for a new work in about the same s'ra.
. His experience since he was promoted from i"Io"u
commissioner of Massachusetts, to the presidency oi INC
r,rior Pacific covers a broad field There has been
in fact no ADEQUATE explanation of railroad problems
In that period
A REACT1oNARY DECLINE IN STOCKS
The decline in stocks that occurred yesterday wa
only natural reaction after the sharp advance ine
threatened default by the Oregon improvement 'o'"
pauy and the extension Of failures to comher'ia
were considered merely incidents in the e'iier1i 49,
ton The reported troubles in the Argentine hoP'
we're not made public until little whiic oc''o -.
cose Of business The principal selling thc'eio'o
seemed TO be for the account OF interests 'n"' '
have been called large buyers Of stocks Inc ''''e
| in the Union Pacific and the Pacinc NV" "''"'r
| men,s may be significant and the accession
~ Mr. Gould TO the Richmond and west f"ln' icr'''
Railway undoubtedly indicates an u,er'na"5o ~
tranc between the Missouri Pacific and the Richmond
| Terminal systems. , .,o-,
! That a railway peace at the West follows 'hc'e
| deyelopments may not be a safe c"hcW''""' "
could has not vet obtained control OF the ROCK lsho
| Railroad and although there appears 10 oo "' 80
lost between him and the chief managers OF '"' '"'
many railway peare seems impossible until tha' Gnu
| bas hcen ACCOMPLISHED There are no Hooah""'
that tho investors in Rock Island are wiiNhs " -"
the property at anything like present prices IN SOM"
charters there is belief that the rcccr: decline u
nnnl
ipfrence Tint the principal directors mad been canp'
:. sbort ~ the stock" was answered on MONDAY Nv
p p Flower who declared nat only the ne"spsP''
knew that the Chicago Ulcers were big slcc"r''rs
| BENJAMIN Brewster, ;nothcr prominent director Ssu
Yesterday: "Thsre has been a good deal Of IA"
| about railroad harmony. | know nothing ao'o" my
,o,,yav conference but can that the ROCK Island
i in favo- OF higher rstes aud that It viii meet larry
any pefs, ms who aiming at the same P"'P''
This pavid Dows estate is not sclng any OF s s'o'"'
and no investors for long pulf mayo the s"la.'c',
~ selling at these figures. The Rock lsiahu
| Ir .. IL rcyi dividend and prove that IT has
| car,ed IL The Rock Island is rs clean ne h'ohn
| tooth in other words, and the persons VINO 'hlN
differently may have occasion to regret their teneN
| in selling the stock
worruNrT DEPOSIT SUGAR CERTlFCNLS.
! majority Of the Sugar Trust certificates nave
| heen deposited with the Central Trust COMPANY ;
! I'm. orc ~ the largest holders. who j. also
| ,,,x+,ye,v refused 10 deposit his stock YESTERDAY
and IL was understood IN Wall street that ne H'H no.
| only advised his friends 10 abstain rom ucp''lI"e
! their stocks but promised mat he Woud T'"Ion ",
! Mace on the committee. 1t was saih III DOn"H ~
his onDo.itlon that the plan of reorganization wa
| Illegal but il was urged with stu greater cHoct ina
the recent decision of the court had becn th '"c "
,e-,st. Of the shareholders who declined 10 sur
render their stock would be fully protector ny tl'
CONT Further deposit Of stock j. not eSpccteo "'
Ill there have been important ohalso' Ia NV
position Of the committee
THE PLAN MAY HAVE TO BE CHANGED
there l. GOOD ground for believing that the plans
for the reorganization OF the Sugar Reiner1cs Com
many will have 10 undergo important modhcatIoh DC
fore there IS a prospect Of their execution ~"
Attorney General Of this state IS understood to be care
fuIv following tho developments In the Trust al
though the recciversIp recently created was '"'"7'
IN assure fn protection to Certncatcholders IL j
reported from Boston that little more INA" d
majority of the certificates have been MT III u"S' u"
der the reorganization scheme, which mas "l'V''S
been outlined This by no means assures 'hc s"o"
cauyingout Of the plan devised by the trustees Io
, loving the fashion of the North American Company
the idea had been 10 secure Il charter uid'r INV
laws Of the state Of New-Jcrscy which arc so ibe'H
as to permit almost any kind of powers beng a.
sumed by corporation, while relieving inc ufeo'o''
truss deed Of the sugar Kc6nercs Company l. rX
trcmcy liberal 20 the managers or lr.I-,.c, Du' ~
can obtain an elastic charter Attorney General lapor
however. is understood TO be thoroughly oppo,td u
any attempt Of the Sugar Trust ~ complete us re
e orranizafion into an incorporated company under .
Y ! charter obtained outside Of this state lnlimatOhs
q that effect reported 10 ave recently bcch pte'
IN The heavy holders In the Trust :,
j ! rhe centre OF interest In The developments II
- r-,tcn pacidc has been transferred from here Y
II boston YESTERDAY afternoon the could party leit W.
IL cv for Boston. numbering among IL member. Jay
II Gond sydney Dillon. who viii doubtless he elerte,
: president OF the companI Russell sage George >
t;oud ard H. VI. Clark. vice pre- Ident OF th" MS
u" souri, Pacific Representatives Of the HYDE ana IN
E. STANDARD on interests also said 10 have been II
the party. -. , c.o,, =,
" for about fifteen years, announced ms s,i'penslW
e yns,crdav III had no outstanding contracts on IN
RI foor and consequently there were no transaction
"a on either side under the rule
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