New-York tribune., 1890-06-11

THE DAYS STOCK MARKET.


The DAYS dealings in stocks developed no new
features. The business in the listed department
aggregated 1855 shares, against 2l9,924
shares Yesterday. and Of the unlisted shares the
rcpo,tcd sales we're s2.072 shares, against j3,sfl
shares Yesterday; total to-day 2Gl,6l' shares.
against 273,7Gs shares yesterday. There seemed
10 bc about the Usual amount Of purchases IN the
general niarl,ct for investment account. But
the speculation was dull with developed DIS
position 10 resist further advancing when Pnd
wherever the opportunity offered. Hence there
WAS an IRREGULAR market within small fluctuations
strong under investment buying and then weak
under the hammers Of pcssimists and rcactionIsts
Lake Shore was conspicuOusly weak on reports OF
IFS cut in dressed meat rates. We fear that there
is too much of truth ia the following special from
Chicago:
1t is said that all Of the reductions IN eas,-
bound dressed beef and other rates recently madc
have been started By Lake Shore OH account ,; oi
ALLEGED CanadIau Pacific competition. Idlhc
manager Of Grand Trunk says: Canadian facil5
Is entitled to dncrcntia Iust as much as HranH
Trunk. H. Is . longer route than Grand lruhk'
and there il no reason why IT should not have IL,
although, Of course, it has taken away from 6rand
Trunk some OF its business. There Is no use
ightng a road after It IS once built, ana lhc
position of IaHe ShoFe III meclpitatlnS al I t'r'r,
cuts Is absurd and indclCnsiblc. The "I"nn
frank wants good rdics but will insist upon us
diAcrcntas established by agreement. even If
rate 20 10 . non-payinc point. The Lake Shorc
is responsible for all reductions that have DfcI
made.
The Lake Shore Company certainly IS In
bad way il, with lis earnings Of S1900O.OOO per
annum on l,3Il miles Of road, il is forced 10 pay
any attention 10 what the Canadian PacIlIc docs,
which earns only 81 1000 900 on 800 mics.
Probably smaller speculative interest IN thc
stock market wOud materially reduce thc
necessities of protecting the companys nnsl-
ness and be more profitable 10 the Lake o4oIe
Tic coal stocks were conspicuousy strong up
10 the close. Delaware, LacRawanna and west
crn closed up IL at l47 l-s and Philadelphia
there was special known reason beyond tnc
fact that the buyers were more eager than thr
sellers Louisville and Nashville marks gam OF
- per cent at 90 5-s. but the advance was re-
sisted unsucccssfuly al every l-S per cent
There may b" more than appears on the surface
in the report Of possible purchase Of Missouri
Pacific by the Atchison, Topeka and santa re
Company. Such result accomplished upon
equitable terms unnuestonably would prove
beneficial to the outside stockholders Of hoth
companies. Az all events, the stock "' ,nc
Missouri Pacific during the last few DAYS has I0r
il ruled remarkably steady with nn upward tcnd-
cncy in its price. Outside Of Lake Shore all the
VanGcrbilts ruled strong.
In tie unlisted department Sugar Rchnerlcs'
which recorded sales of =? 600 shares. forGp' 70
make its usual erraic huctuation not that II ana
not dance mp, and down per cent or more
several tlnPS uUIIr NV uN. DllI tnh' ~, -,
some lct-up in that mastery" manipulation
which heretofore has felt proud Of change oi
pcr cent in many minutes From s2 al tn'
opening with freducnt changes ~ per cent IN
five minutes. il sold rs high as 81 and closed NJ
s4l-9 Let US bc thankful for this much
granted 10 a public DISGUST.
In thc final changes the gains and losses Il,, nr%
about evenly divided. and the market closed dull
ard steady.
TIE BOND MARKETS
The Treasury to-day purchased only $4,000
40 rcr cents NJ o.. Al the Stock EXcha1gc
No brsircss was done in Government bonds The
ouot atjons arc as follows