New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-21
CLOSING PRICES OF BOSTON STOCKS.
Boston, March 20. 1890.
RAILROAD TRAFFIC.

Thursday. March Cop. m.
We have printed the gross earnings for the
second week Of March of thirty eight railroads.
or the number thirty show gains and eight losses.
The list includes Of the Eastern lines only Chesa-
peakc and Ohio. with a gain Of over $4,000, and
Norfolk and Western. with loss OF SAT Ihe>
whole thirty-eght companies have reported gross
earnings Of S3l72.73S, against S2,S2s,ll5 for
the second week of March. 1854 gain of S2i4.-
G23, over per cent
SUGAR TRUST.
Tie decision Of the court in relation 70 n declara-
ton and payment of - per cent dividend for
the quarter was postponed till tomorrow But
as the counsel of the receiver of the North River
Refinery consented 10 the payment Of the dividend
if the trust would deposit in some trust company
the S74. 900 claimed to he due. including It's share
of the proposed dividend there is little question
that the court tomorrow will grant its permission
to the payment OF the . IL per cent dividend.
And for the palry sum Of $4,000 n litigation
involving the value Of $50 0O0, 900 of securities,
which has aided in reducing the market value Of
those securities over 80 per cent has been in
stitutcd and kept in the courts for six months.
The people who believe that the suit was not
nstigatcd by prominent trustees Of the trust after
they had sold out at llOdl25, are entitled 70 the
sympathy Of the public And the Stock Exchange
should be proud Of its record in hav-
ing given the trustees of the Sugar
Trust the opportunity to market an
unknown value at It's own figures and then TO
buy it back at decline of over 90 per cent.
The history of the market hardly recalls pre-
vious parallel case of absurdity. The individual
members of the Stock Exchange are daily paying
the penalty of their folly, in loss Of legitimate
speculative orders \ burned child breads the
fire. and older persons soon learn not to play
where the shaking OF loaded dice is regarded as a
legitimate game.
STOCK EXCHANGE METHODS.
Hence a market like that of to-day. Ninety
thousand and one hundred shares covers the " re-
ported transactions in the listed department.
And that at a time when all the elements and in
dicatons and the low prices are favorable to
Grand speculation. When the Stock Exchange
went into the unlisted department. business
for the sole and only purpose of overturning the
laws of trade and TO fight and ruin the Con-
solidatcd Exchange, it signed its death warrant
Tho record of the decline in the Stock Exchanges
business since the preparation Of this stupcndous
folly is a matter of history, and may be regarded
os the solitary confinement of n prisoner awaiting
the day of execution. That day surely approaches,
and nothing but an executive rcpricve postpones
it, The executive repricNc IN TINS case Is only
tho nromni action OF the governors undolng
the bad work of three years ago-a prompt kick
inc out of the Exchange OF the entire unlisted
department." The PERMISSION for dealing IN the
securities of no company that does not make reg
ular application under the rules of the listed
dcpartmcnt and that does not hcnccforth make
either weekly or monthly reports of its business
The Exchange has had three four years cX
pcriencc in it's present methods. Are its mem
bers satisfied with the result? The cNccutioner
public opinion-only waits the appointed day for
the execution.
THE DAYS MARKET.
As said before the dealings in the general list
amounted only to 90,l 90 shares. And in them
there was little of Significance Dulncss was the
striking feature, with here and there u blush OF
activity where the bears" concentrated their
activity for depression. Missouri Pacific was
their favorite of the day, and it sold of from
N 3-s TO - 1-2a1a 3-i, and Western Union was
sold cy dividend from 81 down to 81 1-sasl 3-S.
This of course, proves that Mr.. Gould, who is in
Mexico us not bullish on the market. On the
other hand Union Pacific, which yesterday sold
down TO 81 IS, closed at G. 5-s, and Delaware.
down TO 1875 - closed at l35 3s. There were
some pop-guns fired at the margin Stocks but
with little effect on the prices, although they were
extremely dull st. Paul shows mai gain OF l-S
nor cent but the grangcrs generally closed lisa
A lower than last evening. The market closed
firm at the figures.
THE BOND MARKETS.
The Treasury purchased SS3s,O00 bonds
S66l 900 4 per cents at l?3 and $4,000 i-2
nor ccnts at lO3 IL. At the Stock Exchange no
husncss WAS done in Government bonds and
the quotations are unchanged as follows