New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-27
CHASING PRICES or PHILADELPHIA STOCKS.
TIE STOCK MARKET.

Friday, sept. :b-p Ill
Tho predicted Boston failures or cmbarassmrn's
did not materializc in to-daNs news. I'm never
thclcss the bear Operators held supreme coi'r"'
Of the stock market. ;" am told had IL """"
pat" that the Barring Brothers, of London. were
SO mixed up in the financial complications Oh Sou'"
America tina, they were Obliged. or will I've COM
pellp,l, 10 let go Of their North American %rnf"">
meaning particularly the securities stocks ana
bonds of the Atchison, Topeka and Santa re Haii-
road. 1t hardly is possible 10 conceive Of more
ahsnrd story. Yet the crcduliiy Of the present
limited stock speculation becomes greater rs '"'
ab,urdity crows 70 farcica dimensions. NChiSoh
Topeka and Santa Fc stock records TRANSACTIONS
of 40 400 shares at from 80 Us down Ia 3Na"S 49,
Yet if there were a Stock Exchange Clearing '"n>
il is not proba bic that II would require the Trans
for of ; 600 shares Of stock 10 settle all oi Tie
DAYS transactions in Atchson. Topeka ana SANTA
Fe stock. That the stock Is not sul"r''" t"H
without saying. but that the short interest III
the stock, which is returning phenomenal giirs on
its earnings, is steadily and largely increasing j.
q fact that will develop before many days J.
is only ten days since Tie same people
sold Delaware, Lackawanna and western
down TO I4ol-o; that interest has not
ssss and af tn % all the the
price for Delaware, l.ackawanna and Western
was l44 a. and it's best figure was l4J. j."
COMPANY OF course declared its REGULAR quarterly
dividend of "a per cent, payable October ~,
and the company will not have I" borrow a cen,
Of money ~ meet the payment "l th' uNiuch"
after all other charges have been plh.
Louisville and Nashville also WAS attacked, ana
sold down 10 s3u 80 3-s. and mon Pacihc WAS
sold OF 10 - Is. The report Of the ''"Vrih-
ment directors Of the mon liic COihpnN.
which is a remarkably favorable exhibit. hao h"'i
about the sane effect the market value OF Tie
stock as has the Haunting Ola red flag III onil
face The hears Immediately got mp on their
hind leg, and wond lave more vi 1t, anu squeezed
the mar ket value some ] y per cent
The general market WAS lltt!c affected ny these
special operations beyond ASSUMING "a soiiihir ma"
Of dulnrs,, and ii do-no'hinE dispo.lli'i inc
market is 50 unnatural c0nsidcrIh: the echrf"i
condition Of the country business t!IJt cbihIrh'
upon il is loss Of space and time. BIt iiSht
here we want 10 Say tina; II There are ani rhiIio'l
presidents who " cUniidentially" talk about u lack
Of tonnage with crop oi ."oo."o" ~"
bushels Of corn and 400 6o0, 200 bushels of wheat
they want 10 90 Immediately INTO hole ana
null the hole III after them. with Such crops
in sil IN tie railroad tOnnao" depends upon the
demand and not dpon the supply. because tic
supply il greater tnan ever was liaulcd. me
general market closed dali iiat II presented
feature.
TIE BOND MARKETS.
The Government bond market quiet. with
sales Ol L.! per cents AT To-; ~. Inc p""li-
tious for tho per cents are slowly yielding day
by day They are now offered at ia, against
the Government purchase al l2G - Il week ago
last Wednesday. Annexed are the closing quota
tiouh: