New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-14

Thursday, Feb. l3-p. m.
il was another dull day at the Stock EX-
change. and one IN which the unlisted depart
mcnt contributed over onc.third of the total
reported Transactions. Sugar Trust was the prorll-
ncut feature II rose from "a Al the opening to
c6 .-,, and closed at 81 5-s. Cotton oil also was
more than usually active al IS IS
go 3-,u2S I-aa2S 81. Commissions
of ~ per 100 shares or nothing seem
10 attract tho speculation 1t is a wonder that
the Stock Exchange does not take a lesson from
Its unlisted department. and take of all re-
,trctIons about commission charges from the gen.
eral list.
In spite of continued effort to confuse and
uystlty the Western railroad situation, It Is
COMING to bc generally we'll comrrchendcd. The
following sent out by Herman X Co., probably
states the exact truth:
Chicago Spccial.-Thc Insincerty of the c., b.
and y r. r. people and the prospect that their
notice of reduction will never be carried into
ELECT, are apparent to anybody who interviews
them They aic shiity They say that they have
ai,cu no notice of rcducton-simply notice OF
desire 10 reduce one of the theories Is that the
whole matter Is for the purpose OF soaring the
Union Pacific and the Northwestern back into
the Association Certainly, the blur Is tor some
purpose not apparent TO am outsider The Sltua-
tIou still j. that no notice OF the proposed re-
ductIon has actually been given. The {, B. ami
y has filed an Application 10 be allowed 10 re-
ducc, and the other roads have given notice that
any c., Is. and y. rate will be met. Untll, how.
ever the latter actually gives notice, there viii
he no new WaI-gdtc IN sight
Another authority, without quoting Chicago, al
though there Is little doubt that the matter was
tclrIapncd by private wire from Chicago. says,
alter long and wprdy article of Inconsistencies
All that has to he done is to telegraph To
Chairman Faithorn or any other reputable man,
ana the situation will he fully explained. Every
railroad man agrees that II IS bad, and there Is
ne association of presidents to prevent rate war.
However, there are some who hope that the pres
idcuts and chairmcn of the different companies
can exercise IA moral influence on their subord-
mates which will prevent universal dcmorallza-
ton before the date set for the reduction III rates
II put into effect, the reduction will reach all
Missouri River points west of Chicago as far south
How do the chief executive officers of Western
railroads like being told by Wall Street wreck
crs, that their power over their agcntS-the crca-
lures of their creation-lS limited To the eNer-
else of moral suasion. Evidently the Suhord,
mates" hold relations with the great " bear
magnotes of Wall Street that are Inconsistent
with their duties To their employers
II was this last item which was used TO make
such final dcprcssions occurred in the stock
market But the movement could Just rs easily
have been effected without the OutgiVing of ali
,urditics the market was dull and subject to
impression.
The late raid. however, was principally devoted
10 Delaware Lackawanna and Western, which
was sold OIL IS per cent 10 l35 IS. Phlla-
dclphia and Reading was sold down ~ per cent.
but il recovered 81 per cent and closed within
II psf cent of It's opening figure. Nlr Morgans
Big Fonr, earning & per cent dividends. was the
weakest stock on tie list. and declined to 6Oa
60 IL while the Chesapeake and Ohio seems to
receive some support at current figures and
closed with advances
Wall Street is dismal. and brokers are UNI
happy, simply because of methods which the
Stock EHchanec not only has sanctioned but
cucoumacj. while all the rest of the country. in.
cludlug the railways aud tclceraphs are enjoying
the benefits of unprecedented movements.
TIE DAY IN THE BOND MARKET.
The Treasury purchased $l5, 800 4 II per cents
at l0l 5S. There was business in Govern