Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-11

faclnc Coast and later when the price was LEI
on tnere were rumors of a decision IN tne
sugar case BY the Court of Appeals. The nuc-
Of manipulation. pure and simple, that they
nau no enect for good or evil upon the regular
llsI. Rnmors OF proposed lease OF tne mis- mis-
souri racine by parties IN the interest," OF Atcnl-
son, attracted some attention but had no ap-
parent efect upon the stock OF eltner COM
pany: Oregon Transcontinental and Nortnern
faelnc preferred were the features OF tne reg
ular Inst, both being active and strong. neao-
ing also came into prominence late IN the Gay
put It's movements with those OF Richmond ana
vest Point were not specially important. Inc
high prices attained during the forenoon invi-
ted some realizations with hammering by the
traders and the late dealings developed 2
weaker tone with material reactions In some OF
the leading stocks.
The close was fairly steady and generally at
small fractions better than the opening prices.
The final changes are irregular, but generally
in the direction of higher figures. though in all
but few cases for small fractions only.
Sugar is up 81 per cent, but Chicago Gas is
of, 1IS
Railroad bonds were shade more active, the
sales aggregating 81 454, ,000 but the activity in
Reading As. which contributed $4,000 to the
total, was the only special feature OF the day.
The same firm tone existed, but the changes IN
quotations were still upon the same limited
scale. The advances include Indianapolis,
Decatur and Western lists, to 81.
Government bonds have been dull and
steady.
State bonds have been dull and without fea-
ture.
The Post says: Much interest is felt in the
street In regard to the sale in the city of Bali-
more of its B. & o. stock and especially with
regard to who or what corporation is likely to
come into the control of the railroad. Most
persons have thought that the purchase of the
made in the interest of either the Richmond
Terminal Company or the Northern Pacific.
We have. however, the most trustworthy In
formation that neither of these corporations is
ipfa tod in fho nn rpho hr1t 0r Iha M
trary, that the Garrett interest formed the
nuclus of syndicate which has bought the
stock of the city of Baltimore for the purpose
of maintaing the independence OF the Balti-
more and Ohio instead of allowing it to fall into
the hands of, and thereby becoming subservient
to the interests of any other corporation.
This does not by auy means indicate that the
Baltimore and Ohio will ever again assume
that aggressive attitude of seven or eight years
ago by which it antagonized all the trunk lines
and also all the express companies and tele-
graph lines and persisted in this policy under
the Garrett management until the surplus
earnings over fixed charges diminished from
S2.356, 9S4 in 1885, or about l5H per cent on its
Sl5.O00 900 of stock down to $50, 259 or next to
nothing, on the stock in 1887 when the Garrett
interest was temporarily in the hands of Ives
and Stayner for sale, and found NO purchaser.
largely by the policy of the bankers who helped
the Baltimore and Ohio out of its difficulties
three years ago. This policy has already re-
suited in restoring the earning capacity of
the property and it is believed by those who
have excellent opportunity for knowing what
Its business is that the earnings over fixed
charges are now equal to fully 10 per cent on
the stock. 1t is this which has induced
the formation of the syndicate to hold and pro-
tect the property against any schemes Of
consolidation with or annexation to any other
corporation.
The following table SHOWS the prices or active
stocks on the New " ork Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY STEPHENSON. oldest Pittsburg mem
bers Of New York Stock Exchange. 81 Fourth ave-