New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-20

Wednesday, February lo-p. m.
The Chicago Herald Of sunday, February g.
,r,,..I ,he f,it,,y,u.-
STOCKS

printed the following:
u Ia, oc.n very busy week. for -" gra4-'r freis
-irc, usually hy the presidents or general manAtrr'
Ih. week. however. the freight agents have hib \
,ftlt All their might. The way ln which tAr freight
l-,ff, ,uarm-d ont Of their meeting Wednesday ana
Thursday ard s%armed aio the $40. oi Of, 20 ,' 'su
granger ,forts short. wound have surprised ,''' i''
PIE aAo Imagined mat 10 H. freight ts"nts b. -.a''
AID 20 leave Wall street severely alone. ~ M'hl h''
b.. rI,. ~ ly. nance, but wc could 1--WE half dozen
belonging 10 freight agents whom "c -a~ ln the So
office, this week, and whose ohF ".I' IT, 'FpA'"ll
IN attending the freight mcrtinrs VA, 90 e"i p'h' 10
sell short ON. Those young mon whose business l'
~ ~, the news u cuts and slshcs to Wall street o
god time w,r, u despair. TIC freight agents bc''
i.rm All % pieces.
There is little question that the foregoing
exactly tells the story Of Wall street stock nia-
nipulation as it exists to-day. The connection be-
tween the great bear leaders Of Wall Street
md the Western freight agents is TOO apparent
10 deceive the buiioon who crawls on all iouIS.
With the tonnage both last and West greater
tlan it ever was before, that the employees "i
tie railroads can manipulate the stock morNet I'D
connection with Mcssrs. Cammack and Jones Is
q scandal which clicits nothing but contempt for
tie supposed executive officers Of the companies.
If the reports are true they orr not 1t is the
freight AGENTS Of all the great railroads OF the
country who are tie real managers and the prcSi-
dents drawing NhldIltN bl ll'Hi |A'f'''' 90
Der year. are only tAc exhibition fsurcheads who
stand before The public the puppets OF the
real MANAGERS.
In the stock market the question on ever Up
is: What is the matter with Rock Island
stock? 1t is the football Of stock spccul1t'rS'
and a leader in all the declines. one
thing that is the matter is that 1T
makes none but annual reports The scan'in"s'
of It's management, except once year, affords an
opportunity for certain of it's directors twc can
name them to play on the stock market Tor
fluctuations Every one knows the condition OF
the Chicago and Rock Island Company, as IL
was reported for its year ended April /, le99.
Since then it las been subject only to the same
conditions rs have ruled with all its competitors
who DO nuke monthly reports. There is no pos
sibiiity that the Rock Island Company has not
enjoyed the same prosperous results from
rniiic as its competitors. If there IS anything
the matter with Rock Island stock, ii necessarily
IA "A special mattcr-n wholesale robbery oil IFS
rcasury assets, or, in other words great deIl'-
| cation There is no one connected with tine man
| lgrlncnt Of that property whose reputation -
! inch enough to stand one moment under such "a
| suspicion. And yet when the reports OF the
| business Of other railroads are taken mo COZ
| sidcratiun there is no other explanation 10 nc.
| count for the special weakness OF Kock ISlduI
stock than supposed cds. Of d,nalc1ton.
1 II is hardly three weeks since NcW-l OlN N"n
! startled by The premature discovery of an at
| tempt 10 d" gut" the Sixth National Bank. II the
| attempt had proved suctess the total losses
scattered among large number of dcposltors
and Stockholders, would not have exceeded
! ~ 600. 900 The courts are Stll engaged lh IN
| vcstiaatlng the matter, and two of the supposed
culpriis are under bail for appearance. Bnt man
ayers of railroads, who much trustees as are
The directors OF banks and passenger ana freight
| agents whom we will class with paying anu re-
ceiving tcllcrs in bank, are permitted to, aud 90
bv their methods for private speculation, ROB The
| Stockholders and deposltOrs lthe bondholdcrs eN
| nctlv after the fashion OF a bank dctultcr Ih'
| ono case ia criminal; the other is regarded MS
| s,norturss worthy Of commentator and 1t does
| nrt fail 10 receive commendatlon from the aver
| age Wall Street operator
WHAT WAS DONE IN STOCKS
To-days stock market, after opening strong OF
huvino orders from London, declined sharply OF
| A continued pressure OF short contracts. The
| solid facts as represented by railway earnings
| and we are permitted 10 say that thc gross
| earnings Of tie New-Iork Central and Hudson
| from February | to February & give AN increase
| Of SIlO. O00-werc not factors in the immediate
| market which far as the speculation and IN,
| making Of values are concerned Is entirely II
| the control of desperate faction already
| short of nearly the whole capital stocks OF In
| entire railway list Rock Island was special,
| 7idcd and, with sales Of 6S,40O shares, declined
| 10 IS -, and closing at 80 II, against 90 y
| last evening. The same firm who, from the star
| of,this las; bear raid have had orders " 10 sci
| H. as low as possible were to-day rs conspicuou
10 has once been suspended from the Stock EN
c,ou for irrqOulo rites H. be