The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-01

Gas with net decline OF II p cent. and Sugar
with a net decline OF 1917. And these net de-
clines do not by any means tell the story OF the
sudden, violent breaks which cleaned out
atop orders and induced timid holders to
liquidate. 1t has been an eventful week for
the outside element 1t is interesting TO note
the accuracy OF the ratio between the amount
OF the decline and the extent OF the public
knowledge OF the property The record Is n
veritable triumph for the Vanderbilt stocks
most Of which are substantially higher than
they were week ago. Michigan Central lead
ing with an advance OF over two points. The
record stands as conclusive proof Of the dan
gers incident TO dealings In blind pools !"
The blind pools" havo had all tho rope they
wanted. II they do not succeed In hanging
themselves 1t will BIO because the Stock Ex-
change is itself wholly blind TO its own In
terests.
For the future. the financial community, al
ways tickle and subject to violent changes OF
opinion, now begins TO express grave doubts.
We shall coon have an opportunity to test the
accuracy OF the assertion that tho silver agtn-
ton was at the bottom OF the bull movement.
Perhaps It should be called the late lamented
bull movement Tho passage OF q silver bill OF
some kind by Congress seems now about as
probable as ever IL has been. The weakness of
the market which made the past weeks
events possible Is still eNplicable on the
ground that the silver question has been laid
away on the shelf for 80 long time that its
influence Is not now felt In Wall street. Next
week the silver question. according to the
present programme will be taken up again In
Congress and 1t will DO interesting to SEQ
whether the further agitation OF the question
will be felt In Wall street and In case bill Is
eventually passed, how, much higher prices
will 20.
The failure OF the Joint committee to restore
east- bound rates from Chicago was unfor-
tunate. So much real effort had been made
toward general restoration OF rates the coun-
try over that the inability Of the railroad mon
to come to an agreement was as discouraging
as it was unexpected. Many think that it will
In great measure nulIiy the effects of the res
from the soah0nrd TO ST. Paul. as the east
bound rates are in measure dependcnt upon
senger rates west of Chicago, this ven
9ti4us problem appears to haye been
dnsE sPd Of The
portance Just now. because otherwise tho rail-
roads could not continue to show such in
few months. 1t is true that tho increased uc-
tiyity OF general business has had much to do
OF wheat Haa sfS
do with them. and tho wheat crop which the
railroads will begin 10 carry In August next
els. The railroads still continue to show large
increases OF earnings rs Will 6e seen by a
Tennsylvania's increase t r April is notable
because the earnings OF April a Year ago were
remarkably largo on account OF tho heavy
To-day's stock market was rather devoid Of
two holidays. The tactics OF the professionals
we're similar III Kind to these OF the two pieeeI;
Yielding list down. Louisville and Nash.
vile was the point OF attack -dny, notwlth-
month OF April published this morning. The
bears seem to take stocks one by one and pun
then down in mueh the same way that the
forcing them NJ. The day closed with 4 rally
Thsh e"Fred many prh es
tho special occasion Tor the rally. 1t showed
an increase Of nearly $I.500000 in surplus re-
No further NEED De felt Ito. on
come here from the Nest to insure an album
dance for all needs. The LIST Of July Is only
disbursements will 10 considerable. Accord,
ing to days statement the ban ks now hold
the banking houses lowered their sterling ex-
change rates today ip consequence Of the
large purchases Of securities By London in our
shares OF Atch son and st. Paul which have re-
Gently been shipped abroad is yariousIy esti
As compared with the final prices OF last Sat-
urday the majority Of stocks are lower. The
more important net declines were In Chicago
Pacific 2's; louisville and Nashville. IL
Texas Pacific, IL; New York and New Eng
Northern Pacific preferred ard Union Pacific.
LEACH: Wheeling and Lake Erie comm9n; -;
Chicago and st. Louis. Chicago. Burlington and
Quincy. Rock Island. Western Union. and
Wheeling and Lake Erie preferred l each;
Wisconsin entral, . Northwest Lac 1 aWunnn
aud MEXICAN Central. :, each; Atchson and
Oregon Tran sconiinental, =. each, and st. Paul,
Citizens Gas OF Brooklyn. 2 e cent: Lake
Shore "a; Colorado Coal. q. and 2acilo Mail.
"a = e.nt.
Final sales compare with those OF yesterday
a inllnWs