New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-02
AFFAIRS IN WALL STREET.
~ ATTEMPTED SCARE BRINGS ONLY ONE
SMALL FAILURE.
,ssrcyNEyT OF ARTHUR & KErcHUM-THE EX-
pECTED MEETING or RAILROAD PRESIDENTS
DEPRESSION II COAL STOCKS.

,,crrr, NETTING OF RAILROAD PRESIDENTS
DEPRESSION II COAL STOCKS
An seo,, wax made Yesterday by the bears rail
,v stocks 70 disturb the recently restored confidence
Their work took the form Of circulating vague rihos
- nnending trouble but the only failure announced
II the stock Exchange was small one when bore
no relation To existing conditlo"s' Rates LOT can
loans however were bid up to II per cent, ana ms
unced ~ direct fresh attention t. the monetary out
look Prices Of stocks were Sharply depressed ana
Tho closing quotations were about The lowest Of the
day. 4 reply t. tie renewed attempts at "scaIe'
a,o,t money mi.ht be found IN the fact that the
Clearing Ilouse Yesterday neither issued new nor
retired any of IT. old certificates In spite OF t'ls
there was talk Of the possibility OF failures IN com
nerrial circles. The need ~ dcIlberailon IN INC
vaccinations going on for railway combinations at The
vcst was also perverted by TIE cncrlcs Of values.
George G. Na-oun Of Hdder Peabody d CO.. was
ont - town Int Al tlr office 81 IN, firm il stated
that no call had set been issued for meeting u the
Western railroad pr,,ld nt~ The iabor> directed T.
tbc end Of western harmony. however. are far from
bcinc relaxed. In fact. a late dispai Wa received
from, the West asserting That the Chicago. burlington
and Quincy MANAGER were exhibiting a o.cila,0ry
spirit. and ID wa, expected That tIc meeting arranged
fDr in chicago would BE- held under promising cond-
lions These are expected t. produce good results,
prudlng the more cabOr1t' ncgoliibn> which are 20
take the shape Of comp offensive and permanent
agreement for the maintenance of rats.
The >toc. EAc!;ingc failure Wa, tat Of Arthur 4
Kctclum in the DrcNc Building. The finn g., com
po,cd OF Edward g. Arthur AMI Edmund Kctc'um.
Mr. Arthur has been member of the tNcla r. -inoo
March l., l-77. II, ha, been H. bu,.hc-, since
1858. and tie present. partnership ha, existed from
MAY l. IL. An assignment Wa made t. Charc,
H. Dcmcrtt. of Nrw Canaan. Conn. There were uo
contracts ON tie stock Exchange. The firm failed in
Vovcmtcr. l--9 AID resumed bu-inc~- urGcr a"
aTccmcut with the creditors which was 4 cNi'u"
over i've years. Mr. Kctchum ead Yesterday thai
ihc present suspension Wa due f. tire uaHliN ~
he mouse to FULL it, OBLIGATIONS under t'at -ett'c
,nent The faurc wa, not the product OF the lat"
manic i'm tie stock market. It Lli n cnc.t Oh
values.
The conspicuou, weakness in Tie stock m"h''
ycsicrday wa in tie ca! shares. y .av'rc. Lack
wanna and Western IN more than d." p l''~. d
PhIadcpnia ana Reading lost over two point -.
,urrcnt with the declines were rHmui- Z" U'u''
.n.ng the anthracite coal p,ouciue companies. d.
being sad that last Fridays m''u-I -
lie sale, agents vr.cl upon "a op'n RATION
These report, were denied by coal men ""'
anew what occurred at the meeting. one proinir 0
.nccr said: II had been asked about th' '".'.
If the coal trade tHl, morning would have '.i"."
that 10 wa tn much better Shape than wear 40
The lear rumor, appear 90 ri-' fom tie i'' ''' '"
prices for December were MT advanced. Al inr'''"
wa, conceded T., Doe impossible owing 10 me r>'" o..
past heavy mining of coal. The compatc- f'-'
,ril.b M. e.-,r.. 4 TIC output Of each corp'rr
rs compared WIN IT. all tied "r "HNdrf~trH iI'
"nrti,r ~ d h.-r, tl.rv ua, h."n furnished 1871 co.,.
ror-ui ity f,r Va-." thlrg ihdi inc "' L ' ''"I
v,rrr ,.N cccdrg ,her pcrccata c- Ihe h", .r- I'
iucntlv mentioned A. The most 1ilN in th- 'o n"'i
rt r.. f.cc~s arr -ad o. have 81 "l boo "uurc ta u"
,.ith tl,a Wow. Z t.o-. N.N I1rn ,,mi1 l'. ".l .
'clryc i'm r,.t-i.tn: p~duct.on to the actual n.ni
.yrrpr. du,,ir il thr p'.t The TESTIMONY of MAJ
.,.,l Me- f, Ma, N.-i~ :, Do .-.". .'i '"" "' TO-
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