New-York tribune., 1890-05-30
CLOSING PRICES OF PHILADELPHIA STOCKS
WHAT WAS DONE IN STOCKS.

Thursday. May 29-p m
Historians have chronclcd and poets have
sung the rlories of the idiocy OF tie final charge
of the Imperial Guard at Waterloo ana tha' oi '"e
Gallant Six Hundred at EalahlaNa; put 10
da,-,s stock market has furnished theme wort
NJ tbe best efforts of hist torian and bard. J. iS
difficult TO conceive. among bricks stone and
mortar OF anything more romantic or pictures 'e
than the sudden transformation scene which was
revealed at tie Stock Lxchansc to-day ilnmcdi-
ately after midday Talk OF thnndcr az"
lightning from a clear sky, and the comparison
fails.
The market generally opened up 70 or higher
than last NIGHTS figures But Sugar Refncrcs
and Chicago Gas were drugs On the speculative
sentiment from the very start. Chicago "'S
opencd Of over . per cent al Jj and quickly de-
clined u 80 81. Sugar, after opening up p'.
cent at 81 IL, quickly declined 10 -, a""
later. under unfounded rumors 10 - IL. IhcS'
thiurs did MT phase the general market at al
AT l. o'clock the general market was IHlHf
strong At 21j o'clock tic Imperial "I"i"
made their grand charge ON TIE ""of
list and 10y the sale OF an un'lpli"d amount
Of short stock, aided ~ lies about ;hc iaIiH-
condition OF the grand maIlpul"tor-thc saviour
Of the maTkcj-thcTc was a dlop oi ii"Hi. -
pcr cent in the course ot halt an hour. 1oI &"
moment the market looked as If II MAS on ,iI
verge Of panic. Oregon Tmnsconiincniai & ic'i
.
no one saved the market: II saved 1i-cli. l,.
There was no receiver appointed for tne 'n.-
caro Gas Company or & Trust. the court huMN
pu,tpOuing further action til next week. Iu'
various gas companies Of Chicago belong To the
stockholders OF the Cliccgo Gas Company, sub
lect only 10 the debts Of The individual cOullr'-
ME-, They are IN thc aggregate earning ~ W.
rate of a little over :. per cent on the stock 81
The Chicago Gas ''oIIpany. but 'hc COMPANY j.
distributing only 4 per cent. The courts are be
dsoaeb ns gefd from ron SGat GSenao puBkeaa today
Tile manager OF the biggest stock house hctc
saws Eastern people who have pcrn trymg 10
bull Chicago Gas might Just as wen alIo" @ nIo'
to make It's turn the short side ore timc IS
another rs IL necessary the Chicago CITY tCuhcli
wil give new companies The rl&ht ~ duPiIo",
the entire gas trust plant all over the Guy VI
Chicago ,,
Tie speculative director Of the company ior2',
himself when be dictated the foregoing lIir@'
10 the NewYork market. il Is Of h,tie ppciI t,mpcii
tance whether or not the Chicago CITY Couhcil
is made mp Of boodcrs. because the cHlsi.E
company can defy az opposition and capl'r,!ii,
who are we'll satisfied with the plcscn' SCI o.,, ,.
will be slow to subscribe 10 certain loss eNt,'
if it is gratuitously granted by the City Oo.hql.
Sugar sold down TO u Ii. We symP"t!Ir
with those limbs WhO purchased II uhn|I -
assurance that It would be supported ~ w.
there are remaining any SPECTATORS who no" "'
NOT realize if they either huy or sell HIt'l ,'
they are dealing against loaded dice; thc wa ",
mas of The Tribune VIII avail nothing. II u
only grand manil nlatior-a mastery achlrtr n,,cr
unnt in a science the absence OF which IS hc'''r
for Wall Street brokers and their clients ,i,t
after the general raid The market "i''
,,ae sbarp and inCisivc. there was SO" "lVi i
mndemonsrativc partial recovery. We si,Ii, ,ho
have 10 wait till Monday before couhiIna III '
ro,onants Of that Gallant Six Hundred IIc
market closed quiet and strong. The Board s'ai'S
adjourned TIL Saturday at "a a. m.
THE DAY IN THE BOND MARKET
The Treasury purchased SlG9,000 per cen,
honds AZ I22, and $1,000 IL per cent' a
lC3 -: total, Sln 900 AZ the "r,,ucnt o,"un ,.
bonds. and the quotations were steady as ioi-
lows