The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-29

II are beginning to appreciate the unscrupu-
lous character OF an influential element In the
management OF the concern. Oregon and
Transeontnental fell OF a point, for rea-
sons that must be obvious to those
who have only superficial knowledge
OF the complications In which the concern is
becoming involved in consequence OF efforts to
change its organization. Pullmans Palace
Car was unusually active at an advance Of 0
points, movement based upon friendly pre-
dictions that the com pany will establish It's
inRs In Pacific Mail lett IL at stock / y 2 cent
higher than yesterday. These were the only
nuctuations OF importance.
As speculation on the stock Exchange has
dragged all the week. many people Will doubt
jorty OF stocks are higher tonight than last
Saturday. To be sure the most important ad-
,dC are In fpSGpiHsS yet three HGt h
stock on tho active list that Is notieeably lower
professional operators partly because the net
earnings OF the company do not keep pace with
s eEoSS n anT tbS np D oev
OF the company II is 80 easy to get dema-
Rogue to PROPOSE any sort OF anti-corp0rntion
legislation In Congress that no particular at
tention need be paid 10 schemes to investigate
the company's rotations to its auxiliary roads
ceedings on account OF the Government debt
which Is not yet due, The.net earnings have
rot kept pace With tho gross according to of
expended during the first four months OF this
year, for repairs tto equipment 81 100000.
corresponding period OF last year. Larger OK
penditures on that account haSS been BEEN due
the rollin g stock more serionslythan ever before
in the history OF tho company The company has
bad to Increase It's train service; particularly a
sompenssti9n therefor, This mali service has
trains. The extraordinary repairs are now
said to be about completed.
BEEN n s tho Of Ss so On n in
face, of a number OF fayorable developmsnts OF
tho first Importance. The demsgoGic effort to
and the drafting OF a silver bii has been turned
to S Of
a conservStiSo measure, The Court
Of Appeals has defined the legal status
Of the Sugar Trust End at the same time indi-
The rate situation Mt the West has been re-
stored to about as satisfactory q basis as
tiplication OF lines and tho disadvantages
imposed on the rail railroads by the Inter. state
however has not improved, and it looks as il a
permanently lower rate for dressed meat and
provisions had been established by the action
Trunk and Wabash, in making time con-
tracts, on that class. OF business Of cur.
go any lower for the reason that the roads re-
ierred to have. according to all accounts, stipu-
lated in their contracts that they shall have have
pounds, no matter to what figures the other
roads may reduce their schedules; This
the lake Shore @e't and vi" he Grand Trunk ceT!l
panies, and in which the Wabash and Canadian
scrve ' to of" fix tho attention Of the bubble upon
the enormous injustice that the Interstate
Somm90ee law inilicts qnon the American roads;
law nor Congress-. which has ample power in he
premises, has shown any disposition to remove
American roads or to check the continuous as
saults that the subsidized Canadian roads are
circumstances influencln the money market
ore changing, for the better. Speculative or
arbitrage shipments OF specie have been
Assay ONCE. incideptal to the close OF tho
bEs Been the S' at Of this anG oRst t
leading domestic centres preparatory to the
July disbursements and the large sums that
the next day or two in concluding syndicate
operations like the purchase of the, Baltimore
70 new bond issues. as, for instance the Chicago,
Burlington and Quincy debentures. it is sur
prising hat the money market has not been
disturbed. An unusual amount Of loans were
negotiated to-day, for half holiday. on the
basis OF to cent; on call. as against 70 10
may be active on Monday. but no one. even
the most pessimstic Of the, bears. imaGines
tnat borrowers VIII De at DISADVANTAGE AFTER
July l. since the disbursements on that date
are to be extraordinarily heavy
The tenor Of the crop reports continues Ia
vorable. but in general business there is a per-
ceptible degree. If hesitancy. owing, to I'M
certainty regarding sill yer and tariff legis ation.
Present indications are that both OF those
causes will soon he removed. In spite OF the
uncertainty. the volume Of business is large.
Prices however. in the main, show a DISPOSE
tion to react. That tendencyis noticeable in the
iron market and very pronounced in sugar. the
Trust having been unable to hold its advance
The anthracite coal industry is in better shape
than for many months past, as dealers are be-
ginning to appreciate that the producers have
held together long enough to tide the Industry
over its periodical depression
Az compared with the final prices OF last Sat-
urday tho majority Of stocks are higher. Tho
moro important net ADVANCES we're 10 Pullman
Chicago Gas, az: Reading, 2A; Pacific Mall.
TX: Atchlson, IN. and New York and Now Eng
land, = p cent. The noteworthy declines were
in Canadian Pacific. Z q cent Canada South
ern. / Western Union. z; Union Pacific, u,
and Erie. "a e cent.
Final sales compare with those OF yesterdAy