The times. [volume] (Richmond, Va.) 1890-1903, 1891-09-12
DOWN GOES TERMINAL AGAIN.
Dissatisfaction With The Management Said
to Be The Cause
7Hg COTTON AND IRON MARKETS ACTIVE.
An Irish Editor Asks for Protection From
the United States, which to Refused.
Metropolitan Matters
Nxw YoRK BUREAU. RICHMOND TINES.
September II. 1891. 1

Inwail street TO-DAY Richmond Terminal
broke ono point on sales of over seven thou
sand shares up 10 noon No specification FOR
the decline was advanced though IL is said
that sone large interests in the property feel
dissatisfied with the management.
The new alliance between tho Norfolk and
Western and the Louisville and Nashville viii
injure the East Tennessee Company, as up 70
recently the East Tennessee received all the
Norfolk and Westerns west and south-bound
freight This freight now is turned over 10
tho Louisville. The East Tennessee dividends
furnish large part Of the interest on the
the Terminal per cent loan. and tho former
company's finances are notin such good shape
that II can lose & valuable connection without
feeling it.
AN ALLEGED CAUSE OF THE DECLINE
One Of the financial news agencies says
The weakness in Richmond Terminal has
been accompanied by fresh rumors Of an i'm
pending receiyership We have good au-
thcrity for saying that Richmond Terminal
has actually gotten into the position OF tnion
Pacific before the relief syndicate was formed,
only the floating debt in Richmond Terminal
Is very much smaller. IL has been incurred
in much the same way tho Dn ION
Pacifc's debt was incurred-yiz.: by tho
many extensions of tho road and no market
on which to sell bonds to pay for them.
Uuder the circumstances. the holders OF the
company paper are uneasy. We understand
that the whole situation is thoroughly under
stood by the management and relief measures
are being proposed
THE IRON MARKET.
Sales Of pig iron here during the week as
reported 1890 tons, Of which 1900 tons
were mixed lots of Ohio, West Virginia and
Southern MIXED low grades and abont 5000
tons high grades. Some sales agents report
transactions in Southern forge al an advance
of fifty cents per ton. aud the advanced price
is bid. In other irons prices arc unchanged.
but holders and furnaces are Offering much
less freely. The demand is good and we'll
informed brokers expect that IT has come 10
stay for some months at least. The improve
ment extends throughout the country
COTTON DECIDEDLY STRONG.
The cotton market was very active and de
sidedly strong, with an advance anywhere
from 70 to 40 points. The market was wild
one. and transactions were heavy. The direct
cause of the advance was the unexpected
strength developed in the Liverpool market
The offers OF actual from the South are unus
ually light fer this time of the year Eyi-
IDENTITY the Southerners are thinking well OF
cotton. Some are sending in very poor crop
accounts along with buying orders good
deal of cotton was bought here to-day on
foreign account. Private cables gay that
Liverpool gives bullish Interpretation TO the
bureau report on the cotton crop.
UNCLE SAM WILL NOT PROTECT HIM.
O'Donavan Rosa published in his news
paper. the United Ireland. this week, some
remarkable correspondence he has had with
the State Department relative TO passport
that he wanted, guaranteeing him freedom
from arrest in Ireland, and which was refused
him. and 30 for the present Rosa will have
TO content himself III twisting the British
lions tail from this side of the Atlantic
Assistant Secretary OF State William f.
Wharton sent passport in the usual form to
Rosa. enclosed ia a letter in which he said:
The department cannot furnish you with
passport in any other form, and cannot give
you a guaranty against arrest in foreign coun-