New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-26

the profits TO be gained from speculative ventures
it would seem that the interests In the company
are sufficiently large and experienced to te2ch
them lesson which they would not readily
forget Up to the present time their operations
are believed to have been uniformly snccessful,
and it is not impossible that the INSIDE Interests
are reluctant 10 do anything TO increase the
irritation While this may he an advantage 10
the trust, il is distinct injury TO the specula-
ton in the stock.
West Point Terminal were accompanied WIN
rumors that Mr.. Gould had acquired further
large interest in the property The rumors werr
not cOrrOboraed on either side and If they should
prove true. il is reasonable 10 suppose that his
fresh holdings Of the stock were obtained in a
similar way to that in which he acquired his
previous interest
The Granger shares were dull and dropping
throughout the week. Those which would ne
likely to he affected most favoraDly by the COM
pletOn of the Western Traffic Association were
perhaps the weakest. This fact was interpreted
in some quarters as an indication that obstacles III
the way of completing the asso'ia ion had OF been
overcome. There is no good ground Tor ms lhIer-
ence, which undoubtedly was suggested ny inc
short" interest in the stocks No decision has Xet
been rendered by the court in regard to the omiha
bridge contract, although one was daily eNpc Tea.
To what extent the present management OF tie
Union Pacific Railway will urge its claim that
the contract could not legally be made by the com
pany was not made plain. Possibly the 0pJect
of the refusal of the company to observe me con-
tract to force new terms on the Rock lsiahu
and 81. Paul companies. If that was the purpose
it has already been defeated and the company
may reccdc from its position. II is not imp0s-lple
however, that the purpose Of the present manage
ment NAV be more far-rcaching and extensive,
and that il will seek TO divert the system OF re-
Gently acquired lines, which have not Deen
source of large profit to it, There is no reason To nc
lieve that the quarrel between the three companies
over the Omaha bridge will Interfere in any way
with the successful accomplishment OF the rev
gentlemen's agreement. The Indictment oi
prominent officers of the Chicago, II. Paul ana
Kansas City Railroad is undoubtedly punish
ment which they deserve, and officers of other
Western railroads which have persistently as
turbed rates ought to he prosecuted IN the same
way. The Indictment is not Likely, however, 10
increase the harmony among the western INES, al
a time especially when tonnage IS likely 10 &C.
crease and the railroads will he sohcltouS - gam
what they believe TO he their share OF the frame
4 more important influence III the direction OF
fair and stable rates would he the amendment OF
the Interstate Commerce law which is now pcHh-
ing in Congress. Whether that will be passed AZ
this session is unfortunately a question about
which there is grave doubt The short interest
in the market has been enlarged by the operations
of the past week. although the bear faction
lacked a leader. The short interest is not cA-
crssive because the stagnatiOn in the market, the
easy rates of money and the cOntlnue1 denanl
for hgh-class bonds and dividcnd-payny stocks
have prevented free selling for that account The
general conditions affecting speculation are con-
sidercd highly favorable to everybody.
Following is our usual table. giving the number
Of shares sold of all stocks, the highest, lowest
and final prices Of the week. together with the
final prices of n week ago. preiNed by TIE average
priccs of January %, 1890: