The sun., 1892-05-08

Budge and Tod. to devise. as It is supposed.
some means whereby tho underlying security
holders may be induced to deposit their hold
fngs under the. or n plan OF reorganization OF
the Richmond Terminal properties.
There was resumption OF the gold export
movement carly in tho week. which excited
no special notice until the publication OF the
bank statement to-day. Tao loss in lawful
money OF SU.2lG.3OO. and decrease OF
S5.HaT.SUo in the surplus reserve. received
unfuvorablc comment. aud an a,tcmr' was
made to dcprcss the market IN conseduence.
Tho attack. however. was resisted. but
1t il thought not unlikely that when the state.
mcnt Is well d.gostod there may h' ano'h"r
attack upon share values. u Is unleniablc. IN
view OF the favorable bank statement. that the
market has boon firmly hed n condition that
encourages tho belief shat further attacks may
be equally wcli res isted.
The ease in money s reflected In n renewal
OF activity ard strength IN the better class of
bonds. The extent of this tradtn. cannot be
measured Ivy the official lists ot the stock TX
change the greater part OF tond i.s#cs being
sold over The counter and thtouRh tho medium
OF various bond brokers. In this group Of 81.
curitos the Louisville Evansville and It. Louis
1st consolidated 5s deserve favorable mention,
having advanced between . and q Z cent
within tho past few days on largo trans; s;r-
tions The terminal facilities OF the road at
st. Louis alono are considered worth moro than
the entire mortgage debt The S3.7o5OUD
issue is n first mortgage on the seventy miles
OF road between Mount Vernon and Bcllovillc.
The road is the shortest OF any Of tho resent
lines Of railway between the two cities Of
Louisville and st. Louis.
II there is any change in the coal situation
tn lis week it is for the better. Here. too. lc.s-
lation has been attempted to break the
combination recently accomplished. but
such attempts have rot been serious.
ly regarded. President Roberts OF tho
Pennsylvania. In an interview recently
published. antagonizes the combination. but 80
far the parties to the amalgamntion appear to
be strong enough TO carry out their plan to
control the bulk OF the coal producing and
carrying trade. in spite Of such an important
factor in opposition as the Pennsylvania Rail-
road. That. at least. is the general sentiment
Of tho street.
Tho stockholders OF the Mobile and Ohio
Railroad have this week scored a complete
victory. on continEents. in tho pending l.iea-
ton to recover possession OF tho road from the
bondholders. After several days argument
before tho Chancellor at Mobile a decision
has been rendered in favor OF the stock
holders upon all tho issues in question.
The Chancellor decides that tho tender
recently made by the stockholders commit
tee for the payment OF the remaining out
standing bonds was valid and effective and
that the entire $1,000. 600 debenture bonds are
extinGuished by the creation Of the new gen
eral mortgage. The Judge also dismissed the
cross bill and cross Injunction OF the Farm
ers' Loan and Trust Company OF this city
and OF the bondholders. and thus annuls
the voting trust under which the Farmers
Loan and Trust Company and the bondholders
have been assuming to act. 1t also restores
the power to tho stockholders. 1t will be re-
membered that the stockholders recently
elected their own Board at Mobile. and de-
manded possession OF the road. The decision
OF the Chancellor recognizes the validity Of
their demand.
Tho general market to-day has been dull
and strong. There was a further advance OF
Ii p cent. in Omaha commonl and :. p cent.
in Chicago Gas. which two stocks comprised
the principal features OF the short session.
both AS to volume OF transactions and
strength. There was little doing in the re-
mander OF the list. although it suffered a
fractional decline on the publication OF the
bank statement, which was followed by q re-
covery.
AS compared with the final prices Of last
Saturday. the list is irregular. The more i'm
portant net advances were in Omaha. 4 p
cent. Chicago Gas 2,: Cordage .. Hooking
Valley =. Atchison. st. Paul and Northern Pa
ciiness elm sts were in American Sugar Reinins Co..
* cent. Wheeling and LAX Q Erie l!t. Amer
isan GStsOn OIL Il th9usvs
Cattle Feeding Co. T. and Reading J; = cent
Final sales compare with those Of yesterday