New-York tribune., 1893-12-23
WAITING ON ATCHISON NEWS.
STOCKS SHOW DECLINES AFTER AN EARLY
RISE
no DEFINITE ANNOUNCEMENT RESPECTING THE
CONDITION OF ATCHISON FINANCES
LARGE LOANS PAID OFF-NO NEW
BANK TROUBLES-DUN'S RE-
VIEW OF TRADE.

LARGE LOANS PAID oFF-No NEW
BANK TROUBLES-DUN'S RE-
VIEW OF TRADE.
Wall Street circles were disturbed yesterday py
the uncertainty which attends the settlement Vi
the affairs of the Atchison, Topeka and santa + e
Railroad No official statement could be optaiheu
regarding the possible appointment OF receivers
President Reinhart and Colonel John ). McCooN'
the general counsel of the company oe'o'ine
themselves to attendance upon the i"'eid' Va
George c. Magoun. the banker VINO mas oeei.
prominent in helping to finance the aHars oi
the company. The company paid OH loans YES
ferday amounting to several hundreds Oh 'hou-
sands of dollars in the aggregate. II wac
rumored that money had been advanced u!
Russell Sage TO help the company over its Janu-
ary payments but Mr. Sage refused 10 DISCUSS
the reports Wall Street not thoroughly sat
isfed that these liquidatons meant faVoraoie
change in the affairs Of the Atchison Company
for II WAS suggested that failing 10 be able fully
IN meet the payments at the beginning oi 'ne
new wear the managers might seek to use luhds
on hand to clear away such loans as might De-
come embarrassing in case it was deemed wise
To seek the protection of a receiversmp
Left in the dark as to the probable result or
This crisis in the affairs OF the Atchisoh
Company. the Stock Exchange speculation
was less confident on the bear side 'hah
many of the traders have been recently
Encouragement. was derived from the fact mat
the ugly rumors Of Thursday respecting other
bank troubles than those of the ST. Nlchoias
1,ank failed to be confirmed. From well-inforned
sources the most emphatic statements were re-
ceived TO the effect that there was no foundatoh
for expecting any unfortunate developments a'
present as had been whispered. III was polnteu
out that the suspension OF business over San'%y s
and Monday would AFFORD large suitmde Of
the short interest in the STOCK market diso iu
nshed considerable hope to the bulls that 'he
tendency 10 depression in values "ouiu pe
checked.
NEw-ENGLAND LEADS THE LIST.
Those considerations influenced covering OF
ishorts at the opening of the STOCK fNchaiise
Yesterday, and impaired firm tone lor so'i'e
ltime. Few stocks failed to record advances
from Thursday night The cessation OIL puS
ing by the bears later in the day caused re-
cassions The most active stock on the iisl /
Was New-York and New England in which the
dealings aggregated nearly $4,000 shares o,'N
price rose to 20a. and then declined 10 l',sg n
l9ss Chicago. Milwaukee ana -: ,as 4 aur all
second in point Of activity. ana was raft, laicSu
from 59L to 57s4 G577s Heavy sales Oh Wes'elh
Union Telegraph received no eXpiata'i9p phH pastol
yond reports that the competition Tr ~" serious
while the friends of the Western Onloh poaiir pniust
10 it's large surplus as a protectloh assihst 5s =,
SlT rallying at the close 10 SIS Inc n1s o7
ness in Atchison stock amounted 10 neaiIy 80.
O00 shares and after touching loPs IL "dS "oe
until the late dealings that the price dn len ~
t1IG14s There were sales of nearly sSoooOo par
value of Atchison general per cent bonus Dus
after a rise to 67A the final price was e per
cent higher than Thursday night at oo14' saeo ST.
''seller Is days" being made at 90. nole % ria.
s14O 900 par value of Atchiso. second rnofssaee
'''A'' bonds were dealt in 80 I'd Si'et inst 22ss
34k the price fell 10 o-7s"''' "e
Thursday night ,-,..a.u,o, s,ores was
The speculation in the industrial shares was was
variable American Sugar KeilhlhE was ca
,nost active stock but after advancing 10 sl9s
n dropped back to 79a4 @sO1s Chlcago Ia, Gas
fell TO S1@6lA against 627s on THURSDAY; me
only other active industrial stock vas nsa uenea
Electric in which there were Iecordeo 'ral,s =,
hions of over $4,000 shares. The price rose 10
k7% and then receded to S6A036%. the oincers
~ the company denied that the abahdonIhen'
~ the shops at Lynn Mass. was contemplated.
and said that the transfer Of much OF the work
heretofore done at Lynn to ScheneGtduy Who ha
finances 1t was also rumored thdt
"a nowerful Wall Street banking house had re-
Gently accumulated large block OF the sIocK:
HEAVY FAILURES DURING THE WEEK.
The business failures reported to K G Dun
4s Co. for the week numbered 344 IN the O"i'eu
States and 81 in Canada, a total OF SSl' against
1878 In the previous week and 3Ol IN the sa"e
week Of 1892 The weeks failures include the
euspension Of the St. Nicholas Bank, one iaisc
stock car company at the West with liabihues
Iof 81, 900, and nine commercial nrils M|n
liabilities exceeding 100000 each Dun re
view" makes this summary OF the week ou'i
mess developments and the outlook: SO
"The year is practically over, except the hcn-
day business which is remarkably wen sus
kained as respects number Of sales. considering
the state of industries and the army OF the un-
employed, but is materially diminished IN vol
ume because purchases average much smaier
In value than in recent years. Probably the
stocks Of holiday goods Of the better class lett
on hand after next week will be larger than
usual Other business, all branches Included
appears from Clearing House returns ZoI per
cent less than last year at the same date But
much business Is done at prices which return
no profit; merely to keep hands together or re,
tain customers, and the losses by numerous ana
heavy failures reduce profits even where the
volume of transactions has given fair promise
Changes during the past week have not been
cheering in character. but the minds OF many
are now turning to the dawn OF the new year
with hope Of better things
CLEARING HOUSE LEGISLATION.