New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-25
BULL TALK IN WALL STREET.
COAT. STOCK BEARs HAVE TO HUSTLE"
NO GOLD FOR EXPORT AND PRICES IIsE-ThE

NO GOLD FOR EXPORT AND PRICES EIsE-ThE
READING FINANCIAL AGREEMENT.
Tho hills in Wall Street held control OF quo
totions Yesterday ard forced the bears TO commune
the retreat which has been general THIS week. Inc
current talk Is that james II. keenc, :. '. ""''
and other large local operators have loiheo 'SS"'
for q bull campaign against the bear iaouonS' pop"
iarly supposed to be headed by Addison Caih'h"o"
There was a bad break In American sugar Rc"nihe
stock the price falling below par but later Scrmo'e
IN oovcr shorts left the price at the END nearly
per cent above Thursdays close. Most OF the iho"o
trial stocks were strong, United states huDCer oo"
Ing up per cent predictions OF close oi ncso'
lions that would give the company "ruS.iui CUE
troll of the trade. and National Lead StocAs rri.e
sharply ON the fresh support given to them oy 'he
inside interest. There has been variety Oh u'
favorable rumors affecting this property OF lalc'
hut the managers deny that there Is any giouiu ior
the attack OH the credit Of the property
Many special stocks buoyan. Among these
was Manhattan Elevated, WHICH rose moTe '""n
Der cent. Stockholders OF a sarcaSuc turn Va ,'"O
wonder how Manhattan be bullcd on the theory
that the Rapd Transit Commission will grant privileges
of extensions which the counsel OF the company nave
officially contended would be Of no advantage 10 1t
for six or seven years after the expenditure VI VIC
money required for the extensions Inc poiis u"
the property continue to contend that the ui'iina'e
desision of the Rapid Transit Commissioners VIII DO
territory and new earnings TO the company.
Tho hears I'm the coal stocks had 10 DO some
a.. bustnrs for Deacon Whites Observation-Disclosures,
yackawanna and Wcstern-was advanced more 'ii'h -
uer cent The other dividendpaying coal s'oeh'
gained handsomely, and even Reading rose over one
,o,nt The Street was filled with the rumor 'hat
there had been tremendous revolution In Reaclhs
Sponces II turned out be founded upon the lac''
,o,eeranhed from Philadelphia, that Drexel d Co.,
of that city, and Brown Bros. d Co., vi New NJ
had agreed to buy the coupons OF The per cent IN
movement bonds due in APRIL amounting 10 s-oo"-o
and the coupon and registered interest on inc 'oi
sodated Der cent bonds, due June l. amounting 10
oe,- ~, II was also said that the Philadelphia
hank.rs had agreed to protect the second mortgage
honds amounting TO So. 100000, which VIII mature
next October, the contract Tor theT eA'eiisioh 'e
been cancelled by Speycr Co., OF THIS CITY, OWNS "
Is reported to the Misrepresentation maze u! "a "
Mcleod, as president VI lne heaui"o' 0 ~
came one OF Its receivers
The action OF the banking houses in agreeing TO
INV the coupons on Readings bonded debt. maturing
In Aprl and June, will relieve the receivers ol 'h'
need Of providing about S9o0,Ooo cash lot ''"' P'
nose But the bankers will hold the coupons "S "
lion nror TO the mortgage Indebtedness. and VIII give
them n superior position in any future eeai 'oi'
troyerses over the rehabilitation OF Readihss haoe
pnt how far the reported financial agreement VIII
,odifv the plans OF receivers in issuing ceruh-
Gates cannot yet be learned. John Il. DOS raSsos'
counsel for the committee OF general mor'saee ooiu
holders. is In Philadelphia. The attitude OF 'ne oonu
holdors * now simply that of waiting for develop
ments II is expected that AT the hearing before 'h'
Master on the question OF the proposed issue Oh heu
1rg receivers certificates facts may be brought OUT
which will furnish ground for decisive acuoh W
creditors IN protection of their interests in The BANK
rupt company. . ...
1t was reported yesterday that the ih'ers'a',
Commerce Commission would begin an action on Marc
o. 70 enforce its decree against the Lehgh valley
pouroad IN the case Of Coke Bros. Co., VINO Oh
FAMED verdict declaring that freight rates on an
tSrac,te coal from the mines to tloewHcf VIZ y
casSive A decision in the courts Is now sous"t ~
some Of the independent shippers, among tnei, ~,
reported being lladdock. shonk Co., OI '
Who charge the Delaware, Lackawanna ana western
with making excessive charges. ,-. ,,,,od Nv
Money on call at the STOCK Exchahee Iu,eu -
tremely easy and gave the bull pools deesusu ,s
Sence' The rates on time continue 10 De sun
per cent. "a taSav The reported engagement o.
sspo 90 in gold for shipment by todays s'eamel
Vas cancelled Doubts were general IN tne our g
that any shipments of gold %0nd be maaS
change was not sufficient TO enable bus 10 DC SOU ~
suifcient quantity warrant shippers IN seiiue ""
cold