Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-04-29

| stock, which Was the natural result of over
speculation by Vice President Ashley and
associates. The insiders have been try.
ins some time to bolster up the property, and
more stock than they could conveniently
handle Mr. Ashley has always imagined that
he could make great trunk line on,
OF the property, but when the pinch came he
was obliged to sacrifice everything and place
. number OF brokerage houses in an embsr-
RAISING position. because they had to pro-
| tect puts issued for his account, and which
be could not honor. The bears Jumped to
the conclusion at one time that the road was
| going into the hands of a receiver but several
capitalists stepped forward and signified their
Willingness to protect the floating debt of
about $500, 600. The coupons due next Mon
day ON the 6s will be promptly paid, but the
ashley family will have to sacrifice a snug
fortune to extricate the road out Of its present
dilemma.
wanna was extremely anxions to let the pub
lac know that he was in no way interested
In the stock or securities of the Ann Arbor
road, and came out with q statement in the
middle OF the week that he had never owned
| q share of the stock in his life, and that the
only connection he had with the enterprise was
IN his official capacity as director of the
Green Bay. Winona and st. Paul railroad, with
which company the Ann Arbor has traffic
contract
BULL LEADERS IN THE BACKGROUND.
The bull leaders have recently been keeping
in the background, and the stock market has
been turned over to the tender mercies of the
room traders and bear operators. Mr.. James
r. Keene has been trying to tighten
ms load, and has been a persistent
seller OF National Cordage and National Lead
Mr. 8. V. White has been in better trim to face
any depression in values, because he marketed
his Manhattan stock when the first note of
alarm was sounded. He has since been trading
principally in sugar, while occasionally he has
accepted commission order.
The wings of several of the boldest room
traders were clipped during the past week by
the rapid drop in the low-priced specialties.
including Ann Arbor and Hooking coal and
iron, and the floor of the exchange is
really now without prominent leader.
Mr.. W. E. Connor is expected back from Flor
Ida next week, and his return will be gratifying
to those who pinned their faith to his advice
on Monon, which has fallen almost as rapidly
as any thing else on the list
Some startling disclosures have vet to be
made in the recent Tennessee coal and iron
deal. and Mr.. De Bardeleben is reported to be
again In trouble, with 25 900 shares Of stock to
sell on which the margin is exhausted at IL.
The Cammack party have been persistent
sellers OF general electric and Chicago. Bur-
hngton and Quincy, the latter on the report
that the March earnings will make deplorable
exhibit Whisky trust was unfavorably af-
fected by the resignation OF Directors Corning
and French and the announcement that the
trust intended to be its own distributor to save
commissions
Chicago gas has held up very well in spite Of
the admission BY the Benedict crowd that they
had withdrawn their support from the stock
Northern Pacific has. however. been feverish
and it is doubtful whether Mr. Wizard will be
able to float collateral trust loan, now that he
has been deserted by Mr.. Brayton Ives and a
number of reputable banking houses in this
city.
The PIttsburg. Cincinnati, Chicago and St.
Louis new loan Of S3,000.000 was great sue
cess and was over-subscribed last Wednesday
The Pennsylvania is in the market fo- 81, OOO,-
700 20 buy some dock property in this city and
will obtain the money from Drexel l. Co.
ALFRED II. MURE.