New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-22

Co. the banking firm who have been identified with
the financing of the company since the collapse OF
the great English banking finn OF Barring Brothers
in 1890 The stock and securities of the company
suffered severe depression at the Stock Exchange
yesterday on rumors that receivership was I'M
mediately imminent. II was impossible to obtain
from the president general counsel OF the COM
pany any confirmation denials OF the stories
current in Wall Street and the surviving members
Of Mr. Magouns firm declined TO express any opin-
ion on the subject.
Repeated visits were made at the office OF Bar
ing Nagoun & Co.. where j. w. Reinhart. presi-
dent OF the Atchison Company, was busy in an in
side room most of the day. considering affairs OF
the company. 1t decllred repeatedly that MT
ReinhaIt could not be disturbed and VAS too busy
10 give out any official statement Mr.. Relnhart
was in consultation part of the time with Coionei
John j. McCook. general counsel Of the company
and one of its directors. W. X. Gillet auditor OF
disbursements. whose Office is at Topeka, KAN
was In consultation with Mr.. Reinhart Colonel
McCook's Office that Of Alexander Green, the
law firm of which he is a member. was visited
several times. but Re coid not be found in
In well-nformed circles. however, II was said
that a meeting of the directors or the Atchisoh
Company would be held IN Boston tomorrow 10
consider the question Of meeting the interest falling
due on January /. 1t was said that negotiations
had been pending for some time Tor assuring the
company protection from any default and that they
had worn favorable aspect. but that the death OF
Mr. Magoun had brought them 10 Il s'd"u' - 20
booed by friends of the company that these nego-
tiations may be resumed and successfully con-
Guided. and upon the result. It Is believed. the
question depends whether the Atchson shall be
forced to seek the protection of friendly receiver
Stories prevailed after the close OF business now
Ssnis Of the courts tomorrow. The rumor that
members Of the firm OF Alexander q Green nao i
gone 10 Topeka to make the apphcatioh couiu ho'
be confirmed
UNLOADING OF SECURITIES.
At the Stock Exchange there was STEADY out
mourning Of Atchson securities all day. There were
reputed sales Of $4,000 value OF Atchisoh CON
solidated mortgage per cent ponas' Inc no, ~
price was Go and the closing was at oot net loss
from Wednesday OF 3h per cent. There were re-
norted sales Of $4,000 second mortgage "a BONDS.
and the price fell from SO to s3s. ending IN SS9s'
net loss rs per cent The sales OF tne ,9 9iUS
more than goo ana asanst ~ at
Wssdnesday's close, and q on December 2 The
weakness OF the market encouraged the WORST ap
prehenslon In financial circles a., ,.A,so,
The interest charges to be met by the AtcH fr"
sS%Psey to % so In ADDITION TAI due IN
london the close OF weeks hs sso President Rein
hart and John j: Mccook went 70 EhS. t. ga ga .
generally supposed that ,b iselp short
tine their arrival in LSPaSR emIos
Renhart bear lies" MI Relnhari a4 eato mic
on DECEMBER a. Mr.. Reinhart IN an nterv ,Sa,
upon his arrival here. declared emphalicaaji1 Ia
the Atchison January interest would be paid H. ~.
declined to answer in detain INQUIRIES as 10 f
abroad. but declared that his mission had been been
successful II was subsequently, reported irom,
a6 oSrrh hai renewal Of the loans made in London
but had promised renewal Pr9vdea ne G4u Of
the January interest is believed that the illness
OF Mr. Magou1 SiI is Considered to be
blow to the company in removing me inOci ao' tS
banker in this country ENGAGED severe ~, DEPRESSION
EFFECT. on wHr GENERAL MARKET
The stock market surprised its friends - 'he co'n
parative steadiness 1t showed under ti7 m
DEVELOPMENTS over night. The closing Vi '"e "
Nicholas Bank was a shocK' peoau'' Wv .
action Of the Banking Department was 80 uheH
nected Nothing positive could be learned respeCu
Ing it's actual condition. and other sinls,e, ddnd tC
tbe demorazed feeling while the study of sec Gs
tary Carlisle's annual report had audeu , exisf
inS in tbe market saved prices from more seri9h
declines because the bears covered , d,eeN IN New
Yeak snd New-Engiand amounted TO nearly i @y'
shares and from S ehe end S ST. Paul was dealt 4
to an amount exceeding 1900 shares me e, q /,
stSmes o. - burlington and Quincy from aS
10 75ssl75% Chicago and Northwestern IRON q ~ !,
lGoWS, ana and Nashville opened at 80 and fel
10 sass, and Missouri Pacific decheu p''I sck
swa ~ ana western ard Delaware anc Huas9,
dropped s' Per s sfe exeesans s
after touching S3iz the price closed down ''s ~
The weakness shared in generally se ny sol
from sa,L TO S0sasOs. and Chicago Gas iron, .p 81
Sstas2 drop Of sS ser per cent een IN National Lin
need Oi were the extreme losses IN tnis s'V- ~,
general Electric was carried from ner 20 cent Tn
buii pool encountered fresh bearish ruinoas wer
Acknowledgement OF the company put THESE w"
promptly denied.
PROMINENT Arrivals AT THE HOTELS,
AsIoR-Concressman Jaco5 Lefever. Of new n'
" BRUNSWICK Salvador de Mendonca b'A.n'
-. :. ,y..,,,,on FIFTH AyENuE-tongrca
man N. NJ Curtis Of ogdeaslurs n. y ana 's sa."
sews,I a, Maine. GILsEy-congIessman s. j. sche
n,srhorn, Of Schenectady. N. prc.
Thomas w. HYDE. o, Maine. MURRAY HILL.
dsn. wu,,,r, y u,rper of the University OF Ches'