The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-09-09

revive both Of these issues. hut the coun-
try has suffered 80 severely from the
vagaries Of silver cranks and Populist tariff
thinkers that II seems hardly possible that any
considerable number OF people will give eur 10
appeals for n fresh unscttling Of the business Of
the country.
Every ones pocket has been touched and
llghtencd by the financial and economic here
sizes that have attained prominence during the
last fow years. The Populists Of Colorado, the
Socialists Of Kansas, the until Corporation cranks
in Texas, and all other economic pcrverts havc
suffered as severely ns the communities that
realize the value of a sound currency and know
from experience that no amount Of legislation
In controversion Of natural laws can bring
prosperity. This being the case. there must
eventually be All awakening on the part of those
who have been mislCd or have suffered through
their own Ignorance or preiudiccs. What
tho business man Of average intelligence now
wants Is to be let alone. for he believes that TIM
hampercd by paternal legislation and worse the
country will work it's way back TO n condition
~ at least moderate pros pcrity. Hopes of a
long breathing spall form, therefore, on iafluen-
tinl factor In creating confidence ut this time.
Noteworthy progress has been made this week
toward the rehabilitation of two OF the larger
bankrupt railway systems. interests powerful
In substance and fertile in resources have COM
bined to finance the Reading Company out
OF its difficulties 'aud place It upon its
feet. They have secured the cooperation Of
the receivers OF the Reading companies
by helping them handle q large float
ing Indebtedness. OF nearly equal Importance
Is the step taken by the receivers and the Reor-
ganization Committee Of the Northern Pacific
Railroad to bring all Of the branch lines of that
company practically under the control OF the
main line receivers. An authoritative statement
rarardin0 thta tranaartinn will ha fnund O., 40
other column of The Sun.
The stock market has been very nearly AZ a
standstill all the week. The only noteworthy
fluctuations have been in two of tho Industrial
stocks. Sugar Refining and Dlstilling, and in
Chicago. Burlington and Quincy. Heavy liqui-
dalton in Distilling leaves the price Of that
stock tonight materially lower than a week ago;
but adroit manipulation of Sugar REFINING has
prevented any noteworthy change In the price
of that stock. Estimates Of serious damage to
the corn crop are responsible for the decline in
the c., b. and Quincy. but late in the week
traders were inclined To suspend judgment as to
the effect of a short corn crop upon
the Granger trunk lines until the Gov
eminent crop report for August Is made
public on Monday. The annual report OF the
81. Paul Company. published to-day. was
almost universally regarded as favorable, con-
sidering the period covered by the report. This
view was renecteu IN n 1alrly strong market Tor
st. Paul this morning, although the tendency OF
the market for other stocks resulted as q rule
In fractional net declines.
The weekly statementof averages Of the As
ISOLATED Banks reflects the heavy payments
made to the Sub-Treasury during the latter part
Of last week and the first of this on account OF
customs. The loss in lawful money Is nearly
~ millions. An increase In the loans of
over IN millions prevents the loss in cash
from showing TO its full extent in the deposits.
The net result Is q decrease In tho surplus re-
serve Of nearly $4,000. ZOO. bringing that item
down to less than $50, 900. 900.
AS compared with the final prices Of last Sat
urday, the majority of stocks are lower. The
more important net declines are In Distilling
and Cattle Feeding 3b y cent, Burlington and
Quincy 1@. Chesapeake and Ohio ia, Louisville
and Nashville and Reading q each, American
Cotton Oil, Northern Pacific preferred, and
Union Pacific VI each, Rock Island, Wheeling
and Lake Erie, and Wabash preferred II y cent.
each. The noteworthy advances are In Pitts
burgh, Cincinnati, Chicago and st. Louis IN .
cent, American Tobacco /. National Lead and
Western, Union q each, and Richmond and
Terminal " p cent.
Final sales compare with those of yesterday a.