New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-07-16
eight COS. sIo3ioOo5 sos9o,492 Dec s5i5,57a A.
GENERAL CONDITIONS.

eight SlOoiu,yto tJfoov' 10 D'N'@"'''N'' 49,
GENERAL CONDITIONS.
The developments of last week were Of an en-
couradng character. The prospects for the nome
crops were further improved. while the Hdlcd-
tons of a large foreign demand Tor our SURPRISES
We're STRENGTHENED \ decidedly better tone was
prevalent among the iron industries. and an
increasing confidence in the situation was lurtiet
shown By more masters signing the scale anu W
the rcopcning of additional factories. western
and Southwestern buyers OF mcrchaIulse drrNci
in LARGE numbers and almost universally EXPRESS
satisfaction at the results OF the EiSt SIN months
business and spoke cncourasingly OF the ptosPtclS
of the coming season. Inc pOutlcdI SITUATION"
carly rs IT, is is reflected by the markets LOT
vaecrs on the results Of the election. Inc Demo
cratic stock has rapidly deprecated IRON the EaiSs
to which it was bucd Immediately after the 2t
Louis Convention. This, perhaps IS chiel ere
ment IN some of the changes before noted
THE FINANCIAL MARKETS.
The improvements a week ago noticed MS having
begun at the Stock Exchange last week Iaue
material progress The appropriations IN VaiueS
while general were slow and natural-the result
of an Increasing demand and decreasing sup
pl-. That the conditions developed were as
appointing to majority OF the operatkors VIZ naU
durinp the last twelve months, have Deen per-
mitted TO be unreasonabiy influential III the
making of prices. is clearly shown by inc tone
and Misrepresentation Of their chez ORGANS.
s week ago an authority accounted TOT th,
small advance made during the latter part oil
that week by saying that Large operator iad
been covering his shorts. and addeu thaC inc
interest
large for safety The same authority, IN
referring to last weeks market, says: ne
short interest was large, ana as prices rosc Wv
covering has helped them forward 30 IL MATS ta
moi whether prices rise or decline, they do either
hv the orders or consent of few speculative
operators who spend their days IN wan n net
tbcv would not be worthy the attention gen
crailv given to them by the puDllc' because
thov never would reflect either supposed or actuai
conditions 4 faircr CONCLUSION Is thaG aItcr d
ionr neriod of depression which has been I'M
warranted by subsequently developed iacts' tierc
begins to he general realization OF 'ic aAion
that all fctionS sooner or latcr rcicii
ending
The last stock loaning market. which was on
Friday morning. so far as it indicated ANYTHING,
reflected as large a general snort lnIeT.HU 80 ~
has done at any previous Inn Inn tbot dnring
Friday and Saturday there was sun T
rrduction in the extent Of that interest or
lone time the scarcity of real stocks IN tln Mark Xxx
-, =. rent tn any casual observer. ms
column time and again has directed attention 70
the character of the trading ana pointed oul tnlV
it was principally in phantoms Whicn lGr r+ tbc
Iativr purpoScs nill the contracts fall mo tne
hands Of genuine buyers. who require tne certu-
Gates are as good a. genuine certlhcaIcS' u
the railroad wars are stu uhauJ M "a
evory- evidence that the end is near Inc cIar-
acter Of tn, buying in the stock markc'' HuIIh7
the last week. clearly shows such 70 DC IN. IN
~ ssjon. not only If railroad mon IN poStlohS 70
know but also Of all operators OF eApIlclloc' nv
oJ,ancos ~ the week extend from TO per cent
and vet il was noticeable that at the close OF ti
week The supply Of stocks was no greater thah IL
was at the beginning Of the week
The increased volume of business was MrgcH
dino IN the mora active buying and selling OF pro
fc SIGNALS On an advancing market Everything
indicates that the advance was due prlncpally 10
a now legitimate buying. hut it was helped along
liz the covering of shorts It, however seems
IN he true that up 10 Friday morning there were
nov, sales Of short stock equal 10 tie amount coy
rrcd and that both operations were made Tor the
same reason-bcciise of the advance. one s'J
STONED loss and the other made new venture.
ThS sales for the week aggregated 234446 SHARES
not large business considering the extent OF tle
changes in values In the week ended June 10;
when prices declined sharpy-2a3 per cent-and
r,odn fulI rpcoVerics the transactions amounted
In All 900 shares The fact that last week,
when the changes in one direction were about
canal 10 the fluctuations in the week mentioned,
tIn tctal sales were smaller indicates the different
character OF the operations
The demand for railroad mortgages continued
unabatcd and resulted in an increased volume OF
business nj the Stock Exchange with some material
advances for the lower-prccd securities.
Srbioined is our usual table. giving the number
of shares sold of all stocks the highest, lowest
and final prices of the week. together with the
final prices cf week a-,D preGXed by the avcrag e
prices Of July 10, 1887;
WEEKLY RANCE