New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-12

divide the aggregates and differences of the COM
panies showing gains and losses
GROSS EARNINGS
Il co.'s SS5Ssi SdS55 bee Dec. ' sS5o5a ss5
Total. "a CO.. sO4428o go COS ois Inc eiss252 27o
NET EARNINGS. gigT
50 cos 0s5i,Iio s.oi42ii Dec. iS4S.SSo 1857
TITO al CO cos eis 7CC5sO sI2slY93o Dee soiG ol Css
The Chronicles table Of gross earning. for thc.
nincty-scven roads s2i4, 1881, 744. against
s237.530.050 in October, 1887, an increase of
SO, sol, 694.
STOCKS DULL RESISTING HUMBUG.
The cxctemens attending the National election
WAS intensified by the magnitude OF the Il publican
victory, and the result proved TO be y greater i'm
pcdimcnt 10 transactions at the Stock Exchange
than had been the anxiety and antcipations pre-
cedng the election The victory over
whclming that mems minds were turned to con-
sidcratiOns of its causes and meaning more than
10 the transaction Of business. With the close OF
last week, however, the excitement was nearly
subducd and people tomorrow will return to their
usual avocations with minds at ease in assurance
Of future prosperity. Perhaps there was some
disappointment felt among our Democratic TRENDS
who had a few stocks on hand that Immediately
following the announcement Of Mr.. Harrison
election there was not a speculative boom when
enriched them within few hours. Oeruih 10y,
nothing of the kind was expected or desired by
conservative persons who expect that the stock
market will outlast their lives.
The condition of affairs at the Stock Exchange
has been well understood for many months. III has
been known that its spasms of activity have been
due TO the operations of those who for long
period have been short of stocks, wherever
! they have rushed TO ovcr-supply the immediate
market with their contracts, there have Dccn
more or less declines in values so long as the eX-
cessive pressure upon dull market continued,
| followed almost Immediately by advances to a
higher plane than before when the attempt TO re-
coup to contracts was made. 1t has been
demonstrated time and again that such advances
! in prices have occurred since Juno ! have not
been due to speculative efforts, but TO an ABB
sorption and taking away Of certificates by both
The foreign and home public. The public in its
administrative way has been the important bull
| element in the security markets.
With such conditions apparent to every one,
excepting those VINO refuse TO see, II IS not TO DC
expected that any little boom started by a
cotcrie on the floor of the Stock Exchange could
long be sustained. That just what occurred
last Wednesday morning following some liberal
buying Of few stocks for London account
OF course it soon exhausted itself And then
went forth from bear headquarters the cry
Where is your Harrison boom ?' which was taken
mp and repeated by the whole contingent of Co
workers for depression Then followed free sales
of certain stocks such as Europe doth most trade
in, and then the cry was, Europe Is selling be-
/ cause Of the result of the election This hctlon
! failed 70 brighten any one else into selling, In
fact, there very few people long Of stocks
10 be frightened, if it true that London
was realizing upon some IF its earlier purchases.
minstration would change its financial policy and
accumulate money in the Treasury and sillicr
! ts9ricS yet about what the new Administration,
Immediately upon its succession TO power, would
Now it is not to be supposed that any one in
vents and publishes such absurd stuff and exposes
| himself TO riGlcule without object in view.
I hat object certainly, in the present case, was
not TO create market upon which large
line Of stocks could be sold. 1t
would be more ridiculous than the stories
q he N no nj
Philadelphia and Reading stock Vas selected as the
enc OF which London ought to he a large seller,
so after it had sold at 81 on Wednesday morn
ing, II was pressed down to as 3S; 1t closed the
week at 40 IA or 3-S per cent lower than a week
ago, after reported transactions in 1920 shares
And still in the face OF such IN apparent business,
and final change Of only 3-S per cent, the
great bcar' organ feitcrates that London, Is
getting out. If so there is a greater home market
than " bulls suspected, or bears admit.
Delaware, Baclnwanna and Western also was a
special favorite of the attacking rarity, but al
though that stock closed last evening 81 per cent
lower than week ago there were no limitations
of London selling Union Pacific also was " sol
for London account 50 they said, but IL closed
per cent higher than a week ago From the
spasmodc bulge Of Wednesday morning there
were general declines for nearly everything on the
list but our weekly range will show that the re-
coveries were such that the final changes for the
week are generally small, but in some instances
there were material gains established. The duh
ness of the market is emphasized by TRANSACTIONS
amounting only 10 619, 10 shares. business When
fails TO reveal any anxiety on the part OF holders
while the final prices develop marked lack OF
confidence on the part Of those who during the
latter rart of the week, have put forth such
extraordinary efforts to aid depressons.
Thursdays and Fridays stock loan marHet re-
ycalod the character of Wednesdays and Thurs
days selling. The stocks which had been most
active and had been the most depressed were IN
better demand for new contracts than they had
been before for n month. The results OF Friday
and Yesterdays business will be more clearly de-
ycloped by to-morrow's loan market but it seems
probable that the short interest was 5omeWhat
reduced While the clements for wild and IN
safe speculation in securities do not seem to De
Droscnt last weeks occurrences and Efforts nave
iurnishcd additional evidence Shat the conil-
dcncc in the present and future which 50 success,
fully rcssts all attacks Is built on the rock oil
knowledge and not in the sands OF lection
Snbioined is our usual table. giving the number
Of shares sold of all stocks the highest lowest
and final prices Of the week together with jAe
final nrjccs OF week ago. prcfXcd by the average
prices OF November 10, 1887:
WEEKLY RANGE