New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-05

Month Of Sept a., 1881 lsss Dlnereanceass 7 ~ 81 90
SO COS ~. so7o,126 G.559.6oo Dsc.L5io7sC 1877
Total as CO.'S 1851 $40 o880os Dec so95 o5o GIL
STOCKS DULL AND STRONG
As the date for the National election approaches
IL attracts more strongly Che attention OF e az
there was an indisposition TO enter upon new eli
gagpments, and yet business in all legitimate
branches less than usually interrupted III
the last week preceding the Presidential election.
In speculative circles any ant.clpatlonS OF ACTIVITY
were due to opinions OF what might be the re-
suits OF any general liquidation Of outstanding
contracts There was no expectation that as
position TO enter into new spcculatlons would be
q cause for activity last week, AT the STOCK
Exchange sucn business as was done was due 81
most entirely liquidatiOns on both sides OF tne
account. The total transactions IN listed stocks
aggregated only l,O0l. 2GB-a business so small
that Il plainly shows there was little disposition
or anxiety to realize on the part oil the hoioeis
While the general conditions continued fay
orabIe, the movements fIom farmers hands IN
cIeasing; the bank exchanges, other than at the
prominent speculative centres showing ilhpoI-
tant gains; the steady but slow improvement 70 ~
rates for transportation, and evidence that raj
road managers while bowling for addltl0nai cars
to do the business, were recognizing that wal
of tariffs was evidence OF cflmlnailty '-Wnilc an
these things were favorable 20 an appreciation o.
values, there were some drawbacks: Inc lacO
that the favorable features mentioned were prac-
tcally ignored in the week bclOre inc Ires-
Dental election, and that the exceptionally un-
favorable features were magnllled ana naue ~
do duty as aids TO DEPRESSION IS conclusive evi,
dence of which side oil the specuiauEe accod IL
| it was that was anxious to make hguldatlOn DC
| fore the political situition was determined
| Missouri Pacific and Atchlson were again saw
agely attacked carly in the week Neither s.ocN
being supported their prices were easily ueprese''
! ms furnished another opportunity for renewal
of the talk concerning the immense losses suo,
tanned by Boston capitalists rms tax lurisled
am excuse for another raid on NcW-lork ana
! New-England the price or when Iroppea Vl
41-2 per cent The individual failure OF the
president of Boston bank came 0pp9ftuLeiy ~ 70
aid the bears" This failure OF the bank presII-
dent was without the slightest Importance. ~ ~
was a case where the individual mlsiortunes VI
an officer did not involve the nnahcial institu,
ton with which he was connected Inc oniol
| Pacific statement for the month OF September
| unquestionaby was disappointing IN Jus results
yet the companys earnings are sun on e HaS1
| of per cent per annum for It's stock no oinclal
! exclamation has been given why the operitlnS
! expenses of September, 1885, were sZoo,o oo
greater than in September i9 90 dreas .nei II
is positive evidence of an unusual large
| tonnage movement at low rates put
as it is admitted on all sides that there mas Deen
a steady Improvement in rates since August, We
are compelled TO look for some exceptional cause
for the large increase III operating expenses Inc
| Union Pacific statement only reduced Ihe PIlcI
~ the stock / per cent to GA Ia, AFTER IL hiiu
recoyered from the depression to 63 is early III
the week At the decline to GA IA, the STOCK
met a demand which seemed 10 Indicate that peo-
pie best advised regarded the eACepuon"i o'"'''
ment for one month as Of no Importance
The coal stocks. which recently have had a
| large advance and are selling at from ~ 10 ~
ncr cont higher than they did year ago, were
| subject TO an attack which was backed by reports
! of concessions being made In the price Oh coal
The Oldest nhabitant will scarcely remember d
wear when this has not been the case, WIN certain
sizes that were overstOclcd just before the close
! of NAVIGATION The final results OF the eHoft
against the coal stocks are an advance OF '-o
! per cent for Central Of Ncw-JerSey, ana uecnheS
of Is per cent for Delaware, Lackawanna ana
Western, ga per cent Tor Delaware ana iuusoh
and 10 per cent for Philadelphia and Reading
| Atchison. Topeka and Santa te closed - hgneI
than a week ago, and Missouri Pacific closed l.;
| per cent higher but New-lork and New-Engand
market were hardly more than the ordinary iluc-
tuations of fifteen minutes activity. lhese
are the results of weeks market III
| which the bears lave done all The
| work while the holders OF securities
have made no other resistance than thau OF re-
fusal to part with any OF their previous h0ldlhgs
The principal feature developed is nothing put ONT
more confirmation Of the lact tnaI stoGNs b ar'
firmly held outside of speculative hands, ana wnerS
| the hourly or momcntary circulation OF wal
Street tips" has influence. 1t develops
| condition and not a theory which Is so strohe
that Wall Street spectators fail TO appreciate lt
| The aid outstanding short interest probably was
but only to the extent that tlmla hOlders Oh con
tracts were DESTROYS of liquldatlng, pending the
election The snort interest Is sun large, dnu
now be the consequences what they may, IL nius'
remain so till after election ,,,..
SubIoned is our usual table, giving the number
of shares sold Of all stocks. the highest, lowes'
and final prices of the week, together win lh'
final prices of Il week ago, prciXed by the average
nrices of November >. 1897:
WEEKLY RANGE.