New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-28
Total 80 comps ssS3i7 2O ssei7.ACs Inc. ssiS742 94i
TIE WEEK IN THE STOCK MARKET.

At the Stock Exchange last week the unusual
activity in the bond market presented more OF
novelty than did She worn-out manipulation OF
the share market And yet the dealing In bonds
at the Exchange reflects only small portion OF
the transactions which daily are made over the
counters OF the large dealers. But as the better
class OF bonds become scarce and hard 10 purchase
az reasonable rates. the demand for issues or.
dinarily not regarded with such high favor
steadily has increased. This feature last week
was particularly developed in the large dealings
40 an advance IN figures for the Philadelphia and
Reading IS and the first and second preference
IS. OF the Reading As only s29,6s2 arc yet
listed An application 10 further list about
s3,s00,0)0 yesterday afternoon after Exchange
hours excited some adverse criticism. IL seemed
the additional amount Is a portion Of those bonds
out OF the total Of 100000 600 authorized ISSUE
which ore held in the treasury OF Che company,
but which the trustees had delayed 10 deliver
until this time. Toledo Ann Arbor and North
Michigan FIST Is also were unusually active with
Western first As ATTRACTED attention, and although
there were no sales above az 81, they closed at
7e 5-s bid. Other ISSUES TO which references were
made during the week were sought after 80 full
figures
Turning TO the stock speculation, last week was
as barren of new features us hus been any " it's
predecessors. IL is the same old story Of manip-
uation e. create distruSt, excite fears and in
duce o selling of stocks, all for the purpose that
the sellers OF twelve months may be able 10 recoup
without disaster TO themseyes All possible de-
vices were employed 10 create the impression that
the gentlemen's agreement would prove 20 be
nothing more solid ahnn an Octsaber frost, under
the burning rays Of the Chicago discussion Daily
dispatches were sent from Chicago and published
In New-ior< Of bitches here and there and OF
the prominent obsentecs from the meeting Shll
the gentlemen continued their daily
sessions, and according 10 The best
obtainable information each day made some
progress toward the establishments of the rules and
regulations necessary for the carrying out Of the
agreement Tho character OF the result which
Will be obtained will DO improved q hundred
fold by the care and deiberation in weighing
fully each proposition before its acceptance.
hasy conclusion would not prove worth the
paper required TO engross it,
The talk about cliques being loaded with stocks
and that the speculation for that reason is in
dangerous situation, which is continued and
market becomes more apparent is simply idle
because 10 Is known % oil such laxative persons
that there is not q Stock Exchange firm borrow
ing 20 per cent OF the amount OF money which
heretofore they have been borrowing when carry
ing largo lines Of stocks. IL any one who is
long OF stocks has made mistake and continues
to make mistake in still carrying them, 1t is
not Wall Street spectators. During the week
Atchison, Topeka and Santa Fe, and poor little
Texas and Pacific were the shoguns employed
10 brighten bona fide holders OF good securities
into seeking q market How miserable failure
the effort proved 70 be our Weekly Range
will show without further explanation. The
effort was successful however, to the extent Of
inducing dulness and waiting for events, or
for Whit might he the temporary results OF the
special movements referred 70. The final changes
generally are measured by small fractions scarcely
exceeding l-2 per cent, and the chief feature OF
the weeks dealings was q further demonstration
Of the solid character OF the holders OF stocks.
Subjoined 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 OF u week ago, preflXed bN the average
Rgices of January ~, 1883.
WEEKLY RANCE