New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-24
Tota. - eomg's sfi19.lOls35'GtO.I I've s'233 30 262
TIE WEEK IN TIE STOCK MARKET.

Total, - II ',lOi $50 ''O- Two CO.
TIE WEEK IN TIE STOCK MARKET.
The stock speculation last week had 10 bear
the brunt Of continued exaggerated reports and IA
wide dissemination OF Chicagos pes 'iInlstc views
| on the general railway situation. ana II bore II
| we'll furnishing cumulative evidence that the
present stock market Is not under the control OF
| speculative clquc> or leaders OF Tao ordinar!
| X nj. Chicago Is not, ~ II was on" year a%", 4
unit in It's stock spcculations there now Is both
| a Il bull" and bear account thcgc, but II
| seems rs il the bears" had Obtained c1nt-ul 81
| all the machinery through which news p and It's
| Interpretation, and Influences were gwen to Tie
public The week Opened with the report, which
proved 10 he true that th" Chicago and Alton ma
gwen formal notice OF its withdrawal from the
| Interstate Railway Association. The inportanc"
| Of this movement WAS cNng geratei, and II Wa
, used IN every possible manner to dCprr'S values
| the leaders Of The Tribune have been daiI- III
| f. rulcI Tie reports Of now eating Ol rates
were during the c,rly pa't Of tho week published
almost hourly. AMI the predictions OF more to
| come ami OF the dis Ntruus consequence, TO u"
Western railroads were rc""pltulnicd and re-
| va'nicI with rpdIry which tnNcd q" ahIllt! 81
the Western Union line And y't ptI,'' w1nin
| not down They c0lld call spuitA from, ~" v'S'r
deep, but th'y CoIId not C'r!nHnd - rr>pDn-r.
Af'cr the first sn,rIr on ti" Chicago aud Alton
| nn,uurcmcui hal sIrnt l's cnc-t-,ih that cH"
e. v..,c> cdII' fo.I dulu H'l Short sli'>-'h"
| ruc.Hation> ~ tho -r'n-"r "'"h> fr iIr r.
| m,Indcr Of the w,h wet ouiy ot IN ordinary
| character Severely they dt not fully recover
| from their cart declines. Bat Northwestern Wa
| noticeable IN clo-n. ~ higher th,u week az.
| and Atrh.on, Topeka and Santa re clSei IL
| Ia Che.
| | ri,H Inc'i" the publication ~ ~ Duplicated
bad statement Tot thu mrn'h Of AP-Il EdoT' -
were also made 10 Great" the impression that a."
result + III" lrCf con, ~ the OREGON COuIauIc, was
.ctr!u.cutrl I, 'hr linton p,,.hr Company. and t.
| give ~" ap'rirHur" Of q foreign az" upon tn
.tccii broke, with foreign connections w"t" en-
pIuyC'! - sell The stock AT ihi-! per cent b"i""
! he Lennon quotation. In" result i hh'I
! decline 4 I per cent and ! mnrr:Ial nldtio I
the amount Of outstanding short IN
| 'rrr>'S In" coal stocks were Sprcia !.
strong the week through and, with frequent llur,
iurtinIl,, established substantial final advances
The "o, NJ prices for Tho two Dclaw res and Cen
| 'ral Of New jersey are something ike 10 per cent
| above ihc ii!urcS of lew week. age" when mn'il
| wa, sid and written about ia" Disqualification OF
the coal traic. Sow much II srli and written
about tie decentralization Of the rniwnr traffic hI'
The prc~"nr prophets Of disaster hardly equal In
tlcir predictions those who few weeks alo saw
no pronis" in thc coal trade for TINS year.
uotirrnhlc feature l. thar Delaware and Hudson
has crossed Delaware. LnCkawanna and Western
in it's price, and seems 10 have taken It's place n
the more valuable stock OF III" i've" THIS column
frl n long period has maintained that OF th" is,
stocks the Delaware and Hudson was the NOR" val
liable ~ an investment. In thu trunk lines the
business was small with little disposition to spccu
lntn IN them either TO the long or the short
account.
Aside from tic di.cQurnging news sent ont by
the Western .r.slmil ~ - tIl" d>@"Nl'i"n OF rnl
| NsN managers ia cut each others thr"at~, tn" IL"
| yclnp,ncniS Of the week were Ol II favorable Ch1r
meter. The crop prospects. upon On" whole. are al
that could be desired while reports Of foreign
crops were Of a character - cnrCurac" the "\
ucctation Of q large forrl"n demand for ours. Tho
bnnk exchanges 81 The country confirm" {" rrlcr
| a growing volume Of general business. And th'
soundncSs OF our financial situation i demonstrate"
beyond question hy our ability ~ bear the con
tinucd drain Of gold without effect upon the mono
tarv ease If present prospects ar" not dclusiv"
there will be lint one reason why the ralwa" sy~
tenn OF the United State, docs not during the neat
few months enjoy uncAamn"d prosperity. That
will br the wilful md reckless mismannS"ment o.
the trustees II is not now, ana never has been, .
question Of railway agreements those have provo
useless IN periods Of depression and are not needle,
I'm pcr,nds Of pruSpcritv-hut OF supply and demand
Now I'll tho probabilities point tO u demand fO
tonnage beyond the railways c1paci ties, and on'
evidence Of II is fourd in the new orders given FOL
| additional railway equipment.
The trust stocks last week continued 10 attract
their fair shnr" Of attention. Til" Sugar Rriinrrir
declared dividrrd Of IL per cent; HnG c,n n'
from 100 . dividend on 10 lIs IL cx dividend
which established n final advance OF 20 Ia per
| cont for tho week National Lend was loss active
than in the preceding week. hut closed with M
advance Of 80 prr cent. but a lower thnn the
highest price of tho week. Cotton%ci on Ger
tincatcs were comparatively dull and closed IA
, per cent lower th"n week ago They hnd beer
comparatively steady, with little speculation, unit
, Yesterday, when o. report OF the Louisiana dcrs
| ION restraining 'hN company from tranSlctint
business in that State the stock raided dowr
TO 30. This decision seems 10 have been nnticI
, Intcd and waited for by the insiders, for at -
! | the STOCK met 70 EnOl DnSlng utHlah'. "hlfh WI
J | not aggressive hut only acccptorS Of such offer
inCS as were made While the company has III
; money on hand applicable "a the payment Of ;
! | dividend il is still undetermined whether or no
one shnll he declared till late In the autumn
| There Ia q diversity Of opinion on the sub
! among the directors, the conservative el"n"n
| and largest holders OF the stock favorinC post
ponrmcnt.
, Suhioincd is our usual table, giving the humble
Of shares sold Of all stocks the highest lowest nnt
final prices OF the week. together with the finn
prices OF week 30, preiXed by the average price
| NJ June 20, 1888: