New-York tribune., 1889-12-23
Total 60 co.'s. ..s5,6 ,671 6j9 s02l3,O7l Inc. s51hs o5
THE WEEK AT THE STOCK EXCHANGE.

The developments of last week as factors in the
speculative situation at the Stock Exchange were
of an important character. Asi1e IRON the daily
declaration of evidences that the year OF 1889
has been an unusually prosperous one that the
movements of merchandise have been unusually
active that as shown by railroad reports esu-
mated for the wear the railway systems of the
country have been largely benefited by such
movements there in addition the important
settlement foreshadowed in this Column more than
a week ago of the disputes and controversies be-
tween the Missouri Pacific and the Missouri, |
Kansas and Texas Railways. This seItlenent
practically assures the immediate reorganization
of the Missouri, Kansas and Texas under the
Olcott plan, and removes serious impediment
to the harmonious working of the whole South
western system of railways. Looking back and
reviewing the artificial monetary conditions OF
the last two three months, it is now easy to
how the lack of unity OF interest In the
reorganization of this company has been serious
obstacle in the way of developments at the stock
Exchange which would have been in sympathy
with the general improvement In railway traihc
and earnings. powerful money influence has
stood in the way of speculative developments
which were warranted by the general conditions.
The report of the Missouri Pacific Railway
Company, which, although estimated for month
and one-haf Of the year, was , surprise to the
for the company to issue statement in advance
Of the full makingup of its accounts for its fiscal
year. Such statement at this time, however.
was called for by the recent attempts to discredt
the company in ISblic opinion, but yet IT is
questionable if one would have been permitted 10
he made IL the Missouri, Kansas ana texas STATUS
had not been arranged
II is pleasing TO note that the evidences of a
general prosperity are surely, II slowly, per-
meating the writings of some Of our contemporaries
to write that the Street was heavily loaded
with securities and resisting the bold and ener-
getic Onsaughts of the hears. With the
Missouri Pacific's show OF per cent earnings for
the year. and with the settlement between the
Iowa State Commissioners and the Iowa rail
ways tby the way what a funny fight this has
been all through the operators for decline have
been driven to their final ctadel--the depOrable
condition of the coal trade. 1t is not denied
that the unreasonable weather has materially re-
duced the consumption of anthracite coal Tor
domestic purposes, and that cOnsequert tly the
output temporarily has been greater than the
consumption But there is fair reason to hoLe
both for the sake of the anthracite coal trade
and d,, for the general health t,.,.E of the
prove true even now AS the days begin to
lengthen the cold begins to strengthen The
evidences Of the faith that all the coal properties
are doomed to destruction by this unreasonable
weather. however, do not appear to be any stronger
than the expressions of a week or more ago 10 the
effect that Missouri Pacific must pass through
the trials of reorganization before there could he
any hopes for improvement in the general stock
market: and it is known even 10 the most super
fcial observer that of the great anthracite coal
stocks dealt in in this market. except Reading.
all could continue to pay Their present dividends
with conditions as they now are.
AS usual of late, the stock market was unmer-
clfuIly hammered up TO the point OF the issue of
the Missouri Pacific statement. with what little
effect, except to the hammerers, is shown by the
fact that the total business in listed" stocks
for the whole week amounted only to 1.OS4447
shares and that the prices generally were not
marked to as low figures as were made during
the raid Of the preceding week. The Missouri
Pacific statement fOllOwe rs IL was bv tho rpnortS
of the Vanderbilt Eastern lines changed the char
acter of the market, but because of the dulness
and the timiditv Of the " bears i'm attempting :,
cover their stocks during such period of dull
ness the succeeding advances, with few eXccp-
tions, were not such as would have been wit
messed in an active speculation Prices however
at the close of the week generally higher
and in sorn instarcns materially So. than at the
close of the preceding week
The bond market at the Exchange more
than usually active during the week, while at
the counters of the large dealers increased
demand was reported. At the Exchange the
Wabashes, those Of Missouri. Kansas and Texas,
st. Louis and Iron Mountain iives. st. Louis,
Arkansas and Texas tirsts and seconds, the Gulf.
Colorado and Santa Fc firsts and SKIES and Fort
Worth and Denver frsts were the conspicuous
featur,s The last named bonds are selling at
about lO5 ex December interest, and il is eX-
pectpd by their holders that on the completion of
the consolidation with the Union Paciiic's Col
orado lines they will command much higher than
the present figures
Following 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 n week ago. preiiNed by the average
prices OF December %, 1888