New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-17
Total so comps sSI2S 1913 ss,2sltso Inc sloolS2 =:
THE WEEK IN THE STOCK MARKET


The stock speculation last week was principally
noted for the strength it developed under pressure
Of unfavorable reports and rumors Concerning
the situation Of .managements at He mg S.
roads, but the stories all run to bad blood among
the railways and Of O sort OF knock-thst chi ou-
feeling "a other arS TO Oras
poets OF more than they can handle, ore palnte1
as acting like spoiled children IN tor room
stocked with a years amusement for double their
number Some Of the reports Of course possessed
a grain of truth, but ell were exaggerated, and
as the stock market day after day failed TO respond
TO the Chicago specials" old dispatches were re-
peated with additions and vIciousness that eA-
posed their purpose.
This mornings papers contain dispatch from
Chicago announcing that the chicago ana Alton
has given notice OF withdrawal from the intersae
Railway Association, and the pretext Is the chi
cago and st. Paufs capture OF the livestock
traffic 1t may be all true that forty-eigh hours
csion of an Arbitration oo the livestock traffic,
which the Chicago and Alton had SAID WAS satls-
fctory to it, the last-named company should gNc
if it is true the Chicago and Alton is seeking for
the Chicago and Alton will withdraw from the
association on July Is as per alleged noncc.
After the late i'm portnnt advances IL was natufal
for the market to halt under the most favorable
conditions. Such profits as have accrued during
the rG last mon On TRa despite POPULATIONS and
scarecrow dispatches, the prices OF grangers have
huct,ated wildly and are practically unchanged
from q week ago-if anything, highcr-is evidence
that if it is speculation that has adyaaceI prices "
is of an exceptional kind. The coal stocks attrhcI
cd more than average attention, and all or them
show good final advances for the week, aithongh
not up to the best figures The trunk lines snow
some gains on moderate transactions; thcy were
hand, rather than spceulahvely ncnye, me
Southwesterns ruled strong and closc1 hlghSr
Atchison particularly WIS favorably ahected D!
the official announcement that the money TO meet
the July interest was already provided, ana by
reports OF it's large gains n earnings eoH,,-
ed the advance Of per cent. and
probably will still further STIMULATE II, ~ pur-
chases continue for account OF the recent buyFrs
The various trust stock COMPANIES are nm ''
from the effects Of personal quarrrlS OF rhIiwn,
managers They ruled firm oil the week. but
with the exception OF the sugar certificates MADE
no material advances.
All stocks and securities OF speculative char
actcr, however are subject 10 the monetary GnrS-
ton. The further export Of gold br Yesterday
| stpamers which was announced on Friday fore
noon, did affect the speculation and prices weak
| ened some under IT, But when, Friday afternoon
| after oil the gold had been withdrawn from
| bank, il WAS found that money was still In cX'
| ccssive supply at oa2 liz PER cent there was
| feeling OF relief that probably would have found
| EN- phatic exprcss on in q buying movement except
| for the Intervention OF the Saturday halfholiday
| One thing is certain the export OF s2S,0oo'O0C
gold since January !. without monetary dls,urn
| pay its debts with ease. Tho s2S,oo0,0Oo sent
| has not 70 he sent again. and IL the late news oil
| damage to the European wheat crops prove true
| there is probability or IL, ana more 100, oelht
| returned in the autumn.
| Suboiped is our usual table, giving the numbel
OF shares sold OF all stocks the highest lowest and
| final prices Of the week, togrther with the INA
prices of q week ago. prehxcd by the average price'
| OF June / 6, 1885,