New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-28

TihHnc has printed the gross earhlhss o rao
two companies or systeins or conf or the num-
SaIh t,,,ontvninp companies return cams "nen"s
no. If ~ per cent and three conip'ni' i'P'''
losses av5raFlng t,,hles divide the Aggregates and
,;G mo Of the companies showing gains anu
| losses: - ,eoo Dnrerencs p G.
g week IN oeqgsl4 7ss Inc $3.50 ss l2sS
49,, 60 comm, $40 SOL s7Ol548l Inc. 100000 'S'
q ysS In sss9e9 Inc S sii93siS SO
eeomPpanies... l4717l 1915 DEC 80 80
no, 40 4o7 s8O2o525 Inc. s4SSo2o 1884
THE WEEK AT THE STOCK EXCHANGE
A. the Stool, Exchange last week the general gen RAJ
bond market n! cd firm, with III sonle ,as
establishment of higher prtGeS ;branSh stock Ia
Good and continuous, botn thrVugm lrge hanl.
Change brokers and at the Offices oil lnc n arI,
ers The renewal OF money man fp, ,'Unn values
in the week had ts u any of fbem did not rush
20 sscH and neither did would-De DuyGtrs reouov
their limits because Monday anu lutouIS I;
Ill ~ soI5 per cent. But in the stocN niaiheO
~ IiTorent condition of affairs eAlSieu, h9O oe-
caHsn the real holders of stocks eAhpl'eu Ian, anS
onD-ie,v IN regard to present. or prospcCiH..o -
hut because a certain class OF speCuIat'ois, WIZ
ou1 Ugcnu'T Nod have been short OF the mar
lot and recently had added maternity " IN
-" sbort1 interest failing TO reiliHe 'nc do'uoi
conditions under which stocks are heu, innde I'M Dne
more attempt to demorall~e soic,itIn9 Witbovt
NOT eXist-a speculative stock maIhc'' ~ fron,
10 eunDort that for time comes oIlly I'm III
SpeculntiVe buyers, II was DO uIiouio 1" etaoI.s
iil io,ver nrcps even for such hrSt'class stocks
as Chicago ana Northwestern-a STOCK UNIV doI
long period has paid per cent, anu - I Ell
inc even during the last year Oh ueIhoiailHoJi
In5, r,icb more than per cent II is mentioned
simnlv as an example OF the week 5 nlurNcU ~
WAS sold of from III - the price weSA OK" ~
IN 10 and recovered to IL o'o"I i - "a
otber class of stocks Of which the Value Is mort vi
less speculative, and therefore 10 cyI1a Grd
has a speculative support IN the naIheO Suno,eN
A tba rDOH
Lncause all the efforts at depression were n'aue
AGAINST the better class OF stocks. me sninii . &
tent of decentralization which Is written 5uou u.I
exclaimed entirely away by the fact thC lne Vo'''A
,rdinsoct,ons for the week in hsted stOcFs az
ererated only I,00l shares,-leSs than tnrte
days business when SPECULATIVE spec ""rNeV ID III
Aside from the money question, all the occur
rpncps of the week were favorable 10 higher Nhu'-
lions While the traffic agreement ptImeI b ie
Chicago and Northwestern and the Union IaoiIio
Railroads does not attain to the importance WIhcr
laboriously is ascribed to it, ana wnle ~ III NO
manner is an alliance between tlie Two con, nv
onv moro than are the traffic arrangements De-
t,yeen the New-York Central and It's connexions
at Buffalo, it is an important step taken IownlI
the working with greater ECONOMIES On niGouoi
traffic and is direct growth OF 'Iab Oohuhu I
purchasing and taking away OF STOCKS from unc
speculative market TO which we so lTequeIuuTB r.
ferred during the last twelve months, we ~ uu
Tcve that the Union Pacific by law Is barred from
NAL king any exclusive contracts WITH foaus eiSt ot
the Missouri River and It is stated that the OhNn
Pacific Company is ready ana Wiling 10 Miho
similar contracts with any other OF us eastern COIL
| rcctions still for speculative purposes, ChcagQ
dispatcheS, having received their cue from wan
| Street have aborcd for two days TO demoilS'r;i"
that the contract referred TO dld receive the as
appreciation of other western INES aRq iIat my
would fight il TO the bitter end. y. VI faluh!Ih'
! chairman Of the Western Freight ASSOCIATION,
nrobablv stated the case exactly when le Sald 10 a
! Tribune reporter: a road that would make
FIGHT AGAINST such an ordinary ana harmless agree
! ment as that is would fight about nothihS at an.
We are making similar agreements between otnGr
roads every day, and see no reason Tor alarm III
! the deal On the whole the SITUATION Is very
| much more peaceful among our western INES thhh
| sensational Chicago writers woula nave 1t "t
| pear" We hope 10 hear of many more Just such
| contracts: they mean greater accommodations 10
| the public and economies for the railroads.
Til. railroad earnings as they are reported,
! both gross and net, show great improvement on
last wear and generally on the year OF 1851 Never
! were the complaints Of the shortage OF ears 10
;,,oyo tbe traffic greater than they are now, and
the shortage is as great for the western as il is for
! tho eastern movement of freight. Nhe such con-
ditions last the holders of securities are bkeiy to
nav little attention 10 the Idle gossip OF pes
| tiujsts nor 10 their tremendous Efforts 10 turn
| o,.or,, little and unimpOrant irrguaTity into a
! tremendous war between the railroads.
| The stock speculation Is dun, and we
see little rehel Tor r,, j" Gccause OF
! sprculativcly held. The improving properties
! have slowly been purchased, not By srcculatprs,
! INIT Inv pcople Of largc means, who have made
I
| the prCpcrtit~S from Acknowledgement, and by the
! doing OF business on business principles 10 place
| the properties on strong hihhchI OASIS In
! the meantime the minute operators IN Wall Street
make footballs of their contracts, ana think they
| are establishing the market values OF the United
| States greatest civilHng influence. We have
! had the consolidation Of thn two important but
| ,,,tioIIv conflicting interests of the Big Four
! and the Cincinnati, Columbus. Chicago and
'rdiounpolis and the reconstruction OF the Chcsi-
| ,o,l-o and Ohio and the Richmond ana Allegheny
in WI
! thr consolidated " Big Four This was brought
/ about only by the gradual absorption of che
securities If the different aud several corporations.
! Other schemes of like character are at work, and
| as they are making progress ny the same plan,
! as accomplished the CONSIDERATIONS referred 10.
there can De little doubt OF Their inai success and
| in propcr time OF their due announcement to the
These are the things which have made the
| labor of bears so futile. The ground IN which
! tLcv sCwcd had been cultivated so richly for
| another kind 90 crop that IT was the Wced-
/ that were clicked and withcrcd Judging by the
| stock loan market Of last Friday 1t is fair 10
| reason that the short" interest ut the end Of
! The week was materially larger than it was al
| lis beginning. There may have been some chang
! inc OF it's locality, but IN the aggregate il un-
| quc.tionably was larger In the meantime stocks
! made material declines, but later made smell
advances that gcperally Yesterday closing figures
! wore higher than these OF a week ago. And at
| v,stcolay's closing thrrc some reaction from
The best figures because as we read, OF dsappoipt-
mcn, NJ rhc character Of the bank statement
! What there was in n that could he called
| mad or Disappointing we are nj loss to compre-
! bend 4 reduction Of over $1,000, 900 I'm the
! liabilitie, with the loss of only $500, 900 cash
and small increase in the percentage OF total
reserve to liabilities seem 20 be nothing To whine
! about.
Following is our usual table giving the number
Of shares sold Of an stocks; the highest lowest
and final prices OF the week, together with the
final prices Of a week ago, preiiXed by the average
prices OF October q. 1888:
WEEKLY RANGE.