New-York tribune., 1890-03-31
ro,, n Co.'s % cs7 a. 37s s92 Inc. s42o'27' lo
THE WEEK IN TIE STOCK EXCHANGE.

The last week in the stock mlrkc' was c'sn u
dullcr than TIE preceding one in ls,v' % ~ s'o' 10
The transactions aggregated ohN 'oo'' ',' '..'
AGAINST GA shares for 'hc picV'.'n5 Wv 49, w.
aside from the general causes when lor 80 iVnE
a fine have been I'll work 10 produce u'''r - - = =
nation at the Stock EAchaiiIe M Mlsu WI. ,ri r.crv
were spccial and incidental inidonccs' lHt VIZ
,nuch eXacgerated reports OF damage al i-o'is ~,
Vile and other places by the toi ii"do nr ,u"ta
checked all disposition to purchase ci'''i -"
succuative or investment account uht' vac q, 80. =
truth could be learned. That the eNaescra,en
rcports had no effect upon values pcNonu M .n's
circn by the assaults OF operators aire"uA sn'i
shows more emphatcally thah any plc, 'yI' ~.
nidont how welt and how strongly are Hrl1, hou
,niS the actual certificates, but also the "u'''dNu
ino contracts for deliveries =. l., r-r;o
''' r,,e nronosed issue by the New-l ork LaSe IrH
o,d Western Railway of So OOo. 600 Wcoha" ken
Drcl, and Improvement Company ponds iOr IN,
nnrposc of extending and improving i'S
facilities. sprung upon uhc nao,H IN cnmmanv
as an issue to be made 10 Ielie'c uc co'"P'iS
from messing financial demands, ana II vas ~ usru
for spccial effect upon the securities oi 'li'. l
pany and, incidentally, for e'ec, "2om H .' o9
i ~ second sizes TO % =. The pToposc'
;esnc is for entirely Legitimate pnrptscS; W
euoblc The Ere Company 70 ndhuIc '"'i
which now is pressing upon IL DcNOnu Iie ,
"a. ',.0 ,Ln ;esne the company viii receive fnll
value ard PROFESSIONALLY increase us iH,ll.nd iH,llnvd
tlcrchv 10 such an extent thht 'h' ia, -, -, =
business will pay more in prohts thaii uo"po vi
,-net nnnn the outlay. Ii is to H. regretted
mat publicity in official shape was no, ~ ,i
to the scheme the very moment C''V is'"' -; '
been determined upon. II ~ Aau p'cn -" H
Wi street succulators would not nave nc',i
oblc 10 spring a surprise formulated 20 SUN '''l
own purposes for the purpose ol lTiSh'r,.''s % vi"
holders of the company sccn1'lcs. mn. "'.'
tte purposc for which the news was ms, 2l'cn "a'
and il checked an improvement III the GrhcIaI
market which already had begun, alier '''rr
couprchension OF the extent OF 'ic Louis ti'c %
ool"initv Admitting that the Issue OF n debt Tor
tbc nurposc Of obtaining additional property WIS
detrimental to the Immediate value oi ..S o',I, Sn,
il is absurd not 10 recognize that any su'h a'
improves the security Of underlying honds. ~"
Pcnnsylyania company is steadily increasing us
canital account as we'll its Indebtedness lDr
bcfterments and improvements. put WIN .hn" ,
co,nnany an such determinations are Immediately
made Dublic by official procl1lnaioh, anu 'h'ic-
fore are not subject 10 tie distorted inerprc'a-
tions of stock spectators. ,...- ..
NOT without effect upon market which by con-
tinual nagging has ceased TO possess any quui,lcS
of a speculative character. for fc.L "'u ~. -
half il has been nGg. nag nag, all the 'Hhr.
Phantops Of possibilities continually nave nrcii
rcvamped and reprinted for the purpose Of AFFORD
Ing few operators an opportunity 10 cios UP Wv,
"short" accounts. 1t is only ore SNORT mohlh
aro that the naggng rested upon predictions oil
ronetarv stringcncy during March end pending
the April settlements. II was lncn ad,ni,lc'' .'"
market and more active speculation. but me
warning was given to all people holding
stocks that Se,oTs Apr TO hSy b~y T3",n tbe
cheaper. Tho wall then was, "Givc rs
the market till We have covered. 80 now TIE
same grcat "bcaT" organ begins another vail
Although, prices later may bc higher. no ore
can tell what may happen in the near fufpn:
IL is the unexpected that almost always happens.
So. as at the beginning of March il was asserted
that money would rule stringent, me same ciAl-
rent authority now asserts: Nearly every
| body expects that after April settlements are
over the market will become lively and 90 up.
IL is lust a chance that it will become lively and
60 down.
Until brokers arc able to furnish their clients
with some opinions based upon the actual con-
dition of affairs and not total lack OF opinion
! because Of being entirely under the influence
of the naggng process II is not likely that the
market will become lively in either direction.
| So long as brokers meet their clients with com
plants and We'll, | don't know their bus-
| reSs is not likely 10 show any material improve
ment in speculative way, although the country
during the last year and half Of Wen: dont
| knows" has made wonderful progress in its bust
ness: the railroads steadily report Increasing
earnngs and the expansion Of legal money by
| silver coinage has been and is at the rate of
/ $3A 900, 600 per annum. The wonderful part OF
Il all is that brokers seem 10 like II well that
they continue 70 enlarge their expenses by the
! pnyrnents of money for the distribution among
! fhcir clients OF prepared distorted pessmistic
! views
Co:npared with week ago the prices are ir-
regularly changed but in majority Of eases
tncy are from n Ia To "A 1-2 per cent lower, and
| in some Instances for the inactivcs from ~ >
per cent lower. Although the market was ex-
ccssivcly duh on the last day Of the week il
closed strong.
Following IL orr usual table giving the number
| OF shares sold Of all stocks. the highest. lowest
and final prices Of the week; together with the
final price OF week ago. prefixcd by the average
prices of March 80, 1sso
WEEKLY
Iva, .H. Acrg.t SAILS. /. rnnaLI nas rou,
srocx. 90. 90. High. Low r,n.I; 22 'h.Iss.