New-York tribune., 1890-07-14
Toal. 81 cos s34l7aes s3eo' 2-l in. go o.@
TIE WrLk AL THE STOCK EACIl\NNt-


Las, wee, witnessed an07---TTr dull speculation al
the STOCK Exchange. Inc tOttI oi u'As'c' mons iI
listed stocks was only GS4,j5- shares ana oil "N-
Istpi stocks o. 22@ shares, ol winch sugar '''
thcate, furnished 6.,O32 shares. Il ""S d"
bear Wcc, from beginning 10 eAd, =" lar '> ,'.,
manipu alton If the market Va, c"h''I"'u' I'''
in figure, II was aInioNt a n"AcA'I'\ ILL., v-'''.-
WIZ 22r'" ,nt ,1,,, ,,ere fine declines Inc
whole story OF the Wees S told in q slHse 81
tence-tAat Is. the speculative pr OF lJ.Ioc,Te
were active by word OF mouth III uI SIh- longs
10 eell out. and furnishing them WIN GOSSIP 80
reason why they should do SO Npc,tl"ttl, tI-,' e
bulls" if there are any. maze ID" de'"I'''. "' |
Ur attempts t. Offset the " bear GOSSIP NM W,
with pronounced activity on the ou" part aId
apparent apathy on the other: tne NM" cAaiIc'
Of The week possess uo significance beyond lnI-
uishiug evidence that there j. BACKBONE u we
market which Is not eAhp'i"d IN d,-n OF re-
less buyiug, bat tIrOHsu cuntiHuei ansoIPI"'
BIZ buyers who pay for what t4ey bH5 AllemP'S
to manipulate money ttIhS apon I'-I! NM i',,I''
actual gold shipments, ana tcTU'lA dIsl'N>i'l
stories from Chicago about the conditions OF the
CROPS were without cnett beyond rt'rdlnC nus
ness and curt1iIng the COMMISSIONS OF bio"e. -.
The condition Of the crops has been told b> tie
Government monthly report; the conulto. OF utt
money market daily illustrates us ~ the CVi"
exports m this particular time are known 10 he
si1nnIv sl,4,rnod g. In the face Of the almost i'm
mediate large supply Of cotton bills; and tie ri.-
road earnings also speak for Themselves. Iit me
facts concerning these matters are pI!h'rI on y
daily. weekly or mrntnly. wile the ,"ir'i' 1---
matches of distress and ts. ,t"r arc slui inf" the
Speculative system st the rate Of about five doses
an hour.
81 Panl and Union parie stocks seem 70 b
tie Dar.l SECULAR point Of attack, ard the prediction
was frequently made that thoe TWO stocks |"4.d
icad in % very serious hreak IN values. ri"n
Pacific declined from - - to G2 l-2 and clos !
n G3 81 and Il. Paul declined from = ]-e 10
y = and closed al - -. The pred ct.on> r'-
fcrTcd 10 were more p7oro1Ecrd at ah'W the time
when the stocks were selling al the lowest figures
named Spcculativcv they have more the APP
pearancc Of leading in an important advance than
in serious break.
And now the spectators for decline are con
frorted with new problem: with NE pass'gc
Of the silver bill and tie ccrtainf; OF an hNecuiNc
apDroval the power - cIeat" q money scar" for
tie present is past f. }, not necessary - expect
that the additional silver currency ie-runG +"
start an imrnrGiotc boom i'm 1A" values of stocks
or Uroducts: ir is sufficient - know that j viii
Le a continuous source 0i additional supply Of
eel money: so TINT holders Of sc"lritie, hero
aftor viii hc less likely 20 be disturbed oy threats
cf a manipulation ~ the money market
Following is our usual '4tc, 9iFinc III" mum
bcr of shares sold Of all stocks, DE highest, low
es4 and final prices Of me week together with tine
final prices q week atc. prr'iNcd by the average
nrices Of July -. 1899: