New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-28

Al the Stock Exchange last week there was
nothing except duncsS. Inc total trans 'ctions
in the General STOCK market amounted Only IA
ycs iO4 shares and IN tie unlisted department 10
g27 800 ,harrs-total i0r all. ,9G.O03 slmlca. Ih'
rGirt has been sent forth That there J. 40 rs" ia
,cc.,lotiup IN railway stocks. that all the Sprcu-
,i,r Lcrclficr will be ~ the industrial" stocks,
and this because Sugar kciincrcs certificates lat
week contributed 200,6'3 shares 10 the total oil
?21, 500 shares III the unlisted dcP'I1Hrhh i'r
term industrial STOCKS, de now HlFIPrtd y
.i,,nlv means anything which Is dealt IA II tnt
unlisted department % He Ncw-lorH St"c" TX
change ana about when IT. IL Impossible LOT any
,,, nifeidc of the select cOtoric 10 gam any IN
formation Railway stocks represent the greatest
industry of this country. The shares III co'''h
mills. WOollcn mills. iron iOnndiI'S, seer manu-
factore, and milling corporations are all Ihdu5 IA
c,nrfs. but rs the Term II applied 10" ~ Simply
means ANYTHING, he II sugar> lrad, catuc, touoh-
oil Trust or mining stocks which are III the uil-
N-tcd deuartmcnt. which requires no statements
nf increased capitazations, amount OF pIod"cis'
oross earnings OF net income. In other WORDS,
9ccordin0 10 the cdict of the gamblers organ, u
rcu will deal at the stock Exchange WIN any
Eoue of a huctuation You must deal IN the sccdr-
tjcs concerning which ~ is impossible Tor you I"
obtain any information: ana also WIN uc Ger
tointy that YOU are playing against loaucl "I'c
why're your chance 10 win Is one .'Ealhsl " ''",.
end But Of such is the fascinating phr'sfoi"sA
which 0lls column IN morning c0hclhp"'',S -,
Notwithstanding this powerful edict, WoIu',I
,,.;,L cnnslmmatr ability, the properties which
make rrgniar reports Of their carnn@s ana llnah-
ro conditions offer 10 spectators SAFER ana Ii"i'
ISL
pny attcIupis 10 play in the dark III" whole
S,..eu, Of Industrial securities for their poIin'
,,cnt improvements res'5 upon. first, the "rH"ih
IuoiucsS Of the country, and secondly, thclr IN
J;y,Jn,l business. which may bc influenced lN"f-
nhiy or adversely by special conditions. lucky
,,n,1bIcr possiby may make one or two sue
c"serrj turns i'm the shares Of a properly con
canine Which lac possesses no knowledge; I'M me
L,i,nr If a cccnritv representing a property when
makes regular reports and 70 which an ih''II,
"rnt pcrs0n may apply lbs ,nowledgc of general
Condit ons f. kcs less risk and ungucstlonablN VII
cither make money or lose smaller amount u NJ
;nio,ren, provP 20 be incorrect I@b0rlng uhd't
Tho dcIusion that The values in the genera marker
now are sustained by specnlati0n II clearly y
Tho nurrosc Of hear opera tors 10 cndcaFor 10
;ndurc Ioders Of railroad stGc}s Ia unload, th2l
,Lcv NAV turn their attention 10 the " lndustIHl
s,ocke I'm, Is tEerr are f"w speculative holders.
even Of the socond-closs railwaI stocks ~" cIi'r
5 likely to prove fguitICs> rs have d./en pre-
yious efforts made for The same purpose duTin@ l
last twelve months Ill: ,.
As has been repeatedly stated III ms c"Iumh,
there is a lack Of GOOD sccurIlcs III the street Tor
speculative purr0Sps: the prIncIpaI dehHheS are
in "Short" contracts. whether II DC the purchaser
r the seller The short" interest ~ re gen
,ral market is now probably rs large rs II has
,vrr been: il has been accumulauHg ~ add-
ton TO the old uncosed short interest," ever
since June l. The principal motor W
such a result has been the duIncSs OF the marKct
and not general conditions. or even sHcllcaIy