New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-25

Thursday. April ZIP. IN
practically retired member Of the stock ~
change was asked to-day if he was betting on
silver initiation His reply was " don't care q
fig for silver initiation The stock market J.,
going up in the large business Of the country.
For two years you have had bear market
straightforward all the failures at the Stock TX
change have been those Of bears. There are
many grains Of solid horse sense AS well as II
truth in that answer. Yet to-day the agreement
Of the Senate and House committee appointed By
the Republican caucus 70 silver bill was
factor for the first time in the stool, market.
IL is idle at this time 70 speculate upon the amount
OF additional imitation the enactment Of the pro-
posed bill viii cause. because no one can forc,cc
the price Of silver. The higher the price - within
the limits prescribed for the compulsory Treasury
buying OF silver, the greater Will DE the amount Of
imitation. Bat that it will add al least $50, 0oo,-
900 year 10 the SJ4 900, 900 silver expansion
under the present law is certain.
But IA to-day market the silver question only
FASTENED some buying for the short account
Oh a market where Tie offerings, even al the adj
vances, were small. II was hair added 10 the
real iacioi-the large business Of the country ana
the reported railway earnings. For the third
week III April eleven companies have reported,
and they all report gains greater than in the
first and second weeks. The business OF the day
.gs $50 shares in the listed observation-disclosures large
ton. And therefore, We say the speculation il YET
limited. That 1t has materially broadcned dur-
ing the last two weeks is beyond question, Duf III
is yet TOO early to credit the silver question WIN
having been principal factor. Professional
operators are yet too sceptica Of the legislation
10 DO more than reduce their large line 81
shorts When some legislation is assured, the
same operators may blossom out as great pun
leaders in speculation: but not vet. so. ASIA"
from some addi'lonal buying OF shorts. 10
days advances in Values which MATERNAL
may be set 10 the cicd1t Of progressive fcdllNi-
zion Of the conditions Of business as reflected in
The returns Of earnings II will be absurd 10
say that q movement began two weeks ago. when
The silver question had been forgotten. and when
had made steady progress would not increase IN
momentum so long as the condition In which u
of stocks for sale and big rail-
road carnings-continued to become more EN-
phatc. ,,.,..
In the days market Delaware and Hudson
ND 10 100 3-4alG0. and Delaware Lackawanna
and Western up TO l43 g. were conspicuous
features Oregon Railway and Navigation stock
was freely purchased for Boston at from i OF 80
Short Line and Utah Northern rose from A. ia
TO 40 "a, and Union Pacific from Ga "a rose to
az 34aGJ l-2. despite the advance being stub
hornlv resisted at every fraction. Big FOurs were
in good demand up 10 ~ 3-sa74, and Chcsapsake
and Ohio first preferred sold at "a. All inc
2rangcrs made good advances, Burlington am
Quincy to 1O7 l-2. Rock Island TO 03 -, ~.
PauI 10 70 5-s and Northwestern to l13 Inc
market closed with final figures a fraction OIL
from the highest, but strong
TIE DAY n TIE BOND MARKETS.
The Treasury purchased $lO.s00 4 per cents
At 100 and S3Ol 500 l2 per cents at O3 l.,
total S3I2.30O At the Stock Exchange there
were no transactions in Government bonds. QUO
tations are steady as follows: