New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-30

cent, and thirteen companies return l.sscs aver
uSih9 -" per cent. The whole number gives
SonI over the corresponding week of last year OF
T~-o,"fo, or a. per cent. The percentage Of
lolly -,hrec companies, which week ago had re-
ported earnings for the second week in the month
wa - per cent: bu, this is row reduced by the
ad0ltlOn OF tNcnty-thrcc companies to an aggTo-
gate OF AZ per cent. similar reduction in the
percentage for the third week will probably bring
'c Sos IN receipts beoW The increase in mileage
tnces OF the companies. showing gains and losses:
"a ldm 9S n March" s2 g. 50 is2 60 ~
| is eompni s.-.. 1.5'53GO 100 o5S Dec S44o2 80
TS:al 4 sisco,lC5 s5,O2S, 7O5 Inc. sa28,5iO ~
81 conpani s.:.. 1,07,i.S isGs2S5 De-. iii.i95 81
Total IS co.'s so..35175 $500 83S Inc 82G7IC3 ~
THE WEEK AT THE STOCK EXCHANGE
The total transactions in stocks last week were
5i7.l?2 shares, against 92l ,526 in The previous
week, and 1GG,@02 shares in the corresponding
week Of last year. There was one less business
day III the week. but even with that allowance
speculation was utterly stagnant The entire
600 par value. The wCel; not unintercsting,
however, and the movement of prices again demon
strated the ohstinacy of the holders of railway
securities. who were not betrayed into selling.
One of the incidents of the speculation was the
marketing OF small amount Of Northwestern
preferred. but 1t was accOmp liShed with loss Of
only small fraction. The reason for the selling
was not made known, but of course it was moi
for the short" account. Whether II has ceased
AS rue, however, prices advanced pretty steadily
throughout the week. although the control of
the movement seemed to be entirely in the hands
of professional traders, who were satisfied with
small fluctuations The declaration of the usual
dividend on Rock Island strengthened prices of
the Granger group and was not without effect
Oh the general list. The most important net adj
vance which was achieved i'll Rock Island was only
, IL per cent, and the common variations were
scarcely more than a small fraction. Missouri
Pacific was one of the exceptions 10 the general
rule, and it closed somewhat lower than a week
ago. The action of the Missouri Pacific manage
ment in its manipulation of traffic rates is mex
plicablc but there is no doubt that the reduction
in It's tariff was made with the full knowledge
and consent Of its chief executive IL was rumOrcd
yesterday that in accordance with the agreement
made in this city the dismi Ssal of the offending
subordinate had been demanded. In some quarters
it seemed TO be believed that the decision
of the Missouri Pacific mana cement would dcpcnd
the value, and possibly the existence. of the
Western Traffic Association. II may be suspected
with some show of reason that this test of the
agreement may he designed to lead the way to
another and better one more i'll accordance with
tie plan which NJ the tine WAS presented by Mr.
Could AT the meeting in this city that plan
was not even discussed, but another which
became the basis of the present association. was
introduced. While all the companies asscntcd 10
it readily. the latest Developments 90 TO show
that the compaisance Of some important interests
was superficial rather than genuine
The course of the market directly opposed
failure OF small bank excited rumors about
other institutions Reports from Europe proved
that financial troubles had not been completely
settled, and even from Italy came the announce
ment that assistance according 20 modern
methods had been rendered to two cmbar-
raised houses The excessive premium on gold
at Buenos Ayres was another substantial indica-
ton that matters there had not been quoted
and the decline in British consols and French
rentcs betokened slight uneasIncss. This may
have been due in part, however. To- a periodical
war scare and the political complications which
are now going on between the great European
Powers; II is. of course. only question Of time
when the military and political tension will give
way. There appears to he no good reason for
exptE ing an outbreak als year. for financially
lew European countries are i'll condition for
even a brief conflict The market wholly disrr-
garded the further shipment of 100000 gold
perhaps because it was admitted TO be special
and not an exchange transaction. That fresh
exports likely to be made may he inferred
from the movement of merchandise to and from
This port. The imports in the past week were
more than $2,000,000 larger than in the CORE
spending week wear ago, and nearly S3,OO9,aOO
larger than in the same week in 1889. Since
the beginning Of the year they are S7.oOO,0OC
greater than in the same period last year, and
nearly Sl4000.000 larger than in the same period
two years ago. On the other hand, the exports
from New.fork have not increased proportion
ately. and since January they are smaller than
in either of the two preceding years. As the
movement of securities is completely at stand
the adjustment of these balances must be IN
money recognized MS the standard throughout
the world. Decidedly the most favorable feature
is the continued good news about the winter wheat
CROP the condition Of which was apparently never
better than at this season. II Is TOO early 10 make
any calculations spring wheat. for the season
has been unusually backward. but this fact Is no
detriment to the crop. The advance in The price
Of all cereals will C.iisc the planting OF an I'M
usually large acreage. aid only extraordinary
injury would seem likely TO prevent bountiful
harVeSts.
The occurrence of a holiday on Friday failed
To nfuse life into speculation. but the closing
was strong and confident. The publication Of n
bank statement which was much less unfavOr
able than the known movements of money. had
indicated. gave stimulus 10 the late dealings
Following is our usual table. giving the num-
Der Of shares sold of all stocks the highest lowest
and final prices Of the week. together with the
final prices of n week ago, prciXed by the average
prices OF March %, 1890:
WEEKLY RANGE.