New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-26
Total 70 CO.'S asa 341 s1oSo1,a1 Inc. ssls'67O 80
THE WEEK AT THE STOCK EXCHANGE.

Speculation in stocks last week was wavering
and on the surface uncertain. frlces moved up
and down by turns, but the fluctuations were mar
row with strong undertone. a part OF the un-
certainty was due to the operations OF IoreI9h
Ieolness Of the Continental Bourses No devel
Opments sufficient TO account Tor tnelr Iea,s VIZ
made public, land at the close OF the week tnere
was better feeling at Paris, where the depress9m
had been greatest. This influence was enuiey
apart from the financial and commercial conoltlons
in this country, and the foreign operations un-
doubtedly were merely speculative, ~ l..
The most striking feature OF the market, IN
deed, was the utter absence Of public ouying'
either foreign or domestic Apart irom hsl1 ,ing
is always going on, public interest was ouIl anu
apathetic. There was no material change III 1he
conditions surrounding speculation, unless the con
timed increase in railroad earnings should be con
sidered an exception The indlnerence OIL tne
public is not surprising because Eudentv
il will be long time before that Is forgotten, ana
there is reason to believe that it has already led
to a close discrimination In regard 10 rali"aS
1t is highly improbable, however that Mr..
Gould's purpose in putting Missouri PACING on tne
list of non-dividend stocks was to discourage pup
| lie buving either for investment or speculative
account. In view of the fact that he has large
amount of securities for which market is de-
sired it is more probable that ne did not antlcl-
nate the consequences of his action.
| In spite of the lack Of public interest and the
freouent fluctuations III prices, there was toward
the end of the week gradual Improvement; The
| Granger shares were affected favorably by the
reported earnings Of the st. Paul and the North
| west companies which were extraordinarily large
| The strength of the Vanderbilt stocks. however,
was tbe most conspicuous and most encouraging
| featpre of the trading New-York Central touched
the highest point in five wears, and the demand
| for il was not satisfied. The buying was based
on the excellent condition of the company and
| on the expectation of increase in the extra
dividend at the end Of the year. In regard 10
ali the Eastern trunk line stocks It should be
remembered that lake navigation Will lie closed
soon. and that they viii have large traillc al
winter freight rates. ,o,
Another sign of promise was the awakened
demand for low-prced bonds. The per cent
mortgage bonds Of such roads Us the Atchlson,
Missouri Kansas and Reading were Largely dealt
il at advancing prices, while there was also 1resh
eneculaTIon In the income bonds of these and
many other companies The transactions IN all
GRADES of bonds were exceptionally heavX. ana
in many instances the buying was OF that chaTac-
for which removes the securities from the market
While speculation was quiet, the large exchanges
compared with previous years confirmed The re,
morris of a 1ealthy mercantile trade. General
business is improving throughout the country,
and i'm the iron market, which is always sa1e
index there Ia "a distinctly better feeling; Inc
anthracite coal trade promises 10 be the largest
in volume ever done, and, although the produc-
ton is far in excess Of last year. the amount on
hand at tide-water is considerably less.
Following is our usuel table, giving the num-
her of shares sold of all stocks the highest, low
est and final prices of the week, together with
the final prices of week ago, prelXed by the
average prices Of October %. 500:
WEEKLY RANGE.