New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-20
Total e7 co'sse 225 $40 $3.50 SOB Inc. 1894 227 5
THE WEEK AT THE STOCK EXCHANGE.

The unhappy developments in the last week had
no other influence than 10 check the activity OF
speculation. In spite of them prices advanced
moderately, and in many instances the highest
prices for the week were made at the close. The
conspicuous feature Of the MARKET indeed, was It's
stubborn resistance TO uniavorable events. Specu-
lators were inclined TO sell stocks what is
claimed to be a practical dissolution OF the west
ern Traffic Association by the failure TO secure
quorum at the Chicago meeting, The absence OF
representatives of the Could railways can be en-
planned in no satisfactory way If MIR. Gould Is
fully in sympathy with the ASSOCIATION. IL Is
plain that when he left New York he had no IN
tention of attending the meeting or OF having ms
companies represented there. The excuse OF ran
health which he was advised would make IL inl-
possible for him to visit Chicago could hardy
apply to the other officers OF his companies VINO
are members of the Advisory Board. Inc eN-
plantations that these roads will be represented al
another meeting in this city are not good,
the Board have not been improved by the slgat
which the Missouri Pacific and the Union facIc
showed the meeting. 1t is argued In some guar,
tiers that the incident was merely specute; e tba
the strength of the market in the last hall OF te
week Goes far toward confirming the Suspicion;
II is by no means impossible that the buying
whether in the Gould or other interests mSs 70
couraged and perhaps helped by what appeared 70
be unhappy news. 1t is speclous 9rgumen.,
hbwever that because stocks dld not ian apIupuS
on what must be considered an unieVora9Is al OH
nouncement they must advance on any sood neW W."
TIC ,mnortnnt movements in the stock Market lor
fine last six months have almost lnvarlapV oee"
opposed to this theory. 800. .ho contin
81 more Importance perhaps, was Ihe coH, .int
nod outlaw OF gold to Europe, which was mo. nov
checked by any foreign demand ior our dn of
There was some speculative buying oy LJL nt hUt
c. PorI and other favorites of that Market DuS
a. ,ros fnliv counterbaanced by the continues
selling of Willard shares for account Oh p tho
lin II was officially announTc,eo tna no I his
friendly relations between Mr.. Sla ito %ru
$1,000 Constituency have not been interrupted
Hrt this only makes more inscrutaDle INC p penSSn
for the persistent selling of the Nor.hern roYn5
and North American shares. EDe ,ro ueT but in
snitH of il Northern Pacific preferred Wnlcn T tb
The most active gained only Ia per cent . IN ote
week. This was in sharp contrast VIII tbn inoding
mcoM Of > ner cent or more IN the ieaallg
Granger stocks and of nearly as mucn IN VA |hn
The business was not well dst19ntGiG;, ana and md
tnUsactions in St. Paul. Chicago. Burlington anu
1iov Atchison and Northern Paclhc preIer!su
were nearly one-half the entire business ~ ,r
regular department. If the seling OF 'lie nI' Nv
stocks was significant the hesltallon snVmn t;ii
MSSnvri Pacific and Union Pacific may ne sun
more There was selling of these LOT i.oiIu o
or Perrin but their final gains IN the Wee n WI
barely larger than that IN Nof'herh i"'iiO pi'
Other incidents of the week were the ac1R F VIZ
odGed futility of the attempted DOyc0tO OIL .lIc
Chicago and Alton by the Eastern ralTOaq GoLL
anioe and the evident decision of the Lchlgh
Valley Railroad totally to ignore the orders oI ulG
Interstate Commerce Commission III IeSaTu " 80 "a?
rntos II can hardly be said that railroad alIalIs
nentoI lines slight the Western Iraihc AsSociia-
t;on. when the Chicago and Alton shcceSsIHIn ny
Gghts the combined Eastern raj roeds, and when
Ie6h valley practically ftty sohno Sr~ en oS F' tSc
TnIes The three incidents seem to be another
fI illustration Of the Old saying that You can lead
horse to water The failure Of c the S Mlnn SG
PsFssp'3 perS esS' why int should Tie
be expected will BE widely Hn sSat
INastors in New England who were tattered by
The failure would be Of little C Ss Geo1sG Of
- nnternrises conducted on similar lines The
Scs;ro 70 secure unusual rates Of interest may
prove to be costly one for all the Eastern States
Following is our usual taoie giSinS .te
ond f Anal prices of the week, together with the
anol nrces of week ago, prefxed by the average
prices of April 10, 1880:
WEEKLY RANGE.