New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-06

slow moderate increases. The few companies that
have reported for the fourth week III June III,
variably show gains of which that of the ST. raul
Railroad is by far the most conspicuous. Inc
seven railroads show n gain over the same w wee
of last year Of $13lse7 or l.S per cent. Ing
Tribune has printed also the gross earnings oI
sixty-three companies for the third week IN juno:
OF this number forty companies return cams OIL
S33S,43l or 81 per cent, and fTSenIy-three conl-
mnies Losses averaging 0.4 per cent. Inc Wnole
number gives a gain over the same week iaS'
year of 81 ,94j or 1S per cent
The following table divides the aggregates and diher'
ences Of the companies, showing gains and losses
g wsSk IN June 1893 eoO 1De
20 companies. 2,SG0os1 2l4looo Dec z-41oo %
Total 90 CO. $50 O49 go solsc555 Inc. s1199i5 1s
THE WEEK AT THE STOCK EXCHANGE
The turn of a month, the end OF the nscai
year, was made without financial assurance.
There was not even a little furry In rates Ior
money in consequence of the July settlements.
Speculation in stocks throughout the week Was
lifeess however, and the variations IN prices
were due almost exclusively to the operations OF
professional traders. Speculation IN bonds W Wax
completely stagnant lhls lack OF SlccutSSt the
interest everywhere is remarkable, In view on Ine
heavy disbursements for interest and dlvluenu5
which on July l are the largest OF tile yeai, anu
in view of the strong condition of the cty banks,
the easy prices of money ana the continued gOoG
reports about the crops AZ the end OF the week
the stock market closed strong at substanhih au-
vances, but the movement was noG Such 90 70
indicate n rpawal<ened confidence. The moverlent
seemed TO be directed principally against the sort
interest, although there were some signs that
the effect of strong closing on London ana otLer
markets was rot overlooked. IT was the popu-
lar opinion in Wall Street that from TINS JIM
out the MARKET would be affected tavoraDly by
fresh and eager buying. The conditions III tlS
country Justify the opinion. The European situa-
ti0n is not clear, and small Shipment OF gOlu
on Saturday aroused fears that the movement was
not yet over. serious fail i'll RUSSIAN seeufl-
ties. with the reported failure Of large Rus
sian bank suggested the possibility that tnot
country would make further demands foT It's de-
positS in other countries. The crisis IN POrtn9a
was not relieved, and South American affairs re-
manned unsettled. It can hardly be expected that
Europe will he a large buyer of American securl-
ties so long as it needs money to prevent dslsro9s
losses in other directions. On tie contrary, us
very need of food will require tie selling OF It's
only merchantabc securities to satisfy It's require
ments.
The term of q month brought to us some inter
esting and important developments. Inc extern
sion of the l-2 per cert bonds will do much to
prevent airy monetary disturbance IN thic country
at time when the demand for money VIII ne
most urgent. For its decision the Cabinet must
he praised NEST heartily. The change In the
Tre0sirys presentment of the pupiic debt coIrecIs
in some respects the faults OF preceding Ad-
ministratioa, although in others IL Is not WHO'LL
to be commended. Nothing is to be gained ny
concealmcnt by any Department OF TIE Govern
ment and especially il financial matters there
should he perfect accord between the Treasury
and the people. In regard to one important phase
The Commercial and Financial Chronicle" a
recognized authority, says edlton0lly
BNG To our ullu uHc !HOSO OpJSNtiC Nii..ii-N
introduced Is the unfortunate minging Of silver
bullion and silver doll2rs bought or hed under
the different laws Of Congress For instance, here
tofore on tie one hand the old standard dollars
and tie bullion and certificates have been stated
bv themselves clearly and Enthusiastically and on
the other hand the dollars coined and bullion
held under the law Of 800 have also appeared
Just as distinctly by themselves. Under tie
new form ell silver dollars are Jumped In one
ITEM and all silver lion is Jumped in another
single item Our readers will at once under
tba lo-jf1 If tho
method covering up just the Information l1e
public needs making it quite difficult, if not i'm
p0sSib'e 10 learn what may hereafter he dOEe II
coming the bullion held under the law of 1890
into dollars or in issuing the dollars held under
tie same law Of 1890 In other words the whole
subject of controversy abO1t that bullion and those
dollars and certificates issued on the seigniorage
is put beyond public knowledge as if out of sight
meant out of mind.
aside from these developments speculation last
week was without incident. The stocks that are
supposed TO he most largely held abroad were
weak and strong by turns according to the course
of arbitrage dealings. Louisville and Nashville
advanced and declined according to rumOrs about
the approaching dividend, and ST. Paul rose
smartly in response to It's large earnings while
the other Granger shares moved in sympathy with |
il. A few of the industrial stocks were higher
and more active but, rule, it was only those
whose stocks are net widely distributed. TIE
ir8l net advances in tic week were from Pa
per cent in the leading shares.
Following is Onr usual table giving the num- |
Der Of shares sold of all stocks, the highest low
est and final prices of the week, together with
the final prices Of week ago, preliXed by the |
average prices of July 3, 1890: