New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-21

Tvs ptr cent it has printed also the gross earn
ings OF eixty-nine companies for the first week
IN Decemeer: The whole number gives an in
crease OF S641 $40, or SO per cent
The following tables divide the aggregates and differences
OF the companies, showing gains and losses:
IS ssS 1sYG lss rds p
Total sS eCs.s40iS74s sSooU,a2l Inc sge 7si lo.s
Il 80 s9S,s ISs ,s
Total go cos.s7,4so225 sso7sOs5 Inc. se4i $40 81
THE WEEK AT THE STOCK EXCHANGE.
While the transactions in stocks last week were
larger than usual recently, and even than those
in the same week in two preceding years the
activity in railway bonds remained she most
favorable and encouraging feature of the Stock
amounted to about $4,000, 900 but it is im-
possible 10 know the sales that were made over
the counters of dealers. This renewed demand
for bonds is most suspicious augury because IL
Is natural and logical consequence OF the grow
ing ease OF money; while it indicates a revival Of
public interest. Capital constantly seeks profit
fall below per cent it is entirely natural that
| demand for safe investments should spring up
| in the endeavor to secure larger returns. There
are many bonds in The market which are selling
at prices that return 8 and per cent on the ill.,
| vestment. 1t would be invidious 10 mention par
| tcular issues where there are so many desirable
ones. IL Is necessary in general way to cal at
tention TO the movement in bonds, for 1t forms
a most substantial foundation for a future I'D
| vance in stocks A continuance of the monetary
ease will speedily reduce the amount Of floating
bonds. and speculation in stocks will become then
| at least active and perhaps rampant
IL should not be overlooked that although there
curities that must be marketed is not ihconsider,
able. The events Of the last year, and the
method of assistance which they made neces-
sary left large lots of unmarketable securities in
| the hands of guarantee syndicates.. Ample time
was given in every instance for the purpose Of
avoiding ruinous sacrifices. but the sale of the
IL rf11x he
| made. The recent advance in the markets makes
the task Of the guarantors easier, and there can
be no reason. of course why they should not
| fully accomplish it in much less time than was
allowed. 1t would not be surprising il the COL
| lavral trust notes Of the Union Pacific Railway
sfbuld be paid off in the Of the next year.
The sooner they are paid the greater will be the
profits from the transaction and the rise in the
bonds underlying the notes has already been very
| large.
The movements in the stock market in the
| week were irregular, but generally toward o
| higher level of prices. The first stimulus was
| impaired by the increase in the Rock Island
dividend, which was promptly, doubled when the
| ton of profits. The management has gained
largely in public esteem within the last year, for
i required no little courage to reduce the divl-
acknowledge the changed conditions OF traffic Is
equally commendabie. The result is seen in
the eager demand fer the company's securities ana
its bonds, as well as stock, responded quickly to
| the announcement of the increased dividend. The
| stock rose nearly per cent, and the improve
ment was maintained to the end; Inc &c other ne
| less decided, although Burlington and Quincy
gained over 3 per cent and ST Panl 5-s per
cent. Tie increase in the Rock Island dlvl-
dend served to stimulate at first fresh buying of
the Vanderbilt stocks, In the hope THAI the drec-
| tors Of those companies would display similar
generosity The recent movem;1t IN this sroSap
but IL cannot be said that the popular opinion has
been influenced by promises from persons most
,be nse z Ra sRs the
! hopes that have been Entertained in Wall Street,
and if they should be partially disappointed specu-
latOrs will have only themselves to blame. Inc
| sluggishness of the stocks in the last few days
| reflected more reasonable opinion: But II the
| Vanderbilt stocks have hesitated, Erie has not
| nearly Q per cent, and like the leading Granger
shares its last price was nearly the best Tor the
week. and indeed in the present movement
| The activity and strength of Erie We're the more
| important, however, because the buying was
admitted to be largely for foreign account. Al
ways faxorte of European spectators, the stoCH
| efficiency Of it's management, while the conul-
| ZION and business of the road hold out promise
of dividends on the common stock IL was tne
| European buying of Erie, indeed, when helped
| largely to turn the foreign exchange market on
Friday. The reduction in rates then made was
suggestive of complete ange IN i1 tbe
| stock market If Europe has ceased 10 sen
American securities, and has begun once more %
increase it's holdings there can 1e no uOtDs Irai
the movement Ct gold toward TINS country WI w,
mensely in favor Of this county and II the cur,
| rent Of securities has turned setuemehu VIII
| make necessary further payments III COLO.
The week was destitute OF interesting ncluenus
| Tie quarrel in the Richmond Terminal poara has
| become more open, and change III the manage
| ment seems to be inevitable. No progress III LIE
| necessary reorganization Of the company was mace
/ Ii is to be conducted by the present owners ol
| the stocks but the plan will depend largely ioi
| success on the small part which certain inside IN
terests may be permitted u take. IL the Plan
| should he designed merely TO afford them an op
! nortunitv TO increase their fortunes Dy uhueI'
| writing the scheme it may Ike douDted Wnethel
| the stocks will he materially benefited. Recent
| deyelopments in the Held-Lindley failure have no'
| been reassurng, and the settement between .Iit
| Adams EyIress Company and its former piesident
alhou ah Of little consequence TO the stock market
| cannot help public confidence hestluuoa u
| confession and if the president was guilty OF INT
| obaroes made AGAINST him, a settlement can DE re-
| 6ardsd "a not much less than the compromising OF
In spite of the few unpleasant influences, thf
| tone az speculation at the end or the week was
| sVceedinsfy confident. The business yesterday wa'
unue:ally large for hah-holiday, and the ciosihs
nrices were fittle below the, highest. Ihat the
| market has broadening tendency was proved "
| the activity and advances IN many stocNs mlio a
| have been quiet or dormant since the spring "o'e
| ment -, .A,, ;,.,ra tho pur,
her of shares sold Of all stocks, the h9nesI .ow
| ast and final prices Of the week, tosetner VIVID
| he final prices of a week ago, prelXed by the
| average prices Of December 20, ls9o
| WEEKLY RANGE.
--------I ACTUAL SAILS Final. r...,