New-York tribune., 1891-05-04
rot,, GA CO.'S 514l1s s5,eo7 ,2s5 Inc. elsSi7 D.
THE WEEK AT THE STOCK EXCHANGE.

Speculation in stocks last week was actlNe' pug
variable and uncertain Dccinc5 49, W. lay, ,rnre
recovered the next. The whole movement Wds
irregular and the final variations III prices WI WI
neither large nor significant, and' IN i IacS, tb
divided between gains and losses. on MONDAY e tne
enthusiasm of the market was chilled py Aco
selling for foreign account but the iractiohnl ou
cline served only TO check the previous annsuSS
on the following day traders displayed uhusunl uhusu'
anxiety 10 recover short sales. and apparently
london rebought some of the stocks IL had s9lu, M
The publication of the Marcn eapLtmsS hae1 "a reac-
Chicago, Burlington and Quincy pro4aced a. redce te
tinn ON Wednesday which was heiped py tne
tronbles in the Ninth National Bank ana lhe sup up
ments of gold The unexpected ,4 Ielusat nto 0t "a 81
RontI of England TO advance its discount rale at
10 re0nlar weekly meeting of the governors In
parted strength to the market on IhufsuaS, @no
the buying by Chicago was noV re- lSS' buotsncv
than that for foreign account; Inc puoSailos
yraS AGAIN checked on Friday by large eIgaer-
ments of gold for export and py eAuaoi1ln"eS DulIeS
activity and weakness IN missouri aolio,
fluctuations were frequent yesterday, o4t e tllo
nins;n~ was in the midst of rally when was
sfip1uiated by the publication OF an uneXpecUeulS
GOOD bank statement. -. a., oodi+ior
s0Ai AsiSe from any discussion about the condltl9h
90 tho Treasury or the size Of its surplus, Ine
Continuance of the outward movement OF Golu
was the most potent factor III the epeculauIOii
rrbo ovtant of the movement cannot De lneaSureui
because most ct the shipments are maue at an an
evident loss Almost every country III EUROPE
seems willing to pay premium ior go!q, anu n -,
these circumstances they alome Elk hiiow rsnder ncco
sarv sucb financial reinforcements are not appIe-
oiatod ar fully understood on TINS slde OF ule
Atlantic Whether the demand for specie. Is
coused bv the further and stfaolIy IhciSssihE -
losses in South American securities or WheHhtI
nv nreparations for a general WsT lhehce NJ ~
d;Hdrence so far as this country is conccrhel'
PerSons thoroughly familiar with the SITUATION
i'm London look for further exports 20 li'V w
while Russia, Germany and france seem a3so- I
nteI unable to satisfy their thirst for gold fOf-
tunafelv this country is in a position where Ii
can readily spare large amount, although the
move ment may attain such dimensions as 10 hter1
| fere in some degree with speculation IN faiiIodu
| securities 1t is becoming constantly more ap-
| haven't that the newfangled financial methods
which were adopted on the collapse OF the Earrings
| in November were successful only III casting q
| blight over all the European markets. III looKs
| as II the experiment was hardly Worth trying. ,
Cine of the most significant incidents OF the
week was the selling Of Missouri Pacific stock on
| Friday. II would be absurd to suggest taaJ II
was for the short" account, for the stock is not
J a favorite of the bear faction. Ii excited com
mon suspicion that for some occult purpose ue
| president of the Missouri Pacific Railway was
| willing to see lower prices throughout the lst
! That it had anything whatever 10 do with the
| aDDroaching meeting Of the Western frame AssO,
ciatOu seems equally ridiculous, because MI UouId
has announced publicly his sympathy WIN i@na' @
! organic tionsand his confidence in it's stapLitS
| II is by n0smeans impossible that the decline
| su nered bv that stock was intended 10 nash
| heavy buying of Others in anticipation OF 2 sue
| cessful outcome Of the railroad meeting WHht-
| ever may have been It's purpose, the manipulation
was skilful and adroit, and it resulted in com
pletey Inystifying Wall Street as 10 the intentions
! of its Ieputed author
| Following is our usual table, giving the num-
her of shares sold OF all stocks the highest lowest
! and final prices of the week, together with the
final prices Of a week ago, prehXed by the average
! prices Of May 3. 1890:
/ WEEKLY RANCE.