New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-18

eut, ana seventeen companies return losses aver
aging ga per cent. The whole NUMBER gives
gain the same week of last year OF SAIL
js5, or 100 per cent. IL has printed also the gross
earnings of sXty-four companies Tor the fourth
week in June The whole number gives gain of
$GsS,3l7, or sos per cent -
The following table divides the aggregates and
differences of the companies showing gains and
losses:
' s:s 's':
Total So co.,.....so 224OiI 80 CO6,5oe e4n,6s5 II
e $sps@s 4sS SSH ' g 81 81 go g.
Total o. COSTS 4ss,447 se17I,7o4 sesa,al7 80
THE WEEK AT THE STOCK EXCHANGE.
There was heavy shrinkage in the volume
of business at the Stock Exchange, but in spite
of the dulness the transactions were larger than
n the same week in two preceding years. The
falling of from the previous week was nothing
more than q midsummer incident Speculative
conditions were improved, moreover, by the de-
velopments Of the week, and the closing although
excessively dull, was fuu OF promise Whenever
activity takes the place of stagnatlon. Condi-
tons by which speculation ought to be governed
are everywhere favorable. The state OF general
trade is indicated sufficiently by Clearing House
Exchanges and still more clearly by the weekly
reports of railway earnings Labor troubles have
been quieted for time, at least and at the Gar
ncge mills an early resumption OF WORK seems to
he probable. In England the diversion caused ny
the Parliamentary elections has been ended, ana III
this country an adjournment of Congress is ex-
pected within two weeks. Beyond these influences
the continued ease Of money throughout the world
has not yet had its natural and inevitable elect
While the movement of prices IN the last week was
sluggish it almost universally toward higher
level The slight declines showed exceptionally
by Western railway stocks were due, In part, TO
the abrupt adjournment Of the quarterly meeting OF
the Western Traffic Association.
The action Of the Chicago, Burlington ana
Quincy Railroad at that meeting certainly indi-
Gated willingness to break the agreement unless
its own Interpretation Of it should be accepted
The absence of representatives of the Gould rail-
ways was significant of lack of interest in that
quarter There would seem to be GOOD GROUNDS
for the popular inference that the life OF tne as
will be settled formally at the October meeting. OF
course, but practically it may he already an
swered The strength Of the Western railway
stocks. in view of the virtual disruption of the
association. is acknowledgment that the rail-
road companies have MOI recently paid strict at
tenton to the agreement inc dissolution o, 1ne
therefore, although the result must always be laid
at the doors of the Chicago, Burlington and
Quincy Company
Surprising in importance all other influences
was the defeat Of the Silver bill in the lower house
of Congress An analysis Of the vote shows the
growth Of anti-silver opinion in the last wear IT
is to be regretted that the Sherman amendment
10 the Silver act of 1890 is not likely to come TO
vote at the present session. 1t is impossible to
estimate the influence which the proposed modii-
cation might exert the International Confer
ence to be held in the latter part OF next month
If the Treasury could be permitted to cease its
monthly purchases Of silver bullion there would he
every reason to expect from the conference some
thing more than a purely acadcmical discussion
An early adjournment of Congress is greatly de-
sired, however, and the opponents OF the present
law may rest content in the hope that the Sherman
amendment will he adopted before the end of the
year. ~
The defeat Of the Free Coinage bill has led TO
discussion Of the export movement Of gold which
has been interesting. If neither important nor m
structve. One Of the wonders Of modern cvlli-
zation is the production Of financial panaccas.
Recent theorists entirely disregard the simple rules
of trade which have prevailed from the creation:
artificial barriers 10 the natilrI movement or
money will always he swept aside. If gold Is
cheaper in this country than in Europe It's move
mcnt will be outward. There can be little de-
pcndcnce on the balance Of trade be
tween the two continents, because that
is only one Of the factors in the problem. WITH
| the recent merchandise balance in favor OF this
country there ought not TO have been n single
shipment Of gold this year. The return Of securi-
ties the withdrawal Of fixed capital and other con-
alterations which are equally involved In secrecy
| are the controlling elements of the present aucs-
| ton II is the season OF the year when mer-
chandisr exports usually begin 10 swell the ap-
parent balance In favor and there is no reason
10 doubt that the present wear will furnish
ceptiOn Bankers anticipate the customary move
mcnts for they are willing 70 take the ordinary
risks In drawing exchange in advance An end
81 the gold exports appears N be near at hand
for the present season II would he postponed by
artificial Instructions in the way Of shipments or
nv anv exhibition Of alarm at the low reserves In
The National Treasury.
| Followinp is our usual table giving the number
Of shares SOd Of all stocks the highest. lowest and
| final prices of the week together vita the innl
prices week ago, prefXed by the average prices
Of July 10. 1901
WEEKLY RANGE.