New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-11
Total. 81 co.'ss7 Sos 80 eS,34GsH Inc s0's2'o ga
Tile WEEK Al TIE STOCK EACHANGE.

TIE WEEK AT THE SIOCk EANhh->"i1'
There little more activity IN .he s,ovN
mIr.Cr and in the five business days the trabSao-
tions exceeded those of the previous week. me
market was only comparatively active, NUM- W. i
speculation being checked In great measure Dy lht
Unfortunate developments In the week IN al
odds the most important event was the pas''Sc
of free silver bill by the nitcd States :r.n ny
On account OF the long rercss over ,he n..,m
holiday the effect If This action was somewhat
mtieatcd Prices declined day or
two after The resumption Of pu pushes.
was for the short account, and contrary To thc
expectations Of the bear faction, Europe became
buyer at the low prices which were achieVeu
by the bear selling. There Is the utmost Go In,
iClence AT home and abroad that the senate Dill
will not become IL law, although the committee
of the lower house of Congress has agreed 70 re-
week hive been assigned for the discussion oil
the measure. 1t seems TO be generally alnnMgu
that the revival Of the silver asltatlon Is sihpH
for political effect In view of the approachlng
election Whether this superstition IL correct or
not, it is greatly TO he dcplorcd that members 81
Congress can, for any rcason trlne WIN tne mos
important financial question how before the couh-
trv ANY ADVANTAGE which might be gained by
one set Of mon might lie surpassed by the INJURY
inflicted on the Nation
Of This action by the Federal Senate was not
slight surprise. IL demonstrated very clearly that
Europe held sPecna,i'ey itw AM mean raliW WAY
securities Even if II should turn out that tins
recent buying simply speculative turn, II
is worthy OF notice merely u, an indication 90
EurODcnu confidence anout lnlS country. u nv
action of the senate. however, had the immediate
eject of stticnins the rates for money, ard TINS
advance In turn reacted upon the foreign cA,
changes. and checked the export movement OF
rold The stock of gold in the National Treasury
was Yesterday at the lowest point since the re-
sumption Of specie payments In the hTst week
nf the new fiscal ycar the Treasury holdings OF
. Id were reduced by over S3,75O,ooo, and they
are now 80 small that it Is a matter Tor con
graduation that the period is fast approaching
when the movements OF money usually Turn 'hc
81 ba
The market was not affected apprecaDiy 10y
the labor troubles at the tarneSic' NILS. ana the
r.otins at Hom;s;ead. Althoush the mportanc ne,
of The disturbance to TIE financial world was not
disregarded the course OF the stock market IN
dicatcd general Uelicf that Just settlement
would ultimately De reached
Among the incidents of The week the most
conspicuous was the reduction IN lis rate OF dlVi-
dcnd by the Louisville AND Nashville Railroad
Company. somewhat larger rcduclon hau pren
expected, and, consequently, on the announcement
of the dividend. the s,ocN rallied snartly. lie
publication Of the preliminary statement OF me
business Of the company in the last year eAerted
an opposite influence, for II was seen that the
amount required for the dividend exceeded the
net revenues of the company. 30 far as the
speculation in the stock Is concerned, " wonlu
distribution Of earnings should have been made.
At the same time it is greatly 10 the credit OF
the management that in year OF great deprrS
sion at the South the company should be abe 10
pay 4 . per cent TO the stockholders.
The depression in the stock market in the early
part Of the week gave place t" renewed confidence
ana the carly Loses were virtually recovered
he final changes, compared with tic closes Of
the previous week. were small and ms. niiicant
The short interest in the market was increased
ra ther than diminished. AMI the defeat Of the pro-
nosed silver legislation would be followed I'M
doubleday by an abrupt rally in all the leading
stocks.
Following is orr usual table giving the number
Of shares sold Of all stocks. the highest, lowest
and final prices Of the week, together with the
final prices a week ago. prelixei by the average
prices of July IL, 1891: