New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-17
Total 80 cossloG4i 1c3 1905 Cos Inc. 1891 439 8
THE WEEK AT HE STOCK EXCHANGE.

The stock market was less active: Even il the
trading wac chiefly professional, it's movements
were more interesting. The traiIoac'lohS III
$ ock were only l,lo4,5J4 shares, against
l,907,2o4 shares il the preceding week. Oh tnis
amount nearly one-half was contributed By four
SOCKS As"-hn4land was orrncs5,I am in in
Philadelphia and Reading. The TWO other
leading stocks were Chicago Gas and Dls'llllng
and Cattle Feeding: The Chca=o company re-
corded the largest final gain, which WAS ilttlc
over > per cent; but Dstiiling gained Il per
cent, New England Ia, and Reading nearly
l per cent. The alVance was general, how
ever, and all classes of stock improved ma,
ter.ally, although the last prices showed small
concessions from the highest figures. \ sig
nifcant feature of the trading was the demand
for the leading railway shares, which have re-
Gently Been somewhat neglected In the ca cas-,
of Chicago, Burlington arc Quincy and. sui
less, in Rock Island, the buying at times seemed
market, the short interest apparently has been
greatly reduced but in one or two OF me
granger shares, in Louisville and Nashville and
IN New England the borrowing demand for GER
tificatcs at the en- If q week was still very
considerable.
The buying of railway stocks, was tho more
Affected by the formal dissolution Of the Western
Traffic Association. 1hls event has been looked
forward 10 for so many weeks that its influence
on speculation had been entirely discounted
The hone l. row aroused Il hi more effective
and permanent agreement may be made by The
railroad companies
Inc dulnsSs OF the market was que. primarily W
the holiday, hut il was affected somewhat by
the higher rates for money. The depletion Of TN
bank reserves is proof, perhaps OF the ACTIVITY
in general trade In this respect 6 per cent
money rate is entirely satisfactory Ar the same
time the expense Of carrying stocks Is increased
and. as brokers are rot large borrowers OF time
money, the higher prices will not tend 10 cncJur-
age them 10 enter upon heavy purchases No
sringency is anticipated by any one. unless spccu-
latiO1 should become much more active IL
should not Ee forgotten in considering the future
If 11r
other products being carried in this city.
On Monday there was in store in Newly ork OYER
IL 800, 900 bushels Of wheat AMI il is estimated
tha, this amount has been increased since by
nearly 100000 bushels more. This l. far IN
excess of tho usual amount hell here. and. OF
course, further arrivals will simply require more
money from the city banks The reason of the
accumulation is the interruption of foreieN com
merce, which started by the cholera scare
ard has been helped since by the low prices
which have prevailed $50
II is 70 be hoped that the better feeling which
has been aroused in London by n substantial a.
vance in Argentine and South American securities
will stimulate buying. not only of American rail-
way securities but also of our agricultural prod-
ucts There is no doubt that England Will re-
nav for il in securities. Not the least important
event OF the week was an advance in the price OF
silver. In London silver closed yesterday l-sd'
an ounce higher than il was a week ago: this rise
was followed promptly by an advance in the New
York market. There has been for a week or two
better demand from India. but the recent fail IN
the price Of the metal has undoubtedly had rs
natural effect on production There Is no reason
to suppose that the London market has been ma
nipulated but. on the contrary the advance must
be considered natural and reasonable ore A t'e
decline in silver seriously affected many branches
of British trade il is 10 be inferred that the re-
covcry will give the English investor frcsl cour-
age Signs OF growing confidence in. American Sc
curities have not been wanting in the last week.
and as Europe is spcculatiyely bare OF American
securities its demand for them may become LARGE
and urgent.
NJ shares sold of all stocks the highest. lowest
and final prices Of the week. together with IA"
final prices OF n week ago. pre!Xcd by the average
prices Of October II, 1901