New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-31

Measured by the volume OF transa ctions, sus..
latio- In stocks was extremely active. The II
against ,246,l76 in the preceding week in VIM
there were, however, only four business days c.
pared with the corresponding week wear ago h.,
were nearly double. The business was not ~
distributed. for special stocks monopolized alta
ton. The transactions in New-England, Pm
delphis and Reading, and Distilling and CatG
Feeding were nearly one-half Of the total b.
ness. The most interesting event In the week
the announcement Of the alliance between ~
Reading and Boston and Maine railroads. WIN
are to be connected by the New-York and NeS
England. It was stated officially that control =
the New-England had been secured absolutely :
the interests of this combination. The prsid,ss
Of the Ncw-England railroad processes to b. Il
norant Of any change in the ownership Of the stocE
and he has declared emphatically that he had =
present intention Of resigning his Office. As Il
said in behalf OF the Reading Company that :
fresh obligations have been assumed either BY n
or the Boston and Maine Railroad: control Of -
New-England must be maintained by the constas
ownership of one-half its capital stock. As ~
railroad is not earning dividends on its comm
shares, the possession Of about 81 00O, 900, eva
at the present market figures, may be ecnsidersi
ership Of the property are of less consequence thu,
the advantages which may accrue TO the differed
members Of the alliance. 1t must he the intentis
change Of traffic and to secure for its own al
company the business Of the East. How mud
that can be improved remains TO be seen, for h.
Reading Company has practically controlled In
New-England coal markets for good many yean
1t is hardly probable that the consumption Of cal
in the New.Eng land States will he increased 3
consequence of the combination. while the nt1
for transportation cannot Ike reduced without dsn.
age to the other members Of the alliance. n
Boston and Maine Railroad is one OF the uud
important and extensive systems In New England
1t has been extended gradually in the last r.
years, and its business has been managed wiz
ambition to become u trunk line to New.York, al
desire cannot he said to have been vet attainl
On the announcement. the price OF New.EH
land stock declined sn;artly, but slow and pa.
than it was week ago. Reading wavered With
range OF less than per cent, and its final gsil
was only half pcr cent. Outside these stoch
the principal chsnsss were In the industrial share
Tn, fluctuations in Dstlling and Cattle Feeding
were numerous and wide. Apparently conG&
cradle amount OF long stock was thrown on III
market, and wleh the selling was detected, insld
support was withdrawn. As soon as the pressure
was relieved the stock rallied promptly and h
final lOss in the week was only j.? per cent
The reaction was reasonable and natural after IN
advance Of nearly 90 per cent within two months
The rise WAS not explained except by rumon tha,
the dividend rate WIS to be advadccd at the n9h
quarterly meeting Of the directors 70 6 per cent
The earnings OF the company are said TO he VA
heavy and to justify the payment of larger div
dend. he inside interests have frequently taxa
an active part in the manipulation Of the stock
and the fall this week may have been intsnda
to reduce the speculative following.
The trading in stoc ks throughout the wed
was largely professional. There was little or u
buying for European account and in the genera
market there WAS All entire lack of public NJ
terest. At the ssmc time the floating supply &
stock was not. enlarged, and holders preserves
their faith in the prosperity OF the country.
Following Is our usual table. giving the numbs
Of shares sold Of all stocks, tho highest, lowed
and fnal prices Of the week, together with TIL
final prices Of week ago. preilXcd bv the avcrao|
prices Of October 81, 1901
WEEKLY RANGE