New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-11
Total. 20 CO.'S IS $50 z5l so9as.ass Inc: sll4.es7
THE WEEK At THE STOCK EXCHANGE.

Total 20 CO.'S as $50 751 So 9sssss Inc. s1l4637 1e
THE WEEK At THE STOCK EXCHANGE.
At the Stock Exchange last week the markets
were favorably affected by a change in sentiment
growing partly out of local causes, but prnci-
pally because of an apparent Improvement in the
speculative temper in London. The short interest
furnished the basis for the rally, which was
stimulated by the more encouraging advice OF
commission houses 10 their customers. An I'M
pCTtant local influence the cessation OF llqnda-
ton in Ncw-York and New England, which seemed
TO be completed the break from AZ IA 10
81 81. although the subsequent rally LETT thc
last price only 3-s per cent above the Close Oh
the prey ions week Around these figures TINS
stock is less Likely to afford sensational develop
ments OF an uufavorabe character than when IL
ID points higher. Some rellei was eAPfi,
enced by the formal announcement of the veto OF
'hc Ncw.JeFsey pill TO lcgailze the Reading Rail
road leases. and Reading stock lost some OF lis
abnormal prominence TO the distinct advantage
of the general list. ii is doubtful ii manipulation
III the coalers" is at an end and the prospective
defensive alliance between the Delaware ana
HUDSON. the NcW-Nork Central and the Eric may
afford opportunities for speculation. The position
IN the coal trade suggests European conPari-
sons the Reading DTelDund may create New
Aork alliance, and the equal matching oil power
may insure peace by intcnsifying the dangers Of
hostilitce. Another special influence that bene-
iitcd speculation was the late increase OF con
fdencc that the Richmond Terminal rcOrg3nl2a
ton plan NAV he successful. The coming week
will determine the question whether TINS COM
panys affairs shall operate as a favorable or uli,
favorable element in speculation. collapse OIL
lliis great system would be injury 10 general
Street interests. and this consideration may
finally influence the attitude OF some OF the bank
ers who have been credited with secretly work
lng against the plan. Ii seems incredible mat
the success of the plan should be imperllled by
the failure of the Richmond Terminal security
holders themselves to accept the llieral Nfme
offered 10 them.
For the greater part of the week London buy
ing orders were conspicuous. Inc SITUATION at
ofnI IN Dp
the reduction in the Bank Of England discount
rate end the liquidation determined upon III inc
affairs Of house prominent IN south Aiherlca1h
speculations. whose critical CONDITION mas ac"u
as an lnsettling factor and has furnished frequent
occasion for the circulation OF DISTURBING oraI
ruInols The late operations OF LONDON "crt ~
tho direction of reallzatons, and the Easter non,
day season l. not conducive to continuance Oh
active support from London. In consequence OF
this local speculation may for the tlincI"
suier from the continuance OF professional con-
troll Advlces from the West indicate increasing
irregularities in railroad rates and the opening
of navigation Will increase the STRAIN upon Ial-
road harmony. Uncertainty as 10 American crops
will also tend 10 check ventures hence AZ thls
inncture TIE attitude of European investors he
comes peculiarly important. While me p9SiNoh
Of Europc ~ regards south American Ilqulaa'lohs
ha. d.uotle@s decidedly improved, thedcmorsIZa
ton in the Indian trade caused by the pracucaN
unprecedented depression IN the price OF sntrr
may have serious consequences 10 treat brllsih |
The lamcntable material and financial conditions
- Russia arc certain 10 be az unfavorabf factor
for a long time. but should western Enrope ENJOY
rcasona Div good cr0Ix the general position OF
American securities would probably he improved
even il our now prosperous Western farmers
should not be able 10 secure famine prices Tor |
tbcr Grain and products. An influence that also |
nav prove to be important in lis effects one
way or the other il the question whether IN
tcrnational action can he secured TO increase |
che International nse Of silver. Now that Ameri- |
can free coinare Of silver has been doomed at
this eesson OF Congress tie steps already taken |
wand esnccal attention in Wall Street.
Following is our usual table. giving the number |
of share, sold Of all stocks. the highest. lowest
and final prices Of the week. together with TIE !
final prices Of a week ago, prc;xed 10y the average
prices Of April II, 1891