New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-19
TIE WEEK At TIE STOCK EXCHANGE.

Speculation was 1"N'IlShl} d'li'',
entirely ~ large exports of goa ana ulr Hl~.'
rates for money which they producd i'F o'.-
ward movement of gold j. unSa ,on4bl'' b'' ~ y
entirely legitimate ana natural me c"'.'i ~" '
Of our foreign commerce and the f~lng oil al ir'h
in regard to III" financial poilcN OF t"l- cpu"lIl
which prevails abroad, AZ" cauN . Whl,I may 10y
Nc ,.,',tCd Tho adOGTlmcnt 81 IN" inter-
national Conference at Brussels, without o'Iicr
result than the passage of compliment ny I",oI|-
tions, seems - haY" cAciicd 4 l'df III E"ol" ""'
the 'uitnd States either VIII Dc uhapI" !" man,
ram parity between gold and silver or mat IL vi"
be forced 10 issue Government loan with "hch
to rcpcnish lis gold reserve Inc naIIl o. 'n'
Conference what might reasonably nave p'h
expected. There never was any Icd9oIi - supp
that Great Britain would yield anything To- III
mctallsm. and the mea9i" reports pN 'apl' nav
not shown any chang" IN us hhdhCi"I po'I'i".'
since the Monetary Conference of 1851, Wllch
also adjourned to meet at iutur" time. y" i1f-
flor session Of the recent COnfcrcnc" should DE-
asked for or permitted Discussion with LiloP
IN REGARD to silver Is merely waste oil t.lh' Hf
duty OF this country II PLAIN ana sh'ui" u, cHI"'
out promptly and with Nsor II J., h'Iup hT"
sary to await the return OF III" Am'I ic'h 1'I'-
gates before repeating the sherman silver law
Europe refuses to assent 10 any plan FOR the laie
use Of silver in the currency Of the world, ana
thc nitrd States should c"a-r its efforts ~ sup
port of the poorer metal. The comm rclil bi-l-
ness of England might b. affected adversely, but
a disturbance in London = much more dc9!iaple
thon one i'm New York. The EurOTcar fear IA IT,
card 10 the commercial AID financial stability OF
This country is scns'lcss, but an effect Of II - -
withdraw iiXc1 capital from thi, country ana 20
discourage foreign buying Of even the lest CLASSES
Of American railway securities.
Conditions in the country, 50 far ~ railway
securities are concerned, remain exceedingly favor
/ abe There has been no wild IMITATION 81 prices,
nor in railway stocks rash spccnai ion. Tie Gle,
mcns OF financial panic, which tnropr IS pi"a-rl
70 predict, are entirely lacking. lhe business ol
/ the country is on sound iound1tion, amt its
volume * sufficiently indicated by the growing
| exchanges Railway earnings highly saiiS-
| factory when il is remembered that III" cOmplr-
ison is with a PEI iod of heavy traffic last year.
! The furry rates for money. which was the prom
| incnt feature Of the stock market last week,
PRODUCED Little excitement and practically no
| ii1nidation IN railroad stocks. The greatest
activity and the largest declines were suffered
| by the so-caled industrial stocks, which may
J have been carried t. too high points. The hgLcr
rates for morcy Is",l sharp discriminate IN
against these stocks, and there was no recourse
! for holders Of them outside the open market.
! The partial liquidation in them was distinct
| advantage TO railway securities. which have too
of interest was Distillers and Cattle Feeders.
which fell nearly per cent from it's highest point,
| hut its final loss was less than , per cent. Ma
| ional Lead was unusually active, and breaking
| : per cent, il closed with loss ~ less than , per
| cent, while SUGAR Refining, although at times
pressed for sale suffered II decline Of only per
cent.
In the industrial shares. which have been less
widely distributed, there final losses of from
2, to oyer per cent. The largest los, loss mad" in
| weakness was particularly due 10 the fact that
large part Of its share capital j. held in Europe.
Other Granger shares were relatively strong, al
|
| and Chicago, Burlington and Quincy lost about
. per cent, while Rock Island closed only "A small
fraction lower. The " shalcup' which the market
received LEFT it in better and and healthier con
| dition, with IA large short interest still out
standing. Estimates of gold shipments in the
coming week are being steadily reduced aud in
stead Of there being in cvccSs of $1,000 600 the
actual exports may not reach Onc-haf that amount.
Following is our usual table. giving the number
of shares sold Of all stocks. the highest. lowest
and the final prices Of the week, together with the
final prices Of week ago. prriiXcd by the average
prices of December TO- 1891
WEEKLY RANGE.
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