New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-08

losses
$ss si5S4s 5 5as 81 8
Total Al eo;'s...s7l4Oo7s s7.l7S0a7 Inc ssO45s 81
~ s9 s b Iae. s. e: So
Total 81 coss7 S3s G35 s7,75s5 3l Inc s'ls SOC 55
THE WEEK AT THE STOCK EXCHANGE.
The most prominent feature in the speculative
situation last week was the small, puv con,inuous
sc ling for European account. MONDAY was bank
holiday in London and the New-iork market
had endured complacently the heavy exports oil
specie on the previous saturday IL was hoped that
the resumptiOn Of business at the London stock
Exchange would I've sgnailzed Dy revival OF IN
terest in American securities These expectations
were disappointed sadly because, on tie contrary,
the selling which has been pfotractcd through
nearly Two years was continued. Zap
PLY, it was not on an eAtehsiVe scaie
but IT, was sufficient to compel small shipment
| of cold at the end ef the week. The securities
that are now being returned must come IRON The
strong boxes of investors because speculative hold
mos nave been reported TO he exhausted long ago
| I'm fact il is not improbable that III the London
| market a very considerable short interest in Amer
lean stocks may exist The receipts OF securities
| from Europe are presumably, therefore, from us
investment holdings
| The alarm which seems ~ pcrNade especially
| the London market, may be false and unreasoIi,
able. but it certainly cannot be ignored. Al
| Europe apparently anticipates hnanciul disturb
ancs TINS country III consequence Vi It's success
| full attempt 10 mantaIn gold anu silver on equdi
terms lime does not modify this OPINION ana
the adjournment of Congress without mi,cllevouS
legislation on financial or economic suoJeG's isI
| particularly has excellent reasons 10 dread me
cDnse queuces Of an abrupt cessation Of silver puf,
thasers By the Federal Treasury. bar silver solu
| in London yesterday at SO Sad: an ounce, Eng
| lish standard, and in Ncw-lork, SILVER ouiiion
| certificates at the Stock Exchange declined 10 "a
cents An ounce. 1hesc are the lowest pres
ever touched in either market. II the Sherman
amendment to the present law had been pasf9
by Congress land Of course, all friends OF so"nu
l 81. IN.
| The December session. and the compulsory
| purchase each month OF 4,3OO,OOO ounces "I Sill
! yer bullion had been brought 10 an END me
effect on the market price of silver might De
| serious The production Of the metal WAS eli,
| couraged by the passage of the law OF leoo, anu
| the withdrawal OF the Treasury from the MARKET
would leave largo supply OF silver 10 face Il
diminished demand. The first effect would IN
evitaby be decline IN the ptlce OIL s INT oui,o"
until the production WAS checked lie cohSc-
| uuences in England might he disastrous, lor 'he
recent decline has borne heavily OH Eastern pahI>s
and its Indian trade -, ,
| continued the shipments were smaller tuan hau
been expected by leading bankers The supply
| OF exchange has not been increased by the post
! ponement Of the Anti Option bill or The adjourn
| ment of Congress IL must be remembered, now
ever that on account OF the unfavoraOle weather
| In spring the crops are late, ana wheat mas
| hardly begun 10 move The necessity OF send
| ing gold NAV be relieved within a week ENen
if they should be m,usHagy sA sfor marker
| will pay any more attention Ia them than TO
| previous exports.
There was "a slight increase III activity last
w.ek. hut tine market showed few signs of ~
| broadening interest The industrial stocks, On
cept on occasions were less conspicuous tlah
| they were in the preceding week. Among rall,
way shares those which have an International
market decliped steadily but slowly but Others
| and especially those elected by special causes
dspayHd rem@THase bv an se advance Of nearly
| ner cent while stocks which have been equal
tavorites in the London market suffered declines
| DEARLY as large Louisville and Nashville, Tor
instance, lost per cent, although the tran sac,
| lions in it were very light. Atchison was hrst
in point Of activity but us fluctuations were
was Affected, especially toward the end OF the
| week, by speculative rumors Of serious damage
| by hot weather to the corn crop of Kansas
more or hss by conflicting reports about the
growing crops striking feature OF the market
was active and vigorous advances in the special
ties Manhattan Railway gained IA per cent
| in the week, although il did not close az its
| highest point. This is the highest point ms
stock has reached since the famous break y hye
81. that the recent advance has resulted rom
purchases in the interests Of the Metropolitan
stock is being acquired with n view or securing
represe NATION in the Board Of Directors An
other stock which Od OMAHA Which G
rose nearly per cent, and Of this retained , 3-s
per cent RumoIs Of closer alliance with the
| Northwestern Railroad which already has In ITS
| treasury majority Of the stock were revived, and
while this consolidation will be accomplished in
SINE, the rumorS were not confirmed.
Mexican Central put on squirt OF acuVhv III
sympathy with advance in London, where
| pooling arrangement between the Mexican railway
| lines r. being discussed Several previous attempts
! in the same direction have been made; but IL is
reported from London that the present negotiations
are likely TO be more successful. Another note
worthy instance was the further advance in the
| Minneapolis and ST Louis stocks. They occupy
at present peculiar position The company Is
| in the hands Of a receiver. ana hearing VIII r
he'd on August ~ in the suit 70 foreclose the
equipment bonds The issue is 81 100000, and
Of this sum the Rock Island Railroad owns
c54OO 900. The total back interest on gil the
mortgages ia S2,50o0oo. Aga INST this II has III
it's treasury ST 900, 900 in cash. The statement
| of net earnings for the fiscal year which
is printed in another place, shows that the com,
| pany earns from traffic enough TO pay itS nAeI
| charges, and over per cent on the preferred
| stock There is suspicion entertained by rail-
| road men that At the legal hearing some one
| will offer the $780, 900 necessary to pay the
bacl, interest and insist on the discharge OF tle
| receivership. The movement OF the STOCK mas
| given no indication 70 which one Of the larger
| companies is looking toward the control OF the
property but in case this course should be pur-
sued, the ownership OF the stock might become
| an interesting question
| Although the largest advances were made by
stocks affected by special causes, the general mar
ket main tanned more than fair amount Of strength
| A discontnuance Of selling for European account
| and Of the outward movement Of gold would
| do much towards stimulating much more active
| and general public interest
| Following is our 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 week ago, prefxed by the average prices
| Of August S, 1901:
| THE WEEKLY RANGE
Actual Sales.
Hq sS, T. ilgh' Low 4 H t,n,, o'My s sS@
| A. : Il