New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-01
Total, co CO.'S 29s 1874 sGO2o,72 Inc. 1922 331 81
TIE WEEK AT THE STOCK EXCHANGE.

The Stock Exchange markets .ASt VI K displayed
great strength. Even the sharp declines Which
were occasionally suffered were not an indication
Of weakness. Inc first part OF the week was dis-
tingushed by violent variations IN consequence
of the CHILEAN disturbance, but when ii was ascer-
tanned that peace was not likely 10 ne disturbed
fine recovery was even more rapid than the de-
cline Since Tuesday, the movements oi prices
were rn guar and, as rule, inactive ana, III
the latter part OF the week there were appearances
of hesitation. The results Of the week operations
were generally small advances, although there
were exceptional declines IN few stocks Whlch are
supposed TO be largely held abroad ana III le"
specialties. ..
Two features of the market are worthy of more
than passing mention. The strongest stocks
throughout the dealings those which have
long been established as dlvidcnd-paJlng stocks
The rise in Lac<awanna, for instance, was III
doubtedly based on investment buying. winch was
stimulated by the favorable condition OF Tie
country. The advances in the principe! OTahgI,T
shares and III iddcjlC&iiy all thc Nanoei ,r riio
stocks were influenced by the same reasons i no
weakest stocks were those which are eLthcf llapIc
10 speculative manipulation or whose ldtufe dlNl-
dend prospects are at least uncertain IN connou
ton with this feature was the continued dcmaiil
for sound railroad bonds. Although tnefc IL, IN
. sense. public buying, the discrlnlnatIon IN IN
regard to securities proved the natural anu liz
cyitable result Of the excessive ease OF money.
Further buying of bonds and dlvldche-pSihs
stocks will reduce the Heating supply TO sqch an
extent that securities OF lower class Will nave
to be AIKEN up.
Another feature which is equally full Of promise
il the steadincss with which the market endured
fresh sales for European account. The heaVlneSs
of Louisville and Nashville and less prominent
stocks which are largely owned in Europe was
distinctly due TO selling for the long account
IL had been expected that the fOrtnIghty scttc-
ncnt at the London Stock Exchange would de-
velOp large short interest, and, Indeed, on me
last DAY of the settlement there was a itue
spasraodic buying in this market. IL IS evident,
however that in London and on the Continent
holdings of American railway securities have been
LARGELY and continuously reduced a lack OF con
fdcncc prevails in both London ana Paris, ana IL
is satisfactory 10 know that II Is not OWN IA
any degree TO the condition OF cOmmercla! ihHi-
csl or railway affairs Oh this side OF the Atlantic.
Europe il selling our stocks 1Or the sllhpc
reason that il needs food and money, ana because
il prefers gold even to the bcst securities. heIy
The most Interesting incident OF the week was
tbc cOrtinucd manipulation of DlstiliLng ana
Cattle Feeding stock. IL further declined over
:, pcr cent and Yesterday sold at %, u" lowest
point il has touched for a long time mere were
no DEVELOPMENTS in regard to the anaHS OF 'hc
comnanv although Western rumOrs were almost
lorhrymUso Prominent trustees of the company
who live II the West publicly confess mat thcy
sold the stock around GJaG7, ana the inference
j. natural that their gloomy views ABOUT tHc
future OF the company are colOIcd py uesi'c
u recover their holdings.
While the market irregular, the supply 81
floating stock was undoubtedly redu"cd anu a.
though the closing yesterday was apparently "e"",
tie general tone Of the market was cohldeht oH"
full Of encouragement.
Following is usual table, giving the nnH"r
Of shares sod Of all stocks. the highest, lowest
md final prices OF the week. together Win uc
inal prices Of week ago. preliXed by the average
prices Of January 81. 1891:
WEEKLY RANGE.