New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-03
Total 81 co.'s IS 3G3. loG SIS 4G3,4o Inc slco,2' L.
THE WEEK At TIE STOCK EXCHANGE.


There was further shrinkagc in business at
the Stock Exchange Transactions in stocks
amounted only to ,2939 2l shares against l,7O3,-
2G5 in the preceding week, and 2.59l,465 shares
in tie corresponding week year ago Apart
from few specalteS speculation was listless
and apathctic and the trading was strictly pro-
fcssonal, even if not entirely local Occasionally
there brisk buying, apparently for the short
account, but when this demand was satisfied the
market at once became stringent 1t evident
that for some reason there complete alb
sence of public support. but the other hand
there no pressure TO sell stocks If invest
ors were reluctant increase their holdings others
were satisfied to retain them The arbitrase bust
ncSs between this market and London was hardly
factor in the movement OF prices. There was
little European buying OF 81 Paul, but the
other shares which enjoy an international market
were sold for European account IN a deSultory
way. 4 re3Wakcnln. Of speculation might Oc-
cur al any moment if the next few weeks were
not 10 be disturbed by the Columbian holidays
and the NatiOna! election. 1t is hardly probable
that Al. active movement in the market viii be
witnessed until business resumes its natural
course.
If the od-timc favoritcs were neglected, the
transactions in New England. Chicago, Gas and
Dstilling. and Cattle-fccding stock We're suf,
fccntly lively. Ncw-Eneland steadily advanced
fraction eONy its highest point, it's final gain was
over ! per cent. CHICAGO Gas was depressed by
methods in which Chicago spccuators are
particularly adept, but ii rallied easily and closed
with loss OF less than | per cent; Disiiling ana
tattlc-f ecdlng ended az It's highest price with
gain Of 10 per cent.
In the rest Of the list the fluctuations wero
narrow and the final variations irregular and in
significant Reading remained fairly active,
waverng within range Of less than per cent
hut its final change was very slight Even
Northern Pacific Preferred was not dealt in
largely, and its gain OF nearly per cent may
have been due to buying for the long account.
The movements in the specialtics which have
been named We're clOuded with good deal Of
uncertainty. The rength OF NewEngland repre-
sented in part growing confidence in the present
management Of the company Ii is not impos-
sihle moreover, that the buying may have been
with q purpose OF securing the success Of the
voting trust which was proposed last summer.
AS for the negotiations which are going on with
efdered wellnigh chimcrical The rise in Dis
tilling and Catte-Feeding was still more mysteri-
ous, especially in view Of the circulation of
rumors Of energetic opposition at several points
in the West II may be inferred that the quar-
rels among the inside interests have been healed,
and that these interests were the principal pur-
chasers OF the stock.
The only interesting incident OF the week was
the withdrawal Of the Missouri Pacific KhIWay
from the Western Traffic Association. This had
little effect on the market. and even Missouri
Pacific stock was not affected beyond per
cent or so II was generally understood that
hone OF preserving the association was abandonei
after the last meeting Of the Advisory Board
The dissolution Of the association cannot ~ IL
norcd entirely and the suggestions OF money
mol must be considered at least premature. n
modification of the Interstate Commerce law VIII
have 10 lie procured from Congress before tlie
railroads can adopt that plan OF maintaining
rates .,,- .,.,. 49, r,mher
If shares sold of all stocks. the highest, lnWthu
and final prices OF the week. together Win thc
final pricos OF week ago. prciiXcd by the average
priccs OF October 3. 1891: