New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-13
Total CO CO.'S g. $50 go s7,7sl 36l Inc tzi'''o d
THE WEEK AT TIE STOCK EXCHANGE.

SPECULATION in stocks was duh and Irregular
last week The only orgapzcd faction III '"c
market made energetic efforts IN behalf OF Io"e'
prices hut it met with Indifferent sncccss' ~'i
in the week an advance in foreign eXchahee 'su
to predictions Of heavy exports Of goa, anu W.
Wednesday large blnk failure III LONDON eN-
cited fears Of extensive selling for European az,
count In point Of fact the selling was ngh', h',
probably was chiefly on or1ers from Ncw-iorik.
The bear fac'ion pcrslst"n'ly ana vlaoroh ,;n,,
attacked she Graz, ger shares, and in those whlcn
do not have an international market they acnl''en
a certain de- Ct success The short intcres, We
30 large and unwielly that ling Of rev stocN'
was accompanied invariably by buying OF oIlicIS
Tie vilfnl Recommendations about the crops whlch
encouraged the selling Of the Granger shaics
were set at rest by the Government crop repu nd
which was published late on Friday. II showed
that the condition OF the crops WIS iar oet,cr
than bearish predictions had indicated. and q crop
of winter wheat not much below the extraordlnaIy
Weld last year would seem TO be highly propaoir'
OF course the Government made no report on corn.
and for the next month gloomy projections III
regard to that crop may be expected "Dem sn,
attacks on the cOrn-carrying ROADS are cou'ehi-
plated. It,, .,.,,ouo,
they show no important increases. must DE- con,
sidered highly satisfactory when II is rememferc'
that according to stories circulated by the ahvo-
Gates of lower prices, many OF the railways
were under water good part Of the month. Inc
crop report are more 70 he relied upon than the
statements of professional SPECTATORS.
An influence which helped the pear Iacuon WIS
the uncertainty about the action OF the Senate
in respect to the Hatch Anti-Option bill ~
rectly the bill does not affect speculation In roll
way securities but the disturbance which II weuu
cause in the produce markets undoubtedly womi1
react on the valnc of railway fcurities. The
proposed legislation is 50 unrcasopable and It's
consequences would be 50 mischievons thar II may
be suspected that il il designed only for politi-
cal effect If by any chance, the bill should
succeed in passing the Senate, II is entirely with
in the range Of probability that il would not then
become law.
In spite of the bank failures In London, moderate
exports Of gold to Europe legislation Propose4
or threatened in several directions which wond
affect railway securities and in spite also OF
strenuous efforts on the part Of the bear fa"tion
the stock market displayed wonderful
strength and confidence. The recent al
vance in ST. Paul, which gained about
l-9 per cent in the week. suggests What
might be accomplished in all the leading stocks
if their friends should take similar action. The
buying of St Paul was partly by the interests
identified with the property and their purchases
reduced by Just 50 much the floating stock In
the market. The closing yesterday was strong
and confident, and evidences were not lacking u
an abrupt change in the speculative temper. II
is nearly apparent that the financial policy OF
the Government will not be seriously disturbed
and in consequence confidence in railway and
corporate securities will be strengthened in Europe
rs we'll as in fhis country.
Following is our usual table. giving the number
of sharrs sold of all stocks the highest. lowest
and final prices of the week. together with IN,
final prices # a week age. preiXed by the average
prices of June g, 1891