New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-06
Total. CT co.'s o.io,e's 55s;oi7c Inc si5lo2, =

"
Some progress towards lower prices for stocks
was made las, week The bear faction was not
only alert in taking advantae" Of every unhappy
development hut II did not hesitate 10 throw
dscfedit upon tie National Treasury. The pre-.
text was III, engagement on Thursday 0f small
lot Of cold for shipment e., Europe. Earlier IN
the week members OF the brnr faction threw away
/, litflr money in buying calls on gold and orc
large opcrat r even went far "a TO denHn'l
gold from tic Chicago aud N,rhw"s'crn Railway
in payment If june coupons which lie presented
Such attempts 20 excite alarm deserve TIE ;cvc'eSt
censurc. They exert lii @ influence IN thl' coun-
try where no one expect IN 500 in a long tlm'
"a premium on gold Tho effect on investors in
Europe. where the condition OF the country i not
fhGrop.hlv understood. may not be easily estl-
mattel In the past wcc! Europe has sold a few
stocks in this market. ard Il Is not AZ all I'M
possible ,nat its growing confidence hns been
checked ly Just such alnrmiS; stories. However
much The bear faction may desire lower l'vcl
of price, il ought at least 10 bc patriotic enough
not 10 attempt 10 accomplish its purpose by arons-
ing questions about the Solyencv Of the Govern
mcnt, National credit is TOO delicate thing TO
le as.ailcd for a purely speculative P'irp."e. II
i. true that the stock Of FREE gold in the treasury
is al about the lowest point since the rcsnmptl III
Of specie payments on January /. $50. The
NV in regard TO the 81 90 oO0, 900 reserve - pro
,cct tie old legal-tender notes is somewhat un-
certain. bur ;hcrc is little doubt that the lrea9-
my Department would use portion Of 1t II II
should lie necessary 10 do 80 in order TO inall-
tain the National credit
Talk about premium on gold is likely 10 Pe
misunderstood in Europe, and II may aHect III
some slight degree III" position Of this country IN
the international monetary conference Whicn Is
soon to be held The exact language OF me IN
vitation sent out by the United states Govern
mcnt has recently been printed. While the IN,
yitaticn suggests that fixed ratio between gold
and silver would be desirable, il mere propo'cS
convention " fer the purpose OF conIefrnR AZ
10 what measures, II any can ne 1akeh 10 III.
crease the Of silver in the currency sySt"ms
Of ds not rc yft I hsTe Sccn
by the English Government, without winch In'
conference could not reach an effective conc 500,
II is known, however. that the EDgish uovern,
mcnt has acccrtcd the invitation with promises Oh
Hearty cooperation toward the prop re-! cnd. II
the idle rumors started by the pear iaruon III
,tccks should in any way interfere WIN t'c o''"
and dispasSiorate discussion by thc hatiohs ~
one of the most important financial SUBJECTS OF
the age the effect might he less favorable 10 Tue
short interest than it evidently anticipa'rs
In addition to the agitation Of the silver question
the decline in stocks was helped by natural uhc'r-
tainty about the growinO crops ms was eAlp-
ccrutcd. of course, in the interest OF lower pit
and predictions OF short crops Of I'm ana WIN az
were freely vcuturcd In accordance with TINS INC
orv the Granger shares were attacked persist
emily while strong efforts to advance the prlcc
~ corn and wheat at the Produce Exchange we've
no. omitted In view of these circumstances, the
lock market offered admirable resistance. VA,
caso, darlington and Quincy, as Inc prnc'fmi
thc West and Rock Island, which also was a
lnvcritc point Of attack. suffered loss OF only
! IS per cent. The Western Nandernit hnrS
Xo-thwps, closed absolutely unchaHGnd, while
Omaha. rrcferrei. gained PR cent. ASIDE l: ;c
the Gr,nger stocks, the weakest were tno'c "nlrn
have an international market. ON rumor' ih1t
the next dividend would I've reduced or raid partly
in scrip. Louisville and Nashville was drprc.>Gu
> 3. per cent. RcrdinG Yielded IA per cent N
consequence Of fresh litigation over the great coal
deal aud Erie ard Union Pacific los' litfc over
| pei cont. principally through selling which ap
prarcd to he for tho short account. Dcchnr; !
other leading stocks were insiGnif:nn'' wnllf
81. fro
movement II wns cvi'cnt from tlo comr~' ot
prices that while the operators for decline were
depressing certain active stocks. they Ncrr pro-
,ccting outstanding contracts in o'hrrs. IL may
10 doubted. inG"cl il the net result of the week
operations was not incIcos" rather than re-
drntion of tNr short interest in the market. The
ht,ercs: attacks fail'd TO disodgc long stock aud
the trading in many Instances was nearly con-
iinpl - contracts.
Following is cur usual tah'c. qivinG the numi"r
of shares ,oll of FL stocks, the highest, lowest
AVID fnnl prices Of tho week. together with II"
final Price Of n week ago, prcfiNcd by tho average
prices Of June G, SOL