The sun., 1892-02-21
fears which annually accompany the nrss
ynant az ay,ANfa

/
shipment Of specie.
Another influence operating against an Ad'
vance In prices has been the persistency with
| which London has sold our stocks. This sell
ing has. to large extent. tempered the en-
thusiasm born Of the coal deal. but II has not
to any appreciable degree dsmpened the ar
| der OF the bulls. That suoh sales are made 10
| significant OF the fact that American securities
are the only marketable holdings Of the for
eigners. and their offerings are greedily ABB
sorbed by those who are in a position to APP
preciate the actual condition Of affairs on this
side OF the Atlantic.
In the present condition Of the money mar.
ket It seems absurd that the prospective loss
OF few millions Of gold should influence the
movements Of our securities. vet the market
is sensitive to slight influences at this time. as
1t merely reflects the hopes and fears Of
the room traders. But behind this Is the abid-
Ing confidence OF the holders Of stocks. which
is being strengthened daily by the accumula-
tion OF railway earnings The most important
addition to this list were those Of the Union
Pacific. recently published. which show an In
crease in net OF over 5000. 900 for the month OF
December.
For the two hours Of business to-day there
were no developments Of importance the rail-
way share list being comparatively neglected
day. but renewal OF hostilities broke the
price later. and the publication Of the bank
statement was the signal for fresh attack. un-
der which the general market yielded. The
knowledge that the Economic Company had
been acquired by the larger concern appar-
emily exerted no influence upon the stock. and
the confirmation Of the report was made the
basis for realizing sales. c.. B. and Quincy
was another weak spot, having declined over
l cent. and Union Pacific. in spite Of its
favorable showing in the matter Of earnings.
also lost like amount Notable exceptions,
however. were ths coal stocks and Lake Erie
and Western. which maintained a fair degree
OF strength. as did the whole list. considering
the holiday character OF the market
As compared with last Saturday the changes
In the market. with one or two exceptions. are
unimportant Western Union has developed
an unusual degree Of activity in consequence
OF the prospective increase in the rate OF divi-
dend. as well as the assurances that nothing
Will DO done in the matter Of Governmental
telegraphs. There was also revival Of activ-
ity In Reading. which was ccompanied by tho
report that that company had acquired the
mines OF Coke Bros. & Co.. which report was
afterward denied. The heaviest losses were
made in the Grangers and In North
ern Pacific securities. There was a dis
appointment when the February earnings
of this last named company were published. |
md the aggressive movements on the part Of |
he Great Northern in the completion Of its !
Inc across the continent is made the subject |
If unfavorable comment in connection with |
he business prospects Of the Northern Pacific |
Road The final prices were heavy. and the |
market reflects the possibilities Of further ex-
,orts Of gold. One million dollars has been |
Engaged for TUESDAYS steamers
As compared with the final prices Of last
saturday. the majority Of stocks are lower.
The more important net declines were in
3 y cent. Northern Pacific pro-
Rock Island. X: Distilling and Cat
10 Feeding Company. 1h: Erie and Richmond |
nd Terminal. each: Louisville and Nash
lille and Union Pacific. ;. each: North America
nd Ontario and Western. x each: Chicago.
burlington and Quincy and Northern Pacific.
y cent each. The noteworthy advances
Tere in Lake Erie and Western. AZ q cent;
'ational Cordage. 2ls: Western Union. Is:
leading. =. and New Jersey Central. y y cent.
Final salos compare with those Of yesterday
q follows: