New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-01


THE WEEK AT TIE STOCK EXCHANGE.
Tie change in speculative sentiment which was
noticcd a week ago became more pronounced l1st
csk There was decided increase IN business
=, ali the Stock Exchange markets IT must be
admitted that the actlvly was ga" "rgeS ,' 10
-rromi6encc of tho industrial and special stocks
was not altogether favorebie feature Inc
transactions in the UNLISTED uepai,nVnr ""l ,',
more than onefourth Of the total business anu
~ American Sugar Refining alone they were more
thon one-ifth of the business IN TINS instance
and in the case OF other industrial STOCKS wan
S,rcct was filled with rumors OF enormous earn
;nrs and probably increased dividends without
rshecting on any one stock in this group, II must
ha remcynbered that the manipulation, ever since
dealings in these stocks began, has been eNccc'i-
;nGly skillful, as well as rarely prohtahic 70 inc
nontrollinC interests in the companies. II Is
nossihle that history may not repeat Itself AT
tb;s lime. but speculative scoops and pro
ta~sional manoeuvrcs in the industrial. stocks have
ai,vavs been an injury TO the general market
In spite of these circumstances, there was a
sstinct improvement in the tone of speculation
AZ rule the railway shares moved naturally, and
;n accordance with known conditions affecting the
companies. The assurance OF unpecedcnted crops li
ntbers which will derive benefit from Them
P@norts from the belt We're extremely favor
able. and all the granger shares advanced rrSH
was naturally the largest and most rapid. because
that company will be the first 10 feel the effects
OF large traffic Missouri Pacific was less active.
but il made nearly large gain, bec3lSr j. IL
situated in about the same territory: I MN
Pacific. Rock Island and Burlington aud Quincy
moved in the same direction ana III P1,, TT ,
same causes st. Paul was in confident demand
throughout the week and the buvlnG was OF a
haractcr TO indicate tho utmost confidence among
the shareholders in both tins country ana Lur"p'ii
The upward movement had hc"1ne 81 Sehciai
and pronounced that the engagements oi eoid
ON Friday barely checked il for few mthu'cS'
The exports of gold exceeded foarniohS Oh
In must be admitted that they were unnS"aIiy
large for this season of the year, when 0r,nhuiIE
the exchange markets are suppheI hp,ralN W.
bills drawn against future shipments Oh Ptouu r.s
The uncertainty regarding the acton OF 'ohGIceSS
on the Anti-Option bill undoubtedly has nS'Iainsi
iaulers from incurring extraordinary rlsSs' INV nv
defeat of the bill the adJournment oil CohgI, ,
without action on il would probably restore 'h99
exchange markets 10 their normal c1ndltlon' am
in that case the latest shipments OF goIu lhlSht
lie the end Of the present movement: II Is no.
at all certain. however. that the discussion IN
Congress is the sole cause Of the goiG exports
All advices from Europe conc0r III rel or'lhe. d
general sentiment unfavorahIT 70 ,ne i,ont.aI
OF Europe are filed with money Tor WhlcI th'Ic
is no use there and ut the same ,iine, soi
refuses 10 buy, even if II does not "c''N'F ''''
American railway securities.
What effect a continuous advance in the STOCK
market might have on European opinion Il huO
certain. The market paid not ~" ShgnteIL a' ,Hnt
lion TO the latest exports, and 1t i possible una.
Europe may recover from It's fright when II
appreciates the perfect confidence In ne con
tinuance of specie payments which Is feit every
where in the United States. England, especially
is ALWAYS sluggish, and usually becomes large
BUYER only after substantial advance. III bv
any means its confidence in American securities
could be revived tho demand which would fol
low would quickly absorb all the floating stock
in this market. ....si,,,, .hs
spcculation in railway securities are extremely
favorable. OF course the crops have not yet been
harvested, but, on the other hand, the predlc
of the bear faction have been brought 10 nanght.
Public buying has not yet become active. but, on
the other hand, attempts To dislo1gc long stock
have been in many instances utterly fnte Inc
GnSed sitting Of Congress, with the consequent
uncertainty Of what it may do . An early az ~
T%srkets buying which would prove irresistible
Following is our usual table. giving the number
Of shares sold Of all stocks the highest lowest and
nrjce. week ago. prenxed by the average prices
OF July rs, 69l