New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-16
1880. 200 ? o7e.27S Dec. 25..42a T.
Total cs SO ceO,,3 s9,e7c O70 Inc.s25,.- ao 2S
TitE WEEK Al Tnh >iDNk ENCilANUh.

Total Cs 30 90 40 s9e7c GO Inc s25e :aG IS
| ri.E WEEK Al TnL >iDNk EACiihN"h"
Speculation in Clocks Inst week WAS more ac'iNe'
but li couis. Of prices Was uncertain aud Naildpe
III rc Hrst pat 81 tne week the market "lHpiaHc'
! unusu2i strength Oh renewed buying for Euro
' pcan account Ibis was stimulated partially ~
Inc occurrence oil tnc iOrtngitIN settlement al lr
London stock Exchange. where "a snort interest III
| American as well aS Gtncr shares, was apparently
! developed. As the buying war not confined -
stocks, however II is moi iinproDaoe that fepor,
! lativc effect IL the last half ol the week prices
declined slowly under short selling. which W.
| aided by an evident liquidation III Northern "a
cifc preerred. ana secret manocuVrcs In mon a
cific Tee bear faction was helped ~ bad weather
at the West, which was uniaVoraDe t. secdine anu
10 che growing crops Ihs' thc REPORTS on uiui'H
were highly cOlOrcd was indicated by the lack vi
strength in the grain markets. Although the daiii-
age - the crops may NOT prove 10 DC Serious ''e
bear faction used the reports To dcprces the GRANGER
Stocks. Rock Island suffered final loss OF : -
PER cent and the other companies about per c'ht
on an average The decline Of over per cent ID
Northern Pacific preferred and of "a per cent III
mon Iacihc were largely due to other CAUSES
than the weather. Questions about the next diVi-
dcnd on Northern Pacific preferred we've not an
swcrcd satisfactorily. bat the stock lacked sup
port and its closing was at nearly the lowest POM
The events of the week were favorable TO Il
farther advance in prices inc mret!ns
of the Advisory Board Of the Western Traffic
Association was attended with complete harmony.
Doubts have been excited in regard TO the acton
the Chicago burlington anu quincy .uiIi""''
which adiudgcd guilty of the charge OF cut
ting rates. .,cre should he no reason for any
question in this matter. The company, e, un
doubedly. will discipline the subordinate of'lcpt
who committed the offence 1t certainly is n"l
strong enough TO defy the Association, TO whose
rules it subscribed. and by so doing 10 oppose'
what is still of mole consequence, the opinion
Of all holders Of railway securities. Next 10 tiiiS
meeting was the election Of the Delaware ana
Hudson Canal Company. which resulted IN .ie
election of three representatives. OF the WANDER
bilt interest. and the alliance between Reading ana
the Buffalo. Rochester AMI PittsburT II IS PROD
able that the Importance of both these compiho-
tions has not been fully appreciated In spite OF
them the anthracite coal stocks were neither active
nor strong =,
The oniiow of gold was checked by the buying
Of securities for foreign account The small snip
ment that was made was in every respect q
special transaction. The outward movement OF
merchandise was on large scale ana Iu .i1 r
exports Of gold in the immediate future Will De
determined chiefly by Stock Exchange transac-
tions. Undue importance was attached to ne
announcement by the Chancellor of the IN
chequer that England had accepted an invitation
take part in an international conference on the
silver question Mr. Goschen was careful 70
state that his Government would NOT commit l,scli
in any way to any actual principle lie expressed
hone that the conference would go lar IN me
direction of arriving az satisfactory CONCLUSION
of vcxed question. This position Of the Britls ,
which it has long occupied. At the Paris con
ference in 1881 the delegate of Great britain
declared that Inc was not permit ted 10 vote upon
any propositions which might be submitted. and
that he was present simply because his Govern
mcnt considered that il would he lacking IN
courtesy toward friendly powers to refuse 10 SEND
a delegate to the conference II is Impossible N
perceive any good reasons for the belief that the
English delegates 10 the proposed conference VIII
enjoy any larger privileges or powers. IL is FOLLY
10 expect that England will change the financial
policy which il has tested by the experience of
three-0uarters of century: II Is possible that
sion Of asking the Bank Of England 70 keep one
fifth of it's reserve in silver This offer has been
made before. but il was coupled with the condi
ton that other nations should throw open their
minis 10 the free coinage Of silver. The Bank
of England il must be remembered. is a private
institution. and although It's charter permits il 10
keep in its part of silver 10 four parts
of gold. il would exercise the privilege only under
the greatest pressure. If the minis Of other ma
tions were reopencd TO silver, il might then resume
its present policy after brief experiment.
Since the last conference the position Of I'm.
ropean Nations has been strengthened and that
of this country weakened. Then the banks Of
and large supply Of silver. Since ssh the lnnb
of France has increased lie gold from about
c23.500, 900 TO over c60.400.000. Its stock 81
silver remains about the same. The Imperial
Bank of Germany has increased its stock Of gold
from f9l26.0o0 TO nearly f3G .000, 600. and has
reduced lis stock Of silver by over $3.50. 900.
roncan banks have Gincd Sl30.000.0O gold and
only about S3.250.000 silver In the same time
this country has been accommodating an cxtraor-
binary stock of the metal which was disca rdcd by
Eurore The old law, that the cheaper money in
variahy drives ont the better. never had palmer
verifcation. In the proposed conference
the United States would stand more nearly an
even footing with trr nations Of Europe il il
should announce at the very opening Of the con
ference that it. had coased the purchase Of silver
hnlon and offered what il had on hand for sale.
Snch an announcement would make the conclusions
Of the conference Of some Importance.
Following is our u0ual table. giving tho number
Of shares sold of all stocks. the highest. lowest
and final prices Of the week together with tho
final prices of a week ago prefyed by the average
prices Of MAY 1G 1891