New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-27
GUESSING pRIcE, or pn1LApELrHIA STOCKS
WHAT WAS DONE IN STOCKS.

Tuesday. July Pop III.
There was no material change in the speculative
situation to-day The transactions at the STOCK
Exchange we've in volume about the same as they
were Yesterday or on previous DAYS In the last 10"
weeks The general movement Of prices was up
ward and the final variations were advance,
Nearly one half Of the total business however. was
done in what are called the industrial stocks
BESIDES being active they were also strong Inc
reasons that were furnished for their advances
must have been suficert, Tor otherwise new buyers
of cotton OIL sugar refining, and disulilny anu
cattle feeding, could not have been Ionno. ~ ID
IMPOSSIBLE OF course. that the movements III theN
stocks SHOULD have been wholly ariihciai III may
he suiiicien: to say That the Industrial s'ochs are
painin. in popular estimation. because there j.
M alternative TO the other conclusion That theA
ars govcrned wholly by professional manipulation
Their advance, vi u / IL per cent. theicloi'
wrrc produced BY the better conditions anu larger
earnings OF the COMPANIES 49,. A .rn.,c
The only railroad stoch in whicA tIe tia"s ~,
,jons reached 10000 shares was ~. faui, al,
thut closed at lis inst price with gam oil 80
per cent OF the other Granger shares h'on :"
Island was unchanged; while Chicago, Burlington
ana Quincy closed l-S and Northwest IL per
cont iuwcf Atohison was comparatively ac-
live. and II suffered final loss OF l-o yer oh'.
hut Missouri Pacific was dull, and al the ci0t'
only the same fraction higher Noithcfno Ia
cite preferred Was affected naturally by orcia'
assurances that its floating debt ha4 been eN-
only swal fraction. The hesitation which MAS
Displayed in tie Western railway stocks was
owing chiefly 70 renewed efforts ~ XII the grow
inQ crops The same interests which sofa ue
Granger stocks Ia May on account Of the Hoods az
tackled them because Of reported drought. y
short corn crop certain III NAV, accoIuIns '"
these confident authorities, and is equally sure:
although Tor IN opposite reason, at the ehd oi
July. The bears ia the Granger stocks might 90
lett.r than anticipate the seasont or disrupl
The Western Traffic Association. vastly better
Thing would be 10 cover their short con
tracts, even at loss $780,
Speculation was restrained, In part, by icats
Of renewed exports Of gold Rates OF exchange
on Europe were raised although the supply "i
merchan dise and bankers bills was not rcstflc'e'
by any action Of Congress. No one expects the
AntiO option bill 10 become law 81 the present
-eseun and its fate, after little rcncc'ion' may
DC predicted with confidence. Al tine same TIM,
the discussion OF this aud other economic ana
nnanci1l questions has aroused feeling Oi ul-
certainty in Europe, which may not easily z
slayed Europe has not yet resumed active srI-
ing Of American securities, bat regent develop
ments have tended to exert an inhuence IN thai
direction.
TIE DAY IN THE BOND MARKET.
Govern lent bonds were neglected ana the I'M
pro enout IN tho bids for long -date currency
ISSUES was lost. lLc InalKe cIVsf" S'cu"S az
inese quotations.