New-York tribune., 1892-12-05
Total % cos. 81 blj,j ,j53 9S O35.3jU Inc. 9-I",
TIE BRUSSELS CONFERENCE.

Judging simply from the reports by cable, the
international Monetary Conference has thus FAR
accomplished nothing. Ii cannot prove an apso-
lutc failure, however, because ii has clearly DEM
onstratcd even to the dullcst comprehension the
absolute necessity of Il prompt repeal by congress
of tho Silver law of $50. There probably never
was a substantial reason for thinking that treat
Britain would consent 10 radical change III rs
long-cstabishcd financial policy. Some months
ago il was reported that there was some S'ft ol
an understanding in regard t. the silver question
between the governments of Great Britain and the
United States. 1t maintained as diplomatic
secret hut great expectations were based upon IT,
and the result the official calling OF the on
ference. If the proposal presented last week oN
the English delegate, who was appointed by the
present Government. Is In" sequel OF that unurr-
standing II might have been az well II The on
ference had never taken place Ih" IN !i>h
proposition, if it has been correctly reported was
insulting 20 the intelligence and dignity "i 'iIS
country II could not be accepted under any
circumstances, because il bound the United Stat"'
TO the continued purchase of 4.ooo,ooO ounces a"
silver month. 1t Is not surprising 1IHt .I'' .l,
subcommittee to which il was referred promptly
elected IL, but il is surprising that the american
DELEGATES should have favored such pan. N
academic discussion Of the silver question Will
probably bc kept up for several weeks longer.
| The DEVELOPMENTS at BRUSSELS make 1t the para
mount duty Of the FcCual Congress t. repeal
without further delay the present law Toh'lo'
has nothing to do with tl" matter. aud the inter
csts Of the silver producers in the' crcum~an EOS
are too small T. be- considcrcl Members "i on
grc,s should regard 1t a. patriotic duty to bl9t
|
| This action should be taken at ono" before the
adjournment of the brussels Conference
u would greatly strcn2th"n the POSITION OF ''
! American delegates and II might "Ntoit rom
/ Great Britain a more respectful ana more f"a,pl-
| able proposal The English expectation OF a
monetary crisis in this corntIl mas al pi',rH1
| country can endure the burden OF all the SiN''
| ii has yet acquired To continue In" compulsory
purchases might III time justly o" PREM prem ,,,nr
| of European tinancicrs To con''nn" men al &ai''r r
the bold and decisive utfcranc's oi the b"-'l 81
| delegates TO the Conference Is to play INTO '"c
| hands of foreign mOno-mctalliS; countries
THE WEEK AT TIE STOCK EXCHANGE.
| The event of surprising importance in wall
Street WAS the death of Jay Gould. At the open
| ing of the Stock Exchange on Friday the an
| ncuncemont cNcrt"d sentimental influence on
priccs but the reaction was temporary. and con-
fined almost exclusively 10 the stocks with which
his name is identified. The Wall Street estimate
of Mr.. Gould and Of the method, by which ~"
accomplished his purposes has been shown plainly
| bv The advance in his stocks which followed ms
| death. Since Friday morning mon IIchr na@
Sengd do d per ecpd and nhSian slSa RAILWAY Gi oycI
| per cent. The reason for ti.c rally wds the
statement that large part, Of his fortune han
| been left IN trust for ms children during ih'l
lives This prccludcd, OF course, the dancer whcl
| might follow Immediate and eNtcnslv" lipuiii-
tion of Mr.. GouIds estate. y stllI NOR potrht
influence, however, was the common bchci thd'
the power of the Gould interests had been forever
broken Without peer IN hS particular lne, IA"
has left no successor IL Is not prooab" thai hr
held absolute control vi either Western tnion,
Missouri Pacific or Manhattan Railway. Already
changes IN III" management OF th'e" compani"-
are freely talked about. The offer OF -" i"f
his holding Of Manhattan Railway stock, which
he refused made in tic Interests of the
metropolitan Traction Company. In both Man
haitian Railway and Western Union I"l"sfiph
the NandcIbilt-MOIgan interest, hold a lar9"
amour; Of stock and any r"or.anization Of the
| management OF these companies might brln- th',c
interests into greater prominence. In" lai" OF
Missouri Pacific il less clear, hccal-r the Nalu" Of
the property j. fully known cnly by the and
intimate friends of Mr.. Gould. The railway stua-
tion in IN" Southwest, although dominated hY
Mr. Could Is 50 delicate that the leading interests
in some other railroad systems might find II con-
venicnt and profitable to sccuT" control Of
Missouri Pacific At reasonable price II cannot
be denied that the general market displayed
greater chccrfulness and confidence after Mr.
Goul1's death. With few exceptions prices
steadily moved upward, and, although slight con
ccssiOns were permitted in the hnal dealings YES
terday, the closing was not only hrm, bnt nope
The export Of about million and a half Of
gold might have had n depressing influence If
il had not been overshadowed W the greater event.
There no reason 10 supPosc that the ship
ments were in any way artificial or forced. On
the contrary. efforts to keep down the amount
were put forth. In the last four weeks the
exports of merchandise from this port barely "N-
cecdcd $50, 100000 "hile the imports Of mcr-
chandise were over &43.000,O00. In the same
ports by little over $500 900. Here is an adverse
trade balance against this port Of Sl3 100000. As
the investment Of securities, on the whole. has
probably been against this country, shipments Of
gold even nj TINS season OF the year ought
not 20 excite wonder.
Following is our usual table, giving the number
of shares sold of all stocks. the highest, lowest
and the final prices Of the week. together with the
final prices of a week ago. preixed by the average
prices of December ), 1881.
WEEKLY RANGE