New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-07

~ io'A o. SaI ~ DIN. fcntts pc
s s4 s 81 Lee D.@ .e45
Total II ~ 49, 24o 60 oss oOe Inc sl59 $50 IL
TIE WEEK AT THE STOCK EXCHANGE.
Speculation in stocks was exceedingly languid
The transa items were hardly nlore than nall
what they were in tho preceding week, ana Miey
were limited largely 10 the Industrial STOCKS sna
few specialtier. The transactions IN DStulcio
and Cattle Feeders and in chicago "as were
nearly one-thrj OF the total business. Chicago
Gas gained in the week b j-s per cent ann ~
closed in active demand At the highest price II
ever rea shed. The movements In DistIers were
more uncertain and variable, and II ended apou,
midway between the extreme prices az WHICH a,i II
sold. with final gain compared with inc previous
week Of nearly per cent. Outside these siiaf's
and few sEecaltes there was little interest
taken i'm the course OF prices. he transactions
in Reading and NewEneland fell 10 moderate
proportions, and both stocks suffered fractional
loss \, a group the Granger shares were strOh-
and HIGHER, but generally railway securities We're
neg ccted The tone of the market AZ the close
Of the week extremely confident. ana activity
will probably be awakened immediately after the
National election.
The most interesting and important event IN
The week was the action OF the governo1s "I
the Bank of England in Leaving ITS discount rate
unchanged On the morning Of the weekly meet
ing the open market rate for money was mp
to the bank rats The refusal OF the governors
20 advance IT'S figures was in these circumstances.
they were possessed OF information regarding
the Continental money markets which was nor
generally known, and that they believed that III"
outward flow of gold to the Continent was ap,
preaching an end. Both Russia and AuS1rlH VIII
soon be in the market TO effect rather heavy loans
and the success of the negotiations womb '~
lmpedcd by any stripgency IN the London money
market II is entirely pr hnbe, therefore, th''
the governors of the banl, hau received assurances
on which they chose 10 depend. that thfSr conh-
tries would not withdraw gold from LONDON iI
the present at least. The eVO4t undoubtedly al"
much TO restore foreign confidence, ana us ~
fucncc on our own money markets was not III
L.. IL L.. i.ip inv 9f "A
the bank rate there was an eng aellla. So aoI
foreign exchange. which great; strengthened
rates This demand virtually ceased on A"t.-
day after the announcement, anu DOM vi" eN
change and money markets were sensby easier
There has been very little buying of Amcri-
can railway securities for foreign account, ou
the contrary a few lote Of stock hay" hc"n TO
ccived from London The selling, however. ma
been much lighter and apparently css confident
than il was o few months back NO import
cold are likely to bc received before the END 81
the wear but il is satisfactory that no inrth"r
shipments will Ire mate imports merchanI'e
are extraordinarily heavy amounting la,t w ""
- over 81 900 900. against less than Slo,oVV'-
600 i'm the same week last year ana 10 even I,,1H
than $1,000 900 in the preceding year ne
outward movement OF nerchandise; on the ONE.
hand, Is not heavy, although within the last
few DAYS there were Indications OF an early II
crease in the shipments OF products. MhI.r
Europe w not T9nre the est same nnSr I"i s 70 be-
hoped that the demand will relieve the country o.
a portion OF its surplus. ,,.
With q free export movement al the conultions
surrounding speculation in railway - tfcnritt'S
would ~ favorable to higher prices ! D" sure,
railway earnings do not compare iavora6Iy IN an
cases with the returns al the same time lS' wear,
hnt thc comparison is made with extremely heavy
earnings. while the oncytting expenses in net
,r1rnings have been Influenced by cNlendltnr"s to
provide for the large traffic which %iil ioIoN th'
nnoning of tine Chicago Fair. The underlying
Strcnsth Of the market; which docs not Weld to
,carish assaults, Is cause for profound satisfac-
ton.
Following is our usual table giving the number
IF shares sold Of all stocks the highest. lowest
aud final prices Of the week. together with the
final prices OF a week ago prelNcd by the aN"r'tgc
prlcos OF November :, 1891
WEEKLY RANGE.