New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-12
Total OF CO. $50 20 Cl2 81 800 933 Inc sl5lS@l H.
TIE WEEK AT THE STOCK EXCHANGE.

TIE WEEK AT THE STOCK EXCHANGE.
There was sharp falling of in the transactions
at the Stock Exchange last week. There were no
really important changes in prices, and the move
mrnt was irregular and uncertain, but most stocks
closed a little higher than they dId week ago
The largest advances were generally In the 1hdus-
trial shares or in spccialticS which are usually IN
active The more important stocks were at times
rather heavy but their final losses rarely reached
per cent. The dull and obstinate strength OF
the market may he explained by the continued
confidence OF the present owners II seems TO be
probable that most of the leading stocks are not
widely distributed, and that here, as well as IN
London there is little speculative interest In the
market Evidently the stocks which tie pupil
holds it has paid for in full. or it is carrying
them on such abundant margin that it entertains
no fear about the final result. The most thai can
be said on the other side is that the public Is
averse to increasing its holdings With no fresh
accessions of long stock and with the small but
steady absorption of those Of the highest charac-
ter. the Stock Exchange markets have become
staqnant and the slight transactions are maze
largely by professional traders. The fluctuations
conseouently possess little meaning, because thev
may readily be reversed in the course OF one day
business The furry which occurred in the mar
ket ten days ago failed TO dislodge any consld-
era BILE amount of long stock. and tho fact hight
ened timid short interest into covering abruptly
To this extent certain support ha; been re-
moved while there is no doubt that fresh attempts
10 deprcss prices will be revived on any unhappy
Philadelphia and Reading was by all odds the
most active stock last week. 1t touched n lower
price than in the semi-panc on Thursday Of the
previous week. and although il rallied OCCASION
oily with much spirit, II recovered no part OF lts
previous loss, and actually closed tman irn rae.
ton lower than it did week ago. There was
no important news TO affect the course OF It's
price, although reports were not wanting tn nav
company and the PENNSYLVANIA Railroad. The
weakness. perhaps. may have been due 10 tlc
conferences between the managers OF the company
and It's employees. A further meeting, II IL sara.
will be held tomorrow. and unless satisfactory
compromise Of the differences shall he achieVed'
there is some danger that an extensive ana gen,
era strike may he ordered. II is TO he hoped
that that nothing Of this kind will occur, but that
rea enable concessions will be made on both
sides The final losses on, tn, less active coal
shares were larger than me dec,hc III IN h'a''"3
4 matter of much more consequences than the
danger Of disturbance on the Reading Railroad
eysnm il the extreme probability OF rurtner
shipments OF cold 70 Europe. The interruption
OF the export trade in consequence OF the cho,
era in the harbor restricts the issue on commcrcia
bills and il would require but little demand
for remittance to force renewal OF GOLD eN.
norris The Custom House returns show a smart
shrnkaCe in the exports OF merchandise pul
m to the present time the movement ,owr iowa,
This country has not been greatly affected. The
imrorts reported for tie lest week wcr valued
at Slo.390,G45, an increase OF over S!,ooo'oo9
comnareJ with the same week n year ago. ana
Of over So 500. 900 over the same week in 1890.
Entirely outside of the trade balance with inc
two continents the gold Is likely to go our
simply because Europe is willing TO pay a premium
for IT, Exports of gold in September are IN
seasonable and unnatural. and the influence on
the stock market may not be favorable" Az
times during the week there appeared 20 pc
little buying Of securities for European account,
but it was on a small scale for the protection
OF short contracts at the London Stock Exchange.
| The movement did not last, and there we're
| indications of more important, II less active,
| selling by Europe. a., -
| The situation Of affairs abroad is such that con-
| fdence, even in American railway securities, ~
| not improving and the resumption OF dlVldehus
| on ST Paul common stock resulted IN an I'm
l oh ~ hp
| by European selling. While il is always the
| unexpected that happens in Wall street, the con-
spcuous weakness Of this stock after the pnblca-
ton OF It's annual report suggests that the Foreign
holders prefer gold to il or any other apparently
| sound stock The declines in the vanderbilt
| shares for instance, must have been the result
| of the same lack Of confidence
Among the miner incidents Of the speculation
| was steady advance in New York and New
| England stock, which closed win gam OF
| Der cent after large transactions. Rnmors OF
| combinations, in which the Reading Railroad was
| said also 10 be party, were not confirmed, ana
| possibv the strength Of the stock was due more
| TO the excellent management or The properly
| and the close control in which the stock IS held
| Still larger advances were made by Manhattan
| Railway and number Of the industrial stocks
| hut they were not worthy Of particular atten-
| ton Western Union Telegraph was strong ami
weak by turns, as rumors were for or AGAINST
quarterly meeting Of the directors, which Will
| take place next Wednesday. In general, tho mar
! kct closed Yesterday with slight exhibition OF
weakness but this may have been entirely super
| fetal. ,-, A.. ..
her of shares sold Of all stocks, the highest, low
| est and final prices Of the week. together with
| tho final prices Of week ago. preiixed by the
| average prices Of September 49, 1891:
WEEKLY RANGE.