New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-12

eleven railroad companies or systems for the
first week of December. OF this number eight
companies return gains OF $ll5,j66, or l0G
per cent, and three companies return losses of
81 per cent. The whole number gives an in
crease over the same week of last year Of Ss3.-
0l2, or As per cent 1t has printed also the
gross earnings of sxty-two companies for the
fourth week of November. The whole number
gives an increase of 81 ,O74.9 or ll.3 per
Tho following table divides the aggregates and
differences of the companies, showing gains and
losses
= Nc: + 6, s. Is
Total II c,sfi 72o,lo5 slsl22O7 Inc ss9.Ol2 40
g s,sssS ss be- be- ssG5 M
TOal 60 co'.so 474751 slo,54e 727 Inc. so74ee lib
The bank exchanges at the New-l ork Clearing
House and the stocks sold at the New-lork Stock
Exchange last week and for the week OF the pre-
cedlng two years compare as follows;
Ri} a - Rs "a - Ria 5S
THE WEEK AT THE STOCK EXCHANGE.
Speculation in railway securities last week was
Of Congress or the continued discussions in the
International Conference at Brussels, Severai
financial measures. particularly for the repeal
Of the Sherman Silver law, were introduced In
Congress. but no action was taken on them, ard
the general sentiment appears TO be favora-
bic to further delay: The wisdom of this action
drawal of the Rothschild plan from the Brussels
Conference and the subsequent discussion OF the
general questions make il at least improbable
that any valuable agreement will he reached
If the Sherman law could be repealed before the
adjournment Of the Conference q different result
might reasonably he expected. The European
nations which are now bound completely TO
mOno-metallc currency might ind in the sus
pension of silver purchases by the United states
That they fear the consequences OF repeal os
the law has been made plain by the utterances
of the delegates in the Conference ana by Ihe
comments which have been made by mary Eu-
ropean newspapers II is impertnent. at least. for
some OF them TO suggest that the repeal OF inc
Sherman law would he breach of faith toward
the creditors Of the United States There is also
no evident foundation for the universal cry IN
Europe that the repeal would cause an unparal-
leled commercial crisis. -,
Treasury that the gold reserve should be strenslh-
ened without delay is worthy of the Wa1neSu
praise The continued issue in payment LOT sll-
yer bullion Of full legal tender notes steadily de,
preciatcs the security of that and also the Ola
legal tender issue Secretary Foster is entirely
correct in assuming that II n reserve OF one nun
bred millions gold was required ten years ago a
much larger sum has been made necessary by the
expansion of the LEGAL tender currency. Dl,erent
methods for accomplishing this result mlShI ne
employed. but the suspension Of purchases OF sill
yer bullion by the Treasury would really be the
hest preliminary step. A.
most interesting and probably most aGnlncant
| incident Of the financial week Western Union
! Telegraph led the movement Win gam IoI uic
week Of 5-4 per cent. The advance in Man
haitian was less rapid. but that stock gained over
per cent. while Missouri Pacific gaIned 2 ~,
| and the less active stocks with which Mr. Goulds
| name was identified simply moved in sympathy
with the leading shares. The suggestion tha ina.
the advance was due to manipulation j. wholly
unreasonable In Western Union and Manhattan
| there was no short interest sufficient to produce
so sudden movement while neither stock mas
been for some time favorltc of speculation IL
can he inferred only that the buying was Tor IN
vestment and possibly f.: control OF the prop
| critics While the advance naturally started many
rumorS which were hardly credible: 1T was gen.
orally believed that in both the Western Union
| Telegraph and the Manhattan Railway companies
| the Observation-Disclosures Interests were ABOUT 10
assume moro active and prominent part
If the buying of these stocks was general and
extended it displayed remarka3le estimate oO Oh
influence Outside the Gould stocks the market
presented no important features. Iransactlons IN
Sugar Refining and in DiStilling and Cattle reed
but after many and uncertain fluctuations they
| closed with gains Of only about l per cent.
| Among railway shares Reading was moderately
| active and strong, while Atchison was active ana
weak. Rock Island was depressed at one. time
by strike of the tclegraphcrs on its lines, but IL
rallied sharply when it became evident that me
strike was already practical Iaiiure o'I ny
| cepting Atchison and Chicago, Burlington and
Quincy. The closing was extremely confident; al
though at slight concessions from, the hlGhest
figures. while the short interest in the prominent
| stocks remained unusually extensive. There was
good buying of railway bonds Cor foreign account,
and indications. were not lacking that European
interest in stocks was reviving
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 week ago, preiiXed by the average
prices of December -. 1891.
WEEKLY RANGE
| ACTUAL SALTS, r.,
- High. Low. Flna, Dec shares