New-York tribune., 1893-12-25
IoIaI % t0'o~ TS5 I'I T7U'U5- 0'T' aST3,TI- us
THE WEEK IN WALL STREET.

At the Stock Exchange there was decided
falling off in the recent investment demand for
bonds and the speculative issues We're more
freely pressed for sales. In the stock Specua-
ton business increased about 90 per cont, but
the character If the market was iit,ic changed
and the activity MOnOpOli2cd by Few issues
significant feature WAS the persistent selling of
CNtoco. Milwaukee and -. Paul-usually for
eign flvorltc-which resulted in decline of more
than , per cent Stocks like Lake shore and New
York Central little more active and ma
terially lower. Railroad earnings have recently
shown an increasing ratio OF loss from last year,
and fears Of adverse net returns, in spite oi the
rigid economies practsed by the roads. cannot he
suppressed. Probably this furnishes the basis
for the Increased inclination Of European holders
II withdraw support from American securities
The speculation all the week was oppressed by
n dread Of the insolvency Of the Atchison. Topeka
and Santa Fe. TO The credit Of its managers II
may be said that when confession OF bank
ruptcy imminent they did not follow the
example Of some railroad officers VINO maze df-
malls up to the verge of the formal afiXing OF
their names 10 receivcrship applications The
shock Of the announcement respecting Atchison
was spared Ia the weeks market ana the. inter-
yention of double holiday affords ample umc
for reflection. Nevertheless. the payment OF
large loans by this company last week encour-
aged hope TO the close Of business that Jahu-
ary default would be avoided especially as the
confidence Of the cOmpanys management ltSel
seems 10 have been maintained up to W.thn a
week The MAGNITUDE of the Atchison systems
fixed charges makes the cessation OF interest pay
,nents Of considerable importance, while the
conditions against which transportation lines o'
the country contending Is not likely 10 en-
courage confidence. me oecHhe III At'nl'vn
stock which was not far above the aNtidse III
q, her nropertieg shows how reluctant Nall street
was to accept the worst view of the situation.
Extensive iouidatons In New-fcrk ana New
England with a falling price Of over II per cent
preceded the confession that vigorous efforts were
necessary If this company we're to avert deiaul'
January L. As football OF speGua1aon
in the same breath with Atchison. but the lacl
Of serious speculative losses Il no' 10 ,,. pr pr
ntted. Liquidat!ons in Chicago Gas Dls'irins iri
and Cattle Feeding and Western Union leie-
pranh were other features Of the week but lie
support Of covering of shorts was OF auNah'"se
in modifying the extent Of general dechhes.
Sentiment also suffered from the unhappy
stale of affairs developed in connection with the
cosing Of the ST. Nicholas Bank 0f'uhS' 'TI!
other sjnister rUmors were not Verlien' ana 't'c
commences Of the city banks rs a whole must DE
,,3nuestionably accepted. The weeks experiences
have placed in it's true light the signIl-
funds in financial institutions. The giui o.
money photographs the staghatlon "i Ill
ness due to tariff uncerta mites: Nct nso'r a
cf the feeling OF depression in NaH Siicyt li"H
no traced yo disappointment at soinc I'dluI'S "a
Secretary Carsles annual report IhI }es,, lrje ~
of The agency or inteTVcnrpn oI XIX ~ CAR
Goa;ing the Government bonds whch Nj 'ui
iislc recognizes as Inevitable VIII not anecl tnc
Iight-Going Of these hnancia al insttnAons hpWeEv W &
unfortunate the Secrcarys attltuue l,aH a. ,;on G
the suggestion of silver "segn:oraee ihild@.io,, @
,,as universally recognized "a gratuitous as wen
as astonishing to those bankers VINO pTonlseu S"r
helm 10 the Treasury Department Wheh ire - 49,
. heP ,,.as lac, in New-York. Confidence IN
sound railroad properties never gives way eNcepl
before the force Of actual conditions put IN Wa .l,
nreeent state of the National finances IL shUulu
hohoove those in authority 10 preserve the "o'-
Comments credit above suspicion, ,.u ~, |
The fortitude Of the stock marKeS u'au n,,d ,bn
the circumstances Is most commendapie, anu ,'h ~,
env ai,e D of the short interest may Interfere WIN
n s',ncess of purely speculative efforts TO ac
conhp,1s ,,,-s &c the usual table giving the number
.sharss soid of all stocks. the highest. loWeSL
and final prices Of the week, togetneF WIN the ,e
final prices OF week ago: p6"N'1 200. ~
a~era ee prices of December "a. 1857
IyI,-LIY RANGE.