New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-27

ur;nted .,on the cross earnings of fifty-sx COM
panies for the second week in Nove'" sote 400 n
whole number shows decrease Oh s-4''''O' VI
90 third hire week in November
1892 1923; Dla ssGS C p 6
10 'S sgHpanss s ssfs assiSc 2s2s ri
Total Il .sel 50 ss?9ai Dee. T2'''o' o.
Novcmlci- ~ ~ = =
20 comrani sai - & .9 in- ss3 81
81 comparies....- 4,es"7eo 4A2oooo Dc'' 'D,' -
Total SO COS s7o5l, $50 s6,sc2,G'o Dec s2'S 40 80
THE WEEK IN WALL STREET.
Speculation In stocks last week was ,n ex,
tremely variable Prices varied apout !Ioi n
day to day according TO the opSl""1 r he volume
ers and professional speculators; Inc noiu'i ~,
of business was a trihe more IMAM IL Vac ~
the preceding week. but 1t was uneven! us
tributed. The transactions in American Sus gar
Refining stock were nearly a quarter OF ,he
total business and in only two other s,ochs'
St Paul and General Electric did Ine , r,a,s" i,
The thrSe stocks was nearly one-half of the
total In the last days Of the week inc il.alnS'
displayed a strong tendency TO move up"" w. -,
but Sugar Refining lost in the week r., per per
cent ana General Electric las per cent These
were the most noteworthy eXceptiohs. ana
| otherwise final variations were aaVahe $50 ~
| from lls per cent in Reading TO 1%s in Nor,il-
| western and SIS III delaware ana nuusoi
Canal The largest advances, 1t VIII De no
t;ced. occurred in stocks not usu''' ~ prices
| inent in the dealings The course OF Offices
| prove a careful discrimination by puycls o.
| side the ranks of professional opeiasoi'' on;e,
stocks Of assured standing 'here Was ss I've
demand by investors, who desired 10 seru n
| proit BILE employ ment for their ldle luhus' INC
supply of desirable bonds mas bscpnv 10
tremey limited. and investors eNiu Ven tyyohas,
turning their attention 10 stocks o. the ihs"es'
| grade. ,u,, c,,cor
Refining and Distilling ana Catuu r,,.
we're Influenced chiefly by contradictory ru-
mors from Washington in regard TO the I'M
pending tariff bill The principal portions VI
this bill will probably Dc maav Pu ~ regard TO
| the Sugar schedule could be obtained. fIlenus
| of the Sugar Refining Company profess 10 ov g,
eve that there will be no important Ghanse da
| the duty when the bill shall have 1naiiy passsu
| both Houses of Congress. 1t Is argued tnat ..e
dominant party in Congress 1eaIs 70 az 49, .
| a repeal OF the bounty on the domestic piou-
| net while the necessity OF raising revenue ioI
| the Government suggests the inposltioh VI d
duty on the imported article Either ea as,sae
| might easily become unpopular. anu anu, S,aaEs
uuently the majority OF the ways anu si,ai a..
| Committee is reported to have been uncertain
| as to what course to pursue. sugar i'ehhns
| stock has fuctuated widely according 10 tne
| rumors in regard to the action OF the CothInll
| tee II the present duty on sugars apoNs ~. ~
| 1s Dutch standard should be abrogated me
| profits of sugar refining would necessarily oe
| reduced The company might not DE a s.aee.,5o
continue the payment OF the hpefa na ac
| to which the shareholders have become ac,
| customed. The fluctuations in Distiiilns, anu na
| Cattle Feeding were less important ana tile
stock closed absolutely without chan ngo The
ppnnos,te arenment was urged in behalf Of this
| stock An increase in the tax on SPIRITS Woud
not be perceptbly felt ana eer' ransnue Would
| he collected with no additional cost, ana the
production of Illicit distillers, although IL nnei,,
| be somewhat stimulated, would De 100 s'n a..
:" heva any large effect on the trade. An IN
crease in the tax of 80 or even % Genus Sa'-
| Ion would go far toward supplying the PIouaa
| hIe deficit in the Government receipts. III nc
Let week. the excess Of Government cxpendit-
mres over receipts was reduced by moderate
amount, about $S75.OOO but the excess III inc
| month promises to be about 100000 So,
The movements in the general list were due
principally to the easy rates for money ana 10
| some extent to the oversold condition OF inc
| roorket The short interest had become 80
| large that the leaders Of the bear faction be-
| came alarmed. and when they found that thcy
could not depress prices because thelr ,hs
| ohv,ous purpose Of forcing the weaker bears 10
cover The low rates OF money were not ,ne
only reason why the bear nrd iaemon IN our
| hranches of business. the reports OF railroad
earnings. which In the main were satisfactory
| and the constant growth or confidence ever
where in the country. were elements IN 'ne
| snecuatiye problem which naturally tended 20
| an advance in prices. Foreign commerce SHOWS
a large merchandise balance IN favor OF UNI
| imports. and in the last week there has peen
| no counter movement OF securities WINE
London has apparently been ao'ng h.ae s ~
| curites shows signs Of gradual revival ana
| purchases of bonds, and perhaps OF stocks. even
| - small have undoubtedly been larger than
| Tho sales for foreign account. An indication OF
| the inoproyement In the mercantile situation
was Afforded by the large auction sale of cotton
| goods on Wednesday. when 1900 packages
| 11aIued at about 100000, were sold. The
| nrices obtained were Unexpectedly HIGH ana
| Tho success of the sale has had an excellent
| offact NOT only on the tone Of the drygoods
| market. but Indirectly on the Stock Exchange
| markets. . A., -, - A..
| ono OF the incidents Of the week was the
| s.riLc ON the I,ehiph Valley Railroad. which at
| 6rst crcated no little uneasiness. The stock
| &c not dealt in at the Stock Exchange. and,
| moreover has been closely held for many years.
| The other anthracite coal stocks were NOT
| affected adversely. because 1t was urged that II
| the Lehigh Valley Company should be Tea up
| for q short time the other companies would de-
| rive an advantage by the restriction caused
| nv the strike. An occurrence or much more
| importance was the selection or committee
| to formulate a plan for the reorganization OF
| the Union Pacific Railroad. or course, any
| rIan must take into consideration an adjust
| ppent OF the debt to the Government. and on
| that pOint Congress has sole authority. The
| ,narkct closed q trine below the highest figures
| Tor the week but in spite OF the slight reaction
| the general sentiment was hopeful ana
| courageous -, -, -
Following IL the usual table. giving the num-
| her of shares sold OF all STOCKS the hignest'
| lowest. and the final prices OF the week. to-
| gether with the final prices OF q week ago, pre-
| fixed by the average prices OF November H.
| 1892:
THE WEEKLY RANGE.
| p.rTwAY STOCKS.