New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-11
Total Is co'sss i1e5s4 ~ oo5 SO Dec i03 10 1876
TIE WEEK IN WALL STREET.

The recovery from the general Gistrust which
has prevailed throughout ia" country has been
80 rapid and confident that il has been almost
amazing. In nearly every section Of tie country
manufacturers are Icsuming work, the hord's OF
idle wrrknen are daily becoming smaller, and III
every branch of trade there j. evident
hopeful and ch@Ii1l feeling The Strmgcnry Of
money, the result of uncertainty in regard -
financial legislation, has been greatly RELIEVED and
currency and gold, which short time ago were
nnattainablc for business purposes, .,Ncrpt 10y
the payment of heavy commits, ions, are now picnu-
jul and to be had for the asking. The reasons
for this prompt recovery are not difficult to per,
ceive The lower house oil Congress expressed
emphatically the force of popular opinion about
the present silver law. and since it's vote the
belief has steadily Teen gaining ground that re-
peal q the compulsory purchase OF silver bullion
was merely a question of tine; Anothrr Week.
has passed. however. AMI III" SeTlt" has mauc
no progress whatever toward carving ont tue
popular will lie discussion III that body IS not
only tedious but useless and trtng Inc d"IaN
III passing an unconditional repeal Dill mas
strengthened the hopes Of tie silver party when
does not attempt 10 conceal its JOY in ohSfrncIing
legislation, and its conhd"I.c, IN hhalV dee't,hA
the repeal bill has been steadily growing. Ter
haps thc friends oi sil are the only persons
who share in this opinion but at the same time
talk of some kind of compromise l. more ire
qucntlX. heard. and if attempts in that direction
should Ne successful they would compei con,
ference between the two bran'h he, OF tnc Na,o.ial
Legislature, and in that event me la''' 81 ME- NE
repeal measure would he clOudcd with doubt. n"
Senate ought TO act without TURNER u'l"S Vi "''
cussiOn - /;
This action would encourage the recovery III
mercantile ana financial affairs which l. now IN
der wav while prOtractcd delay would tenn only
to cheek it, Any doubt as e. the final outcome
would icain revive distrust ana AGAIN wltn ';,'
from circulation the money Whlch - now p''h7
returned TIN. condition Of the National treas
ury is such that the Senate should esteem !! Il
patriotic duty 10 help IN every WHY Poo'l"ic '''
restoration Of confidence. -
'tItbon~h the week was interrupted by ho-
day. the total transactions III stocks lasr wees
were somewhat larger than those OF me pr'','inS
A. nrp1
ne,s i'm the corresponding week last year u"
character of the speculation was not na'crnlN
changed, Int largely remained Local ana prols.
sonai In only three stocks did the transactions
e-cecd 100. 900 shares, and of these by lar 'ii'
most active were American Sugar Refining ana
Chicago Gas. Although they did not close az
their highest points. the first recorded final gam
of over !, per cent and Chicago Gas one of abont
> IL per cent. Chicago. Milwaukee and n.
Paul winch was the third stOcn III point OF ac-
tvty, suffered slight loss. and few othrr
prominent railroad stocks closed without important
or significant change. The lara">t gains were
confined TO industrial shares. which were SUD
iect throughout the week to skiliul nalllpulatoh'
1t is barely possible that III som" instance ,nr
recent advance in the leading stocks cohiPcl'I
commission houses TO buy back stocks which thN
had sold for their customers on account al tl'
difficulty in carrying them There Sun cNl''-'
however, a large short intrre't IN the market
either professional or accidental. II any dcpenu'hr
can b., placed on the apparent demand Tor STOCKS
in the loan crowd and on the rare. wii''I ar, 'N
mctTd Tor or , inrn a T is tsr e' .eng pressure
and the actual owner. of stocks aud bonds have
not been tempted even by til' recent ~ TO pait
with tlnir holdincs The CLOSING yesterday was
inclined 10 be heavy. for no b"tt"r reason, per
hans than that the favorable bank statement
had been discounted by the previons raily me
reaction WA not unnatural. ana moreover II was
probably produced hv mail trader, ana pIoIrN1
sional operators who lave recently controlled
largely the cour~ of prices. II somewhat W'ah III
Gnnres the closing wa. not lacking in confidence.
Following j. the usual table. giving the nlnFi
OF shares sold of all stocks. the highest lowest
and the final prices OF IN" week. together WIN
the final prizes Of a week agj. prriArd by til
average prices of September 10, le3!