New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-02

trading remained UNCHANGED. The control OF
prices was held by professional spectators. and
consequently the most active, stocks were tl'ose
easily susceptible to manipulation. There was
at no tim, plain evidence of an outside inter.
est, and the buying occasionally for European
account was little morr than an arbitrage bust
ness. IL was admitted pn all sides that the reason
for the public apathy was the delay by the
Federal Senate in passing the Espeal bill in re-
IN regard no financial hl,slation has inter.
fercd with the general trade, rs well as with
speculation.
The favorable feature of the market in the latter
rai Of the week the we,kne.s OF the exchanges
on Europe. This served 10 prevent the danger Of
Immediate exports OF gold, which Were threatened
on Monday and carly on Tuesday. For exports
az this season there could be no reason. except the
Withdrawal of foreign capital. While the trade
balance may still BE- against this country the en-
ports OF mere. andisc probably exceeding the
mp0rtaions, add in the last loIi weeks experts
have been over >32, 100000 and the imports only
about S26,000,0jC. There is. moreover, ! wdc
New-iork II is =, wir ti.t ordinarily 1t would
the possible. withdrawals could only be. CAUSED
by doubt about the stability of olr. National
currency. The decline in exchange, witch occurred
toward tho end Of the week, was gladly wei
comcl for IN the existing circumstances the foreign
exchanges furnished Il y Lest and probably most
accurate barometer OF speculation. with some
few exceptions prices declined "a rates OF en-
change advanced, and improved promptly rs they
declined.
The industrial shares were the most active. but
the movements in them were IRREGULAR. American
Sugar Refining led the market in point of activity.
and closed with a gain for the week OF about
2 l-2 per cent. Chicago Gas. which was second,
fuctnatcd over q ron.e OF 4 por cent. but ended
virtually without .hanec Distilling and Cattle
Feeding advanced, partly IN consequence Of the
hope that the Ways and Means Committee wonlI
increase the tax on sphifs. but General Electric
declined steadily, and. although 1t closed con-
sderably above its lowest point. suffered a loss
Of per cent. Variations in railway shares
We're not much less irregular. st. Paul was the
only railway stock in which the transactions eX-
ceeded 10000 sh res, and II closed fractionay
lower While special stocks. like L1ckawdnna
gained 1-2 per cent, end Neg England about 3
per cent. on the othc: hand Louisville ana NASH
Vile was depressed by further issue OF 80 ,Oo0-
600 OF stock. Philadelphia and Reading and
Northern Pacific preferred lost over pr cent:
but otherwise the final changes were small and
divided. Tie adva"ce in Nr,y-England WAY on the
decision by the State Railroad Commission to
grant the company the privilege of extending its
line to the Harlem River. The decline III Reading
was due chiefly to the fact that the default i'll
payment Of the July interest has c,Dtinun SO lfn-
that foreclosure of the general mortgage Is pos
sible. and the subsequent recovery. 70 the belief
that some ARA gement would h. made 70 preven,
foreclosure. The closing was heavy. although the
bank statement was even more favorable thar. the
known movement of money had Indicated;
Following is the n-ual table giving me num-
Der of shares sold Of all stocks the highest, lowest
and the final prices Of the week. together with the
final prices of week ago, preiixcd by the average
prices of October l. 1892:
TIE GENERAL LIST