New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-29

cain # SiGa,j50. or lO1 pei cent. 1t las
printed also the gross earnings OF SIM r,
companies for the second week IN MAY. nc
whole number shows IN increase OF "a Per cent
ro %eS I" May 80 ac go 9s 1870
10 companies 49,. l2al.9.6 l.lG3523 Dec. 0o4oo ID
Total 10 CO.'S $3.50 aSs s5,ocs,797 Inc e'c2''' io1
80 co %gS 22t s. sl Insssod ois 81
To,I g. co % ois 7sI so oj3 722 lac. 9oi "a
THE WEEK AT THE STOCK EXCHANGE.
Speculation in stocks last week was iangnil
and irregular. but as rule th' tciiucHcN Va
prices was downward, ana tue GlosinS r, W. nav
settled at nearly the lowest points. MS may
have been the natural sequence 10 me shaIP
rally in the preceding week Hprcuia.ir S,, .nr,
mcnt certainly was not confident, bnt tnpr' WfIe
no conditions tending toward Il pane no s'il"'H
d;sturb.nca is likely to occur. bat IN the absence
of confidence, both here and abroad a Sill ip p
level NAV be reached. Financial CONDITIONS nav nav
NOT been changed materially. and. although money
is extremely easy in Wall Street. the mercantile
distress has not been relieved. Imports of mr.
chan(i.r qlc gradually falling of. ana u" cNpor'S
incrcasnq but the balance OF trade - it-'l.
against this county. and the outwari movement
Of oold continues Unless the selling of Am'fi-
can sccmiti,s by Europe shall. by some means. D.
checked there is every reason TO suppos" 'Ai,
exports of the precious metal may be c'nri!n"n
ON the same large scale Tor At ieas' ah"ih''
month They have been Sufficient again 10 r'"uc'
the stock of eoll in 'e iTG tt Sod Go 10 romg
mo tba Treasury in tho ordinary cours" Of bu
ness and as It's mex holdings OF oid Hgli-'t"ni
notes have fallen below S5.000.nOO, no lr'Sh ~
changes for cold may lie made, The infringement
of the : 100. 900 900 reserve has excited no ul-
casincss. but further exports of gold VIII draw
upon it heavily Inc YVES, n >o ,hn ar,
administration threatened. AMI II j. repor'ei 'Ild'
Anne prominent members OF Congress nav "'T
converted IN regard to the PerhIciouS cme S , l..
thn present Silver law. Pumors OF an cary
session of Congress sufficient 70 rc'N' coz
Gdcnce in London. and on Thursday ml',r ,ic
iumors were coniradicten tIi% Gr" r,,,nr oG IN
Mira session of Congress WAS sufficient 7" caup
an advance in prcc-, il may readily br III me-.
what the actual repeal 81 'hr HhlnI'n 49,
law would accomplish. Unfortunately the runoTS
we're not correct. and no extra session l. likely
TO he called before October. an! 1t Is Wi'hh 'l'
Iangc of possibility that It may nor he H,r. a.
that time Ii is said by friends Of the ADMINS
ration that no session will b. held unlc'' NIll-
Gent votes in favor of the rcpca! oil the S"N'r
bill shall have been secured :,,;
Who ;hc restrictions oi credii ana thc crlplI'a.
of trade are undoubtedly due 10 the pi"T,i'
financial policy OF IN" 6oV"rnhloh' anu VIZ
tLe exports of gold are caused partly by i, ne
stock market ought not To be greatly affected.
Prices Of many leading stocks are from ~ IN :"
Ter cent lower than they wcr" ai ne SAM
time year ago here !, No G %an h Li,a' BEEN
increasing and that in many instances the supp,
Of floating stock in the market mas p"h r''i",''
At the same time II must not D" oVeFloo"''
cued Is, the strinGencY oi money ana IN" recent
decline in prices Many examples hay" been
furnished in the last week OF institutions a.
we'll AS individuals vino passed through sue,
cessvely what hes been called the indlls'fial
manic. and yet. under more favorable rrrim-
stances have been forced 10 succhllp' ia" ,"llc
urn of an ey-Sccre'ary of the Treasury ana ol
several banks in different parts of the country are
illustrations !, m
The most important event Of tn" w"i lln @ ln-
thc r.orcar;zaiion Of the Richmond and N",t
Point Terminal Railway. The stock, ana oohn'
OF this comrlny and, IN iart 81 an ,i.' o",,-
NAMES affected by the plan. declined Sharply. m'- |
cauee hodcrs considered the terms "Nfraol IuHrlN
severe They NAV have been hard. but: in most
respects. they were cNccr,In@N JuS'i; "'L 49,, |
nlan Will be- accomplished there Il l'ilr d"Hpi'
altLouol opposition hy some classes Of -ccnrI-
lie. rs bccn threatened II j. to be rceictici
on some accounts that similar plan ior me re- !
oreamjzation of the Philadelphia and reading
Railroad might not II" adopted lh'l'f" "l ,
that. a proposal for the Issue Of S"".DV"'o"'
new bonds 10y that company '9- pccn hi"r "il
the details Of the scheme are promised 10 p'
made public early thi, Week. Nnie f"'dln4
stock was not especially acuve. II was u''
Pressed. and closirg al nearly ~, lowest pom
frrcd a loss OF IA per cent ~" neon" pnl',
ON which full interest declared AZ In" D.
ginning Of the weir were Affected III IN" sane
way and Yesterday Nh" iir~ts sold az 3'a9', VIII"
the thirds fell as low p 90 -. and AT the
close rallied only TO ~ TN" most active stock
in the entire list was Dstilhns and Cattle fr.,d-
ing 1t moved up and down. according 10 IHr
whim of its speculative directors. and, after
srIling AZ Is. advanced 10 10 "a. and q; + 81
ended with a final gain Of per cent. ihr cary
decline was caused by the Withdrawal rom ~"
company Of scveral important dstller's
The advance is popularity supposed TO have re-
suited from purchases by inside interests 10 cover
previous sales. 1t has been Suggested that Ia"
ltoct Exchange should take some acton in r."
card 10 the manipulation OF this stoc K. Bat the
task would be an extremely difficult one. ana
probably the governing committee would h"Slt3'"
10 draw the line. even at TIE outrageous de-
ception which appears TO have been prnct:~ Fd by
r' Of TINS rora n. An" ATTENTION. ''r a@t
week was General Electric.
The decline in 1t was 80 persistent mai "hat
was practically an official statement ABOUT line
affairs Of the company was considered NECESSARY.
IL was stated. IN eject, tl.at with III" recent
sale of some OF its Treasury assets, the compdnr
had on hand aboat s].50O.o00. whl!r t. pirs-
inc liabilities were not over SjOO,GOo ~" stare
ment was followed promptly by fuIthci He'
cline not only in The stock. but III the :, per
ront debenture bonds. I'm spite Of the ralij OF
about per cent from l's lowest riG's. 'lm nr
cent Although the selling Nds donc pflhclptIIF
by brokers usually Identified with the bear lac
ton it is absull to suppose that tbs continuous
An encouraging incident WAS the advance IN us
dividend hate by the Consolidated Gas Company
IF this city. While the incr"as" from TO pr
ent year considered hardly corsonant with
the conservative management OF the company, IN"
,ction had IA beneficial influence, and the stock
nent it retained ii 1-2 per cent Strangely
nough the action Of the Ncw-iork company also
the pric" Of Chicago Gas, hat IN TINS
,ase the improvement was not retained and IN"
took suffered q small dcclIpe. la general rail
way shares rested the common movement ana
with the exception Of Reading and New England
he final dec lIn,.s in these stocks were only about
: per cent. In amoS; every even these
osses were made Yesterday. For tbs relative
strength there WAS excellent Joason III the I'M
d owed earnings. both gross ard ret, which the
aIlway companies are reporting.
Following is our usual table. glvine the numbcr
# shares sold Of all stocks, the highest, lowest
md the final prices Of the week, together with
he final nIic1, OF q voel; AGO. prclXed by the