New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-19
Total - .$Cl55.l5l s5ilo5Gi Dec s'35,5s7 1913
TIE WEEK IN NALL STREET..

Speculation in stocks appeared to be paralyzed
by the uncertainty about the action Of the Presi-
dent on the Segniorage bill The measure has
been adopted by large votes in both houses OF
Congress. and the alleged representatives Of the
people have approved a dishonest and foolish
measure. Il Is by no means impossible that the
bill will become Il Jaw. although the prcslcn.
VIII stultiiy himself either by signing or by al
lowing 1t 10 become Law without his 2cticn.
There ought to be ~ doubt as TO Nh1t he VIII
do. but at the same zine he has maintained an
unnecessary silence. because he could have sad
without formal notice from tho Senate th1t he
was opposed 10 such legislation The emergency
has become so great that petitions and resolutions
by Boards of Trade are considered necessary N
order to convince the President Of his public
duty. The only reason why he should permit the
bill to become a law Is political, but IL Is Il
question whether the advantage in this way VIII
not be upset by the dangers which such meas
urc would involve The argument that The in
na,lon Of the currency would result in higher
prices for stocks cannot be maintained. because
confidence in the stability of the National cur
rency will be disturbed In Europe. II no; here
An initiation Of the currency means higher prices
for many things. but the buying power e money
IS reduced exactly in proportion to the dcpre-
citation of the currency.
Exports Of god are naiur2i AMI reasonable
II Is rather SURPRISING ;hat the outward move
nent has not been larger. F. several weeks
rates OF exchange have been banging az unI ne
gold exporting point. end shirm";.. "'!d be
made without loss both II London ana hc CONT
nent This Is i'm spite OF TIE fact that. appar'nt
L. tho trade balance Is largely in favor ~ th.s
for the month Of February shows an excess or
merchandise exports OF over Sl630lOOO. against an
/ excess of imports in the same month last year ot
nearly 1000. For IN" eight months ~ the
fiscal wear the excess Of merchandise exports
exclusive of silver. falls little below $lAco'ooo
against less than 300GlOOO in the same period
IN the preceding ycar. -
Early in the week there was some buying OF
securities for European account. Ine actoh o.,
/ the Senate on Thursday checked this demand
and the unccrt ointy reasonable or not, about the
/ fate 0f thc ScgniOragc bill resulted in apathy
and declines. There sharp failing oil III me
/ volume of business ard only TWO stocks recorded
/ transactions above 100000 shares. American
/ Sugar Refining retained the first place ana II
+ fully recovered the dividend of 3 per cent.
/ Second only to i was 81. Pau, which gained It
7 little over ] per cent. A. q rule the tehorhc!
/ If priccs was upward. but last prices were con-
/ s3orably below the highest points. me IarS'S.
Gains were made by Spccialtcs Whlch are h't
/ usually active. IN The railway list M!SSou'i
/ Pacific on small Transactions advanced - P'i
/ cont for no better reason than that the company
/ had issued an excellent report OF its business IN
thc last year Atchison advanced on me thcprE
that the affairs &C. the company were lmprHVlnhs,
/ and email advances were made by othcr railloauS
+ IN the Southwest. tx options 20 the genera io-
vanc, were made by Ncw-Englahi' inlau',
uhia and Reading. and kichmond IeI'n l..', l. l.
p Fluctuations in the Industrial STOCKS ".t' WI
Int they were entirely dependent upon 'He p'''-
poets of tariff revision. 1890
Following is the usual table giving me num-
her Of shares sod # all stocks. the hiEn'sl !p"
/ es, and final prices If the week. together with
+ Tho final prices II a week aCo. piciINed by t"e
/ average prices Of March is. io'':