New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-27
Total CO co.'s. So go i2s Sc. 49, Dec s62.G+4
TIE WEEK IN WALL STREET.

Transactions al the Stock Exchange last week
were not large. although special movements were
frequent and occasionally excited. The most
conspicuous feature Of the market was the reiuc-
tance OF holders OF securities TO sell the con-
sequence was that reary all stocks closed higher
than they did week ago. Among the Grange,
shares Chicago. Burlington and quincy gained
2 per cent, considerably more than recovering It's
dividend. and st. Paul and Rock Island maac
fractional gains. Much larger advances were
recorded by certain Industrial shares, OF when
American Tobacco and American Cotton on only
need be mentioned. The advance In tho Granger
stocks in direct conflict with the natuiai
conditions IL crop reports are at all trustworthy.
but 1t was due undoubtedly TO the existence OF
an unwieldly short interest. The Sensational,
movement OF the week occurred IN Dlstlllns anu
Cattle Feeding which was By all odds the most
active stock. On the first two days OF the week
II not specially prominent and on pom !.
closed with a fractional loss. On "Wednesday IL
was irregular but rose per cent. and on the
following day II quiet within range OF iess
than per cent. but at the end showed some I'M
provement On Friday II was strong through
out the day and closing at It's highest price,
scored gain Of PA per cent In the carry deai,
ings yesterday the stock was greatly exclted' anu
opening high fell abruptly about per cent from
it's highest point. and. in spite Of final rally
suffered n final loss Of 81 per cent. the change
for the week was gain Of less than per cent.
Speculation in this stock appears TO have Gull
minated with the heavy decline yesterday Inc
time necessary was snort because the cnange IN
the tax which the speculation is nased taKes
place tomorrow or not at all. Inc kindness vi
the President in allowing the fun limit OF time
to this company to withdraw It's goods from bond
was excessive, II he purposes TO allow the new
Tariff bill to become a law. About his acton
there is yet no positive evidence. The Treasury
naturally is making preparations to carry OUT
the provisions Of the tariff but II Is douDtiui
IL the Secretary himself knows that his LABOR Is
not vain BY the warmest friends or the "A
ministration II Is admitted that the fresldeft
will not sign the bill. but II Is popularity assumed
that he will allow II TO become law by lapse OF
time In that event there will be no question IN
regard to his position concerning Industrial trusts
BY his decision the Distilling and Cattle reed-
ing Company may be enabled to make large
profit and there was no reason WI! lhat W.
csion should not have been made known week
ago IT, on the contrary, the President concludes
10 show His independence. buyers OF Dislihhs
will be likely to regret their impetuosity.
The condition of the Federal Treasury SHOWS
some improvement, but not very much' Cash
balances have increased but only because OF the
Withdrawals of spirits from bond. Receipts thus
far this month have exceeded expenditures by
about &C. 7500 00 but since July ]. the beginning
of the fiscal year. the excess amounts 10 oiiy
& 900 900 What is unfortunate Is that the Treas.
urv receipts have consisted almost entirely or
naper currency. The Treasury Department de-
riyes some encoura cement from the small gam
in the gold balance and officially reported on
one day that nearly per cent OF the customs
duties paid at New-York was In gold This may
be a satisfactory showing, but 1t Is plain tnat II
will be long time. at this rate, pefore the
logal.tender reserve reaches the proper limit OF
800 100000.
Following IL the usual table giving the num-
her Of shares sold of all stocks, the highest low
est and final prices Of the week. toeetner WIZ
the final prices of a week ago. prenXed py inc
average prices Of August 26. 1893: