New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-20
~ 'F0'"'o<O" FU'@"<'1JJ DC. *IS,TNT
TIE WEEK IN WALL STREET

There was an encouraging improvement in the
STOCK market last week The volume OF transac-
tons was heavier and the business
evenly and widely distributed. Although huctu-
atons were frequent the movement of prices was
toward higher level. and in the active stocks
final advances ranged from 10 over 6ia per cent
Inc largest gains a rule were made In the
Granger shares. although developments
lacking. Ii Is reasonable TO infer that large
part or the buying was for the short account. for
reports In regard 10 the corn crop were not more
promising. Tho declaration Of the regular divi-
dend by tho Chicago. Burlington and Quincy
Railroad gave. an impetus 10 that stock. and
moreover II excited an expectation that the d.
rectOrs of other Western companies would con-
Guide to maintain present rates Of dividends. In
fact II has been semi-ofcially announced that
the chicago. Milwaukee and st. Paul and the
Chicago. Rock Island and Pacific would make no
change in their dividend.
The stock market and the whole country have
settled into the belief that President Cleveland
Will sign the new Tariff bill. permit 1t TO be-
come a law by lapse Of time. 1t is too early to
perceive great Improvement In business even on
this theory, but merchants not only in NewYork.
but throughout the country. evidently pre-
pairing for large demand for goods to replenish
depleted stocks. Logically the President has only
course. and that Is to veto the bill. His
abrupt departure from Washington while Con-
gress was on the eve Of adJourning. furnishes
circumstantial evidence that he is planning one
of MS occasional surprises There was nothing
In the bill which was finally passed with which
he was not perfectly familiar. There was
so" If he purposed to approve the measure why
he should not have done so without days hest
tation Whether he signs or vetoes the bill the
condition Of the National finances remains un-
satisfactory. Receipts for special reasons have
been somewhat larger lately. but the expenditures
since the beginning Of the fiscal year exceed the
receipts by over $1,000 600 Moreover the money
that goes into the Treasury is gold. but paper
currency. With the large withdrawal Of spirits
and other merchandise II is dsCouragng that the
gold balance of the Treasury does not become
strengthened large part 81 the goods In
bonded warehouses undoubtedly has been paid
for. but Il Is fair TO assume that a considerable
amount has been shipped consignment. and
that as soon as the goods marketed
payment Will have to be made for them. That
payment will he only In gold. while for the
duties the Government receives an inferior
money
While the advance In stocks largest in
those In which there a heavy short interest
there was buying for investment most marked
in low priced securities. The upward movement
may not be continued with the same spirit bur
with the removal Of tariff agitation speculation
will revive
Following is the usual table giving the num-
Der Of shares sold OF all stocks. the highest. low
est and final prices % the week together with
the final prices Of a week ago. preiXcd by the
average prices Of August 10 1893.