New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-28
Total 80 co.'s Sc 90 il5s s5i3.GiG Dec N'~'-S9I u
THE WEEK IN WALL STREET,


Total 80 co.'s so22i45s s5.iscic Dec Sic'2S42 lib
THE WEEK IN WALL STREET.
Transactions in stocks last week amounted 70
1624,S96 shares. business Which co ,i -
voraby with the same week in preceding !ral9'
The movement of prices was eXtreinel! HINsui'.'
but at times the market assumed nuSh i'iya'
cheerful appearance. ard. in fact maj vaIla
lions were generally advances The business
was not well distributed ana American ousH,
Refining furnished mora than onc-louitl, az
with St Paul and Chicago Gas more t'ah ont ,
half OF the total transactions: ~ 10 "'r NJ N,,r
did the business reach Io.oVo snaies. ne ,@
tuations in American Sugar RennlnS WERE sul,i-
GENTLY rapid and wide to suit me most lds' i
GUS ra,oester Early In the week II sofa as 10"
as 92l. but It afterwaTd rose to loi 81 anu "s
l00s< il closed with coniarauNs "Na,i oore
nor cont This was a recovery OF ntte more
than one-half Of its loss In the preceuins W.
Sufficient reasons for the fluctuations "eIe az
fordcd. Of course. by the cIn'FaHIc'S S, - me
from Washington in regard to the rate OF , .ne
Tariff bill and particularly Of the sugar scheuue
IN that bill St Paul. which was the oniy ran
road stock at all active. was depressed ear! III
rho week but II rallied easily under purchases,
which apparently were chiefly for the snort az.
cnunt and II scored a fra! gain OF Us per ce,I'
Chicago Gas which was the ,h'ru si'C sond,ness
or activity moved upward with inuch s,eaulleSs,
and although 1t ended fracuonaliy peioW 's
highest point 1t recorded a final gain OF over D
ner cent Advances Of from to per cent W
,,madc nv such stocks as Western Union Man
haitian Railway and National Cordase me
the market was more active. II was al'ei az -"
narrow one. and the tr2clns was ai'H0' '
local and professional. , ,
! The most interesting incident OF the week was
the agreement between the railroad colhpa.aies
west OF Chicago to place the rate-lHoh'"e 49,
in the hands Of the presidents OF the
/ II is reported that at the Chicago meeths ti'S
/ agreement was adopted without amendment a ~
| Without a single dissent. Such action on tne
nart Of the Western railroad lines is OF 'he He!
first Importance. Whether the Inethou WIZ ~.
effective in maintaining rates ana prevent $50 So.
,t,,,c, rnmains 10 be seen There Is great
scarcity Of railway tonnage all over tne me-
! and prices OF products are unpreceuetitIH wv,
| Wheat last week sold at the lowest ILL., ~
| racor1 The law OF supply and demand may We
/ a more powerful influence than any compass 80
! between railroad officers. For inc heAt ,, Nv Nv
| months certainly railroad companies VIII pe
if,,alv IN secure all the business POSSIBLE eNeh
! n II does not always pay an ordinary pl .
An encoura ging feature in the IalIwa. 81 Iii 90
| Ia tho prospect that at last Congress VIII 30
| ,,,o1if,, Tho Interstate Commerce law that pooiIs
of competitive traffic will be pern''eu T 49,
| nrogress in this direction is reported 10 "eN 49,,
| made and no opposition TO the cnanBe mas '.rH
sa haon davelonad Such modification OF the
| law would go far toward enabling railway man
| ayers TO maintain profitable ana s1ao,e a,,na1od
Otba,-u,iea The work of Congress has proceedeu
! with exasperating slowness An end Oh ..e VIZ 70
| cuerion on the Tariff bill In the upper nouse 10
I believed to be near at hand, out lV' az .' :. is
I ,rar,fT hin may not soon become a law II i
| ali N remember that the bill adopted D! 'ns
senate will have to be returned 10 the house
! a conference committee Will be necessat! " ,Se
1be r,ea sure may be when II emerges from W
rooms Of this committee IT would De iii'Po''''''
to forecast $3.50, ,,,os on q come
,vbat smaller scale but the shipments in the week
exceeded 81. 900 1t was checked 10 an eNdon
by fail in the price OF !noney ~ ~ s,inmsnts.
,rhat reduced materially the pront IN shlP
and for that reason the amount when VEN ~
was smaller than had been expected: n.,,no
tionai exchange readily adapts I,sen g. tD,er mai
conditions and It would be rash 10 llie ,rb s,a
the check !s wholly a permanent o'i Ednna n
was 10 be sure some little buying ioi ~ -,
account last week, but on the eve Oh IN -,
att,i. sn,,icrnent In London II Is possible thaI
This buving was professiona! Us 'lr a.
SPECULATION In this market Inc WOMB ~" re.
ejaculation Of idle funds in all the money c1"'e
80 ,ha World prOves a lack OF lucratlNe ciIapOs
mont as well as a genera! abstinence y. ~ ~.
clol confidence Low rates TOT HioH'; "a I'd
work. ha We failed TO stimulate specui'io az e.
lo,N c,,r,.iae and there is no reason TO supper
| that the cheapness Of money In LONDON WI, .
~ immediate investment In American 10 ga
| The end Of our fiscal year liz cIose al '..,,
,r,,,s for tho expenditures Of the GoEerHi' ~,
! 800 evceeded the receipts by $nZSs'o''. ~
ose If expenditures in the present month i.ai
reached nearly $6OOOo" ahu ,, saiI ,,Ie short
: ~ $50 900 900 The Treasury's gold balance -
nov nearly s20O0000o below the lceai- ''niv' =,
80 and there Is no way in which inc sto, -, ~
Ia csn he replenished except by lresh 80
e. honds Imports Of merchandise az ti nno p1 h
Z iaet week were little more than @o'oVV.VOV' 90
sinaI'1S ~ an,ount approximately one-quarte
3 yvas in goods admitted free or GUY. - 80 ali
A., tirelv certain that Congress AZ VIE $500, 7,
. 49,. M relief 10 the Treasury Delar' nm. -
r. circumstances the next issue OF poi'ns an -
. ha Ices than Sl00.000.0Oo, and II the ou,l,om
q cold 10 Europe should continue an n,u
= eolr ,aLe no action on financial matters pfu
deDce might suggest that the Issue sho%,a %
+. double that amount There IS an NY Sit,
% tI q, tho country, and the new oIh w
. go 80 seem constantly 10 be gaining II speSls
iarreiy the expense Of the Treasury IL wy"
not therefore be necessary tor me ,,, any one
4 ,,s ,his comntry would have 10 be entirely on
~ ~ ,' from the conditions attending the sale
! February. .,,o o,,inr tho mum
7 s shares sold Of all stocks. the highest row
est and final prices Of the week t9Eehe nv W" N
0 the final prices Of week ,o aso' p''"NeN -
! average prices Of May q. 1893:
. RAILWAY STOCKS.
2 Actual Sales
: MAY No
5 81 High Low 20. May snar'
o l. lOM ~ y. Us =, IS