New-York tribune., 1894-04-23
Total C4 COS Sc 7335 543 s. i6E'' Dec S'"f-N> H.
THE WEEK IN WALL STREET.

''14 81 sS1 ,s9 s Dec '2G S5Sss ass iSi S
Total ca CO... SC 7aa.54a s'7eo@'' Dec s9ct2S' Ill
THE WEEK IN WALL STREET.
Transactions in stocks last week amounted to
az 200 snares against 7Gl.716 in the preceding
o,L and I siq 1Gl in the corresponding week
last wear OF this business nearly one-haH WIS Was
furnished by three stocks, whicn were III "a -.
chicago Gas American Sugar RennlhE anu -
pam or these Chicago Gas closed only irac-
tonallv below It's highest point. with nnaI BdIn
OF 5is per cent. ana sugar hS"nins, i m''1( ~ ner
less buoyaut. recorded a final advance ol pr'
cent In both cases the course of prices uh-
doubtedly was influenced by skiliu specuia'Nc
manipulation. although in both cases tnt re-
,'r,eh earnings IF the companies justify higher
nrices for the stocks. These pracucaiY WeIT
the only advances Of any consequenre' anu "ni'
changes were generally declines Ea,H ,Hi,s T., an
week the market suffered renewed a''acNS o.'
the mar, of the bear faction and under thein -.
Paul declined about per cent, pu' on r,'uhS
one-half or ms los5 was recovered, ana me
rnal loss for the week less than per cent
The declines on Monday and Tuesday. in cons,-
o,iefc9 OF the shOr selling brought out no IieSh
supply of long stock, and In consequence sellers
were obliged t. repurchase al loss one - .rH-
son for the liscouragemcnt Of the pear lacIon
was The report Cf net earnings oi the company
for March. which. in spite OF Il hDaNN ucoI'.,r
a., cross earnings showed a slight gain in the
net earnings The statement was a surprise 10
others than short sellers, and the eXpIaha''on ~
Iho larg, reduction in working expenses anu III
their percentage To gross carhhgS was m"'
wholly satisfactory. -. Paul fairy repre-
sented the general movement. but larger io99's
were sustained by special and less proHlhrhI
etocks Ncw-England. for instance. was Gt-
pressed toward the close of the week pN .nc
semi-offical publication of the plan oi re- E,''''
zation which involves Assessment of $-o
share on the common stock. and, In marked con-
trast TO recent schemes Of reorganiZaton pr
vides that this assessment shaH receive h".nith
After a sharp break yesterday the st''t It'il'u
s. p.r cent but still closed with loss 81 - per
cent The stock marke opened c'mpara'iVey
active but there was a daily shrinkage IN D"sl-
.iViF Fl.slE
but the closing yesterday was rather heavy al
though not AZ the lowest prices.
Il IS possible that the speculative E'agna'ion ron
Is a sign Of health. At any rate. holders ol So
crri,ies show no uneasness, although theE are
also reluctant Il increase their burdens. l"e
extreme ease of money Is the prime factor III ','c
nroblern The surplus reserve in the city banks
IS steadily rising again, and now exceeds SN-vV'-
400 This IS IN spite of gold exports In the LAST
tw, weeks of about $700O0 00o which r'fec,cd no,
the trade balance between thiS counut Inu %
Europe but plain withdrawal Of foreign
capital. The pretext for the shipments was IN,
Offering of an extraordinarily large muhtiPdi
loan nv the city Of Paris Rates Of money eVeIy-
where are 80 low that II was profitable to WIN
draw money from the United States FOR invest
rnent in this loan While railroad ana other con
/ dltions superfcaly are not favorable 10 hieh"r
nriccs for stocks holders are unwilling T. sen
| for the simple reason that they c0uld no' op'un
/ remuneration for the diseEgaged funds kH,'S
/ for money were not affected bv the g"id snip
! monts partly because 1t IS expected mat the
/ outward movement has ceased. Al tne tdi'
time rates for sterling exchange remain compar-
IL. ..fs. . .s,t.fft al
! atiVely firm. and further Withdrawals "l 'dpl'i'
might follow any disturbances In this country.
/ II is not plain that this disturbance may no.
come from the labor troubles which are spring
ing up in almost every section of the country.
/ Th, jmprOVement In business which certainly
has occurred In some branches has enc0uraB"l
/ workingmen 10 demand partial restoration "i
/ wages and To resist any reduction. DurlnH
/ the hard times w-orkmen have accepted lower
/ wages and shorter time of employment. on the
/ tacit unders;a nding that with better times thcy
should receive full pay and constant employment
The strikes which have been in progress LOT s'N-
/ eral weeks are reported 10 be coming - an cnd,
i but a much more important strike was begun
Yesterday by the miners OF bituIeinOus coal. ana
. there IL no certainty that IL may not become
/ extensive. and in some respects disastrous y
+ movement which IL dali" assuming NOR" I'M
T portance IS the march 20 Washington Of so-called
' industrial armies II was small at hrst. anu
! was treated with common ridicule. Thc armies
were helped from one place 10 another thr"uHh
: Indifference or fear They We're chcer"d on 'helT
course by the communities which fed them, ap-
parently with the hope simply OF being rd of
/ thon II is Of no consequence whether these
/ ARMIES are composed OF honest wOrlJngmen out
I % -, ,a,,,,an, or ~ professional trarnps. The
l temporizing policy which to save trouble en-
/ cniIrared the movement will bring It's own pun
+ iehment Disorders Of this kind should ne re-
pressed without hesitation, and. " necessary! py
/ military force The influence OF even the IaIlHl
T success which has attended the movement may
not be measured. and perhaps the Withdrawn OF
f foreign capital in the last two weeks may nave
been caused not so much by the city OF Phfis
loan as by the fear that the labor troubles IN
this country were becoming dangerous 10 all
vested interests.
following is the usual table, giving the num-
her Of shares sold Of all stocks, the hiRnes', low
est and final prices OF the week together with
the final prices Of a week ago. prefixed by the
average prices Of April p. lS93:
THE WEEKLY RANGE.