New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-12
'0raI n co's.... s. 7GG.lN S5Olo,Ni3 Dec S'I0''
THE WEEK IN WALL STREET.

co4cllatiOn In stocks last week distinctly
more active. Reported transactions announce
10 N592 90J against $l.Oll.H5 in the preceding
week and >l729.6S6 in the corresponding week
last year. 10 be- sure, Il large part OF TINS III
crease was owing to the extreme activity IN
American Sugar Refining but outside OF inns
there was increased interest in the general liSt
The transactions in Sugar Refining amounted
10 over 40 per cent of the total business, ana III
four stocks they were nearly two-thirds of the
total but Of these two were railway stocks. Oh
the remarkable furry in sugar Refining when
occurred Tuesday, when the price OF the
stock in short time eXcltcdly rose IL per cent
and with equal rapidly fell back over per
cent. there has been as yet no satisfactory eN-
PLANTATION. 1t is not entirely certain that the
fluctuations were not the result or ACCIDENT
m her than speculative design. Ii is worthy
Of notice. however, that the transactions In the
stock were nearly twice as much as the amount
of outstanding common stock. and consequently
II may be inferred that there must have been
important changes in the ownership. As me IL
rectOrs Of the company, after the close or pusl-
ness yesterday. declared the regular dlNldehdS
on both classes Of stock II is reasonable 10 sup
pose that inside interests have probably acquired
again a large amount of the common STOCK ne
activity in Sugar Refining, and relatively IN some
of the Other industrial shares. was inspired by
the prospects OF tariff legislation NauohaI
Lead for instance, advanced quietly but stead
ily nearly per cent. and at the close retained
nearly the whole Of the Improvement DislllIihs
and Cattle Feeding was moderately active. Dut
its fluctuations were less wide. and its maj
gain only li2 per cent. General Eectrlc ana
ports from Washington but in the case OF the
first named. at least, the advance was due TO the
improved financial condition OF the company
The stock gained in the week pa per cent, Whlle
Chicago Gas gained over per cent. Much more
interesting and significant was the continued
strength Of Western railway stocks and es-
pecially OF the Granger shares. 50. PAU was
second only to Sugar Refining in point OF activ-
fly. and closing at nearly its highest point II
gained 2is per cent; while in Chicago. Burhng-
ton and quincy. which also was unusually active,
fr1l 4 Vel "A
vance in 81. Paul was due in part 10 the declara-
ltion Of the usual sem-annual dividend. because
it demonstrated the confidence Of the managers
of the road in an early Increase in traffic earn
ings. The other Granger shares moved sym
pathetically. Less prominent advances were re-
corded by AtchiSun and Philadelphia and Read
ing The last named stock was Influenced
chiefly by the payment Of the Speyer loan and
by the prospects OF an early adjustment OF the
affairs Of the company. In fact the entire mar
ket displayed reassuring strength and spirit. and
practically last prices were the highest for the
week
Foreign exchange remained extremely firm.
and although no exports of gold were made APP
parently il would require only small demand
for remittance 10 give Il sharp impetus 10 the
outward movement. Europe. however has not
sold largely Of American securities. although u
has shown NJ disposition 10 increase its hold
lings-the effect upon public opinion abroad OF
the proba bic passage by the Senate Of the Bland
bill for the coinage OF the silver segniOrage.
The Federal Senate certainly is tri1ing with the
National credit with other purpose than 10
accomplish some pONtCal gain. IL IL auinlltei
that the bill be passed through the Senate
whenever its friends choose to insist upon action.
1t is everywhere expected that the President
will veto 1t. but with the Wilson Tariff bill in
it's present position there Is the possibility of
deal between the Administration and Congress.
IT, however the veto power shall be exercised
after the passage Of the bill Europe Will natu-
rally argue that there was only one man % pre-
vent the adoption OF a measure unsOund in
finance and. In another sense. impOlitic. If. on
the other hand the bill should be allowed 10 be-
come law. II must delay indefinitely the rcsto-
ration Of confidence In Europe and the re-
cuperaton OF material prosperity here. In either
event the influence business and speculation
cannot fail 10 be extremely bad. 1t would have
been better perhaps. 10 have made an issue
of legal-tender notes which. as fiat money. would
be more desirable than the coinage Of something
which does not exist. SO far az the amount OF
money IL concerned IL IS but trliiing com
pared with the volume Of our present paper
currency and undoubtedly the country Will be
able 10 endure the addition. Europe may take
entirely different view OF the matter and
Withhold its savings and accumulations from
American railway securities. even II il should
not become so alarmed that II would part with
some Of its present holdings On any consldcra-
ton withdrawal Of foreign capita. there would
be no means CT preventing heavy shipments OF
gold
Following IS the usual table giving the mum
Der of shares sold Of all stocks. the highest, low
est and final prices OF the week. together with
the final prices of week ago. prefiyed by the
average prices Of March II, 1893: