New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-13
Total ii co.'s. .s77sa. 7c2 sseso $40 Inc ssoi 90
ON THE STOCK EXCHANGE.

Transactions on the Stock Exchange IN po'h
stocks and bonds reached the largest total last
week since the days of the panic oil 1873 ana
on some days of the week there were PROB
ably larger sales of bonds than ever before in.
the history Of the Exchange. All the week the
market exhibited a marked activity. and even
in the two hours trading on Saturday, trans
actions reached large figures and last prices
were generally the highest for the week. The
conspicuous feature of the week was the heaNF
purchases of American securities for the foreign
account and this movement included not only
purchases of stock and bond issues which
ar. cIassed as the internatOnals. but also
issues which have seldom been bought for the
foreign account The vast Improvement in gen
cral trade conditions in the last month has
caused a decided change in the speculative
temper in Wall Street. and the investment pup
lie Of London and cities on the Continent mas
SO far recovered its confidence in American
securities that /; is sending over its money to
be placed in all kinds of American investment
properties The movement OF foreign capital
to this country in the last week has been ON
tremendous scale SO much so that II mas com
pletey demoralized foreign exchange. which
must be cassed as important factor o. the
present situation. By the operations OF the
bond syndicate abroad control has been go; OF
the foreign exchange market in way when
al
even precede the exports Of our staple products
to Europe.
The amount of securities recently placed
abroad runs up into many millions OF doliarS
and the successful placing In London of Ameri-
can railway and municipal bends 10y the head
Of the bond syndicate has been followed ny
unprecedented purchases of stocks ana bonhS
in the open market last week The eject OF ;"
much foreign buying In the market ndi us
logical result upon the rates for foreign ex-
change. the pressure Of drafts against securl,
ties placed abroad causing sharp breaks ana
declines l. also had pronounced eject upon
local traders whose transactions were h"hNy
Commission houses reported large business
and outside orders we're among the encouraging
features Of the market. Foreign buying IN
this market appears 10 have been also helped
by the fabulous sums the Europeans nave
made in the South African mine speculation
Local traders tried to cause reactions In th'
week and although there was a liberal realiz
ing OF profits the market sustained no material
losses. and at the close there were substantial
gains i'm the whole list stocks when nave
been practically reelected for the last TWO
years became active last week, and the low
price stocks and the properties sim IA process"
OF reorganization were Literally uh"'h IN. IN
tcrcsts Identified WITH bankrupt properties nave
taken the present time as good on" I" ad-
vance their quotations, and nav" mel Win no
small Success the Inference being that higher
prices for the stocks viii make holders more
reacv stocK ass"ss'p' re
The Granger shares were benefited by the ar
bltragc buying and by the favorable crop pros,
pccis In the West ana gains wri" made ~
good proportions. The anthra lite properties were
fairly active. especially IN The case ~ hch1ine
In which IN" transactions IN ~" week "",n'l'i
10 2Oi0g1 shares. and It's price advanced ~ per
cent In the week closing on Shiuf1it ~ "pf4
There were r"poiia current o. IN" cnc'i MAJ IN"
large transactions IA mir stock ini''hi'd 'h1"t'
~ control In tho property. ana II APPEARS fal' I"
assume that these reports hal som" ipundii"n
on account 81 the rciufal - ne company - -
cent In. terms II the proposed anihracii" agree
mrni There was u belief IN Hnip" quarters ln''
the control of ihc fOad wat benz 'Ihht"' ~
order t. settle the anthracite dlHicuiieT ch"sn.
prakp and ohio advanced On the announcement
| that Arrangements had been made 10 pa u hik'
amount Of iis AZ per cent bond. dbi'Ab HN
ison vas active. and ou larR" dealings hiN1n' a.
scoring for the week net gain of 80 per cent.
Western Union was higher 90 IN" eHi"ciau"h ~
a f,vnrablo quarterly statement. Amer an
Sugar Refining was strong all the week ne con
dition -; the market for the rchn'h p'puuVt 10
stronv ana several advances In the price nave r.
Gently been made In the Granger shdres Gam -,
Of per cen, were made by burlington anu D.
paul and the res. enjoyed substantial dnNan'en.
tn fnllowing condensed liable reflects the most
| Interesting stock movements In the W"eH'