New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-22
tai 80 CO. 81 752. lol s475i. 800 Inc. So
ON THE STOCK EXCHANGE.


The characteristic feature Of the week in the
Stock Exchange the increase of popular con
fidence in an advance Of prices. This was plainly
the view Of large operators. and with them the
opinion is justified by the generally improving
condition Of the country. The little traders. the
talent" in no way concerned about general
conditions: it Is enough for them to believe that
their superiors in finance have determined on an
advance-that settles it for them, and these bears
Of short time ago, therefore. are the roaring
bulls Of the present Under such circumstances
IL need not be A matter Of wonder that. although
much of the news of the week discouraging,
it had little or no effect In a bull market all
news is good news. ~ apparent bearish in
huence was exerted by the very high point at
which foreign exchange stays; nor by the re-
newal OF the silver agitation. which is a distinct
menace against the stability of the few good
features Of our monetary system, as well as an
impediment in the way u investment OF Eastern
capital in the West and South; nor by the pass
ing Of the dividend OF Baltimore and Ohio. which
wise course. even If the amount required
was nearly earned. as suspected. by the curious
process Of advances to subsidiary lines nor
by the continued weakness and danger in the
anthracite situation; nor by the frightful traffic
returns OF some OF the railroads notably OF St
Paul None Of these things moves mo" cries
the average trader, VINO likes MS eyes OH HiSH'l
tendencies in cotton wheat. iron ana beef; on in
creasing confidence abroad in our securities, On
advancing wages in many Industries; on the
settlement Of the war in the East; on the *
pectation OF good crops: and above all. on the
rise in the stocks in his favorte market. And
all these traders, big and little. are right. Tn
less all signs fail. several years OF great pros
perity lie Immediately before this happy land.
Most Of the buying 50 far Is what may be called
legitimate speculation. People have not enough
money laid by, yet. 20 think much OF INCEST
ment buying.
1t follows that the market Of the week was
buoyant active. with interest well distributed
and higher prices for nearly everything oc-
casional sales for profit. aided by entrgeuc WORK
on the part Of few traders in behalf OF a
reaction now and then caused slightly lower
quotations. but the advance was only inter
rupted. Transactions on THURSDAY amounted ,
TO 323.23l shares and s3,0l3,OOO In bonds-the
heaviest for some weeks InternatlonaIS
were strong and London sentiment In our favor.
Much strength developed by the vanderbilt
properties-in Lake Shore. Michigan Central.
New-York Central and Canada southern The
Changers advanced, owing 10 belief In ther
future when crops are good. aided by inter
national support for St Paul. which. on Satur-
day. closed at 81. AS we have already inti-
mated, the anthracite coal situation Is point OF
danger; yet the coal properties have been suohg.
In Reading the movement for "a turn
manipulated by some clever spectators, VINO
understand the best way Of giving out pun
points The general railway list was active.
strong and higher the feature being the deal
ings in low priced stocks-Tennessee Coal ana
Iron. Southern railways: New-York ana New
England Ontario and Western. Wabash pre-
ferred, Lake Erie and Western, Pacihc MAJ.
Missouri Kansas and Texas preferred ToledQ
and Ohio Central, Hooking Valley Flint and
Pere Marquette and the IKE. For some OF these
no advance Is justified by legitimate conditions.
but that fact only slightly affects their sp"cu-
lative value The greatest advance for the week
I'm active stocks was made by Manhattan-4A net
10 1l7ll Baltimore and Ohio was weak. tut not
SO much so as might have been expected
The Industrials were less consplGuGus inan ,
often heretofore and they would bc still less deaIt
i'm If more people were wise. well informed ana
determined not 10 play into the hands OF un-
scrupulous gamblers. They have, however. sharca
in the general prosperity OF the moment thpugn
not steadily Attention was especially attracted
IN them during the week by the exposure % IN"
scheme to push up General Electric whlch me VI
rectors of the company wisely accomplishing Wneh
they discharged their committee from furthrr
consideration Of "A patents union with the WeS'.
inyhouse interests Silver was inactive, but lost
noint net to 81. The market yesterday was acuVc
and buovant as 1t has been on every SATURDAY
hut one OF late It's movements appeared 10 De
the natural outcome OF strong bulllSh sentiment.
The following condensed table reflects the MOST
conspicuous stock movements OF the week