New-York tribune., 1895-07-29

REcAPITULATIoN.
: : 's B:' s: E!
Total ss cos. 81. .c2 co2 s. s2s ,s siseosc4 soS
- 50 s 81 81 Dec Dec sis s ~ -
Total A. co.'s. sa 77ooo5 s. los,i Inc ss2o.4os 90
ON THE STOCK EXCHANGE
The stock market was strong the greater part
of the week. but the trading was chiefly pro-
fessional and there were few developments of
any interest sufficient to affect stock values.
Several scare reports sent out by wheat-pit
bulls. but they had little or no influence upon
the stock market. The advices received from
the West. from the most intelligent observers.
state that the outlook remains favorable for
splendid harvest and there is every reason to
believe that the cereal export movement VIII not
be curtailed to any appreciate extent. AS lar
as corn Is concerned the yield thls year VII
probably be the largest In the history oi 'he
country. The reports from various sources on
the corn crop are enthusiastic over Its condition
and the early estimates are expected 10 pe .ai
surpassed when the harvest Is gathered. Inc
bear.sh crop reports which have been industr'-
ousy circulated from, time 10 time, nave heiped
pessimists on the foreign exchange SITUATION 10
predict n great scarcity Of grain Dllls resulting
in a continuance of the high rates for exchange.
There is no reason to suppose that grain piiis
will be scarce. and there are many lndlcdtuns
bills, and people who know anything AT all ABOUT
the crops are not concerned over the exchahse
situation. About the only bills In the market AT
present are those furnished by the syndicate
which has made no change In its rates, ana there
is little expectation OF a change until there are
more liberal offerings ~ commercial hills at rea-
sonable rates. The high rates are just as burdcn-
| some 10 the general public as they were week
ago. but little Is to be gained by gold shipments
and in the case OF merchants and others wno VA,
have not the connectiors abroad there Is no pront
| in shipping gold in preference to buying Diis
| The gold exports of the week were insignihcant
and had no effect upon prices OF stocks or sehti-
| ment The small bullion house which began to
| export gold In small amounts two weeks ago was
dissolved last week. and the end 81 tne urn
probably was the end OF the recent outward
| movement Of the precious metal. The demand
for remittance is light and there Is ltte business
doing In the foreign exchange market. Ihe sank
Of England reduced in the course of the week
its purchasing price for French napoleons ana
| Russian eagles. which may be OF significance on
! the future course of the foreign exchange market.
| Notwithstanding that this Is the dull season IN
trade circles there are evidences Of great ac-
tiviy at all trade centres and the Industrial STU
alton continues promising. The returns OF raii,
road earnings show marked Improvement anu
bank clearings, as compared with this period IN
1894 show a great expansion In business Inc
effort and determination OF the o'hcers or ,he
country's big trunk lines 10 stop rate-cutthS
and TO put the transportation business on mar
| rnonious basis is an encouraging feature IN tne
general situation. and from the progress ,naue
| last week at the several meetings or the trunk
! Line and Central Traffic Association oncers a
| satisfactory settlement may be looked for by the
fall The present earnings OF the oankrupt ran,
| road properties are especially encouraging, ana
, In the case Of Northern Pacific and Atchison lhe
latest returns are such al to inspire commence
| in the future of the systems. The reorganization
! OF bankrupt properties s making progress slowly
| but the Atchison Reorganization committee mas
| received under its plan deposits OF very iarse
majority Of all classes OF Its securities. ana '"o
| instalments have been paid. The Great North-
ern interests which would reorganize Northern
| Pacific on lines which wo.ld turn the Northern
thAr,, moi "a u
ing any particular progress with their ideas, ana
| II does not seem possible that the plan VIII sue
ceed. The interests which have been opposed 20
such plan and which believe In reorganizihe tne
property in the interests OF It's present owners
have a plan under consideration which mas re-
ceived the approval OF large holders OF its secu'n
ties and OF Representative bankers OF this CITY
The last earnings OF Northern Pacinc are sum
cient guarantee that the road has an earning
power sufficient to make II unnecessary lot IL 20
get protection from the Great Northern. W tne
reorxanized railway properties the Southern haii-
ways exhibit Of earnings for the nrst year snce
the organization Of this large system. which were
riven ont on Friday made a splendid showing
and demonstrated that the companys manage
ment Is such as to make the road one OF tne
great railroad systems In the country. In con
nection with the progress Of this company In the
South II Is interesting to note that at Norioih
Va 1t has secured from the City Councl per
mission for valuable deep-water terminal lacii-
ties at that port under lease running for thirty
Years. United States Cordage reorganization re-
mains unsettled. although the original Heorgan,
suficient deposits Of the first collateral trus'
bonds TO insure the success OF its plan or reor'
oanization Another plan was suggested IN the
week which is drawn on lines so as 10 'nake fa,.,
compromise between the Wateroury-sturs'
nIan and that Of the Be ndhoders Protective
Committee The plan OF the last naIned com
mittee has been underwrtten by syndicate:
The most interesting stock movement IN the
week was in the Granger shares. which reacnee aes
their highest prices since the panic year OF 1898
| Chicago and Northwestern excepted Shre"e
and Intelligent traders and investors do not lacl
Judgment in buying the Granger shares. ano
though current advances may not amount t'
much there is the greatest chance OF their sen
inf al high prices after the result OF tne narVes
has been determined st fau' "a an
per cent higher than they were this time las
| wear and the course OF Burlington IN tne ias
, two days OF the week cause "a many Preuie'TTh T"'
that the stock will soon sell above par i ~
South western Railroad shares were s1ong IL
| the week and improved Industrial cohditons ~
the Southwest were reflected In the increases u
the earnings Of these railroads VI thc ah,nra
c,te groun Heading was the most active and th
| movement in this stock footed UP eoou tota'
There were developments IN the ann lia'..o'
coal situation and repo 'ts from the taue siy"
| little change. One new factor was hoteu; nv
| ever and that was an improvement In the de
mand for coal for future use on account Oh ~
nresent low prices The banking interests whc'
i are supposed to be guiding the settlement o, III
Anthracite coal troubles and Reading reorgahiza
ton remain SILENT and the general Deiei ~ tIa
no announcement will be MADE untii ,he @ "a.
The Industrials were not so active iast weeh. wv
there were no conspicuous movements IN any
the eroup Chicago Gas continued the Ieauer u
point OF activity and there were some ihofea
lions of good buying In the stock There "er
no deyelopnents In Chicago about tnc piop'i'S
which according to it's officers Is earning pc
cent and is waiting for settlement OF us icsd
o status before dividends can be PAID.
5 The movements OF the principal active STOCK
in the week are given in the following table: