New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-29


good erect Of syndicate selling Of our securities
abroad. For actual business. sterling quotations
were reduced oy only small fractions. me con-
dition Of this department Of the market IS East
passing nom an unnatural TO natu'd! con-
dltlon Appended are the quotations 81 fIluay,
which fairly represent the average Of the week:
s..,,r c Abe. Ions . III: Short S s5'5
G Ga,la:la l.... 80: :?5ia.. 90:
The Tribune has printed the gross earnings Of
s.Nty-nlne railroads. or systems, for me sccon n,
gains OF S247.363 or So per cent. and twenty nine
losses of s25@,o12, or % per cent. The wnoie
shows BOWS loss IF &C442 or OF per cent ..
The Tribune has also printed the gross earn.
week in April. Of which thirty-two return gains
O. Cog &oo or % per cent ana eiShtfen losses o,
OF $4I440, or 81 per cent.
RECAPITULATION.
80 s|Saa NIX IN Ag ad 9, ~ n D:Tnss; ,
% 5iSsss5 S 5Sss55i 25as3 %
Total 60 CO.'S; sa272aas se2oc.'So Doc. $40 ool
81 eSnpSaes g $500. sa27ca7o Inc s?77o7a 90
IS companie9... l7co5gl lo59.95i Dec. 1882 "a
Total 90 co.'s...st76se95 s4oio2's Inc Sii7.4s 81
on THE STOCK EXCHANGE.
Movements on the Stock Exchange last week
reflected. principally, the efforts o. III pot ssiol
al traders to bring about a reaction in prices; but
small success rewarded them The struggle be-
gan on Monday, bat an advance in wheat and
other staples were in opposition, ana beyond
causing an irregular closing the reaction was not
apparent On Tuesday, despite liberal realizing
sales. closing prices showed decided advances.
Quotations from abroad were a sustaining in
huence. On Wednesday some signs Of a re-
action appeared: indeed. owing TO the bad effect
of the failure Of alleged efforts to settle the
anthracite difficulties the reaction was declared
actually to have set in, and the marnet al the
close was down, and weak but active. Thurs
day the end of the downward movement
soon after the opening. and the last quotations
showed decided advances over Wednesday. Fri
day the market retained It's strength. no stocks
would come ont at the declines and the under
tsne during the last hour increased IN hrrnesS.
Yesterday there was no whir upward. as has
occurred often of late. unless the deCicd adj
VdnCeS IN some OF the l1Iustrlall come within
the definition. Everywhere the market showed
myth. and declines failed to bring stocks.
The rcaCtiOnists therefore must have been muCn
disappointed. They failed 10 take into account
the Increased confidence abroad in securities,
which is undoubtedly largely due to tn" pr"s"nct
and conversation in London Of Mr.. j. i. VI Ryan
of the syndicate. There seems To be no doubt
that he has assisted in d!sposing II large blocks
Of southern Railway bonds and stocks. and also
NcW-YOrk Central bonds and stocks. When ne
sailed for Europe II was intimated I'm tbs column
tina; Mr. Morgan would probably dispose ~
$50 900 900 Of our securities bcfOr" h" returned.
Already
least large sales. and conditions indicate that
tbs department i no longer giving the syndi-
cat" managers much trouble; they no Longer
have - "contr0l' IT, Another proof that the
power II control has been loosened little il
the temperance IN the money market Of big
syndicate banks. As one money bra Nrr puts II.
they arc tumbnC over one another In their
efforts - lend Rates fell decidedly ana money
was easy everywhere. This is different stu
alton from a few weeks ago. whom n" syndicate
banks would not lend at cess than per cent go
that foreign money could find profit In staying
horc in ;he shape Of eXchanc" loans. II IS by
steps ike this that the artificial CONDITION g
financial affairs in this community will b""om'
p natural healthy condition. Naturally inter
national specialuos like Louisville. -. iaul ana
Ncw-York Central hay" been strong
l. is unnecessary 10 c0!1Ig" upon the Foreign
buying in It's relation Il prices here. DOUBT =
less has already been i0timat"d. IN" bulk -
purchases in tho local exchange was for foreign
account. which explains why the market was
strong despite persistent efforts for rea ,ii1n
on the part Of those who could learn q l!tti"
home trading through brokers Offices uph'd-
ing factors also were strength IN the whea' ana
cotton markets cheerful crop news. optimistic
talk from railroad m"l generally. ana de'iafa p
tioas from all over the country nat business -
jmproving Moreover. railroad earnings. except
I'm Granger districts. improved "A little Oh per
cert We make -. and some Of the hig com
panes are increasing their expenses Wnl'h ihdi-
ca los that they distinctly sec tn" pr'spi't! "'ch
has been so long in coming. \ cheerful ic"i.ig
Is also awakened. among men who tax" Woo
view OF the financial situation. Th"y feel par
ticularlv encouraged for the future, Decdus" they
realize that prosperous times viii. Il themselves.
reply 10 the calamity, fall-n-price argument
Of the silver !nilatonists. and give the Poop" OF
colorado and neghborng states. for instance
something to do besides cIrsing the golden last
The weakest point IN tn" market was the an
thracite ituati0n. The opinion grows ltst mat
the princ!pal men VINO take part ia these discus
snns as - Readings dcman! flr u per cent OF
M. coal OUTPUT COR their man. ihhtOiS IN IN"
hackground) are simply working the SITUATION
I'm behalf Of margins rather than principles ana
tho Interests Of stockhol iera. TINS IS course
which Il condemned by many In IN" street bd'
followed bv more whenever they 60 "a thAh.'.
The last aspect Of the troubles On Friday lnGl-
Gated a coal war; but 1t is Impossible npt IL suS-
meet this phase ono more move IN me game
The movement Of prices for III" arthfd ,l'os FuS-
taIns this theory Such gains "s thcy nave
shown appear - be due % covering 81 shoI. :.
Despite their VIGOROUSLY bad condition, the
Changers were strong. The general hS' was
somewhat irrcgular. but low priced Stocks con-
tinucd active with buoyancy. The lndu'trals
manifested activity whenever the otHrr groups
wore dull Sugar. Tobacco ana Leather N''c
clovor,v manipulated - higher l"NelS fVeH IN"
v.oret Of them showed strength. The eh'i
gro,lp naturally u as unstable as wafer. me ~,
IoyinF "a bic condensed from our weekly fanIr
reflects the most conspicuous movements 81 inc
week:
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