New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-27

the week, there was no decline In local bull
sentiment. The signs Of healthy market were
present in the usual profit-taking sales, but no
recessionS OF Importance were made the last
prices for the week showing material advance
toward higher range of values. The broaden
Ing tendency OF the market was reflected in a
falling off In the dealings IN the speculative
risks and wider distribution Of business among
the legitimate investment shares
The Improvement in stock values reflects an
advance in industrial prosperity. According to
the reports made by commercial agencies, busi-
necs throughout the country Is on the up grade
and 1t Is encouraging to note Improvement in
market and the foreign exchange market. Pres
ent rates for foreign exchange do not permit
of gold shipments, and only>a small amount
OF gold went out In the week upon a special
transaction for Germany. This amount was for
Russian account, and 1T is supposed to be to
help that f to specie . zen
or nearly $50. 900 more than the Bank Of
France. With such amount Of gold 1t would
seem that specie payments In Russia would be
resumed at once, but such a task. however, is
difficult, and doubly so In country like Russia,
which at any moment may be engaged In con-
fict with other Powers The accumulation of
gold by the Bank of Russia in the last eyar has
amounted to over 100000, and 1t Is to be OBJ
served that the same gold-accumulating process
great Powers In showing where this gold has
come from, 1t Is appropriate to follow the move
ment Of the metal from here in the last few
years. the excess of exports over Imports since
1889 being over $212.ONo60O.
Ease In the money markets was mere pro-
cunced laet week. especially In commercial
paper the demand for which rose we'll above the
supply. Call money got as low as 2h per cent.
and the ease In rates stopped to an extent the
lending Of foreign capital in this market.
Railway earnings continue to Increase, and
railway congratulations are reaching completion.
The Northern Pacific reorganization plan was
declared operative on Friday, with over 80 per
cent Of all classes Of security holders accepting.
Further progress was made toward the reor-
ganization OF the Oregon Short Line and Utah
Northern. the Oregon Railway and Navigation,
the Chicago and Northern Pacific. the Norfolk
and Western, the ST. Louis and San Francisco.
the Detroit, Lansing and Northern, and the
st. Joseph and Grand Island The action now be-
Ing tried against the Joint Traffic Association
brought by the Interstate Commerce Commits
sion. in which II is sought to declare the asso-
interest In Wall Street. but causes no
serious fears as to the outcome Of the case.
Interests connected with the great railway
properties are taking an extremely enthusiastic
such sentiment is reflected In the course OF
stocks and bonds. There were various favorable
incidents which formed bull sentiment. and the
shorts were kept in constant fever of fear
and rushed 10 cover at the lightest kind of bull
pressure. Closing prices Of nearly every stock
showed a net advance from last Saturday,
among the chief active stocks the biggest
gains being made by Burlington. Missouri Pa
Gifts. Northern Pacific preferred. Western Union
and Sugar Refining. Sales in all stocks amounted
to 1894 444 shares. against 966420 In the preceding
week The railway bond market developed the
same buoyancy as In stocks, and exhibited An
excellent local and foreign demand for first
class issues. Government bonds were strong
and active the A. of 1925 closing at an advance
of about points.
The following tables show the movements in
the week Of the principal active stocks and
bonds: