New-York tribune., 1896-11-16

IN Inc Clearing House vaults increasing the
11ioui1I 1nn m now held on deposit to above $S O00
Wv" me treasury has also gained a substantial
a,,ou'I, Vi the precious metal, the net gold bal
unce at the end of the week showing an in
rrease T,. from the preceding week of Sf9Ji, ,2J9.
tnis increase has been made despite the re-
I.o'i vi the Snb-Treasury 70 take gold in eX-
change Tor legal tenders. the gain being due to
the receipts of assay Office checks paid through
M .ne clearing House. Bank clearings advanced
" per cent in the week and compared with the
average total in the last four preceding weeks.
'he gam was - per cent October railway
earnings, now about all reported made the poor
es, showing Of any corresponding month in a
numDer or years but they reflected ante-elec-
tion conditions and did not represent the condi-
tions now prevailing
The average of prices in the stock market has
not yet over-discounted the good results Of
the National election. II may be remembered
mat the public has taken practically no interest
IN the market for number Of years: that the
pu!lnS power has been extremely limited. and
that there has been no advance which could not
be checked by the manipulation of professional
bear traders. There was in the last week most
convincing proof that the public was heavily in
terested in the security market by the des-
perate but unsuccessful forts made by OPP
orators for lower prices TO force declines. To
such operators. who for q long time have had
everything their own way, the present market
has been disappointment. and something of an
enigma. To those who calculated upon forcing
out long holdings in order to acquire them
themselves at their figures the week was
prolific of dissatisfaction and defeat. The
bear element did not calculate upon such sud
den and powerful support to security values.
and in its manoeuvres it indicated a lack Of
proper realization of the great changes brought
about by Mr. McKinleys election. Efforts to
bring on reaction We're pronounced all the week
but on only one day were they ar all successful
London continued to exhibit no buying activity
in the stock market. possibly on account OF
nigh money rates there but bankers with Eu-
ropean connections report an increasing friend
Iy attitude To our securities. and through these
houses number of sales of American securi-
ties have already been made. while Ii is ex
pected that a part Of the NewYork City bonds
recently awarded TO large Wall Street
house Will find ready purchasers abroad. The
magnificent response to the city bond offerings
was one of the most striking features OF the
week. as showing the return Of confidence and
the eagerness of investors to find employment
for their idle funds. \ New-YOrk City 3i2 per
cent gold bond is a prime investment. and so
also are thOus lnds of other conservative Sc
curities which the public is now buying. In the
railway bond market the inquiry has been large
and total sales for the week on the stock EX-
change represented in par value SlJ.3i2oW
against 14.I0J.WD in the preceding week and
81 U6OoO in the week before that. Sales of
stock for the week were $50. 40 shares against
2.OWOO1 in the preceding week. and 1.2G1,9lo
two weeks ago The wheat market made
other price record for the year in the week. and
exports of wheat and flour from both coasts
We're the heaviest for any one week since the
second week in September. 1S93 The increase
over the preceding week was 1.2OO.OOO bushels,
General merchandise exports for the week
week year ago. while imports showed an In
crease of about SlOoWD
The following tables show the movements OF
the chief active stocks and bonds In the week
compared with their closing prices week ago:
STOCKS.