New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-15

II tho ,ost week the business situation showed
distinct improvement. In ADDITION 10 the Ia
,orabIe factors mentioned in the preceding para
or,nb an increased export demand for wheat
erd an EXPANSION in the iron industry furnished
strong bull points, which. however, were ig-
nored on the Stock Exchange. Other encourag-
ing factors were found in the subsistence OF the
yellow fever In the South, the more peacelui
outlook for a satisfactory solution OF t'ie CUBAN
question a favorable decision in the Alabama
Midland case and a victory for the anthracite
coal companies in the action brought by the
State under the Antitrust law passed by the
last LEGISLATURE. There is nothing to cause gen
eral reaction In the business and speculative
markets Wall Street Is giving itself unneces-
sary worry by wondering what Congress VIII
do and as consequence. there is disposition
TO restrict operations in the stock market FROM
the traders point OF view. Congress meets TOT
the sole purpose of enacting legislation harmful
to financial interests. 1t is unfortunate that
broader view Of the aims and purposes or Con-
grass does not prevail In Wall Street AS to the
coming session OF the National Legislature it is
hard 10 see how It's meeting can be made an
adverse market factor. Congress may even DO
something 10 cheer the traders weakening
spirits. 1t may pass pooling Dill. III Is s pc
lieyed in railroad circles that sincere EFFORT
will be made TO pass such measure. and I'M
portant interests believe that the next great
bull card in the stock market VIII De pased upon
favorable pooling legislation.
q Although bear operators continue 10 express
Confidence in their position, they develop little
courage. They are ;imid. They know that the
ranks Of the bulls are gradually growing. The
bulls are also tmd, but 1t will require only a
small amount Of aggressive buying with puDHc
support to transform them into active adVo-
Gates OF higher prices. Stocks are in strong
hands, and prices are at level when ATTRACTS
considerable buying by people VINO take sccurl-
ties out OF the Street to hold for investment
and for profits on future sales at higher prices
Probably there Is not much floating STOCK 10 De
absorbed The money market Is In conoltloh
Of extreme ease The International exchange
situation is favorable to this country. In the
week there was considerable buying OF stocks
known bull operators were prominent buyers,
while commission houses did small business
for people who recognized the worth Of securl-
ties and the advantage Of purchasing at the
ruling level The greater part or the week
trading, however. was purely OF a professional
nature, with prices at the close hlgher thdn d
week ago. The rally at the close or the week
helped oreate bull sentiment. and opinion was
general that the advance would go further, es-
pecially IL a favorable decision In the Nebraska
maximum rate case is rendered by the supreme
Court tomorrow. Sugar stock may 20 lower
Its movement. however. should not affect the
on the stock, and not adverse business develop
ments. Sugar has often cut loose from the rest
Of the market. Sugar at no. according 10
boardroom gossip. is not an impossbity BEFORE
the end OF the year
The movements Of the chief active stocks ana
bonds are given in the following tables:
STOCKS.