New-York tribune., 1879-04-12
THE MONEY MARKET.
FRIDAY, April I1-P. N.

| FRIDAY, April III
| The gross earnings of fourteen American rail-
ways for tho month of March. that are printed be-
low, make better comparison with the earnings OF
| the same month in 1873 than did the earnings
either for January or February; the total increase
for the month being $2S1,7O5, on an increased
mileage of $50 miles. This makes the earnings per
mile only $3 80 less than in 1878. But in order 70
comprehend the matter fully it is necessary to
anayze the table of earnings Eight of the roads
gained $43O,S15, and six Of them lost $l40.11O
Of the gains, the sum of $l12S4 was contributed
by five companies-the Atchson. Topeka and Santa
F6, Central Pacific. Hannibal and st. Joseph. Kan
sas Pacific and St. Louis. Kansas City and North
ern Railroads. The decrease in earnings for the
three months January to March 81, was only
$717. but this was the result of eight roads losing
81 600, 23J and of six roads gaining S99o,5lS.
Excepting Chicago and Alton, all the roads show
ing gains are the extreme Western and the Mis-
souri, companies The two companies showing the
greatest losses the Chicago and Northwest,
and Chicago, Milwaukee and st. Paul. 1t Is to bo
regretted that the list of earnings cannot include
those of any of the important Eastern companies
Central and Hudson, Erie, Lake Shore. Michigan
Central etc.; but these companies make no report,
and the Stock Exchange seems to have forgotten
one of its bylaws in regard to the matter, because
it had an excellent opportunity to enforce IL WIN
the Erie Company, when that company recently ap-
piled to have its second consolidated bonds placed
upon the regular list.
To-day-Good-F -Friday-baing observed at the EX-
changes as a holiday the week under review prac-
tically ended Yesterday At the Stock Exchange
the share specuations were pushed with great
vigor during the earlier part of the week. ana
higher prices were recorded for nearly the entire
ist of stocks The most prominent were the WIS
consin and coal stocks prices of which advanced
sharply Later there was reaction, so that at the
end Northwest common stock alone retained
its highest figures. although the majority
of stocks show final gains for the week ranging from
IL to l6s that for Northwest common being 3, ana
for the preferred 2l2 per cent The coal STOCKS
Chicago and Alton, Wabash, Hannibal and 81
Joseph, st. Louis, Kansas City and Northern Lake
shore aud Michigan Central, all lost more than
their earlier advances, and some OF them snow a
marked decline on the weeks business. The closing
out of the per cents that were opened for sub
scrption proved an incentive to the earlier specu-
lation, of which advantage was taken Dy some Oh
the larger operators to make large sales. The total
business for the five days amounted to oSS,20i
shares against 0I7 7G1i shares for the preceding full
week and 732, ,695 shares for the week preceding
that.
Touching the results of the recent meetings OF the
trunk line presidents. a report of which may be
found elsewhere, and which are expected TO have a
temporary effect the speculation IN stocks, we
are reminded of what occurred at Chicago on March
81 of last year. "The railroad managers and agents
of the trunk lines have adjusted their differences
and completed their appOrtiOnment OF frelght
making grain a special class, and fixing the rates
on the basis Of % cents from chicago
to New-York, and retaining the rate of 80
corts for fourth class Respecting the establish
ment now of the 20-ccnts rate on gram from
Chicago to New-York, it is asserted that the rali-
roads already are under contract Tor an the dust
ness likely to be done before the opening of nayi-
cation at rates as low as OF lower than 10 cents
but tho fact that interests 6he merchants or New
York most is that this new agreement does not 90
awav with tine discriminating rates against this
port This point IN all agreements seems to have
been the Only one that mas been faithfully Observed
WEEKLY RANGE OF PRICES.