New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-08-20
TurRspAY, Aug. 1872. N.

..,,. stock Exchange this morning evcry.nns On
..n, the money market was painted IN vern'"o" 49,
: "a an came IA with booming" quotations. 'o"S 49,
-, market opened. All the reports OF yes'0'""'
galway meeting were OF the most favorao'e .n"'ao
-, ,ns implied confession that rates had oeen Gu"
eAoop' .,,,,on IN " restore and hereafter MAINTAIN
+" commemorative foreign BROKERAGE hrm caieu 10
Sc ,.re. Of Central and Hudson stock when " nad
,oa,ed ont with the public announcement 'na' WI"
..o,,red for shipment to Europe. ana the Pu"iio"'
:, the Northwestern earnings for the second week VI
.su. showing q gain Of sl07,so0 ON the corresponu
o., wses of 1888 was made at unusually early hour
roucnlne the earnings Of railways TINS week 'epo,
a.. furnishes remarkably fair sample OF
an, ss,ncsnce of all gains being reported on inc
corresponding period OF 1885 and 1854. EA'" VI
oe over IS per cent in the gross earnings
comp.ny is a mattor OF no little Importance. But !.
of equal Importance to understand upon what con','o
n, affairs that gain IL made and what before oAu ooo
~. declines upou which tho later gains are made On
.,,,st 10 1885, after the weeks report ma" ooe"
made showing a decline in the earnings OF s'''''
from the week OF 1854. tho price OF Northwest
,,n,ea betwcen 1929 and 1883 and money was
drug at per ccut. To-day the prices rH"S'
1l2lo and ll3ls But to back to 1888 W" una 'n"'
the Northwestern Company earned gross u, 60 o,o
week OF August. with 5000 miles o' 'o" -,
.ca,rs, . o7 600 now with 3,9is miles OF roa" 'A'"
d.. mar mile in the week OF 1888 were $751; "R'"''
sl2G per mile last week. and the hrs' cuA'te' w. ~
~ road are now much larger than they were III 1850
The market opened "e1citcd" aud from y TO per
n, higher than last evenings closing figures In nVo
npute. after the opening the peculiar feature OF tho
,.rket wa. It's supreme dulness Later thcre was
,agg,nx movement which carried prices back ho"r 10
Yesterdays last figures and later still recovery was
made and then after per'od VI u"'
90. inst before the close nrther
aI,arca was established. The days TRANSACTIONS
npt.a only to 1888 shares against 4o6 7os shares
,eri.y The local market aud II Continues 10 oe
Hned within small circle OF professional opoIAo
90 aver-is becoming accustomed to a odo per ecu.
,nonay rate but IL yet takes no account Oh .no
,nsr nrices which been based upon ga pc
o. money require read justuent 20 meet "hist'ps
Tor money which may safely lie Calculated uPo" ~,
nearv m. remainder OF the year. Even oo'rl""s
lids feel the effect OF the higher rates Ior
orc I'm reduced demand not because OF scA " ,.
dence hut necause al asking prioes tney are 700
a ner cent money market aud for the same Ie"s"" .
re-, cl,ss of railway bqnds are less sought ior !" '
,en, ouotatiop. Except that some lew STOCKS naNe
- WI mon The market there are no ihucatiohs
r., the sneculatye situation Is materially chaueeu
trn,n what II has for two montha Inc phik Oh
t,ry stocks are beld by rch men aLd the prices are
n.rained by them pending market whch Is hopcu or'
d., IN n,ure. to days market closed strong.
1,ovs rment bonds dull and somewhat Irregular
a, ,nne. lie Abs easy and the bids TOT the As
xcre advanced g Per cent Annexed are the CLOSING
quotations.