New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-09-06

GAINS IN RAILWAY EARNINGS.

Wednesday, Sept. Up n.
The Tribune has printed the gross earnings tos
the fourth week of August OF thirty railroad
companies systems. The average gain of the
whole number in the same week of 1857 is 100
per cent OF the number, twenty show gains
averaging 1885, per cent and ten show lose,
averaging G.G5 per cent The following table
divide, the aggregates and differences of the COM
panlcs showing gains and lOsss:
Fourth week in Aug 1857. 1sss Differences. pc
Twenty S.. s2O74 o93 20 ass ss Inc. S4I2Ogj i9s
Ten ecs.....,... l,sjOa59 i,727C9s Dee 1926 oc6
Total 30 co.'s s8925o52 "a 213 $50 Inc s2sss 735
The Chicago, Burlington and Quincy Company's
statement for July is the most remarkable oN-
hibit that this remarkable mana cement has yot
made. Ii shows net earnings for the month
SCI 1000 less than in July. 1882, and ssI3,O0O
less than in July. 1856. We now have reached
period which compares with the time when the
company commenced its cutting of rates " for the
purpose of establishing lasting peace among tine
Western lines" There has been general partial
restoration OF rates. and vet il seems that thI,
company still derives 10 benefit from it. Clearly
II now has become Al case OF mana cement, IN
which the hondhCldcrs of the company have am
interest only secondary TO ta' of IL, Stockholders,
In the seven months TO July 81 it, not carnin-,
were sj.3OO,0n0 less than IN the period OF
1887, and Sl,40O.Oo0 less than in 1856 The
statement for three years Is printed under Rail
road Earnings
LESS OF ACTIVITY IN STOCKS
To-day, stock market was less active than that
of yesterday. and the transactions amounted only
to 2i2,OOO shares. Nevert hclrss all the strength
was there. If there was some hesitation about
continuing purchases at the top If the late adj
vanccs, there was none Oh the part of holdci> -
To whether they should rcdllZr wait for h ghrr
prices. The dulncss invited bear
attack. which, after an carly further advance.
proved equal to the immense task of marking
prices off 5Sal-2 per cent from the highest figures
Of the morning But il was soon discovered that
there was only class of sellers and the de-
cline unmasked buying orders at the concessions.
So when the attempt was made 10 recover The
stocks which had been sold to test the market
there sharp recovery in values The action
of the Secretary of the Treasury in buying bond,
at material advances on his previous purchase
had nothing 10 do with the recently deNelor.t
strength. Before II WAS known that he Wonld
accept any Of the day offerings. prices had made
their full rccOvcrlcs. There, however. j. slgnli-
canoe IN the Sccrcarys action of to-day. II tell,
the bears" that the necessities of the political
situation VIII not permit the Administration I'D
play into their hands durng the next two months
Our General List shows that the whole mar
ket was almost unit in it, movements, - iht
there Il no necessity for comment on special al
ures. The general features the same a. they
have been for months; Il scarcity Of stock where
amy are wanted and waiting short interest.
which now. not daring TO attempt TO cover hopes
something dis astrouS viii occur Another Chicago
hire or freezing temperature from the lakes 10
the Gulf would he acceptable 10 the leading
operators at the Exchange The market closed
strong.
THE DAY IN THE BOND MARKET
The Treasury to day accepted S6l5O. 600 bonds
$4,000, 600 Il at 1919 and s2.l5o.000 lis at
LOG 81 This is an advance OF 81 per cent for
the As and is per cent for the l-2> over pr'N-
Gus purchases. The local MARKET was duh and
steady at quotations rs follows: