New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-03-19

me nam. rscnanp-. Al the Neg-York Clearing:
llou,e .nd 1Io STOCKS soid AT 'he c"-ioin o,oeA
~ change Tor the wees "a tnrce years Co'"P"'o 10
follows:
week ending 2olss6. MrIolss7. Mar II SIS rs;
w t tP3s 81 33s s;3 '''-s sSs5:5
The money market easy throughout the
wees. On the r,sumptOn 81 business aiUer Inc
severe storm with winch the week began, tho
I rates for call loans rams 81 from - 10 pvT
, cent but IN the last half OF the week th'y leu
to u ana per cent Lime loans w,t' 'Iso
easier at to Il per cent Oh primo col,auvl,tl;;
b and 4 - to 3 on miscellaneous. Inc deinthi
for mercantile paper MAS light. but rates were
/ uuotCd at u 10 per cent Tor the Dt> names
i le storm caused no disturbance IN the money
market. and indeed the restriction OF business
tended 10 lessen the requirements Il oolu Oid"e
and speculation The anucipatlonS oil hiSher rates
OF interest on account of the approaching April
statement have not been aliled, ana a"houSh
there Is likely TO be the usual demand from the
East. incident 10 the season, the PREPARATION 10
meet IL viii probably prevent any thlhs IKE
strinrcncy The large SURPLUS held by the banks
is an assurance against excessive rates for money,
even II Congrcs, should delay still longer to invest
the Treasury with authority to buy bonds OUT oil
! the Government surplus ~" foreign exchanges
were rather weak. presumably III consequence OF
purchases OF American securities for European ac-
The Financial Chronicle prints the net earn
ings of sixtvonc railroads for january, ana the
result is moc unfavoable than had been expected co.
They were only So O67 SAP, against s762s'l33 for
the same month last year. decrease OF over ~
per cent The falling OF insults from an cx-
7 trnOrdna increase IN operating 'NlPH>rN, WV
gross earnings Of the Same roads showed slight
increase from last year The reports for the 'irSt
| week in March Of siXty.fve roads show n small
loss in gross earnings but me result may EG '"te
tribntablc TO the interruption Of business by the
| Burlington strike
TIE COURSE OF STOCKS.
The past week IN Wall Street Will be remem'
| bered chiehy for "A storm, heavy enough 10 MAKE
| necessary the closing Of the Stock EAchahSc Tor
Two days. Tho stock market had not luly r.
covered yesterday from the chccts OF the coi,p,co'
! interruption of telegraph und mail coniunuhicn,
| tions although the trading was iairly ac,Fc VA
| the two hours of business The decline D'suh %.
| Friday WAS continued In tho early deaiIns,' puO
| tho List hour was marked by greater confluence
which was aided by the publication OF The oaiN
statement In spite of the closing rally, however,
the last prices OF leading stocks were only shghtiy
above the lowest prices Tor the weeR'
| The heaviest declines were made by Union 10
cifc and Chicago, Burlington and Quincy, which
lost z 10 and 5-e per cent respectively W
the other stocks. which would be affected undoupt-
| edly by a spread of the labor troubles from INC
| burlington system, Missouri Pacific closed 81,
and the leading granger stocks about pcr ceiY
lower than week ago. Heading was uIpi ,S".
by selling apparently by dlsconten'eu moIuo, ,'
ana closed only IA above the lowest poiht WIN
final loss of "a per cent paC VIC "in and and
pi"lded only small fractions The declines in
Nsw1knoland Louis sille and Nashville and Rich
mond and West Point lernnai eH w., H. pu
! cont and Western Union reached that loss, put
tha cher declines were fractional Among the
| Sn,y shares that closed a little higher, Erie was
snccioIr conspicuous by u final gain of l.? per
in the 1Tn &c, condition d Gs sns
company would seem and 70 he recent sale of its ex
nress business will result it is believed to the
| advantage Of the company.
| In view Of the upfavorablc conditions that
| bovc attended stock Speculation during the past
week. the market has shown n remarkable degree
| of Inherent strcnpth The interruption OF busi-
| ness the labor troubles on Western railroads ana
the prolonged inactivity Of Congress IN regard to
needed financial legislation have been discouiagng
influences which would have excused much larger
declines than those that have occurred 80 far
az the Burlington strike il concerned. II might be