New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-29
THE FINANCIAL SITUATION.

I1iE FINANCIAL SlIUAIlON.
There is little to be said concerning the none
tary situation last week, further tlan that the
conditions were what had been confidently antici-
pated in this column. No matter how abundant
money may be, it is entitled to some rem Ineration
for its Last week the call loan market ruled
at per cent. Time loans were inactive simply
because of lack of demand in speculative circles;
but they were obtainablc at to i-2 per cent
on mixed cOllaterals. In Europe the tendency
in all financial circles was toward ease, and in
London the rate for discounts in the open market
declined to IA to 1-2 per cent, although the
bank continued tn maintain its minimum rate at
per cent. The foreign exchanges were quiet
and easy. with marked weakness developed FOR
short bills. At the close the rates for business
a basis Of 81 "a and 81 81 IA respec-
lively for long and short sterling.
RAILROAD EARNINGS
Subjoined we give our usual review of the
latest railroad earnings reported, both gross and
net We have so frequently explained how three
or four important companies contribute largely to
the losses in net earnings and materially affect
the average of the whole, that it is not necessary
to repeat ID again. 1t, however, should be remem
berc when the aggregate of losses is referred to in
other quarters for speculative effect
The following tables divide the aggregates and
the differences Of companies showing gains or
losses
81 cCs "Ve. saos2 So s343osa1 Inc. $$l525s 10 g
Tots C5 Co.'S % 1921 1874 So 8l2,87o Inc slsO7l5 s5a
g Sc issgSi 44ssS4 Dec bee fG9ssi s5s
Total. AZ Co.'S s8s2se15 eso.so as Inc si15,41s aoa
& sss sjsi 5s s! saSs5 fS55
Total z Cos i0079ac2 Dec 81 OOi gss $50
% Co. e. g. ss7 bs 'as Sss 2s
Total Of Co.'S s5,s794so s4,oi7OO7 Dec s4s2,42o sOi
Included in the above table of September net
earnings are the following detailed statements:
PENNSYLVANIA.
SSs:sss ss5Ss ss5sss
Net earnings si,8lG535 si,758la5 sl,o55,44I
Western lines
Co. sl.ss7.ses s2os7,5ea s2o4oo7s
Gross o esnin 1Ss saesseess e41o5se7t s4as5eo7s
Operating expenses 23,S9i,451 26030,0i9 2s,0Jo9il
Net earnings sl2,97l,83a l4123, 655 sl4, SooOs5
Western lines 9243e 2o4s4
Nu western SSnl' lines ncs' 77c,5o5
Net for months s12 $40 1916 s15so6 900 GA SOL
I PHILADELPHIA AND READING.
Including Coal and Iron Co.
S5 s INCENSE; sS sGss
Net earnings s688,559 sl,2e2854 s9ai,7Ol
Dec. to Sept. 30 1ssS'ss. 1sss,'s7: 1ss7,ss
SGSss Earnings EXPENSES
Net earnings for 10
months =. -. s4,651,530 s9,S15,6S6 s7,73Ss62 |
Included In the operating expenses for the last
months is S440147 credited sinking And against coal
mined.
NORFOLK AND WESTERN.
Months Of Sept
Number of miles 81 533 55t !
Gross earnings $3.50 224 s404,724 s430,2i1 I
Operating expenses 1880 2ls,410 262,477 !
Net earnings s137.S54 SlSG,305 e167,74 |
Jan 10 Sept. 30
Gross earnings s23f2 300 s3oO4,304 g. 594. 800 |
Operating expenses 1922 l7 1,794,004 2135Si5 /
Net earning for .
months -. s919,9s3 s1,210,297 s1,39s. 554 |
A VAIN STRUGGLE ON THE STOCK EN- |
CHANGE
Last week witnessed another struggle at the !
Stock Exchange. The fighting, however, as in |
the preceding week, all one side, with a