New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-30

House and the stocks sold Of the New.iork otock
Exchange for tho week Of three years compare %
follows:
S;' s::;:: e
GAINS IN RAILROAD EARNINGS.
Despite snow blockades and billiards. which
have prevailed during the last Two weeks through,
out the Northwest, West and Southwest, railroad
earnings generally return same gains on the large
traffic of last year. Including those printed below,
TIVE TRIBUNE has published the gross earnings
in January, giving an aggregate OF -, 7e5, 964
against $3,52S, 034 In the week of 1874 gain
OF S267, $50. or 7.59 per cent Also the earnings
OF forty companies for the third week OF January
giving aggregate OF S2,l0S,352 against So
141,ll2 in the week Of II S7-a gain Of S57230.
or $50 per cent and that in spite OF such import
Milwaukee and st. Paul; Sea- $50 by the Louis.
vile and Nashville: 81 1895 By the Texas and
and ss 2s3 by St. Paul and Duluth. The net
earnings for December are coming in ms fayorably
as expected; out OF seventeen companies that
have reported, only five fall to show gains on
December 1886 The Pennsylvania because Of
its enormous expenditures, was expected to re.
turn a decrease, but Notwithstanding it charged
operating expenses with $751; 600 more than in
December 1885 and $3.50, 600 more than in
December 1885. It's net for the month was only
81 900 less than in sss. and was $4,000 greater
than in 1885 OF its leased lines the northwestern
system gave increase in gross OF S234, I4O an
increase In operating exp nses oil o. ~
4i6; and "a gain in net OF $500 H. !;
|
gross Of sl2LS13. an increase IN expenses OF
81 80. 946, and a decrease in net Of sl7.073 Erie
for the same reason as Pennsylvania returns
loss of Ss6, 7s1 for the month. and of 81 )2'457
for the quarter: but the net for the quarter IS
1870, 900 in excess of first charges On the 0ther
hand, the Philadelphia and Reading Railroad ana
Coal and Iron Company comes in with an increase
of s360.s4O, or 1875 per cent in the gross and
500: 1875. or 1916 per cent in the net earnings
and Norfolk and Western turns In a gain OF 52
per cent in gloss and of 100 per cent In net,
The principal feature OF the Stock Exchange
markets last week was the still increasing demand
for railway bonds. A small portion Of that
business however is now being don" at the boards:
the larger transactions and better prices there
are simply reflections OF the extraordinary bu--
! ness being done over counters Tho TRANSACTIONS
in stocks amounted only to 904 OIL shares against
s4S, 1888 shares for the preceding week But par
| ring bear" attack on Monday and Tucsday
! there was steady and continuous hardening, OF
! values There nothing OF a speculative
booming character about the dealings. Coca
buyers wanted stocks. and the supply was small.
| Both great and little traders contested the adj
vances that the relative speculative situation
probably is not much changed from week ago.
| The bears" are as active as ever IN trying 70
discourage buying, and to induce selling ny rea,
holders but the efforts are reduced to the quill
and to chin" week ago the bear organ
printed that there then was no short interest 10
to precipitate selling Of stocks. The same au-
thority to-day prints "The change in the mar
kct was significantly shown by the complete ces-
| sation In the borrowing demand for stocks; Inc
| first day of the week the demand was very large
| bv the end of the week it was difficult to find
any one who wanted to borrow AS a matter
| of fact, the demand to borrow stocks on Friday
| the last borrow and loan day-was more urgent
! than any preceding dav in the week. Let
them tell it, the present bear manipulators OF the
/ speculation have always covered at the lowest
| point and s Id AZ the highest price of every
| huctuatiOn during the last six months On
Wednesday there was just 90 shares of Missouri
! Pacific sold at SO SIS but would not dare
to assert that every share of the shorts in 1t
was not covered at that extreme figure. But
the weekly advances have not been made on the
existence of " bear interest or on its covering .
! II there had been bull" leader prices would
! have spun on the short" interest a long time
ago Some operators beginning to realize
that stocks are and that it is easier to Sell
! phantoms than il is to recover them.
Subioined is our usual table, including the num-
Der of shares sold of all stocks. highest lowest
and final together with the final prices of week
ago, prelixed by the prices of January 20, 1887:
WEEKLY RANGE.