New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-09-21

lnurSuAy Sept- %O--p III
The Tribune has printed the gross earnings
for the second week of September of forty rail
way companies or systems OF the total TWEEN
ty-four companies have shown gains averaging
1924 per cent on the week of 1887 and six-
teen have shown losses averaging 1928 per cent,
the whole giving gain averaging 5.13 per cent
We also have published the gross earnings of
ffty-four companies or systems for the first week
of September giving gain averaging 3.33 per
cent OF the total thirty-four have shown gains
averaging 95s per cent, and twenty losses aver
aging 9.9l per cent These figures, like the
comparison of the whole of this year, speak OF the
volume of traffic moving and are strong lndlca-
tons of mismanagemen against many railway
official at the West. The figures tell the story
they are both witnesses and briefs before the
court of public opinion. The extenuating plea OF
additional mileage is child's talk No one expects
a new branch, INTO new territory, 10 earn I'M
mediately as much per mile as the parent stem
The percentage of increase in mileage Is much
below that of the reckless cut IN rates. ne
following table gives the aggregates ana dilor-
ences separately OF the companies or systems
showing gains and losses
Second week OF Scpt-les7. ISIS differences PCT
lyenyiour cos a. % Inc $50 " 90 3
Total 40 co.'s g. 1893 cos 50 5oL 100 Inc sl7l 51a
bstvour cos zoe e2o Sc 9G5 57s Inc $3.50 s5s 95s
twenty co.'s. I,27s4os 115l,sel Dec. 12o,o27 99l
Total 81 co.'s 1854 7os iIl743i Inc. sIs27 2e 1913
To-dav's stock market reflected a halt called
in the excitement which Yesterday threatened 10
run wild For the fist time IN over a year there
were indications OF leadership on the pun SIDE
IA concentration OF previously scattered inte:-
ests And it that leadership which called
the halt 1t was done IN London four hours
before our markets opened In London 81; Paul
opened the equivalent of IA per cent below
New-YorlI's Yesterdays last price. And here 1t
opened at 81 Ia, against 6s IA last evening.
he extreme range OF the day was 6s 1-S-66 is
and it closed at 66 Is. There was much shrewd-
ness exhibited in this manipulation on the bulI
side. 1t checked a movement which, if left to
run, mi ght have ended dsastrously 10 many out
standing contracts. and it lulled the bears
into feeling of security so that after little
hesitation they resumed Their methods ana at
tackled the other grangers" In their minds
and IN their predictions they passed or reduced
the forthcoming dividend on Rock Island, and
sold the stock of from lO5 - to 100 81, ana
were persistent in their attack on Northwest
ern that, after it had sold up to ll3 IL, they
sold il back TO it's opening fgurc-l12 a. Now
the fiscal year Of Rock Island ends on March 81,
and of Northwestern on May 81 so the public
have been informed what were the results to
those companies of their last years business,
which included all the worst part Of the severe
competition started by, the Burlington and
Ea5ncy Company line Rock ls 4%n car cap,
Of $3.50 1913 after paying per cent on It's stock,
and the Northwestern carried over surplus of
81 300, 600 after paying dividends OF per cent
on its preferred and per cent on its common
stock. These matters that have passed. and
the prices of the stocks have discounted all of
that bad year. Before the company now Is the
largest tonnage it ever handied-one Tor WHICH
lis equipment viii prove Inadequate and be
SIDES that there is a certainty of restored rates.
When j. s Morgan. of London. speaks as the
representative of $50, 000 600 of the common stock
of the ~. Paul Company 10 its management. II
will be with an authority that must be needed.
The firm will speak. The Eastern trunk lines
ruled firm Generally the market closed feverish.
THE DAY IN TIE BOND MARKET.
The Treasury to-day purchased $3.50, 90 IS
and lbs up to $50 and lG7 Is. The local
market was dull, with nominal quotations as
follows: