New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-16
EASE TX THE MONEY MARINER.

The money markets Of the whole country
experiencing the that n usual to she ss''>sa
OF the year, and 1t could not have been cA l~ced
10 be otherwise when the general circulation or
legal money " over 81 OF 900. 006 grcater than 1t
wSs year ago. At New-ior< the RITES for loans
have been well maintained despite the tarsc iutffiN
OF rnony from the interior Call loans during the
week averaged 4a4 l-2 per cent: time loans were
abundant at per cent and commercial paivr WIS
IN m good demand Vt 5a6 per cent Ain9nest tho
ruled at about 90 cents premium, aud at Chiehsu
at 20 cents premium, and the South has ceased
to draw money from New-YorlS. The foreiga
exchanges ruled strong and active Tor the marks
early IN the week. but for Saturdays steamer the
market was easier owing 70 a Tree supply "
bankers bills drawn against outgoing securities.
and rates closed OH the basis OF 81 50 and 81 56 2
respectively for long and short sterling. The
Bank OF England on Thursday reduced u.s. rate
Of discount from to l-2 per cert against ;
per cent year ago. and the rate in Lond0n's
open market declined 10 IL per cent.
The Chronicle, prints a table Of the gross
earnings Of "a railroads in the month ~ tcrcu-
Der, giving All aggregate of $50 233. 642 against
s26277,240 In December isS6-a gain VI 81.
956402, or lf.29 per cent with gain IN the
mileage Of only So per cent or the total number
percentage OF gain for the whole TO the rate
named "The Chronicle also prints table OF
llo railroads giving the gross esrnngs for the
in 1886, a gain Of s442l 3, 800, 1879 per cent.
One hundred and seven Of the companies showed
gains aggregating s44, 604, 7'3, and seven showed
losses aggregating s39l. 443 The principal LOSES
were by the Houston and Texas Central 81 eco,
Detroit. Lansing and Northern $500. Oregon
Greenville $4,000, Minneapolis and St LOUIS
$4,000, and Indianapolis, Decatur and SprIn.-
field $4,000. Including the reports given below
Tine TRIBUNE has printed the earnings for the
first week in January of A railroads: all but =
companies return good gains on the week or
1897 The aggregate Of the whole number IL
S2495.524 against S2,l36,335 in Ss7. gain ~
s359,lS9, or l6Sl per cent, Yet VIC, STU con-
tnue to read, we have read during the last six
months, that the earnings viii show large
In review OF the Stock Exchange markets. dur
ing the last week there is nothing 10 add % the
daily comments which have been printed here.
Duness and strengts were the general character
istics of the share market. A movement on the
part OF the " bears" TO cover carly IN the week
impaired degree Of activity ana advanced prices
then they sold again and prices yielded fraci0na.lv
only later TO gather strength without any ma
nipulative effort 10 that end. We have directed
attention TO the increasing activity in the rail-
way bond market. At the exchange tie business
done is limited by the small offerings. but the
dealers in new Issues report large business and
growing demand. The transactions in listed stocks
amounted TO 9S74O3 shares for the full week.
against g. 1904 shares for the preceding broken
week, and against 1,G52,77I shares in the week
OF 1ss1. On more than one occasion We have
remarked that brokers were partly responsible
for the stagnatiOn that SO long has ruled ~ the
Stock Exchange. 1t remains 10 be seen II sat
urdays bank statement VIII waken them 10 the
fact that money flows into and out of monetary
centres with regularity equal 20 Tho rising and
aiilhg OF the tides ana whether IN VIII enc"urHge
them 70 present 10 their clients hopeful views H.
stead of the dismal f0rebOdings 10 which they
for so long time have spread on their tables
In our Weekly Range we give the average
prices OF January 15 1887: perhaps a study OF
the diference-nearly all large decines-bctwecn
the prices Of one year ago and those Of last
Saturday, taken in connection with the preceding
paragraph On railroad earnings and added 70 tho
bank statement. might make a morning eye
opener more stimulating than the average OF the
concoctions Of New-st.
Subioined is our usual table OF the highest low
est and final prices and number Of shares sold ~
slxtye ght active or representative stocks together
with the final prices Of week ago, prenXed by
the prices OF January Is, 1887: