New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-03-12

Setarns ~ u,eSsne wes favorabIy have the
printed the earnings Of sever NE MlgnE hae
! ssS and from January to March 7,Es2,5i0 in
| Of So 646,301, against So, 66S,446: Ld&rsete
the week S60s0l, or 8 l,2 per cent ana 'or ~
two months and one week, S2S,I47 The STRIKE
on the Chicago, Burlington and Quincy road ex-
plains why Denver and Rio Grsnde gives q loss
Of $50, 0G0, St. Louis and San Francisco, loss
Of s2l, 700, and St. Paul loss OF ssyss, ,nstead
Of all showing gain over the first week OF March,
ss7. The proposition that a strike ON one ROAD
helps others where all are so interlocscd and con-
tnaay interchanging fright Is too ao shat t lSs
earnings Of all the Western roads would snncr
from the strike. The returns received Saturday
justify that proposition
/ WHAT THE STOCK MARKET DID. Z
The STOCK market last week was more active
than IL has been during preceding weeks, simply
and solely because the uncertainties OF the result
Of the engineers strike induced larger trading
between local and Board-room scaipers. The sales
Of Listed stocks ut the Stock Exchange Tor the
week amounted TO l,367,927 shares, against $780,
400 shares Tor the preceding week The general
sentiment OF traders was byariSh' Ia the en-
treme, and they were favored by true and false
rcports TO the actual situation. Neither bulls
hUr bears nor investors TN the long Side noE
the yoar-ago investors on the snort side OF tho
market, went home q single night without grave
doubIs to the mode by which they odd return TO
business the next day. The actual ; tdaIon Was bad
enough TO discourage any one from spcculating or
investing on tue long side and TO encourage tho
old shorts" TO increase their lines and force tho
fight. The " shorts were materially increased and
there were several attempts made TO force tho
fight. There not in sight single spccu-
ative resistance; and yet all stocks offered. real
under the immediate conditions must be regarded
as small The sellers are known: the buying
seems to be an unknown factor. Added to the
correct reports thcr was rather more than the usual
complement OF false or aginary reports Europe
was said TO he largD seller. Few brokers have
seen any surplus stock and The foreign exchanges
ruled last week hardly firm they did the
preceding week. In the condition Of our COM
mcrcal balances IL is hard to believe that any
large return Of American securities from Europe
would not quickly advance foreign exchange to
the gold export point although it is easy to
comprehend with tie present rulings Of the Eu.
ropean money markets that even in that event
A dead SET was made Erie stock and IL was
said that the company was in need OF money and
proposed to issue 81 1000, 900 Of new bonds. On
Friday. with sales of $4,000. shares, the pricc
declined TO % 3-s and closed NJ % 7-e against
% IA Thursday. Yesterday with sales Of 900
shares. the price recovered to % lta23 is. Since
then it has been ALPHABETICALLY printed: There
were rumors Friday about the Erie Company
issuing more bonds, which were officially de-
MED but these rumors did not start until after
considerable decline both in the stock and
bonds Nothing heard NJ Thorn two weeks
ago. hut in that period the second consols have
been, coming out In large quantities, and are down
such plentiful supply 10 derress the quotations
from about % 10 between % and % II is
PLAIN mat n was NOT rrlnayS runor~ Wnich
caused the depression. The Erie is Just skim
ming along close 70 the edge ~ IFS fixed charges,
and II business continues 10 fall off how long will
10 ne before IL needs more money y Now the
facts are Erie stock February s-a month ago
sold M 90 a and Erie seconds were 81 1-s on
January / yesterday they wore % IA. The
decline is 7-8 per cent and not per cent.
The Ere's statoment 70 January 81 shows Tor
The four months Of its fiscal year 1910 600 IN
excess ~ IT'S FIRST char9es-a decrease from the
same pcriod NJ the preceding year NJ Sss.OOo,
and an increase the year preceding that or
enough of TO offer u the public such chan IS
deserving OF extreme sympathy. Again ~ is
printed that The trunk lines had big business
last year but they are not getting IL this year ara
the prospects are that II VII nc e.nslderanly
worse before n Is hotter- Only ono ~ the trunk
rrarv and vet the forgoing quotation was printed
twcntv-four hours after the following was COM
mon property.
NEW YORK CENTRAL AND HUDSON RIVER ,o.
1889 issi lS Ss.,
E "DsS Of q Fem s22s7sss s245isi s2sssiss
jan 10 Feb Do. io52.9J4 6.63.I4l o,5VSlSi
The story about the coalers was TO the enect
that the Reading Company and the Lehigh de-
manded from the othIr coal districts the chance 10
make up their proportions OF allOments whlch
they had lost by strikes We regret to say tnat some
OF the coal otiicaS were instrumental IN relating
the story TO many persons with the pledge thao
1t should not become public or course no one
violated his pledge but nevertheless the story had
an early effect prices OF coal stocks. when.
however, ruled srong at some recoNerles from Iho
extreme declines The general market closed with
material declines for the week, but II closed stronx
in tone. -,
number Of shares sold Of all stocks. highest. low
est and fDal. together with the hna prices OF o
week ago, prefXed by the prices OF March l2'