New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-08-05

bination of capitalists, stringcncy is not to be
expected even for week or day.
| The latest financial idea promulgated
| in the interest Of financial INSTITUTIONS
DESTROYS of obtaining higher rates for money
and Of the bear ohoRs ecsIat oG 600 Of The
Treasury's surplus is now in the banks on de-
posit that il has only about Sl4,O0O,0OO appnca-
bic TO the, purchase OF bonds outside OF Inos so
egregious error, or misstatemcnt, never was put
forth The Treasury's surplus on August over
and above all its accrued Liabilities was SOD
600. 900 As the law stands the Secretary Is au-
thorzed to deposit all receipts except from GUS
toms in National banks, upon pledge OF Govern
ment bonds at such margin as he in his discretion
may demand. The Treasury may pay out OF IT'S
vaults for the purchase OF bonds the full amount
Of its available surplus, whatever that surplus
NAV amount TO, including its deposits IN bank;
So long as the net cash balances IN vaults ana
lis depcsits in bank added together
are equal to its accrued current in
terest and ordinary liablitie9 it Is within tne paie
of the law It's deposits in bank are as available
to H. for the payment of its bills as are those OF
a banker or q merchant. And the accumuiati? IONS
of per cents, amounting 70 sI2,VVp,Oou HnhIm
were offered to the Treasury last OctoDe, proUaDV
now exceed 81 600 000 and are still held, waiting
Government purchase $780,, A., oo,, .ordoa
toward lower rates until higher rates ITr sottS
in London appertanng to the monaUnS SILL tone
mcnts caused recovery and hrmer tone.
~ the close business E1 1s an %"' 4s7 qII
on the basis of 4o1 l-s amT There
were no cold exports, and the market rom tnis
this time forth is likely to be so fully supPneu WIN
commedoial bills as later Oh 10 CAUSE ." I'M
portation of gold.
RAILROAD EARNINGS.
Sixtv-eipbt railway companies or systems nave
reported their gross earnings for the third WICK IN
july OF which fifty three return gains on rnS
week Of sSs s syeRng 81 per- cent The
aggregate gain of the whole numper - 90 3; ~
or 729 per cent. For the fourth week IN 'u n.
them eight companies give an aveHge gam vi ~
/ 6 90 per cent, and one company lll0cKihg WI.
levi gives loss OF 230 per cent IheSe rcVG TI
only upon small increase IN the mlie a1a dfrer
subioined table divides the aggregates ana uIhcr-
enccs of the companies showing gains anu lOsseo
Juylsss l lSs 10, rIc s5go 5 "a 81
70 70 companies i55695S I4ils4o Dec l42o32 ol2
Total O 7s So 277 1p Sr ss5s5'fp Pr ~
4h week in Juylsss 3, ai so 1bc soe 1o6 10 o6
i8 ng va SgpcA 1000 $1,000 Dec. 1000 239t
Total. cos81 o45 FOG 81 s95 sle Inc s25o1oG 1913
A SMALL GENERAL ADVANCE.
The Stool, Exchange markets last week, despite
the usual strange bear stories refused 10 yleId III
values. The market was extremely uull, ~ J' a"
tbe total transactions in listed stocks amounted 10
only 666 685 shares. OF such business there
is little to be said except that 1t was almost
entirely professional. with the labor all eXerted
i'm favor of a depression in values. lhat uespile
the duness and manipulation against VARIES
there is established almost a universal ADVANCE
though genenlly it is small tells its own story
If theory and explanation could not make 1t
palmer that there is a scarcity of stocks in the
market and a large unliquidated short interest
As TO the general conditions which, sooner or
late. viii exert magic influence upon the
speculation, the last week has done. nothing but
develop improvements on the amazing prospects
Of week ago
Subioined is our usual table, giving the number
Of shares sold of all stocks, the highest lowest and
final prices of the week. together with the final
prices of a week ago, pretXed by the average prices
OF August A. 1888:
WEEKLY RAMON