New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-02

The Government price for the per cent bonds is
now 81; there is little doubt that after the pay
ment Of the January interest the price VIII ne
reduced the full amount Of the quarters interest
or 10 126.
The price of the l-2 per cents tomorrow
probably will he l04 5-S instead of los 3d. az
which il has ruled since the last interest payment
made three months ago. In view of these facts ana
probabilities it seems TO be reasonable to expect
that holders Of bonds other than National banks
will also be stimulated to realize present figures
upon their investments. Looking at the subject
in any light IT must be assumed that the effect
is to enlarge the amount of legal money IN gen
eral circulation 80 the extent of the dlnerchce
between Government cash deposits and the market
value Of the bonds. and so far as 1t induces SAFES
by other than depository banks, the full amount
of the market value of the bonds
The full effect Of the manipulation OF the pre-
cediH week by the locking up OF certified checiis
was made evident on last Monday when at the
Stock Exchange, and there only. rate Tor money
of 20 per cent was recorded Tor balances. Etnni,
the remainder of the week the rates nj the STOCK
Exchange were irregular, but on every day eN-
cepting Friday there were unused balances Oh
fered at per cent or even lower rates, oh ~
day, when because Of the rules OF the Stock En-
change a certain amount Of balances Is always
withheld from the market. which IN TINS lhs'aace
was practically the last day OF the month ai,er
the business generally had been done at . Lao
per cent the closing rate was made 10 per GEM.
Again edrect attention TO the fact that the rlIcs
made at the Stock Exchange for daily balances
hardly affect the average OF the rates when "rso
Stock Exchange firms get upon their loans. A.,
The foreign exchanges were dun durlns ,;o ons
whole week, and there was no change ID
worthy of mention For the moment the sltu;.i VI;
seems to be controlled by the monetary conui.ihGi
in London While rates for money still remain Will,
"A per cent OF the banks minimum rate nI
last weekly statement of the Bank oil Els i'll
showed q gain in specie OF t3l ,OOO anu .' ,ono
ccntage of reserve to liabilities was ralseu ,un
40 "a to 4338 per cent, against an auN az ,rccr
40 % TO Al 27 per cent in the Corresponds tho
of last year. when the rate OF dlscouRtr va
same as now per cent. The Bank OF "a 90
holdings of gold now amo ,har % 40 1855. The
RanR of France holds fj1 529;s 4I' asnlnS-
81 10 aga 432 and the Imperial BANK oI 80 FAR
holds G25 933 1874, against ESQ ropeon hanks
rs the conditions of the princpa, hurop. esom for
| 90 noncerned there seems TO be no reason ~;
anxiety about monetary affairs at nome ro @s Is
Hnenccd bv European CONDITIONS puS , nd
r,ora active in Europe as well as al nolne' a na
| there is better employment lot capuu u '""'
has been for the last TWO or ,nIro -"
RAILROAD EARNINGS
~, ua;,roads Of the country generally continue
30 ,enort large gains in gross etrhIhEo Oh ~ nv
business of Ss8 And such returns DIS refsnuS
have been mad Of net earnings make eIsn nlo on
Tavorable comparisons than do those OF me erosS
.arninos The Tribune has printed the gross earn
ings for the second week Of November oil siAl
comnanies or systems, giving an aggregate eain
of ssl 1881, or Ia per cent. Only nine con p"iii,s
Of tho Number rported decrease IL h'S dkv
nrinted the gross earnings for the third week oil
pptty-two companies or systems, giving an aggrcc
gate gain of s520,915, or 1l.3 per cent, al" Vi
the last only nine companies repofteo iosSee.
Tho subjoned tables divide the aggregates and amer
cnces OF the companies showing gains and losses: .
Cd week in Nov sss ~ ls sS AGO Inc s3s 52s is7
c SUmpShs' sG6$S5 54O74S Dec. s5,@7 "a
rotsl SO co.'s sos 127 se,O27iOs Inc sSl7ssl 40
% GO M sse sS Inc s5s S5 1 g.