New-York tribune., 1889-12-23

hords 70 remember that during the last three
weeks the Treasury surplus mas rlia peen te""0'
nearly one-third by the purchase vi ponuS, y dod
Yesterdays bank statement 10 nc comp .s
,nrst no taken i'm connection with the statements
made for the preceding five or SIX weeks ~
evidence of a cling up OF money "rtIa the
was furnished by statements OF .nJ
ea rIier dates has received further collaterai
confirmation by the statements OF tne
last two weeks and particularly by tnat 9l yes,s s
day Where several weeks ago .eno, .ne could he
annearance of a large amount OF money couiu ~
arrcounted for on no other hypothesis IMAM ut'o ~,
il was withdrawn for speculative purp1S1&S, & o.
gains of the last two weeks whlch h'u % v'J. L 90
nrises TO superficial observers can 10" w o., "
Counted for only on the hypothesis tnat moncS
withdrawn and locked up is slowly being returned
to crculat on: c, ,i.ioo of tho money
ri,ot Lost week was an improvement upon that
of preceding weeks for the reason wnich we h"so w
stated-a return TO the market ol o DoN.p "s ,hpp
money Unquestonaby, by the opeIa'i.Jns . 10 barls o
Treasury and the interior movement, Ihe pdIIh'
were losers of money during the week hau Se., .
excepting upon one day, the u'hueh.y vi ,,o 80
was downward while per cent was 'ne colll,o" I,o
and acceptable rate for both can anu tlinS cr
II is nieasing TO note that the exports Oh shNcr
bullion last week exceeded 81 ,OOo oVV, ms hoI
being morey but merchandise, shouia , oe srnon auG
to the other exports OF merchandlse' tLo .occd
exchanges ruled rather firmer than III tle PIec.Iu
nr week q condition that usually aIuehus o'Ie
closing period of the year But WIN our IiSe @
exports of merchandise ana the contim~ ttnro 10
reason for the slightest apprehension LOT ail au-
vance in rates to anything Ike 10 golu eAPC, tn7
point They are now steady on the Dasis OIL % o.
and S4 s4 l-2 respectively for long ana shorI sici
lng-rates which nearer the specie l%lnPV % '.hS I
than the exporting points. In Londoh, @ wi.iie ,uc E
Bank of England's minimum rate Tor discount 10
Z per cent the same as it was one year ago, the
rate for discount in the open market now Is IL
per cent against IA per cent year ago, ana Ii'
bank of England's holding of gold bullion now Is
G300, 900 greater than year ago, ana thaU vi
the Bank Of France E10 100000 greater
RAILROAD EARNINGS.
The railroads continue to report large gains
upon their business Of last year, and at thIs the
last year the gross earnings generally were snow
ing gains upon the preceding year. Inc tribune
has printed the gross earnings of sNty-slN com
panies or systems for the first week in December,
which show aggregate gain OF S54l AIS, or 10
per cent upon the same week OF last year. Of the
total number, fifty compaf les have returned gains
averaging 1873 per cent, and sixteen companies
have returned losses averaging | l2 per cent. For
the second week of December fOrty-twO com"anes
or systems have returned gains aggregat ne S4Js-
80 or I21 per cent OF the number, thirty-sly
have returned gains averaging 80 per cent and
six companies have returned losses averaging
per cent.
The subjoined tables divide the aggregates and differ
cnces Of the companies showing gains a losses
Cd week IL Dec 1888 1889. Differences. p. c.
80 Companies So 220 1913 SO O56 s5ol 923 1j.5
8 companes....... 544772 5Oll59 Dec i36l3 80
Total 10 co.'s 9o5 81 220 215 Inc. si5s3i0 12l
First Dec