New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-03
TILE MONETARY SITUATION.

Last week the exports of gold from the port Of
Hew-York amounted 20 s3,3s6, 900. The full
amount Of this gold was withdrawn from the
banks on Friday without any effect upon the
money markets Of that day, because, rs the
bank statement clearly demonstrated, the receipts
of money from the interior during the week were
even In excess OF the amount OF gold exports
These movements are natural TO the season OF the
year. and New-York simply acts as clearing
house in the settlement Of inde bedness contracted
by American consumers extending all over the
country for foreign products, exactly as late In
the year il will be receiving from Europe the
payment for American products and forwarding
such proportion Of IL as belongs TO the Sonth ana
West The money markets during the week
ruled universally easy 2a2 12 per cent for call
loans while time loans have ruled at IL 70
per cent according 20 date Of maturity ana class
OF borrowers and collaterab The higher rhte
named. however is for loans ranging from four
months 10 the remainder Of the year. The for
eign exchanges were firm during the whole week.
closing sreT Tao The rate
for sterling has hardly warranted inc
recent exports Of gold AN. and nearly nearly f Hlr
French and other Continental accounts, the ex-
changes between the Continent and London being
such that the operations have been made without
loss As is shown by the Treasury statements
IL is accommodating money, while refusing 70 pur.
chase>Sondb at prices equivalent TO those which
il paid early In April. namely, sos for the l-2
cents and INV 1Or the = per CcHus pIJHOukh
In the meantime two months interest has accrued
RAILROAD EARNINGS
The Tribune has printed the gross earnings for
the third week Of May OF siXty-three railroad
COMPANIES or systems, and the comparisons with
the e. ySS5s have reported
gains on the week OF 1888 averaging l246 per
cent, and only fourteen have reported losses
sversgng 5 gsF cent e.a ne The table
divide the aggregates and differences OF the com.
panies, showing gains and losses
cssa an May U.s. los 5 inc.
Ii cSmpsnss.... sS0i74 71e'257 Dec. 6O,9o7 elS
Total ss co.'s sos, 7s2 s42SSS7e Inc, ssSs,IO4 s.ss
THE WEEK IN THE STOCK MARKET.
Bv the intervention OF the Decoration Day
holiday the business OF the stock Exchange last
precede the usual Saturday half-holiday 70
certain extent led operators TO act on Thursday
as n IL were the last day OF the week.
Hence average operators began their usual
weekly realizations carly In the week, which had
the effect OF checking advances and causing moo
crate reactions. Added 10 that there came reports
from the West Of threatened T ESeUGo
sf '' against the lumber, ~; rates s., TO- t., the
nothing was heard OF IL In the latter part OF the
week but before IL had been forgotten, tho Bur-
lington and Northern and It's manage ment ngain
sought rotorietS by announcing q REDUCTION OF
horn. route, known ss the Soc Line" But
Notwithstanding the influences at work, which
were exaggerated TO their usual extent the re-
actions in the granger stocks at no time were
equal 10 those when might be expected ON simple
realizatons after the rapid advances Of the pre-
cding ten days. The capacity Of the 500 Lane
70 handle either freight or passengers is limited
that the business which 10 might gain by carrying
| for nothing would hardly be missed by the hrge
/ lines. But where the speculative disposition
with managcments predominates. ny npon the
eartwheel Is rs good for sn excuse as broken
On Friday morning the danger Of a war seemed