New-York tribune., 1890-01-27
'rha ~ product- ~ 10 ~t1t"- 1nd I'rII0II''
w,-t " tho Missouri R.fcf ">c,u..tc %
,r nfiii-1 Colunbi, and Wcrt Coast oi A"\i""
49, divided i- ~ follow:
TUE MONETARY SITUATION.

Their. Is uoihlng surprising ~ the NOV cmenta ol
la.t weeks money market. except 10 lhoSc PEI
sons who bad pcUnittcd themselves l" oc c"u-
Gated up 10 the point that tIc usual cpp anu ~"
OF money tls srdSon something NAV "''
unprecedented. sentiment uoie lhSn ~
acfual crudt IONS, which were Only na'uIdl 10 'hc
season OF the year, enabled conspiracy amoh5
certain banks and trust companies To- cohihih"
eNorbitaHt rates On loans al Tie Nloch LNtIi1h@''
There never the shSntcnl reason IoI Wv
cNistcuce of the sentiment: al nevertheless on"
exist and ignorance pMd the Pcha'N III a ~"
DAYS 25aiO per cent rstes lOl call loans. " r'ca
without saving that any hutncIdI lhSu'"uol
having mopcv 10 loan had Ii 10 loan al one rate
as well as another As WAS io!cSecn altcf 'hr
pas,ing Of taN days, the offerings ol bonus l." 1ho
Secretary Of The Treasury became excessive, :"
that on last Monday hc announced thdt Tor thr
present hc would purchase no more per ccl'A
Further than that the period mad arrived when
money was freely returning from the interior
And ri.h1 here let Us remark that the report OF
some seven o. eight banks Of ihclr shipment is
Ia or receipts from the interior are valuable only
rs they are indicative of what the general move
ment is. \ few bankers in the city receive ANA
shin as the occasion requires more currency than
al the banks combined. Hence the errors WAIch
frequently arise in estimating a bank slatcmcnt
by the aggrcgatc movements Of a few banks.
The money market naturally worked easy from
the beginning 10 the end Of the week, tlll banks
were pressing money on call at " per cent A. 'a
matter of course time loans also ruled easy, under
an abundant supply at from To II per cent
according TO date Of maturity ana class ol
colhtcrals offered. There has been nothing uI-
usual i'm the money market Of the last ninety
dovs excepting the cultivation and frultlon 0I
q sentiment which enabled - few conspiritors 10
evacf unwarrautcd and cNorbitaut ralcs Tor money.
The course of money since January ! furnishes
both the facts and the brief establishing thlS
theory.
Abroad the money markets. as ~ was 70 be eN-
pccird they would do after the conplrton ol th'
annual settlements. are working INTO easier con-
ditious Nevertheless. the Bank Of England sun
maintains The minimum rate Tor discounts Al -
per cent which, in connection with the extreme
ease of money here affected the foreign c'clhngcS
10 such an extent that during the week the rates
were advanced about - cent 10 the basis OF
81 80 3-i and 81 SO "A respectively lOr long
and short sterling
RAILROAD EARN1NGS
The weekly returns Of railway earnings con-
tinuc 70 report as large gains rs they nave d0ne
during preceding months The Tribune mas
printed the returns for the second week IN January
Of siXty-fve companies or systems oi Whlch Only
eight reported losses. The aggregate gam Tor
the whole number Is $1l G,235, or lj.H per cent.
For the third week IN January IL has printed
the return Of twenty-one companies oI systems,
only three Of which return losses, and two Of
them were because Of snow blOckadcs. Yet the
whole number return aggregate gain of $685.
S77, or 40 per cent The following tables divide
the aggregates and differences Of the companies,
showing gains and losses
"a week IN Jan. 1880. 1890 Differences. p. c.
81 panies 81 800 Cj2 $jl9' 1873 In S71 is1 H.
co" pinies..--.-- 1858 2s935o be-. BIO 10
Total G5 cos s47G5 276 e5 isI.5I Inc. s7iG 2S5 155
10 coz psniss o33 O4l 81 s27 OIL Inc SOS 600 10