New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-10

con,nonies or systems Including the forty-seFeh
which have reported Tor the iour,m W. ci "
January have reported their gross earnings. CIV.
inc an aggregate gain on January. loo0' vi
81 $780, 9l, or 1872 per cent. vi Ihe toO'l nrrn
bcr forty eight companies reported GAINS dESI,i
eating So 139. 265. or l4.0 per CEN. ana oilIA
eioht rcported losses aggregating S2O5,4!4' or
a nor cont The suboincd tables divide the
aggregates and the differences OF the companies
showing gains or losses.
Iouh week in JaG d 90, s. s9 est rhS $sl4 i2e ie3
Total A. 1876 2s7 s. oo2 o5i Inc. s7o57o7 1874
"a NootA Of Ja9 1855 s2l 152elo Inc POS 1a9
8 Co.'S CO.. S. 2Go55I 2o55llo Dec 2o547t 80
Total 20 $50 713 o2o s2324772O Inc 50 533 79l 122
TIE WEEK IN THE STOCK MAKhLI.
The business that was done in securities last
week developed little or nothing that was was new,
Outside of the market in the stock Exchange
there were several notable successes IN the plac-
ing of new municipal and railroad BONDS, snow
IuT that there Is no dimlnutlOn OF an urgent de-
mand from investors for hTSt-class SecurIues;;
Even al the Stock Exchange the demand Tor So0d
bonds seemed 10 be larger than before, ana the
business was restricted only by the small amount
of offerings The practical success OF the Missouri
Kansas and Texas reorganization under the pau
proposed boy the OlcOtt committee, because OF the
DELAYED acquiesccncc of the Dutcn holders OF inc
stock was a special stlmulant IN the market LOT
the general SKIES and iiycs OF the company me
reorganization OF the company unIeI tnc OiJ IT,
plan is now assured beyond TeradNenture. TOT
the reorganization of the ST. Louis Arkansas ana
Texas Railway there are two committees III uIlc
field, both of which submit plans calcuIaIeu ~
insure success for the future OF the properly
but it's not unlikely that the plan submitted by
the committee headed by William Mertens Oh -.
Won Holman & -, will prove to DE the most
popular with the securitN-hoders. Inc pflhcipdl
point is that the reorganization be prompt equl-
able and guarantee of future prosperity. g..
Despite the continued investment demand for
bonds and railway stocks, the stock specuIaIioh
still labors against persistent ana controlling
influence for depression. II Is curious anomaly
Tic properties known in the street rs Mor4ahs'
which are showing phenOmenal gains III edrhIhEs'
are nerruittcd 10 drift without a leader ana 10
hc hammered as unmcrcfull& as th'% couIu W II
they were yaluc.e>s trash. Inc G0uld properties
seem 10 receive "A reluctant KIND OF support Il.
the current figures, but II Is nou Ihe suPpJIto
which encourages "a speculative Du}lhg' on u M
contrary all the bears and their organs SpeclailS
point 10 II for proof that MI G0uld tdlAs anu
t,cs rot act The eastern trunk lines never De
fore I'M their history were doing as large ana a.
prosperous business they now are, ana YET
There /, no more speculation in them than tnere
IS in Government PET Jen'S' Western
reported earnings OF 3u me NtS,c.n
railroads. despite Chicago's peS>imlstlc reports,
are uurN ampcd. but the speculation AT 'hc
stool, Exchange makes no response. mere nave
been times wien such exhibition ot rallI3aH eaIn
ir,s rs L. made above would have SET the HtrccU
wild Those earnings never teIore nav .pccn
cquallcd but speculation fans 10 respoaI l." of,
sinnly because all the speculation when eNiS's
from the necessity OF its position l. ana must ~
ON the side of depression .;l
~ H. but nevertheless. the truth Is tAt w I
srpport which the market receives IS ehlIcG
from past and present pubic nNeSlheh. az. @Iu
-t snccIl9tiyc buving There are people outside
~ Wall street who entertain the ldea thal tnc
country is growing faster than ana alre'uy ms III
crown the capabilities OF cAlsunE l% 80 -.
p,,Lt mr. ,,ronr they also believe that me uaH>
nf speculative management are drawing hcdI Wv,
end that when the country is chJ9NIn lux unPr ,io
Jc,ted prospcrtv if the railroads do nor paIu'I-
pate in that prospcrlty 1t Is the iau'l oi
Tne particular issue of last week was brought
ou, by the exceptional movements In me c2aI
,n.ls II il only "A couple Of weeks ago thtU III,
howl, about the impending disasters 10 AZ ' 90
companies and their allied rallroaus cN.cr"." ~
prr,rnt multiplication of reports IenuhS 10 imc
,ro,cssitics Of the Nebraska farmers ana the I'M
ncrotiyc need of reduction IN the carrying raves
Tor corn We fear that II IS not SO muGn W
hros,a corn rates in politics as IL Is Polt'lrs II,
wi street among our friends who are snort OF
inion Pacific especially, and other NeoIaSNa
railroads generally . ..ooiou, ;rterestin,,
,,'nr, Of last weeks stock market. the coal
stocks They. MS all the Western properties now
are. were consigned to the ueIllli'on V9 ,i'o
vows According To the great Operators oil me
Strcct a brownstonc front and title 70 portion
81 Central Park the prlze oiereu LOT scLllmS
" Cow" hundred shares Of those stocks short.
-, ~ ,ol,,i,i, and Reading al that time was sell
I r,,,,.en Rs and g. and seemingly had no
frirrds still the developments OF last week nave
established the fact that the takers OF lIr Sto'A
when everybody was selling II Uhere Is aWaAS
L,,,.,r for every sale made were buyers TOT
D.. Econ So after the stock had gradually
,nrl,cd I'D 10 80 II last week. II suddenly jumped
to i3 g. only because of the urgency oi previous
seller, 10 recover their contracts. When tlt
| urgency ceased the stock quietly slipped oil -
nrr cent from the extreme price. and again the
Lc,rs wcrc ON top Of it, and kicking themselves
far having purchased it from AZ IL up 10 45 L.
| We may say 10 them that it's no part ot me
nurpo~, of the buyers and holders OF Phlladelpma
| and Reading stock 20 force a corner IN H.; thau
their purpo,c is sooner or later 10 bring ABOUT n
change I'M the management. and that The stock
| will Lc held for the accomplishment OF That puI-
nose ANY corner in II which may come VIII he
because If the impossihility Of the shorts to Oh
| tain the certificates for delivery on their con
| tracts.
Delaware Lackawanna and Western and Del3-
| ware and Hudson remained strong and made al
| vanccs simply because they had established the
| fact that in poor coal year they were ehap,eu
| to earn "A surplus over and above their regular
| dividends The speculative situation presents 10
| change All the efforts and manlpulatois "lc
| directed toward the saving of losses alrealN az
| crucd upon previous sales. To that end inc GU
| povmcnt of the Western telegraph wires TO dlN,
| scminatc false and exaggerated rumorS Is ca1iIru
10 the fullest possible extent now, as IL mas peeh
| during the last three months. bo
Following is our usual table. giving tIt hiin ~.
| of shares sold of all STOCKS the highest lp"rsU
| and final prices Of the week together WIN ulc
final prices Of "A week ago. prciNed by the average
! prices of February o. 1889:
rEEKLr RANGE.
| .rrrA sAGs FINAL