New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-17

AZ. FEBRUARY II, lS9O.-IEN
purchase of bonds While the monetary situation,
If left 10 itself is entirely satisfactory, and for
bids any stringency even during the period OF
the usual NcwEngland settlements, 1t Is III
condition where the manipulation Of stock opera
tors may work il TO the detriment. not OF stock
! speculation but Of the legitimate business III
tercstS OF the country, so thnt It's cost may run
up into many millions OF dollars
The foreign markets have worked easier IN
money during last week, although the
Bank Of ENGLAND a@3 c s1 f %pin'a discounts IT'S
The Bank of highlands ratio of its reserve to lis
liabilities on last Thursday was $3.50. against
Ass at the same date last year wneh us ra,e
of discount was per cent instead of 6 per cent
last "'' Thursday was r?2,Olo,O36, against
gel .71s,s2i at the same date OF l6S9' EVl-
suffering from an attack of Ia grippe. her
conservatism is running away with her wisdom
Nevertheless, the continuance OF the hlgh bahk
of England rate affects our foreign eXchahse
market 50 that during last week the market,
while dull. ruled firm and closed on the, basis OF
81 50 7-s and 81 81 Is respectively for long and
short sterling. An authority gives ms as his
opinion that over 81 100000 of DIS drawn
payable at scvcnty-two days after date have
been purchased and are being carried IN loans
at banks and other financial institutions IN this
city. or course there can be but one object IN
| an operation of This kind. and TINT Is 10 adj
vance exchange rates to point that Wi! an. IN
ducc gold exports. As this is already more than
two weeks Old the scehme may be considered 10
have proved failure. and tie Gl00O,OOO eX-
change has vet 10 seek market when IL docs
so il may have an important influence IN re-
/ ducing the rates.
PHENOMENAL EARNINGS.
The Tribune has printed the gross earnings of
fftv-two railroad companies or systems for the
first week i'm February, and they do not fall TO
show the same phenomenal gains which have
characterized the returns for over six months.
OF the total number, forY-slX return gains on the
week Of 1850 Of S47J,Gj3, or l4.4 per cent, and
the six returning losses give decrease OF 81 $40,
or Ga per cent The total Of the ifty-two com
panicS is S392s. 072 against SO 463,939, gain OF
S464, 053 or "a per cent. The following table
divides the companies showing gains and losses
a. Co E,D IN s5 80 % 7si 30 Inc s. s 1888 "a
. CO. '-............. l7s5O5 1o6..33 Dec. 1870 G5
Total 50 CO... $500 $50 392s O7e Inc. sfG4 Os3 1874
The Chronicles table of gross earnings OF
"a companies in the month OF January. when
analy Zcd. shows / Il companies giving an aggre-
gate gain OF Sl,3ll ,49i, or 10 per cent; ana
thirty-scycn companies giving losses OF S@@005s'-
a-5 or % per cent The total gain is 81 ,O03,-
O07 or 1872 per cent. The following table d.
vidrS The AGGREGATES and differences OF the com
panirs showing gains and losses
m N934 Of J'9 3d 80 Inc gsit
81 Co.'s. 3Hto1 SOB i26 Dec SOs $50 20
II 15t Co-s5o $50 49, 2o2 $50 Inc. - Oo3 ooo 49,
THE WEEK IL TIE STOCK MARKET.
There was little speculation last week at the
S'o'H EA'hAisc, IN" 'H"t ",.o T.br"ayv =
re p'hH S'.''u'nu VI a. w. t', tr MIN
vas cough III tic h'Iu' VI .t i t l., oae,, rs
I''IoI hN' as H.'"'' IN No. ti 80 10 oc,,nnt
we H'"c ""'"H'"-' l"i .1''O ~ va ,L WoStnrn
linen came cA'eeci"leu IvPoit' y. t "tVra.i;ctiors
I1I' 81 non H. Wa a WIN ~, 49, I'm ,Le
IAr i''' tn', 'ur'e was ihoic ouS'i'.'' ,a''u -
roads coud 90 was oFersh'uoNcu y I'PolcS y.
aemorul@'tloh III II'e' h"I u' ,L trl,
for generalization l'I'u To uls1I'HV So iron
tie boxes Of Investment buyers. who formerly were
important factors IN the spcculd'loh' lll''9
were depressed simply and only Dy prc9suIr
on Tie market oi short cChi1c.Ss ~ eAoc'S ol
tie moments demand. Ihe SNORT interest WIS
largely increased ~ lhc movements "a VHo 49,
II tie shorts c"iId Ic'o"P iH'n $40 ~ '''0
week 80 ne current H-uieS ol '"o' IA, ~ '',',r
they would make ptIllai sucI'sS 1o ..a " ,
aging Tire contracts pat out AT lo""I Piiocs' uuO
tie market as ~ has been j. ms u4Il "uu uHs''lS-
factory for buyers as II Is Iof ScitiS' II - o'r