New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-24

serycs when il was in demand for legitimate
PURPOSES and speculation. not only III securities
but in all the products OF the country, was so deau
that few commission men on any OF unc cAchdnGcS
were able to make both ends meet
What the Secretary OF the treasury may 90 IN
the way of purchasing bonds during the next TWO
or three weeks is unknown, but there IS no plcS-
finn that with his surplus again up to about S3S,-
900 600 by the purchase OF per Genus aJ ABOUT
l93 he would relieve the monetary situation TO
such an extent that merchants Woulu nave no
! fcors bccausc of the openly threatened manipul1-
| lion of the money market by stock SPECTATORS
| If the conditions warrant the employment OF
money in any enterprise III inns county '"o PER
cent interest per annum Is no haroSrlp -
| The INC 1ctary situation abroad has ma'crlaly
improvcd The Bank of England last Thursday
| reduced its rate of discount from TO per cent
holding jO.O3 per cent reserve. II Is mist IKE
| ,yhich a contemporary makes in saying that ms
ncrccntaqc of reserve is a figure which 1t has not
reached before in twenty years or more INC
fact is that almost every year, al some tlmc, Jnc
| Rank of England reserve passes 30 per cent Az
This date i'm 1887 il was j0.lJ per cent put thc
| noint is at present that with the bank li'ldlhS
81 100000 more gold than at tnc stunt u,'c hn
| ISS9 with reserve then of 1850 per cent me
discouut rate now is per cent against . per cent
| then. Al that date in 1858 the gold holdings were
5000, 900 less than now, WIN reserve ol fn,' w.,
! nor cent The discount rate was % per cent
The imperial Bank of Berlin reduced us rare 81
discount from 10 per cent rs a rehe''ol. VI
the easier conditions abroad, our iorcISh cN'n1lIc
market while dull was weak throu@l the Whoc
| wool, and transactions for yesterdays steamers
,orn made n thc lowest rate, for the wcck-on
basis of - - and 81 81 for long ana Short s'eI-
| ling respectively .
THE WEEK IN THE STOCK MARKET.
| M one will dispute that the last week at TIE
stock Exchange was one of partial dcStoh'ch'|; ;
| The dependency. however, was chlcHy conn c'
10 commission brokers, WHO h'tu'"iS wT f,aa
coura-cd at a Lack oI y u''''" :
rlcn the whole country OUTSIDE OF
ihr speculative marts j. mo'ins forward WIN
large and still larger prospective tr1.S''uI i
fI,.. Il. al \
| change members reference Is respectfully hiiuo
10 the committee ON pulneSS AmohI d.
majority OF the professional SPECTATORS anu u'ci
| IL was week of luhuhtl"h, ue'tuSc III 'HVii
efforts 70 mark values down they mel WIN
no spccuiatiyc resistance. Inc cau,c ior ,ic
partial dcspondcncy certainly i nor 10 ~ I"uH III
"Thr Chronicles" table OF net railroad earnings
for the wear 1852 which shows for / - companies
net earnings of S215,1s9,G9G, against S?41,loo.-
3ig for the year lNSN-a gain oil over SoV''"V."
| or about twenty-five per cent N'lthcr - III
! found IN the returns OF ccvcn roads Tor eleven
| months which in l~e9 gave net earnings oil 81,
4a3 9s6 against 81 .il3. 500 for the eleven months
| of lsAS-a gain of S2.OOo.0uo, or nearly :" per
| cont Neither is II found in either The gross
or net earnings of the companies which have
! made reports for amy part "i me current YEAR,
| The Tribune has printed for the hrst week oI
! Frhruary the gross carniu-, of scycnty-two com
| NAMES or systems, which give an asgr"Eat" gam
| on the week of ls~g Of S6I6,lji, or ia per
| cent II also has printed for the second week
in February the gross earnings ot hi'Y-l'ur com
| pancs or systems, giving an a-grr4't" gam OF
S36- Al. or % per cent The >unloned tables
divide the aggregates and differences ~ Inc COM
| panicS. showing gains or losses.
-, ,..i. ID. f... ,s.o r-.o Df.-,n,-- p. g.
- Co'-. 81. 'oo 1-e - 80 80 inc t'il - ~ >
10 CO.'S ...... f-l 81 JJ'.-oe De-. ID" - ~
Total 3, Co.. 80 ,elloi si2,o575 inc. ssos'u ''
-, i, III, r. 1850 I-ro Differences, D. %.
- 60 '4-t1 ,G '''s,o q h. '' ~, - ~
10 90 '-.......--.-. .''o-h H-''I- P.. -'-i' 'o
IT., OIL. t-o ,o- s.. -..,.ist fne. -sisIi7 L.. {
Despite thc,. facts r.lat.u- to railroad earn
! inc, and the more material fact that Oh" whole
commercial ana I"u"SlI"l S'."'.''"
scnicd brighter Pi'sfcGS tN'u 81, P''''nl, ~
beyond "'>P''' D.'' ''' -,
luu '"h''I "' '"' ~ '' IT, 800, a,
course iArI' VIZ H"'", ~ i.'l.'''lo ". '"' ,t
sp'c''tt'r "N'"' "' ,' ,,,,,,,,,'.. 60 tho
P'i, 'P't "',,i i ,,., ., I. tI'r So, MINI of
CIT" VI Wv Wv F Nm. '',,,tI,.r
'hol .""''' ..o,r.,.,. ,..r 800 l,.,cr f....fr,.
ara turning i"r '"H'I' ~ "''i ~ 49,,
h' bears Over j, "''.''I' ,",. i,,.., and
''a'"'' ~ ..lt d.. .o,.rli,.
! 'Ar ''1~ LOT 'u"' .' H. I H.,
'AP"i"'" '" ',' - ...,,,..
cause Do uIt''''''"'.'' ~ ,'... '''
ph"hiy lI SOC" LN'"','-' ''i' . i'.-' ,,..,,s
- is ~ ~, t''''''. '''.'. sal c,..ti,,I,, -
I"r lA' -i'i' ''','' '.. 't,., man.
h"ih lI'" "''-'' '''-' 80 -,
ir'l', "i i'i""P' in '''' ~ i
ilclchi agents. A''"tI GUMS '" '' 'N''-
report, published, lH' western Runway 81. .'
D, lar from satisfactory Dui OH" 4''' Reports i'''
u.f presented much worse conditions iH'h AlF'
tie reports OF the lI>i 1850 months. A-I.u>' 'h'
railI"r reports stand "u. iIr r'"H""'i"l gums VI
r,Inlu-e which the I".l't.> nave since i'P''"''
Who ''frs sd5 ihh ihr reports "l EARNINGS "'vJ
hot connect. iuc} und"t"'riN '' correct "N"
are standing evidence of the cN1-trrNIotN r.
| ,irird 90 for speculative purposes. Nevertheless
i tie cNu--critlous. accompanied hy the bodLc4'
which tuc leading operator, are lately c\mpiinG
have converted nearly the whole OF the spec ultl''
fraternity 10 TIE " bear side. Perhaps from
iIls Iudl>crilnlrair following the leaders may suc
coed m rcoupnQ a far share OF their own ont
standing contracts. he present campaign beau
with au attack ON thc stock OF
.
p, ID reports OF us busur~, except orc" 81
b. scar, % Was possible 10 start dluia-lu- luinoi'
''U''IHlI- 4'N "''''"'a' anu ''' '.'"' '''
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