New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-01

market and In the labor market, which worked to
restrict the business to It's small proportions.
The one fact clearly demonstrated by the
occurrences a the last week and the preceding
TWO weeks is that the speculative holdings OF
stocks are unusually small and that they have
been already transferred 10 permanent investors
to greater extent than ever before. Still the
Wsslmsts, having been compelled ~ abandon tho
schemes of tight money and strikes, are diligently
searching for other possible calamities IL Is
rather a chestnut, hut nevertheless the rumor Is
revived that the net earnings Of the railroads
NOW being reported are not as favorable in their
returns as are the gross earnings This prop,
IcnmSyl vaIa. the Burlington and Quincy. and
the Mon Pacific companies. In each one OF these
July, with an unusually favorable return for this
month Of 1889. and in each one Of them the
nnfavorahc comparison arises entirely from the
large addition to the operating rXpcnscs. In
each case the operating expenses were enlarged
by extraordinary expenditure for bettermedlts,
which. under the old methods OF bookkeeping,
would have been charged TO construction account.
IL other words. the companies are now making
liberal expenditures. So as Ia he able largely 10
increase their net earnings from tie enormous
rattle which is in sight.
The recent squeeze in money, which affected
brokers. will not contract business during the
coming autumn. Tic larg" disbnrse ncnts which
not only for bond purchases but ulso for
appropriations, ctnnot fail to stimulate trade
movements and enterprises all over the country.
80 far from it. being true that the money squeeze
had any effect upon the grain speculation, II Is
a fact that thai speculation continued at its
MAXIMUM until money Z" lot mp and that the
comparatively small dccIc which has entirely
occurred since was duo 10 gradual liquidation
Of speculation which had carried prices tent
pCrarily above rxpOrtablr figures, O'1he detrncno
Of the general interest Ot the country. There
is not y railroad man in the country who, despite
crops smaller than those of last year. is not pre-
pairing his road 10 handle n larger tonnage than
it ever before was called upon to do.
The condition OF the Ncw-lork banks at the
close cf business on Friday was certainly $4,000
O00 better in cash than the statement. and that
WAS supplemented yesterday by further gain
from the Sub-TrraSnry Of Sl,30O000. Including
the seal 600 new legal-tcndrr notes issued.
OF toe silver purchases there still remain 20 be
paid for about ,OO.000 ounces, calling for all
issue Of about $-30.On0. which will come out
early in the week The years interest on the
$40. 600. 600 redeemed :? per cents will bring
out 5000 900. bnt that will hr scattered all over
tho United States. When the speculative public
comes to realize all these conditions IT. will bc
strange indeed il those who have recently proitrd
by speculations in grain, rs well ms all others
who have been waiting for the clouds TO roll
by do not turn their attention 10 the long
neglected stock market and visit the offices OF
brokers where they will listen 10 something else
beside croakings over n dead past.
Following is our usual table. giving the num-
her of shares sold Of all stocks the highest. low
est and final prices Of the week. together with the
haal prices Of week ago, prrflxcd by the average
prices of August -. lsN9:
WEEKLY RASoy.