New-York tribune., 1890-04-14

lice Of accepting ideas from Wall Street specula-
tors is laughably absurd
There are some indications that during last
| wcek there was a moderate withdrawal Of funds
covorcd nm bv shipments 10 Boston and Philadel-
phia for speculative effect at the Stock Exchange
| But the evidences are not 80 clear that we care
writings, which unfortunately bear character
| of respcciability, and are an'aSohis,lc 10 w.
actual facts are crcmnlsani,iI i criue",cs 't"c fr
cali nancy at the Stock Exchange during the
week was IL per cent ~ on almost cvcfS ,
| day there were momenary il"rries whicn iharNJn NJ
! biShcr rates and on Friday, when loans made
stand fill Monday an per cent ratc Was tempo
rarily established, but NJ the close there was an
excessive supply at , per ren,. : s,,,d;,,. or,,
The monetary situation ABROAD Is s'eanliS Wiz VIE
| inn toward the usual simmer ease The BANK
| Of England last Thursday reduced i's minimum
rate of discount l-2 per cent I" ) l.; per cch',
,hils rho rotc in the omen market fell TO . per
cent lis ratio Of reserve to liabilities was 45;eo
against II 10 at date Of lsss ana 's.I4 lSSs.
| Its cold holdings were s700,oOO greater than IN
| iss0 and g. 100 600 greater than In leSs., Tie
| forc;on exchanges during the week were dull and
made advances in rates hn' Us III ,c i,i ,n'n,N
| ma rl,et there are Indications oi a manipulation.
! 81 tbc close the market was weak. with seem
| ing downward tendency. al ra'rs hlsrn upo
SI "a and 81 81 IA respectively for long and
short bills against rates OF - ;" - an" - % -
| at the corresponding date OF lSS"'
| RAILROAD EARNINGS.
| "Tbe Chronicles" table Of gross railroad earn
ines for tho month Of Nlarch lncl'ue' Inc rrpor,o
Of l54 companies Inc aesream' "a "a n nor y" ccn, nv,
| or The total number only thrtv-eight conpancr
| with aggregate earnings FOR 'hc m"n''l %i t''S
year Of 7s.3o6. return an "eeurl"" 'oTs ,,;
| Sl71Oij while the ! l6 ofher c"mpanles' WIN
| ,,rcc,tc c,rniucs of S3O5is.l30. return \ gain
| 81 SeQ51 900 The suhioincd table divides the
| aggregates and differences vi ''' ''''''"'''' '
| ing Gains ard lc,scS
~, MG" an 500 81 a's 70 I"c s. 81 81 %, @ ies
| ss comInn.c.. el55 aGi :7's'3'' Dec '''o'' -
r .o.. $40 - os. 43s $50 a3o Inc. s,.774I5l 30
| "Thc Chronicles" table for three months.
| Jannorv I 10 March 81. includes III" returns "i
| III companies: llG companies. winch nave re-
| turned gains on the three months OF S'H; E.V'
49," ar',rcoatc ooir of ~ o So $3.50, while thirfv-
five c@mpanics have reported an aggregate l,ss "i
SSss $50. leaving the net gain for an AT
| 81 g55.7 So or over ! per cent. while fhr III
| The returns for the first week in April are nm,
cxpcc;caly favorable, because they are compared
| with tho large earnings of the sumo period of
| 1850 The Tribune. including the reports hc-
| low. has printed the returns of forty-onc com
| panies. which for the week of this year give an
p%greratc Of -. .saG.2o9. against S3i90.9?o for
| tho week of lssg-an increase of SJJj.319 or
| IO1 rcr cent OF the total number only seven
| comnanics have reported losscs aesrcgat'nc
| 1iyidcs the aggregates and differences of the
companies showing gains and losses
81 1t 5oS %iS pa :" 'r= :Il $50 j., i3g
| : com anir- "'-l'7 49, o'7 Dec. '"'''s -'"'
ro,, 1 COS. ~ 500 $3.50 80 inc. s3a'37' 1910
TIE WEEK At TIE STOCK EXCHANGE.
| al tie bright promises offered 10y tnr stock
| market IN the week ending April w'Ic Last We"
easily disSiiatc'i bl an infusion OF 'onidishi We
do not believe that sir. Gould Is rcspoi'>inlc Tor
everything TIA, his friends have pH' 'i'" ms
mouth Mr.. could l. not ordinarily
eSir%lrT sh"nrT 10 iSr wha.r Wall Street operators
layc given him credit for. there niPncsii n'bA
vuuld bc "A sudden change IN tnr puhlir estimation.
." will do this. aui ! won't do That, hrIe'"lorr
| have not bee. characteristic OF Mr. GoulGs talk.
The idea that 1t Is necessary I"
bankrupt one. Two or more RAILROAD
/, absurd i'm the face OF all history, which SHOWS
that a bnkrupt company In "A receiver i'ir'H' re-
leased from all ucccss o. Of earning Interest upon
any portion Of il, debts, IS the SrcaicS' ''rT1' III
| coInuctiiion for business. We 10 h't hrll'Nr
that Mr. Gould j, seeking for iic c2in!r'.tl|N nl
| han5um cnr.pauirs Yet thai has been Jn>' ne
| cent fimcnt which Gurins the last wccA has T'l'"
II a,yti'in- wcrc rccd,d for additional cvi-
dcucc Ihnt th"rc i % large ana dc'rra'' ,e
| Ing short interest In tie stock ma, N''' u"
| faciic. criplnyca ard the talk indulecd IN dHr-
| inc the last week have fully sIppiici ans ,ii-
| that WAS lacking That tall. Z -rti cr Win
| .mntci,rt matlpllafion - The money market,
| ave ro the beers the control Of prices ln
Some stocks Will, MS Is clearly in'ima,rd ~
| thc.grcat bear" organ. the DIVE ~ NAi"s "'S
dire .frd principally AGAINST Union Iaciir ~ was
done through attacks upon fhc 1rant'r s'r'hH '''.'
| Missouri Pacific Union facihc "afh ID me ",Fn
| was sold on / 5 per cent I" 81 -, p'' ','
| hu,-iur wa, Of -ucii character thft ~ rose I"
| ~ - and .irally At - -. closed onlf i
| lover than q week ago. II was after the cNifcmr
| advance in Mon Ia'llc thnt me "t'''" OF Nl,
| .of,,i Pacific and Rock Island was begun when
| nnall, extended T." iiuinsion and Vnncl. Nr,th-
| Co.'s, and II Paul. Thai The picclpiiIic selling
| nf ali the stock, Lamcd WAS f"f the short a'-
c.rt D.. e. ilricrl ii the broken. rurl"'ci :" 10
tlc sciline AND tie remark ln.c activity 81 ne
| men composing tie od " .'1r contingent NJ
| fi,ich there were some TccoN'rics from th" i"w
es, t,trc> Roc.< Island shows decline for iir
week. ni . D. per cont. BurIncion ; J.. per
| cent Ns>onII-Taehr -. N"r'h"ro''ih -
| and - rall IL per cent.
| Ti,c oc,c,al market WAS dull under this ad-
,cr.c uanipulliiun. and generally sNmpniheiie
in fractional declines. N"i"ithsi'nhihS 'hiS
inurr,e prc>susc aganst values, the Increased
,rti.i,y as cofnparcd With tie preceding week
,,.s only 1DG oup shares: ia" total Of last week
,I,,li,, unlisted securities having been sof. =
sbarcs. naaiusi 5l3.3GO shares for lie prrcc Ing
week
Nrrh of the stun reported about the disa-r'e
,,cnfs amoue the Western l.nrs and oi the 'icct
| nf such rai".'niilncs as are Tcpo'''h = -Na'iN
| c,arccrai,d for speculative effect A-ansi II,
rof orly now 'rf during the last three months
stand tic official reports o' railway r'inlnes ana
-, FAR - rcunricd lor the first week 81 APfil
fhcy have lccn more favorable than was anfici
paicd by the greatest optlnlS'. ne NP''u1'"is
| i'm the stock market nave been ana are ""Ikrn- II
| mnon thcorc, aud poss bic "pcrhap>cs The
| rrI holdcrs Of securities and The new absofbci
arc Influenced bv the facts rs they ar" repro.
.,,tcd hv the general condifon of business and
the official statements Of railway earnings
Following is our usual table giving The mum
| bcr of shares sold 81 all stocks, In" highest To-"
est and final prices OF the week. together wIfh ~.
| final priccs Of u wee, ago, preNcd by the a'era~"
prices of April II, 1850:
WEEKLY r,Scr.
3 |