New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-29

49,, 0s1,176 in the short perlOd Oh clsht Wt'S b.
| On August , the weekly statement OF the New
York banks reported their cash at ~ o3;9!e'9oo'
BY yesterdays statement the cash was 81 3D.;
100 showihs gam OF only Sllso% ~" %sa ns
| 71G. Here then is over $50 900. 900 expansion
which the gains in cash by the New 9rk banks
do not reflect Or course in these CALCULATIONS 'c
better condition of the banks and the poorer con-
| dtion oI the Treasury than Is SHOWN ny lirr
Yesterdays figures are not taken into accUuh' !:
! the one will about offset the other ne DesI
| obtainable data indicate Il not movement OF eur
rency from Ncw-York to the interior 13r me ei3n'
| weeks Of about S26,o0o."oo. his caFes -
| 600 OOO which the TreIsury either pdid oui Ill
| excess of its receipts nj points other 'nan Wv
! York, or shows tina; tine money locked up Io'r
weeks ago for speculative r rirrpstop has it is
not probable that the ONrrniuent payments o'Hc
! than at New-lork, reached the s'in named. rs
conclusion is forced that some Slooon'ooo i, sun
| withheld by individuals from the bank reserves.
The Tariff bill. rs reported ny me ,oh!,,Ith'"
! Committee, and yesterday passed hy In" House.
| entirely removes of the supposed cdu>eS i,I
ANXIETY concerning tie monetary sltua,i" rc, 10y
| il all goods entered for warehouse before oc'oo;i
| / are subject to duty under the existing Ia" Il
| Withdrawn before February !. 1871. THIS IT,
| moves ali anxiety concerning monetary pressure
for ahc payment of dates in advance o, ; I'VE
grdnary wh', r., n %, H'o of Statistics on the
Nations commerce. published in last "Wednesday
| Tribune had however, ALREADY shown that mere
was no occasion for the anxiety and cNcitcmtht
which wero developed ovor the supposed 'ArtssMt
importation Of foreign merchandise on a'c",n'
| of The anticipated new tarf law. d! ne imporIa-
| tisns for the month Of August of this year wttt
ca 500. 600 less than in August 1889, and for the
two months Of july and August OF ms year WI.
only 81 800, 900 greater than for th' TWO i"h'n'
OF $50 Prominent bankers aGd merchants CON
trbutc1 their mites to the monetary eNr i,
BY accepting Wall Street speculative 'aik upon
this subject as matter OF fact e;,
As is usual at this season of the year, the l0ltGh
money markets have shown hardening tendency.
and tic bank rates for discounts were JcheraIli
advanced during the last week me nrIN ", u"
England rate now stands at per cent eH"c.s L.Ir
sane rate TO which il was advanced on %ple,nnrr
20. 1850 and on October I. 1855, wMlc ine oi ME-
by its last Thursdays statement holds t4oo'Hou
more bullion than it did at the same da't OF Is'
year a reduction from the holdings of the pre-
ccding week of f69s 900, principally because OF
special call from Portngal Onr i"" ,n,a.-e "a
The advance i'm the Bank of England rave was
the occasion for strength in tho rates Tor sn"r'
bills and Of ease in thnsc ol s,a;} "i ;ncr,aSinv
but the market closed steady at bass OF > :" l.:
and 81 81 - respectively tor long ana S"'''
sterling. ..rxrxcc
Ear rho ..cnnd week OF September. 1882 The
railroads then lcportiu: their weekly cross earn
inys returned an increase ON The "'FH ~ ,,r
of 1913 pei cent foi ire w',N VI ,c" "P'''V ow
an ION of those gains for last wear. returns lpi
thc year are making favorable comparison: . M'."
no inportant adlii"rs Of mli'a4r. lie I'i'..T
has printed the gross earning. Tor 'h' "'o''.
wcc, in September of si\ty-nnc F""laiM,
svs,"ms which 1--WE an a4Grc%at" r''n of Sll,.'
49, or { icr cent. on thc week 81 r"ot
sovcn comraCics return an AVERAGE |llH "i ~"
nor con, and twelve companies an AVERAGE los
Of GA per cent. We also have ril@cu -"
gross earnings Of tor'y-tw" r9,npal"S ."r re
third week in Scptcuhrr. civin- an a;N"t.",
coin of S22o rn> or per cent. az ~" I VA
number. thrty-iivc rctLrn "a 'n* av"raH!:- -
Isr cent and seven return lossc' aVtr"Gih- -
Tie sabjoincd tables divide the arrrr.9',rS arc,
differences of companies showing MS an' loN,F"
s. .s * ~ e: i5" q
ro,,, 6, co >. So 90 o., s. ae7cc+ Inc +n''"d 90
8 y:: :'' /! II; g.: g.: j. a
Toto, ,oss41os. 5i3 s,,i:.7,l Inv. +tai 2:s -
TiIE WEEK At THE STOCK EXCHANGE.
The stock market, hy The Er't+ In r,,e ,nc
ernors of tie New-lork Stock ENrl"he' s
crssiully maintains the rhri"i position o' ".mI
nansiyc wealth There are al cdsi fifteen pr
iessional operators OH the flo"r OF me ENr'nn-'
or through membership entitled - d" ""'.'".H
az s. per 10" shares ~h" avrrA1r 'fi.sa',i'"'
of over :. 600 shares day. with resIH ""N'h-
their stock account az night cAWili ne s''r -
il was in the m"rning, with an i nh'",'il"i
change in their hank inl!;r.""> Multiplying
; 900 shares by fifteen gives i'.o"n shares ~ '"'
daily operations OF c"f"ric MHU'PiE 'Ihl' ~
siy working day, gives 40 400 slar'~ - n lh"u-
crate estimate Of . wrrf> tranS"r''ni'> whic" Il"
not change the actual holdings ~ r'lNr''>
Add To that 2OO.G 600 shares trAns1r'l"'> rs Ih' re-
sui, Of matched orders Dnd 1t ciN"> II. n""""'
shares The total business last week III listed stocks
was gsa 90 shares. The for"cVin. estimate OF pro-
fc,sional tradin.s ana r's'FhrI "!n"I.
334 100 shares for a I 81 Of ah"u' -" N'rf+ "
the SUN of actual change, ~ "wr"',hIp Ana
this hv some people = called ~ '""'u'h 81
long" stock. The cvi'!"rcc OF nanlWlI'''"n l.
mucl, stronger than III" nd'"'I"h> al
Humiliation even I, Vie amount "''"h "" h"N"
stated What interest, ordinary -" iiI'"r' az
genuine i!odcr> o' srrii'ir> = i1.I n''">''"H ~
what Is the purpose Of thc m"nlpnifin Now
one thing is certain and hcrond d.-?'i": ii"'
ever since me purcha>" of $3.50" go" i"
cent bonds ny The Trra"urrI " week 80" i''
been me, al NE Stock Exchange b. an imn"d,a ~
pressur TO sell siDcis al tie l,"".' possible
prices ard thus immediately ch,'k any H''"T"I
response in the way of genera hnyiN-
Tic Great feature ~ "a" d''IimcN 81 ri'' W. T.
was ihat of A,rhi,on, Topeka and Santa H.. wiH'n
marks loss from a week ago OF l. p, cent
| on Transactions Amounting ONLY to i"i""" S,or"s
| Nj Gould j. GUo,cd corrrc;l; or Incorrcr;lr. H.,
| sayiug tia, he reason WHY either Nch OH
| or Reading should sell above .. 1hi - n',
| the WAY Nj G"Yld is in tEr habit q" tdlhIn- when
| comprehension of The Importance Of the n""N
t"rm"! south stem railway ga - ai'r'';p COM
! hraton, and it probably VIII continue - f'
ciolded until 'hc force nt circumstances r"n,p'is
| the full revelation. Ia the meantime II Is Of
more interest To the public generally than are 'hr
| uttarancc, Of an; oi the great c"nncr"I with
| those systems T. know that ~ the iWO month"
and two wccl:s of the Mchi,on, nrw h>cl' var
| July | t. Scrtr!Il"r la-i;, gross cainlii@s IN
creased S1.1n0. 900 over the earnings OF th" SAN
| period of 1850. when its earnings showed an III.
| crease If I : pc cent on the same period o.
| 1855. As particularly affecting RI" pr"WrlF ia"
| value of tie cotton crop in l"Na- tim. scar Ii
estimated at over 500 ,"oo."" a:nirS' SN'',upo
! 600 for 1889 And yet Yesterday tie price of the
reorganizcd stock closed only :. - pcr cent hler:
than at the corresponding date of last year. when
the success Of the rcorcau izat!On was donh,g' ~
| n ma ort" Of even those who were hcavly inter
| estcd in the property
| rhr fol movement