New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-28

tanJ Change Ut VI13'V
loans The highest rate at the Stock Exchange
was made on Friday, but the advance to per
cent was followed promptly by 1reSh oneIIhss
and at the close funds were readily oDtalhaole aO
the formerly normal rates. 1t was uhceI'diin
whether the advance was caused entrely Py t Tue
needs of belated borrowers or by manipulation ~
the GENERATORS for decline In stocks. ne supply
of time money rot more liberal IMAM ~ na9
been in the past few weeks, while the demand
was q trfe more active. he larger sPcouI','' 40
in stocks and bonds naturally created nc" 9 0
mand but rates were not very much higheI' O
mSnai stack Exchange cOllaterals loans were maui
At IL per cent for sixty days and lT0u 2ao
pcr cent for four and SIX months ln loooIo md
exchanges were firm throughout ul 3 Ia Thor,
were not relieved by the shipments OF gQlai nc
was no additional supply OF commerclSl piS H0i
of drafts against foreign purchases VI .,e MARKET
There was scarcely anything DONG III u.to at
Yesterday but rates were wen ms ln ~, and
~ and 81 s8I-2 respectively for long ana
Short sterling. ,~rr,cc
Tho Pittsburg. Cincinnati, chicago s anu Cd
Louis Railway declared It's nrst qIaIf &c auarter
Vi 10 r necerher Al 1890. The previous uelaS
with the known conservatism Oh Ine +6at
ment affords excellent reason ioI i'ont Of the
4Iis rote will he maintained. statement T w
ireee for the wear of the companies ioi me
the consolidation shows gross earnings V go dednct
o83 and net earnings of S3,9s7 444' A ucn for
TO- 100 ;taraet ON the bonded debt and pay lneno; no
+reectagc rentals and other small chaTges +be
inooroe the statement shows surplus 90 CO. tho
YEAR of S674.014. The income acco Gn6o is still
SS,,orter for which the dividend was udHV O. frso
qu"1 fo,-orohlo II shows net earnings OF Sl'Vo-,
nTe and after the payment OF llrsG ciiS ~ The
Mus earnings for the quarter OF ,,ot income
dividend requires after the payment
for the quarter leaves surplus "'UNi ~
of the dividend of S64 541; .bo frogs earnings Of
The Tribune has printed the gro9Ss o .bird week
nineteen companies or systems lol Ui nonanies re-
! III Iii az This number eleven comp t ond
III April - q n $50 or 14.3 per cent, anu
eiGbt Companies return losses aVel"gaii6 ovcr The
cent The whole number Tvs .esr of Sos. 022. or
corresponding week of last year " the reports of
S % ~ cent II has printed also Ihe 81 Anil
five companies for the secohu aus aver
sc Iybch forty-ive companies Ietuim aenonies re-
aging lO2 p per cent an? s per cent The whole
ULln ~ Tiy-cs ar increase over the COZ & cont
nuhpri ioet veaf of S207.291, or ~ Pcnreoeed
The later reports lot 'ie WIN
the total percentage 49, 49,, oooreoates and differ
l' ~ the Companies, showing gains r,tronces D. c.
Sd week in april lY2SC ss S6855ss ~ ~
= eSemIR@nies..... ol0,9-5 olo,-O. D''' -
ro,,, 10 cOs..s2 o57,5la s2,1274S' Inc S''''--
"a week in AP p SIS s417o92Q Inc $sS7 q5 az
20 eonpanies...... 2,36i,42o Z'-I1,I 49,
az .o,. s615S9,O S. AL 83l Inc s291 gu, S9i 40
TIE WEEK AT TIE SIOCh EACIi1A-,' '-'uo
The total transactions in STOCKS I%S' trc nrcced
~ ~ shares against ,21o, III Ihc PiNSN,,.
- i,ooI, aud 46O,gJ4 III the cOIIo'poiIS--Te
Iyeel, of last year. one oil ule noot ,lnt II was
,ootures nj this increased aGUNItS ""o IN r1-
dmp almost wholly to operations III lL1' ~, Enc
1 I @i Ii',a in nrices was not helped DS EIIs
land 0r Europe and while puDhc l ntVIeS' - at
was not exceedingly large, IL Is HoU c'11nlotion
,nfLu+o il la sentiment OF ShllIu! nl"'H 80
T ri Ettle doubt that both influences VIZ
inn,inent in the movements, put as 2lW'! ,r|ot
Pise axcitpd an interest outside Oh WI oo,,iont
which is not unlikely d 10 c depSpds on the imam
~ obilit- of the country, Tor no dsss''1lC. 80
likely 70 come for few months rom any 49, pol in
Fur0De The losses that nave ~ - 80 beeu
SoutL American and other secuIltiTo 10 turr
~ eorious that although europe VIII hHolS ~ i
~ i've United States as the most proil,si5 boH.c
profitable field of speculation, Itn iii nor he
iInodiote The demand for gold when ma, pcTh
Going on for several weeks IS entIIelS ro''rInj
md for this reason the shipments are tGo
LARGELY as demand loans 10 EuIOpe. ~. an1
ro mstiGed i'm part by the trade conuitloIs 'H{
tho nraclical suspension OF the demand Ior ~ ar
Nyav securities there is probably sun dlo,e f
portant cause for them IN tng nieIo obroad some
General European war many hTms apI4%Iii mn
Of whom have suffered heavily by IneT mm
fortunate specuations, are SIehgthcnii5 ~
eoiycs AGAINST possible emergencies. -, li
Sc 1"r t%i reas0n that most Of the gold snip
,on+s onneor 10 be special and not exchange uons
nntions The slight loss that perhaps IS lhcurItH
is Of minor consequence III cChiP' l9 80 ry general
vont9oes that would result in case OIL any S
confiict This is partially proved py UIlc ~
that certain prominent houses nave Rot hlt tos
single shipment Of specie, anu uiIaU - o nToIonre
tbcv would probably be large exporters. ny
octivity and advance in the market were mos
cnconragng although the little news OF U1T w.
vas somewhat opposed TO higher prices; IIe "a
o,ira az lake navigation was promptly folioWed
NV n lively cutting of rates between the Aualuo
ecSoboard and the Northwest If this was not I'M
usual il had certainly been supposed Ilau 1 4i
YEAR the danger of serious conflict between Ct
water and rail routes had been aVerted hepoLiis
If General business were as rule uhiaNoIape
and discomfort in ORGANIZED F1 1Id,. pecoie' "'''
,ro4f ba aOnpoaQn !.
The vitality of the Western lrailc AsSoclauOI
does not seem TO be assured, aIthousH tiIv o,oI
York meeting from which everything 10 eHPV01TT"'
will not take place for more than Weeh;;, nv
ontcome of the meeting apparently rests WIN uie
president Of the Missouri Pacific EalIroaa anu iE
furnishes assurances that the orgaliizsuoH "i ~
hc continued and become still more ehec,lVe III
the maintenance of railway rates. lls pan i ioi
the establishment of joint aFeEceS vas Iot US Us
cusSed at the first NcW-i ORR meetNhI; pu | TI
neyt one max take up the question. II IL s'oul"
moi and if Mr.. Gould should INSIST upon some
thing of that kind the future OF the assGc!atlG ~
may be considered uncertain. MS asSeIt!o ~
regard to il are hardly in conSonance Wlth the
resolutions passed at the Chicago meetillS, dlleI
the members who were present had WalteH IVY IVY
DAYS to receive simply q PHYSICIAN ceIti i
that he could not visit Chicago. Ills return Hohe
by way of that city was, of course, merely al
incident in his Western trip i,,,,or+,,+ do,.o,on-
ments i'm railway and commercial aHars, COLI
fdence in the future was strengthened every u1A
by the advance in the prices OF stocks Inc SUM-
official announcement that Ine SellihS Vi v1
Northern Pacific shares by Berlin had been com
ojeted the increase in the rate of dividend from
| 4 TO per cent by the Wheeling and Lake Ere
| Railroad. and the beginning Oh dlViuendS oS INC
Pittsburr. Cincinatti, Chicago and ST. Louis were
Indications of the generally sound condition OF
| railroad properties They gave life and stren@ta
NOT only 70 these particular stocks, but also TO
the general list. The huoyaney was not checked nee
/ at the close of the week, when prices rallied on
| tho nublication of an exceptionally favorable
bank statement, and although the closing was not
at the highest point it was strong and promising
| The most influential consideration so far as the
| stock and money markets were concerned was
the continued brilliant prospects of large crops.
! Frciqht room for wheat cargoeS has been taken
for JULY and August that it is already virtually
exhausted and freishts have advanced TO an un-
| usually high point. In all computations about
| the sTpplv of money. the outward movement of
our surplus products is OF much more more Consequence SEQ
| dition of the federal Treasury. Whether Europe
buys our securities or not; il must buy our wheat
| eXpected chance Of a European war; the demand
for the food products as well as safe investments