New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-29

though the shipments of gold have gnauy re-
heved the European situation, IL deserves 10 Ve
noted that the Banks OF France anu anu dd wear
ago The stock in the Bank Of England mas Decl
increased BY about 81, 100000, while TIC gum ~
the Bank OF France is less than t50o0OO, ana ~
Germany is about fl 800, 900. In fact, the toJai
amount of the precious metals helo oy the balh
of France is scarcely larger than II was year ago
II is not quite plain therefore, how that lnsttu-
lion will permit the withdrawal Of 81 ,OOo; 200 70
60. OOO. 600 for the purchase OF gram whlch ~
will certainly require, ana IL may W too o.yoot
whether rumors OF an agreement TO that encct
have any substantial foundation. On the otheT
hand direct shipments from the BANK oil EnSlanI
TO Russia have been going on ior TWO weens' ar
n is known that they must amount 10 over
G3,000000. u,,..,o,d
ing the coinage of silver bullion will be IkeIy 70
encourage confidence in this country, ana the cci-
tainty of large crops and consequent heavy rsll,
road traffic ought soon TO revive speculative anu
mercantile business. Money-lenders are not going
70 look constantly at their boards but will speed
ily want better returns than they are now re-
ceiving. They will not be satisfied with per
cent for demand loans when they they could place nr
rate buy safe railroad securities which would pay
them still larger rate Of interest. Money was
easy throughout the week, put tne offerings on
time except for the shortest periods, were not
liberal Foreign exchanges remained dull but
firm, principally IRON lack OF commaTclal Dllls,
although there was still persistent selling OF Sc,
curities for foreign account. The market closed
strong at 81 Sc 12 and 81 SO 12 for long and short
sterling bills respectively.
RAILROAD EARNINGS.
The returns of railroad earnings are extremely
satisfactory, in view of the light tonnage which
the railroads were expected TO carry. In the
southwestern parts of the country harvesting has
been begun, and last week the first shipments of
the new winter wheat made. This bust
ness will increase rapidly, and if railroad rates
have been maintained through the last few months,
there is no reason to anticipate serious quarrels
in the immediate future. The Tribune has printed
the gross earnings of thirty-seven companies for
the third week in June. OF the number twenty
eight companies return gains Of S239,603 or 9.S
per cent, and nine companies losses, averaging
0.s per cent The whole number gives gain
over the corresponding week Of last year Of $780,
1852, or SO per cent. 1t has printed also the re-
turns of siXty-four companies for the second week
in June, and the whole number gives a gain over
the same week last year of 81 04.630, or 1.6 per
cent, against an average of per cent for thirty
seven companies reporting a week ago.
The following tables divide the Aggregates and dncr.
cnces Of the companies showing gains and losses;
I'd week in June. 1900 1871. Dinetences pc:
2S companies 443 403 20 $50 00C Inc. az C03 9S
Companies. 112o,sT 1,olo,426 Dec. lo9 81 Do
Total 81 co.'s 563 $50 So 09S 4S2 Inc. sl29752 $50
zs s5 391 30 So 10 497 Inc So 92s7 81