New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-03

The conditions of the money market were not
materially changed. There was all excessive sup
ply OF call money at from per cent 10 per cent,
and the average rate for the week was probably
not over IL per cent The Bank OF England
made no change III It's discount rate, ana IN Lon
don demand money was easy at l-4al-2 per cent,
while the open market rates of discount fell 10
- per cent. The same condition appeared to pre-
yal in London and New-lork. Lenders are I'M
willing to make long engagements, preferrlng TO
xeep their funds in Dank or under moderate CON
troll In NewNork rates for even four months
loans were higher last week, ana 1of SIX months a
cent the negotiation Of loans depended parity
upon the character of the security, and still more
upon that of the borrower The demand from
tho West for money with which to move the
IRONS was not urgent, but bankers with numer-
ous correspondents in that section anticipate some
heavy Withdrawals oil currency. Inc eApo[1S OF
products are assuming an unusually large volume,
and their inevitable effect Is already shown in a
sIghA weakness of the foreign exchanges The
demands for remittance on mercantile account
continue large, but the supply OF commercial bills
about offsets il. The foreign exchanges were quiet
and rather easier, closing at ~ 80 IL ana
81 Sc IL for long and short stering olls re-
'p'''i''''' RAILROAD EARNINGS
The Tribune has printed the gross earnings of
sixtv-three railroad companies or systems Tor the
companies returned gains of S6S0,l7o. or 13I
Der cent ana Twelve Companies return losses aver
aging IA per cent. The whole number gives
gain over the same week OF last year Vi 9oE4'ooo'
The following tables divide the aggregates and differences
u the companies showing gains and losses:
i sssa !sly slS sP5 R'Ss2 S
Il com panies.... 1,47l7s5 1888 4oo Dec looozo 90
Total CO cos 60 292. 1927 sGs17,7s3 Incs024soo so
THE WEEK AT THE STOCK EXCHANGE.
Speculation was aroused last week from the
stasnant condition in which 1t has lam lor d
long time The market was distinguished by
two opposite movements. In the first part OF the
week prices declined, with occasional interruptions
and the character of the trading Indicated con-
siderable liquidation either voluntary or enforced
The decline was helped, Of course, by the bear
faction, and il eliminated on Thursday in the
circulation Of false and probably malicious rumors
about several prominent and wealthy banking
houses. In every instance there was no ground
for the stories and in the of the firm which
was most frequently named IL is well known that
IL has always devoted its energies TO it's CONNER
eial business. II the Earrings had followed
similar course they would not have been com
pclled 10 seek assistance in consequence OF the
financial troubles in South America. There are
operators in stocks who honestly believe in lower
prices and they. well tie operators for an
advance were indignant at the speculative
sauits upon commercial credit.
There is not the slightest reason 10 suspect any
financial unsOundnees among New-lork bankers.
Whether the same thing can yet be said about
those of London and the Continent is uncertain.
II was known that one large English speculat0r
who was helped last fall was again in dangerous
position on the last settling day at the London