New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-11


The Tribune has printed the gross earnings oI
iifty-eiCht railroad companies or systems lot thc
fourth week in December OF this number iorly-
iolr companies return gains OF S9o9Oo4 OF To-
IeF cent and fourteen companies return losse'
averaging ll.g per cent The whole number gives
gam over the Same week of last year OF S613,s44'
or IL rer cent.
The 4oIoA.as tables divide the aggregates aud differ
cnces Of he companies showing gains and losses
e% a :! : Ss Is 91si3 Zee Bee 'scsGs
ro.u IS co'..99.I.9354 80 7s5,,'s Inc. J,sI' ~
TIE WEEK AT THE STOCK XCllANGE.
Tie transactions IN STOCKS last week were
g. 1876, sos snsres, against l,oo9,j III the i've
busILess days OF the preGclins week, ana against
l..Ji.I.- III the cOTresl 0uulng week ilst year
This extreme activity was ACCOMPANIED by great
irregularity in prices. Aside from Few special
STOCKS which were affected by causes peculiar 20
themselves the general movement or prices was
downward. There were no signs OF extensive
LIQUIDATION. however, but OIL the other ldnH, the
floating supply of stocks was undoubtedly Id
cr.asp,. \, n..tncr the rcaci ION IL lEtnihl more
thar a speculative episode in the upward move
lnent was not apparent from the trans1ctlCns
lac volume u. business, av'raglns over oOo-
600 shares day, might lie considered lndicatNe
of wide and excited public Interest. but other-
wise there is no proof of public buying. AS usual
for long time there WIS STEADY inNcsuneht ue
mand which Was most conspicuous In the Dohd
market, bur the selling for European account I'M
ooub'edv exceeded IT, Nearly al stocks whlc,
have an international market declined slowly anu
Steaul!N. Inc NOFlhtiu 49,
heavy, although not special ~ active, nnd the pre-
text afforded by unfavOrlble statements OF earn
inGs hardly explains fully the heavinesS OF pH n
the stocks aud bonds OF the country Louisville
and Nashville suffered still larger decline, al'
became active and weak after the decantion OF
the halfyearly dividend. The statement OF the
business in the six months showed a gain IN gross
earnings over TIE corresponding period III the
previous year Of over Sl000.0o0 but heavy
operating expenses, the increase in fixed charges
and in the amount Necessary 10 paw The regular
dividend made the result disappointing.
The Vanderbilt stocks were quiet. but closed
little lower Th- December earnings OF the New,
York Central showed an increase III gross OF
1867 024. but on account of the larger mirage,
the earnings were little over $1,000 mile. against
S2.l0O in December year ago. Among o,hei
stocks which are dealt in abroad Erie lost 2
per cent in the week and Union Pacific and Atchi-
son about as much. Practically the only eN-
ccp,on to the rule was Reading, bat, while that
made gain. the advance occurred toward the
end of the week. when all The an'hrarlte
coal shares moved ; UP 11geh Srs were re
New England. which advanced over per cent
Rock Island ; rs per cent. Richmond Terminal
IS per cent, and few spccialties and INDUSTRIAL
stocks which gained from > ~ , per cent
New Fngland was foremost in every respect, and
the next most active stock was Chicago Gas inc
traIsactons IN these two stocks were oier 9ne-i.n
of .he total business and adding those in Reading
and Richmond Terminal. the four stocks con
-'ihrte orc-third Of the business IN the week Inc
abrupt fall in Chicago Gas on THURSDAY has not
been explained After extreme fluctuations on
that day Of about : per cent. the stock cloec,'
dull without material change from It's price week
ago The advance in ew.England was due 10 n
change Of management from which friends or the
company expect great things. The activity and
strength of the stock could hardly I've greater II
a double track already laid or an entrance
into New-York secured with connections OF the
most profitable kind
No details have been furnished by the new
management, and consequently, II Is not known
how the money is 10 bc raised for the cOntcm-
plated improvement of the property. III an issue
u bonds was TO lie foatcd advance in ia"
stock might be considered necessary preliminary.
Tho decline in Chicago Gas and he advance IN
New England were both speculative. The prom-
nence Ot the two stocks was not an adVantas"
20 the general market. and while the frst shocked
confidence the latter did not restore II. The ac-
tivi;y of stocks like these is not the result OF
renewed interest on the part OF the public, and
probably does little more than excite curiosity.
Of far more importance the strength Of Rock
Island. in spite Of the duu heaviness OF most OF
the substantial stocks
One reason for its strength is the fact that the
new corn crop has begun TO move on large scale.
he Government report of the production OF corn
and wheat showed the largest crops ever harvested
Weld If speculation was irregular, II was as
suredly active, and continuance OF large trans
actions, with the conditions which surround spoon
laton. will be sure TO invite public buying. Inc
excessive ease of money, the large trahic enjoyed
by the railroads, and the universal confidence
Of the future prosperity OF the country AFFORD
the best possible reasons for further advances in
railway securities
Following is our usual table. giving the number
Of shares sold Of all stocks. the highest, low
est and final prices OF the week. together with the
final prices Of week aqo, prefXed by the average
prices OF January TO- s92:
WEEKLY RANGE.