New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-13

NEWsYORh
Exchange rates for call loans remaine .,.,, mm
changed at about ~ per cent the nis ~ to-
rate was per cent. For time rone! ',,,s
were lower principally because the supply VIZ va.
far in excess of the demand. Fer snor, IL, .e'
the rate was about 3is per cent. ana 10, s,,,n
Tour and six months loans were maoe a.. q, rteta
oi3 TO per cent. In the European mo- rr,o
money was inclined to be a trife easier , ine
Bank OF England made change IN i's I'LL n,.,,n,
mum rate of discount but In the oIsn nrs,,rs
rates for discounts fell TO per cent en- lhr' -
day. end rallied 10 az par cent At the end OF
the week. At Parts the Street rate 10, OIL, ILL., g,
was steady at "a per cent. and AT Berlin u
4&TsA per cent ,,,
The foreign exchanges were moderately
active. declining on Wednesday, ana ., s"oS 3,
quently advancing until they closed s,'o"e r,, a.
virtually the highest points for the weeh. in =,
demand for remittance was irregular. put IL
was more for mercantile than Tor aro,.IaSs
accounts Small receipts of gold wc,e v go
on lever rates for exchange. The ciosihs ,a,es
We're 81 SO and 81 81 for long and short STERLING
DIS respectively.
RAILROAD EARNINGS.
''The Financial Chronicle" computes the gross
earnings of 12l railroads in October a' s'i,
l6SlS5. decrease of s,245.S92. or 2SS per cent
Inc increase in mileage was 2,Ass. .,..
the Tribune has printed the gross aIl'iit ts
or sixteen railroad companies or systems IoI
the first week in November. or me C.. nuinDe,
seven companies return gains OF SeSeSo oa a.
per cent, and nine companies losses Vi , Ss.v,''o
or 80 per cent. The total number SHOWS
decrease Of sl36,9OO, or 3S per cent. IL mas
also printed the gross earnings OF hity-seven
companies for the fourth week In Octooer: 200 me
whole number shows decrease OF $2oo,ozs OF
2.3 per cent
tirst week in November ,,o, n,r.r.,oos ne
sS%psn 'sssSs ' iSsSs Dec Dec s soj
fetal CO.'S - is' $685. Dee. $3.50 800 ss
II conf sd TsoN " os3 "a sas IA Inc ssSclIs7
Total 81 eossi1o5 1853 $40 75e sao Dec. sa1S129 %
THE WEEK IN WALL STREET
The week was interrupted by the election
holiday, but the total business in stocks was
still large compared with the corresponding
weeks in several preceding years. The total
transactions were 1,056.59l, against l24444o at
the same time last year. Unfortunatei! the
business was not evenly distributed. ana three
stocks which were in order, Chicago Gas Amer,
lean Sugar Refinery and St Paul contrlDuteu
more than one-haf the total business 1nese
were the only stocks In when the trans s,'n
exceeded 100000 shares. Chicago Gas fluctuated
within a range of about 3ls per cent ana closed
absolutely unchanged. American sugar Re
timing was even less erratic and' eNceptionaiey
1t closed at an advance OF per cent wnlle 81
Paul. which was third. suffered loss nearly
great. The heaviest declines were SUFFERED
by stocks Ike New-York and New-EngIahd
which closed 6H per cent lower. The movement
in this stock occurred in the last two days ana
seemed to have been caused by report that
the Lehigh Valley and New-Haven Railroad
companies had made some sort OF an agreement
for the handling of the coal traffic in Eastern
States. This might be an obstacle In the way
of an extension of the New-England Railroad
TO New-York If II were confirmed. however, 1t
would remain to be seen whether the recent
movements in New-England stock were not
wholly speculative.
There was sharp advance in most stocks on
Wednesday. The result of the elections was
complete restoration of confidence. The tariff
may not be disturbed, and questions about the
currency settled To be sure, the Treasury
is not in the soundest condition. but no uneasi-
ness is felt The gold balance. in fact, might
fall to S50O00.000 without causing trouble While
the elections caused a sentimental advance. the
influence was short-lived. 1t will be only
short time before Congress will assemble at Its
regular session. and advantage of this fact
must be taken at once. 1t supposed that
with the establishment of a sound currency
European investors would bel eager to buy all
kinds OF securities On the contrary they have
shown disposition to sell stocks and bonds on
every rally. The trade balance is distinctly in
favor of this country. and yet rates for foreign
exchange remain firm, and large imports Of
gold are not probable. Trade reports were more
favorable although the price Of steel rails was
reduced s. a ton
Since the elections there has been great i'm
provement in manufactures. 1t is more In tone
than in the volume of the business. 1t Is too
but greater confidence Is apparent in every
branch Of business. With the wonderful ac-
emulation Of money in New-York, and with
the prospects of an active business next year,
there can be no doubt of higher prices for all
kinds of American securities. While the bust
ness in bonds in the last week small. the
stagnason was Principally because holders of
bonds Of a high class refused to sell them.
Following is the usual table, giving the num-
Der OF shares sold Of all stocks, the highest.
lowest and the final prices Of the week. together
with the final prices of week ago. prefixed by
the average prices Of November II, 1887
THE WEEKLY RANGE