New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-13

W.T. ldIiy hT1l ne improvement was nov
maintained owing 20 more liberal supply, Of
bankers bills, and the market closed inclined 10
weakness at SIS and S4.s6 3-4aS4 81 for
long and short sterling bills respectively.
RAILROAD EARNINGS
The Tribune has printed the gross earnings
Of nineteen railroad companies for the first week
return gains Of ST. 1895 or &c per cent. and
three companies losses Of S7;s5e or II per cent
over the same week last year. The gross earn
lngs Of sixty-hve companies for the fourth week
in February are also gissn the whole number o,
10 . 50 ,, '2g sss ,s D';IG::
10 companie. % 22o oOs sa,273 or Inc saa coo ia
Fourth week in February s -
q ssmsso!s: SO AS 81. 5; ssS4;9 Pee. i29
6; companies, IS 005 oOs STAG 10 Inc. s6,o79s so
TIE WEEK AT TIE STOCK EXCHANGE.
Speculation in stocks last week dull and
irregular. There a sharp falling oil IN TIE
volume Of transactions, and the stocks which were
relatively active were either the industrial stocks
| or Others which were moved by special causes
AZ ruiz. the general market huctuatcd within
narrow limits. and in view Of the prevailing con
! dtions. suffered rnimportant losses The strln,
| sency early in the week in the rates for call
leans had its natural influence on the course Of
| tho industrial shares of which Sugar Refining was
| The conspicuous leader From its highest point 1t
| fell about 10 per cent. and after small raily
| o per cent. ii closed with loss Of nearly per
cent Others in the same group suffered final
declines Of from to Sl-a per cent; am Amrr ri
cent In view of the disturbance in the money
market these declines were not larger than should
| lave been expected because many money lenders
are reluctant 10 accept in loans any large amount
CT these stocks While the liquidation in some
instances may have been forced. it must b. adj
m,tcd that generally these stocks were h.Id win
rcmar kablc tenaci,v. The declaration Of the large
dividend on SNsa1 Refining apparently ana ana not ,t
Ilo oD 1 NY oc g 'T s'TGS
cited "A suspicion that inside interests We're Using
the to nSnt:n f t"if nO6ra. TG Sn
The time seemed hardly propitious for an OK
traor'llnary distribution of profits Just at time
an alteration in the tariff which certainly would
not be TO the advantage of the Sugar Rsiinin!
Company. Even II duty should not By placed
sugar. and possibly the bounty on III" domestic
product might also be taken off. II might have
been better policy TO preserve large reserve iind
| in the conpany's treasury. rather than TO "ie
tribute So larc" an amount, Oncers of the com.
| panY said however. that I'll" shareholders were
two years. and that even after the payment Of the
! dividends ia" company would have over
S5,n6o, 900 surplus earnings.
The liquidation in Philadelphia H'd ReaHln@
was continued without great interruption IN"
stock fell to. 22 3-s. and after raliyinG 10
cau4.r fell nearly pcr cent. and cnicl with
less of over FER cent In rcear to Kcodiog
there were no fresh Developments The receivers
have made 10 statement in respect 70 ,hr finn
cial condition of The company. and. while thor"
may De good cause for the delay. j. - crruin
that after long n time thor" VIII b" no on
cnsc if the stgtomoTt is not full and explicit
i has been charged. AMI not dis'inN'y dom" '.
that III. president Of the COMPANY usc | is frnds
fer the purchase Of Boston and Maine AMI New
England stocks. Tho receivers must know by
This timo whether thcs" charges a." correct or
not II they are correct the msns" or ~"
funds of the CORPORATION IS :, ilaran' that IN
rcTson cnity Of il should rot remain ono moment
an officer of tho court which now controls inc
property. Tho announcement was made y"-,rif,, ~
that member. Of eryrf?l prominent banking
houses in this city had cons"nfTd 70 nci ~
a provisional committee in behalf OF holders
of the committee said that they wrr" hp'
acting r"ccesaiily in opposition, t., th" pres
against him are true III" first act IT III" com
mt;cc In protecting tho Interests oi we ,ol'-
holders should be TO petition The court iof Dis
! removal from the rccrlN"istip . :,
Popular interest in NcwYork and Now -
land was aroused anew bv the publication 81 thr
annual report and by the uncertainty ~ 70 IN"
".ult Of The company's election which occurs on
Tuesday Control Of the company. 1t !, man
taincd is held in The Interests Of IN" Hcanin-'
but there il possibility that votes on certain
the ground that the stock mas changed owner
ship. This might modify the result Of me
election. 1t ha. been an open ;ccrrt that u ,r
nrcsjdcncv Of the company has been offered :"
several persors. who ave declined 70 accept the
responsibility If 'Ic mng'ng , snI Tm,iS oSn n"
urcsjlcnt of dat company may become ~" pre-
IHdcnt Of the Xcw-York ana Ncv-fnslanh. tn"
ra alliance Which has Jus, 'rn r maTG " "mh
roston and Maine Railroad companies VIII haze
on important bearing on IN" future Of me new
York and Ncw-Ergand COMPANY, II means a
d,vison Of Eastern territory which must nects-
sarily end in the entire disconitrrc OF We
susious sc1 SsaSr Of tn; pf .a an H n
| between the two companies it can 10 ohly lhcS.
ton of short time when M Mcleod ,n ms,
surrender the presidency Of nc l9o Id an" u, aa"rn,
,hn snmc Office IN the Ncw-Yolb and NcwEne-
land. the agreement would completely ne hi-
,c consoliatcd ROAD have said distinctly that
, that company would not pnrchaS" coh'T,i ~
Ncw-Enrland at the present prices OF h ,"c bn,
80 INF no present cAcuSr cNis,, for such action
Without valuable connections however, "nu WI, WIZ
the powerful anta2onisn ci ~" g" 'm1 'yo,I
road, the position Of the New hnciann WON n,r
hc snch that "A default In interest within year
or so would not he improbable. In that .N.n'
? II might bc found that tn" OWNERSHIP OF .I,e
Of the Now Haven railroad lnH, W Tr;o",s :"
far TO explain the nnwnencss Of II, ,, ,r' i,p
: nro'cn, stoc; The alliance for n division OF
g2In,,.Erolanl territory should b" REGARDED wi'n
favor AS affecting the general maikr, m"n ,.ra
i mr raiIrd p'as' in tho New England states
: Conditions attending speculation are w III
means unfavorabc AnNcty in Ic4arn 70 III. oil,vcd
dioH q. OF so o Of rod is being strengthened dali,
by tic natural s, of %GTSE c ' n4c W Toan
ac.Wi :" ",chorcinc gold in their vaults Tor car
, larry The movcmcnt is likely 70 become mor[
because t hG T n ,G~ so RaP to- rema VII
E"I"nna, vanits until il is absolutely required by
, 'ic f;oV"rnmrnt The outward movement Of gnl,
,,ns been checked by the higher rates ior nu NON
,,nfo
81" !" IN the foreign exchange market no I'M
mediate exports Of cola are kcy ir r1 " occ
Further DISTURBANCE in money ray. ,eo hut mi
adHcircN ,spp,,J he countcractcd by the cessation