New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-23


and the net earnings sl74s5,3OS, decrease OF
A,1O4,061, or 10 per cent
The Tribune has printed the gross earnings
Of forty-two railroad companies systems ior
the second week in October. or the number
seventeen companies return gains of $50 oS9 ol
So per cent. and twenty-five companies losses
Der shows a decrease Of 1920 32S. or 451 per cent
1t has printed also the gross earnings oil seN-
enty-seven companies for the first week in Octo-
Der The whole number shows a loss OF $oo-'-
3'4. or G37 per cent.
second week in Octobcr-
- ,n 80 Is3a 1893 u, DIc gso go 3D. sS
- companes. i3l5525 3,7.i'.3GG Dee. ''i 80 L..
Total a. co's..0os7 1873 sccGcsO Dec. SCOOPS '.'7
First week in October ,,eco. "a
50 eompanc, 5ii5i9so liaas;3 De. IN c,s -
Total II co'ss7 ss3 30 81 3sosj2 s5o2s74 C3'
THE WEEK IN WALL STREET
There was further shrinkage Of business az
the Stock Exchange last week. The to'ai Trans
actions amounted only to S9O.2s5 shares against
1.Os9497 in the preceding week. ana against
1.409 PIG in the corresponding week last year;
In only three stocks did the dealings eNcee .
100000 shares and in these Whci W. w,
American Sugar Refining. st. PAU. ana us
filling and Cattle Feeding. the transacuohs
were considerably more than one-'hnu Vi Wv.
total business. The movement OF prices Wae
variable according. in part. To the news i,o'' ,
Washington in regard 10 silver REPEAL anu
toward the end of the. week. on rei'ssuIl'iE au
vices. the market advanced rapidly ana C,oS,u
with much confidence. In the Week S"s"
Refining gained -, per cent. Dstng and
Cattle Feeding 2Ss and Chicago Gas "a per
cent. In the railroad list. excepting ~. rdul,
which gained per cent. the business wa
exceedingly light although purchases Tor the
short account made the Granger shares rela.
lively active and strong. As RUE 'he id's ,,
advances We're made by stocks not USUAL!
common and Lackawanna. for instance on
small transactions advanced over per cent
The market seemed To- be controlled Wholly
by the hope of early action in the feueiai
Senate. Private advices received by SOCK
Exchange houses with prominent NesninE-
ton connections were extremely reaSsuri"s.
and even at the close Of the week the prospects
of an immediate and unconditional repeal OF
the Silver law We're reported to be excellent
IT is difficult to explain these EopeiW pr
dctons. with the compromise measure winch
nearly all the Democratic senators nave agreed
to support. 1t is entirely possible that the eN-
PLANTATION may lie In the knowledge that ,he
proposed compromise viii he deleated either
In the lower house Of Congress. or by an IN
ecutive veto. The compromise proposed is not
worthy the name because II is a Illuminating
surrender to the friends Of free-silNer coinage.
What the country had right To expect from
its Legislature was the unconditional repeal
of the present Silver law If that were I'M
possible of accomplishment, the present law
should be allowed to stand. It's continuance
would be in every way preferable To the scheme
which is to engage the attention of the most
dgnfed legislative body in the world early
this week In the present condition OF the
United States Treasury. the adoption of the
compromise measure might result in serious
and iar-reachng disaster. To continue the pur-
chase Of silver bullion. without providing fresh
resources. would be TO dcplete still further
the stock OF gold in the Treasury: 1t has
already fallen to about 100000. and the out
flow has not yet been checked. To deny TO
the Treasury authority TO issue bonds with
which to replenish its stock of gold. and at the
same time To compel II to continue silver pur-
ChascS. in the end have but one result.
1T seems almost incredible that a favorable
vote on a measure so impractcable and ruinous
can be obtained in the Senate. In any event.
however. the duty Of the President Is perfectly
plain and IL is to be hoped that he VIII OPP
pose the accomplishment Of the suggested
compromise.
The conditions. apart from the uncertainty
about financial legislation, by means
unfavOrable Imports Of merchandise continue
to fall off. while exports are steadily increas-
ing The state Of foreign commerce is so
favorable indeed. that on one day last week
rates of exchange London were within
cent { sterling of the gold importing point.
1t is the season Of year when We ought TO be-
receiving gold from Europe In exchange for our
agricultural products. and inward move
ment Of the precious metal seemed close at
hand If the action OF the Senate should de-
feat the Repeal bill Europe may decide TO pay
for its importation of our products not with
gold. but with American railway securities. 1t
is certain that the proposed compromise would
not encourage buying for investment, either at
home abroad.
Following is the usual table giving the num-
Der Of shares sold Of all stocks. the highest low
est and the final prices of the week. together
with the final prices of a week ago. prefixed by
the average prices Of October 20. 1892:
THE WEEKLY RANGE