New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-27

".
nant of previous order, similar amount was was
expected to 20 ont yesterday. but at the last
moment the engagement was cancelled
RAILROAD EARNINGS.
The Tribune has printed the gross earnings OF
twenty-five railroad companies for the tnlfu VIZ .
in March OF this number sixteen companies ~
turn gains OF S119,OsS, and SIN losses OF So'2o'
The whole number gives an increase , rt 9I1o'
49,, over the same week last wear. ihe WI
earnings of sixty seven companies for tne SeGol I
week in March also given below t.e who'e
number showing an increase OF $l59'oo''
Third week in March ,so, differences PC.
g e sS"Sass. 5s7i i'as '24 Dec sOs9o u
.: companies .s2,oi,727 5000, 100 Inc si4s7SS 81
Second week in Maiehm ,so. Differences. PC.
81 companies So S. ss5 e g, I" bee '$ss 80 u
O. companies se,757,I5i SO soj.2ls Inc $4,000 81
TIE WEEK AT THE STOCK EXCliANGE:
There was nor co M" in stocks
were materially smaller than in the pfeceuimns
week the movement Of prices was gtne ,iaan
toward higher level and almost wl'.o.' 800
ton final changes were advances. For TINS changc
in tbe speculative sentiment there were no reasons
more important than the monetary ease. anu w
quictins of apprelensSns IN Ieg"T n o% influences
were the better weather. the improvement III TAI
road earnings, and the near approach Oh 'a' up
ing of the Chicago Far me sa,inG ~ vaca
II, 4
tion in Europe, excited vague ruinorS IN ieSaru
70 the possibility of financial mission, and hope
of successful result also helped TO S.' tr last
named rumor had any substantial founda'lon' pu.
for several years the departure oil Mi. Nolsa n.
has been used in speculative way. Inc P,es has
Secretary of the Treasury has denied that ne Nas -
made any arrangements for the negotiation r pI
bonds. either abroad or In TINS co,ln.rS ,,o,Iv
Treasury in the last two weeks mas oceh si NV
but gradually gaining gold. ana u now no.u ar a
considerable surplus above the lcgaltendeI Ise! y
fund It has been stated olhclaN tnao ,ne
ADMINISTRATION will faithfully MAINTAIN inc s'a,
h;ltv of the currency, but with growing eniuu
balance there certainly can be no reason Tor DOM
Issue Another reason for the increase III con-
idence was the fact that apprchensionS o. hns.a
camille distress had not been realized lhorc ah o
been n few large failures in different parts OIL INC
country. attributed TO the recent strlngency III
money. and yesterday National bank III Nas,,-
Vile was obliged 10 announce its probaoie suspen-
sion. The failures in that city, ana also Id Me'n,
mis- and other points in the South, appear W
he due TO losses in the cotton trade AS run g
however, the general business oi a,f of mr.
chants to sell their paper, except aC hiSi -
las not been productive of impor,an, uisas'e fo
The rlIInors which have pervadcd wall ouec' i
the last few weeks were gr0unuless ,
The general conditions which SURROUND spec,rrl,a
ton have not been altered in the week. lme
Sherman Silver law of course mas not ne,n ' Of
,,ealed and the mere fact that an extra SESSION VI
congress has not been called may De accep.tuc a,
proof that the Administration Is not yct sa.ishr"
that il would not suffer defeat on thiS poh..
Fven if il shouh be admitted that the treasury
Danartment was contemplating an issue OF bonus
for the sake of strengthening ITS stock OF eoi"'
the continuance of the present law would tPhu ~
nully the influence OF such an aG T'rnn ar de-
moment there is cessation OF the European Wv,
mand for gold. The only shipment last week va va.
5000 OOO, but that was not new orurr' ~. Wy
same time the rates for foreign eNchales nav ~, az
1-anced although the mercantile demand LOT r.
mittance has been light and rnmors OF an carry
resumption of the outward movement law , ny
been lacking Further shipments OF g"lm "1" ,
no s,asonabe and must be inevitaDle. ne wy
eminent report Of foreign commerce III the month
Of February showed an adverse balance on mer-
chandse account Of nearly S2O.0Oo.Ooo, a dlhr-
once in comparison with the same month last year
Of nearly S4I 900. 900 In the eight months OF
the present fiscal wear the excess OF lnPoLL' .h ~
only 50 ,oO4.573, but the comparison WIN ', y"
same period last year !, ea,fe" movement Of cold
usually begins in the early months OF 'he year
and tire return flow rarely sets III BEFORE thc ,aS
of July or the first Of Angm i, Ju~ a.t year.
the net exports of gold amounted to S4'''''' ~,
and i'm 1891 in the same period they, eNc'.'ieo
In hssn last Two Even Eve ni the
mperchandisc movement had not been extremely
unfavorable it is plain that large amount VI o,e
precious metal would go abroad IN orul1' fro;mn
rrumstances With the new condition OF ioreieh
commerce tc shipments in the next lew MON hS AIT
likely 10 be heavy, unless European puIon. -
of American securities should be much larger .'iil
OF
these considerations the ease OF money IN ti''
last week assumes a small Ter Importance. I,cir y
mo- apparent ccrtcinty that il might not De loic
lowed bv an acute stringency IN consequence" Oh
renewed exports of gold. In the summer months
when usually speculation is Likely 10 DE STA.
nant low rates for money are expected. IL Mo"l'.
I've wise man who should pr.dic. Ihr OH Vi
the money market for the next three months a.
The advance in stocks. however was SUM
o;entIv uniform ard confident. The forced lianl-
dation was evidently. completed. ana possiu h
h,tx-I
relatively low prices to which some ISSUES nav"
been driven At the same time the largest an u,
vances were made by industrial ana ana sprG,ai
stocks. and in nearly every case tile buying
seemed TO be largely either for the short account
or in behalf of speculative manipulation. u"
receivers Of the Philadelphia and Keadiag io
road on Tuesday asked for authority 10 ISSUE
S3 800 600 certificates. hut the hearing before !,
master has not yet been held Inc c1rnmit'ees ol
the general mortgage and income nohas nav =
taken some steps in opposition TO the issue u,
certificates. and the general mortgage bondhoidcrs
committee has sent an expert accountant 10 rhlla-
delphia for the purpose OF examining me con-
nanv's books In the mean time the receivers
have arranged TO provide for the interest," ia'ilhS
due on some prior lien bonds to small amount
A more important influence on the anaiIs on 'n'
company is the announcement that 1rIehuiI r.
lations have been established with DrcXcl ~
Co.. the former bankers of the railroad. and
with Brown Brothers. While reorganization
NAV not he attempted within a year or two, "
is plain, from the fact, who will undertake the
task of reconstruction. After these announce
ments were made. Reading stock advanced stead
ily and, although the transactions IN IL were
not large it's final gain in the week was 81
Der cent. A much larger advance was recorded
by New-York and New England. in spite OF re-
ports about the financial condition OF the CON
many and the amount of its floating debt. Della
ware. Lackawanna and Western advanced nearly
6 per cent on the disclosure of an nncXpect-
tdly large short interest Delaware and Hudson
and New Jersey Central apparently in pure synpa-
thy advanced over 2 per cent. Among the spe-
cialtes. Manhattan Railroad was conspicuous by
q gain of 8 per cent. II sharp contrast WITH
il Missouri Pacific lost 80 and Western Union
Telegraph ga per cent. Although the industrial
shares were generally. prominent and the finctu-
ations in some instances were rapid and wr".
their final variations not particularly sig
nifcant Dstiling and Cattle Feeding WAS en-
ceptionally strong, and although the directors
some time ago suspended dividends for a
year and the company is supposed TO be weighted
down with more or less unavailable assets. the