New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-22
NETWORK DAILY TRIBUNE MONDAY, lssa-TwELvE

eo'h 40 10, leure III the statement Tor hioio
than Si,o00,0J0. AZ the same time the banks
are Inclined generally 20 extend accoDn odatlcn
10 their customers, but the Western demands
for rcdscount have become so heavy that they
all cannot be granted.
- The European situation has not been improved
turthcr iail2rt- IN Australia have occur d In Ia
week. ana they have mace nec"s Try large shipments
OF gold from i.OHdOn For the thlrd successive
time the Bank OF England advanced its minimum
is per cent. but in the outside market discounts
are still quarter TO Il half cent above that hguro.
In Paris and Berlin the open market rates Tor
money have been comparatively steady. closing
AT Is per cent at Paris and per cent at h'r-
lin. The higher rates for money in LONDON are
practically protest ly the Bank OF Enslanl
AGAINST continued Withdrawals, of gold from us
vaults. As the United states is the only country
which j. open market FOR tho precious metal;
further cNport6 viii b, Oh" inevitab" result OF
the advance in tn" Banli OF England rate oi as
count. I'll" shipments last week amount TO 81
800 600 from Newly Ork, and 100000 from Dos
ton. The foreign EXCHANGES We're strong. but the
for siXty-day bills. which wcr" consequently a
little lower. The principal demand was for de,
uand drafts and cable transfer. These remained
firm and yesterday. when there was really li.llP
lusinc.a, 10 important concessions were permitted
The market closed at - - - and - 80 ior
long and short sterling bills respectively.
RAILROAD EARNINGS.
The Financial Chronicle computes the net
earning; of II, railroads in March at Slo,6"1,-
4sl an Increase OF only S229,37S or little
over per cent. he increase in gross earnings
the heavy increase in operating expenses. Better
result, are hoped fox Tor the next few MONTHS
hut many raiioard officers are not disappointed
lccausc the net earnings do not keep pace with
| tie gross receipts.
The tribune has printed tho gross earnings Of
forty-fve railroad companies OF systems for the
second week in May. or 'hc number thlry-nvr
companies return gains over the corresponding
week last year of Sl93.242, or - per cent, and
eleven COMPANIES return losses averaging o.
per cent lhe whole number gives gain OF
/ -
the cross earnings Of .'i-h' Nsevcn companies for
the fir, week in May Ihc whole number shows
an increase OF d. pr cent.
"a yse IN Nay Sa3 50 l.9 n DI.I:@ 81 &c s.
II comp,niss....... 737,cCS cdo3o' Dec. csld5 %
Total 40 cog. a. l6l ooa s'.5s91io Inc si21o77 -
8, to Myn 9oseet SOS SG5 Inc s2s 20 -
AZ conn ancs..... 1.4c3oi7 1881 lCs BE- % 80 -
ro,,, g. co,s 80 300 Gil $685. 800 Inc %3-oioi -
TIE WEEK AT THE STOCK EXCHANGE.
On q somewhat larger volume of business at the
Stock Exchange, price. nearly recovered the loses
sun cred in the lrcvlOus week ~ may iaTuN W.
said that there was radical change III III" specu-
latlvc temper. but there was certainly prVNai'h'
opinion here and abroad that Ill tins country Tue
uuuidation in railway securities Was about ~ an
end Whether this sentiment i thoroughly Wei
| grnundrd may not easily he determined. In"
DEVELOPMENTS in the last week were almost III,
varably opposed 10 an advance III Wc,f, an"
there was no important lncrcas' Ill COM tr'"'
ira dino i'm stocks was largely prof ss'iolai through
ont the Week. The buying for European account
merely an at1rasc bushes r' @uains
| II could b. asccrtaincd would pr"h'bF De, a:alhsu
This cc@ntry The turn III the c)aIs' OF prc';''
| however compelled buying on an offensive s'a'r
by commission houses VINO; IN 'nr G"p ,"%g, y, y,
| tLc preceding week, lad sold st0cta pcioh2lns 10
heir customers IniS made the firms snort VI
the securities and NJ the first rally IN prices re-
! luy,ng compulsory. 1900, -. ,,o oIos,
OF the week the price OF money IN Loiooh a.u
the rate of foreign exchange mere h'lofu.i t',H
| .l,,@ 10 Ar.r 1
| continued for the ncNt two montNs Even ~ VI"
,ooycrn. mt of Railway securities were nov aN'iSr,
the Government report 2l i"I'.EH us,,tin. con-
the month OF April sufficiently J"s'Ihcs q ' I'm
| tinuoncn Of cold shipments. Il shovel "a iaiInS
OH compared Wit. the preceding month ~ "o,n
imports and exports. ana IN comparison ", '
! g, responding month last wear h"aNN ih'lcaF
| j, imnorts and Il still larger dccr'HS" N exports.
! Tie result OF the merchandise moTcn'h, III 'i',
month was AN adycr-" balance Oh ga go -
connection with the return OF securities anu vac
! common rclicf in Europe that this country II on
the verge of "A silver Lass for It's currency i"I.
exports Of gold would seem 10 d. eh'i'c'S ''"''"
Other unhappy Developments were ne ElGr re-
mort IN regard to the affairs OF the fhIIa4riP,Li"
| and Reading Railroad, the issdc OF nohuS Wy NJ
| n;. hin and Cattle Feeding Company ana IN"
default ly the Toledo, Kansas CITY ana ~ ,-o''
Railroad. CT minor consequence 30 ia' II,
ia,iou IN stacks j. concerned, wcr" the numerous
r;i"ros bo.b hank and mercantile. in various parts
! If ,h,, country Almost In" only faVoiaplc in,I-
1out vas tho announcement Of n sctrnir LOT ,,'c
H 1n ga" If tL aoatirx debt Of tie NorhIn IA,
| c;Gc railroad Company. TIE advantage iWni,h..
nv mi, was partly lost whca IT wa- i''ih ' ,n
| tho syndicate whirh has agreed 7" la"r 'n'
u' o,oSr"1 ,rust nofes is composed almost eNcin-
! sively Il the large holders OF ne noa'i" ,,,, .
! In other word. tho plan Is lit'lc nioi, 'h lac.
! conversion of the Obligations al PT'H''I' "" NV. ~
1 cr,d,tor> and the new noics OF couiS' may d.,
speedily thrown upon the marke, li c ,ir'T h" 'u
bond. Of the company alNal'''' PioiIiP ,b,t tho
,,nr ,yhnn il was stated s'm-";lcially t,!i' , NV
| ,,n.s. of the ulan was virtually assured ~.
advance was hcpGd undo biediy py III" o ood liz lis
| the chairman Of the board 81 .iii"N"'S pa, .onc
resignation in the hands OF inc pi'S!"'"' 'o"'
rho disclosures in rccard 10 the mana9cm ,'.r.
NJ in. Tulad,.pEia and Reading RailI"t" W. W.
~n, uncvuectod and for that r"a on perhaps, 'hN
we're received with apparent coinrosuI'. ~ ~
more quiet period in financial matters ''' rh.r.
hayo produced startling sensation ,
omqht 10 be Sharp reorganization OF IIia, oo dn
y.nv The FOLDERS of the securities shou' VA
ilnand thar without further delay justice snn 'iI
he rnctcd to the officers, who not oniI =" rna
/ ,I.tn nat rou.ht uUOn them " heavy lo-'. M
law is impartial ana II snould be administers"
without regard 10 persons; .;,,,.., stacks
was perhaps the most favorable feature ol 'h '
market st times ~. Paul was d'pr's" , ~
selling apparently for European accom-, l,n,ns
with that exception the ha,nn@ "rah2,r Ci,,o
were relatively strong. Burlington ana Qui.tN
| mr. ,c.icalV rccOgcrcl tie 'n>s Slstiih'" ~ @
| pprecodino week and Rock Island advanced over
: nor cent against previous decline OF 81 p. pr
! cont Louisville and Nashville gained per ccl.'
and Northern Pacific preferred over , ~ per cuh,'
! still larger advances WrI" "'o'"'" ~ .L las.
Ties and industrial stocks. and among the n'S.
named National Cordas" was conspicuous ny
cain of 8 Per cent common ana - per cen.
in the prcf1rod stock Advances Of from . 10
maarIv prr cent were made By Chicago Gas,
| rmngg.l tlcctrjc American sugar Refining ana
National Lead The closing was not strong, pu'
the selling seemed to be by professional traders
| who were eager TO close their outstanding con
! tracts M the end of the week. Following
is our usual table, giving the number OF
shares sold of all stocks the highest, lowest
and ,hc final prices Of tie week. together with
thc final prices Of week ago, prcixcd by the
average prices OF May p. 1882?
WEEKLY RANGE.
RAILWAY STOCKS.
-ACTUA AL SALES
-aiIHS ,,icb. Low. tIual NV sharos