New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-08

az VOL as specia! stocks. which wore believed 10
No. "" So',e"hat inflated, and others for which there
omt ~ moI an active market were generally thrown
t th " would be difficult 10 give A fair average
i E no uc week, although it was probably below
No ~, r I'M In rates for time money there was
i IT, material change. There was a good supply,
out Only securities of high grade were accepted.
mn" repayment in gold was universally e>acted.
= ne rate was firm at per cent for all periods.
o numerical paper was virtually unstable The
~ pfhNs, ol course, were not buyers ana out
%i-,oWh institutions were inclined TO reduce their
.cwnlofK balances. and bought but small
amounts Rates were higher, and there were some
innulcatlons OF distress in mercantile circles IN
the European markets money remained firm with.
d dnt important change in rates. The l,ank OF
to ; per cent, and in the open market the advance
was followed IN proportion. At one tlnf> the
street rat" for discounts advanced 10 > IS per
cent, but at the close it was . IS per cent. In
paris money was a trfe easier, declining from
: l-2 to Ia per cent, while III Berlin the prlco
remained unchansed at 81? per cont l IA.
market was not disturbed yesterday by the diS-
solution of the Rciclstag, bUt it is incredible that
the defeat of the Army bill and the elections
should not have some influence upon the rates
for money. Further failures of Australian banks
tend TO harden the rate for money in Lonlon'
and shipments Of cold from England 20 Australii
are becoming large. Thu, Bank of ENGLAND VIII
not pcaccably consent 10 heavy Withdrawals from
its stock of the precious metal. and consequently
fresh demand on the American market may DC
expected.
times utterly dcmorallzcd. The higher rates Tor
money on Thursday and Friday resulted i'll sharp
decline in ratcs on both London and the Conti-
nent, and sixty day sterling bills were entirely
nominal Demand bills on Friday sold down TO
81 So Ia but they rallied attcrward, and ycstfr-
day the market became more natural. There was
rates were "a 81 3-4aS4 81 aud $4.S l2aSi.S7 "a
for long ana short sterling bills respectively.
Even these rates are considerably below those
which were curr:nt a week ago. They were no
cxports of gold in the week, and at present rates
of exchange no shipments can be made except as
spocial transactions At the same time q Shipment
of s.. 0O0, 900, which has been delayed, Will be
made on Tuesday. Bills against the amount were
sold early in the week.
RAILROAD EARNINGS.
The Tribune has printed the gross earnings OF
thirtv-ninc railroad companies or systems lor lhc
fourth week in April. OF the number twenty
four comranies return gains over the correspond
ing week last wear of 1896 03j, and fifteen conf
panies return losses averaging A.. per cent. mo
whole number gives gam OF S2'4,o'o, or 40
per cent IT has printed also the gross earnings
of seventy companies for the third week In April.
The whole number gives an increase OF So-o''oo'
which is equal TO ) per cent.
,., ,, Il, Anvil 100, 1909 Differences. Pc.
an S wsSS IN Apf esG7Gse Inc $500 os3
is companies. 53G592 2,il5435 Dec. 12l'lo1 A.
rota, 30 cos s5slIsG9 sOos62i7 Inc s214.s7s 40
e COMPANIES 90 sol 81 735 so6 Inc s42I ooS
70 comIan'cs.... ooi9 $50 1.9i9H3 Dec loo-Io 80
Tot, 20 co.'s $685. GEO So 705 40 Inc s39o,1s9 90