New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-30

and six months, on ordinary Stock Exeh.-
collateral Borrowers Were not eager 10 Ivy
even these rates, because they saw no nro.p pay
Oh an immediate advance in the price of ',Is
| money. In The European capitals there was al
same tendency to excessive ease In Iondon, .ie
Bank OF England reduced its minimum ratio -, .le
70 2 J.? per cent and in the open marke, i ,I
rate of discount fell TO Is rer cen, eu ,the
bankers balances commanded 20 more tIlap while
| per cent. On the Continent the omen NIL, 4.
rates were somcwha lower The Bank Of F ras"tet
again reported heavy loss in gold, which nras aucs
| ably went 10 Gcrinany, for the Imperial ErnIu
ported gain in specie to almost the same ,nn.ie
Undoubtedly the gold was destined ultims,spult
20 to Austria As bearing upon exports Of 70
| from this country il should lie observed d. sold
Paris sight exchange on London has again sanat
TO 25l0 l-2 francs 10 the pound sterllny 's rea
| Is below the normal rate and naturally oueb. us
| move from London to tie Continent yy.sn' TO
tremely doubtful if the Bank of EnrIand - tx,
We'd even small portion of its HOLDINGS q, VII
precious metal, and further drafts on this con,e
may become Necessary. The Continental m oSy
demand for gold or the financial d,turb,DSSou Tie
Italy. u
Tao foreign exchanges wero quiet. bu, C..
concessions Were permitted until FRIDAY" -u sh %
the advance was lost. The scarcity of oca
mcrcal bills was greater than ever before a, IN.
season. while the albtagc business in s,o sIs
was without pcrceptbe influence The dsoI;'"
on Friday Wa due entirely TO sales Of bsnsas.s,
bills against shipments Of gold. The ma,1n'.
closed steady at about the Rates which , nss
vailed q week ago at 81 So AID 81 81 i.lsa,
81 IL for long and short sterling bills resss'
lively ' 'TS
The Tribune has printed the gross earnings a
forty eight railroad companies or systems for trs
third week OF January. Ff thi, number thirty.
two companies return gains OF Si20,sg?. or ~
per cent and sixteen companies re,oro
losses of s.3 per cent. The whole number ciyoa
an Increase the same wecl; last year Of S24;.
iGS, or As Per cent.
The gross earnings Of scventy-One Companies 70,
the second week in janulry are also given ths
whole number showing an increase OF $lSl,2Gi.
or rs per cent.
The following table divides the aggregates and
differences of the companies, showing gains and
losses
90 1892 49, "a, ~ 1872 cS ~ m DiT :cS g, p
is co pin.e..... o7o.ioi l9oi 9si De. 1924 81
~ companies IS 359 go SO '7ss Inc. s27aCs "a
4, co1 wcG Me- n % 20 7eos5 IN ss.a?cls,
y companies...... 2G,j702 2,3i76iO Dec. s0j2ii3
= con,o7i.s..s 80 49, s',2s 725 me slsl?8l %
DELAWARE. LACKAWANNA AND WESTERN.
The Delaware Lacliawanna and Western Rail.
road Company has Issued the Usual brief state
mcnt of It's business for the year 1892. The re-
suits hardly meet the general expectation, al.
though they are in tho main satisfactory The
cross earnings from railways and sales Of coal
wore larger by SI,31G.j2s than those Of the
preceding year, and By Sj,j31 ,6}S than those i.
1890. At the same time the operating expenses
were increased almost in the SAM proportion, and
tho net earnings were larger than thOse in the
nrecedinr year by only SiS9,239, and By 1855,
Go than those in 1890. Tie company, un-
fortunately, does not separate IN lis statements
tln coal mined from that merely transported. Az
fine amount transported last year exceeded that Of
the preceding year by only 32O,622 TONS tie
increase in working expenses must have been due
largely to the operation OF the railroads. There
was no material change IN irSt charges. but rho
amount Of expenditures for betterments was
S464,j4O, against Sl2l,4 in the preceding year,
and S24O0l9 in 1890. The surplus earnings
applicable to the payment Of dividends on tho
stock. conse ldenty, We're a little larger than il
1891. and slightly smaller than in 1890. The
exact percentage was OBS last year against 9?l
IN the previous year, 10 per cent in 1880, and
1885 in 1883. The following table compares the
business in the last three years:
BUSINESS OF THREE YEARS.
Years ended Dee. 81 1870 1881, lsa
earnings 9O,6oS Oio al ,oic 100 sfoZ-oS
operating expenses u ~ ooo-o -, On, .o, ~ -o,es
lroad and mines. 81 S9S3S 33e9iovi S','elsoo
,l ss ,sa 2sS s5sSi 5a3 ss tts
surnlus earnings s. $50 293 g, $50, 937 s3,O,7a7
Expenditures FOR con-
structioh, equipment, ..o.o 50, 49,. ,s,,.,
etc. -fV'Vio i-i'f'' ''''''s
Balance O, profit 81 GO ga s2.4l5,4O3 s2,Gls4il
The balance sheet of the company showed no
important changes. The amount of securities
held by the company was increased in the year
from s., s20,966 to S9,4ls,53l. The supply OF
on hand and Of coal on hand was
l,ttlo loss The funded debt reduced nv