New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-19

arss careful scrutiny in regard to the collateral
oecuflty. Stocks and bonds readily marketable
az tne stock Exchange We're. Of course, required.
im .he european markets money also remained
extremely easy. In London the Bank of Eng
i1Hu made no change in It's Cflicll rate of dis
count but In the open market the rate de-
cilhed from 2Is to IA per cent At Paris the
street rate was steady throughout the week at
IS per cent. and AZ Berlin at rs per cent.
me foreign exchanges were strong and ma
terlaily higher. The demand at no time was
acnNe. but there was a marked scarcity Of
commercial bills. and generally the leading bank
ei# manifested reluctance In drawing bills.
There was almost no demand for mercantile
mttance but considerable amount of sterling
loans was settled. The market closed strong
at 81 S52. and 81 SEX for long and short sterling
bills respectively For cable trarsfers rates
We're higher at 81 IS London.
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
four railroad companies or systems FOR the second
week in February. The total number shows
loss Of s4'.il7. or 81 per cent 1t has printed
also the gross earnings OF nfty-fve companies for
the first week in February. The whole number
shows a loss Of s7223l1 or lis per cent.
Second in February
cop,n~. sI 'sa s7d 'f' b nr~F s,i7 s.
40 First week in February
g g 5 tt bee T st: 55 a, q
Total 50 co.'s sGoioe.a $aslN CN2 Dec s72e3li III
THE W Ei.iN IN WALL SIitf.ET.
In stock speculation last week there were no
indications of early revival. The volume Of bust
ness was about the same as in the two preceding
weeks. but one stock contributed more than one
third and two stocks more than one-half Of the
transactions The movement in American Sugar
Refining. which retained the foremost place.
influenced largely by frequent and widely diverse
| reports from Washington in regard to the Tariff
| bill. The stock was strong and weai; by turns
| the reports were considered favorable or OPP
posed to a protective clause in the bill under dis
| cusson. Tie stock was affected also by the IN
| difference Of the managers in regard 10 the an
| nual meeting Of the company. and their refusal
! to publish any reports In regard To the business
! last year until the meeting should br held Az
| the officers have taken no steps toward solicit
| ing proxies, and as presumably they do not hold
absolute control Of the stock. ii evidently is their
| policy To withhold all Information from the
shareholders until the tariff question is finally
| settled. After an extreme decline OF nearly -
Der cent, the stock rallied easily. ana at the close
| Yesterday its final loss for the week was only
| 1la Fer cent OF the other industrial shares. Dis
| tilling and Cattle Feeding was quiet ana heavy.
| with a final loss of ils per cent. In the railway
! lis, ST. Paul was unusually active at declining
prices. but It's loss was only ia per cent o'ter
| Western railway shares, espt Tla!y thoS" IN tie
! Granger group. were weak. but after many nuc-
| tuations they closed only fractionay lower. ON
! small transactions Newly rk Central lost per
| cont I'M, market closed with a dropping ten
Gency. although last prices were by no means the
lowest for the week.
Speculative activity, perhaps ought not 10 ur
expected while Congress continues 10 discuss
fruitlessly economic and financial subj rcts Mcr-
| chants and manufacturers are justified by the
| uncertainty about legislation in not engaging
| extensively in new ventures Their apathy ar
| fects deeply the. transportation interests OF 'he
country. and the falling off In railroad earnings
| explts an influence on the consumption ana buE-
ing power of the people. TIL" stock market mas
| become therefore. merely an exchange Tor ~
| significant transactions between prolrsSi3"a
| dealers Prices Of many Stocks are considered 10
| he low but holders show no inclination To DuN
more and public interest at home ana ABROAD "
utterly Stagnant =, 49,,
| week was sufficient - arouse some api'reh"hSon
Of gold exports. An outward movement oil goo
would be somewhat remarkable. III view Oh tie
! condition Of foreign commerce ana IN. pro-
| Hanged Uouidat!on OF the debs owed 10 EUROPE
| Tho figures for the foreign trade IN January
| which were published fcW days ago. sho" an
| EXCESS of merchandise exports in the m'hlh %,
s34 es7 900 and for the seven months 81 tht rs Al
| wear an excess OF exports OF nearly S-V'voVVO''
| In the same period II the preceding iis'al !,1l
the merchandise balance was IN laNy 30 ~ !oo rn,
! country only by The sum OF about $t-'.oV'Vp'
Thus far in the present month imports ni M
| chandise at this port nave sltduiIy i"'e' ~.
! UhiI. the EXPORTS Of merchandise nave near!
| held their own In comparison win iaS' Ec@', 90,
| though prices Of products have De-H n,rn - 49,,
r. g. not plain even that Europe Is seihng iieeIY
| American securities. SpecuatNtIy, inc l"I''e"
markets may be said 10 be bare oi pom So ,',s
| and bonds. For many weeks thr ~ ol'' ~ a. ',,
ness between NeW-IOrk ana lohu ," ,,..19,,,, ;,
| ON so small a scale that il would De- uiIH"' ~ ~
| cav ON which side the balance might IaI, -
| must be inferred, however. tnai, II an ou,M' =
| movement Of gold should be started !, mus ~
| dino Ia the unseen balance caused bl f"c - i"
! ~ securities The lin" In tn" pil'" 81 ""r"
| ,rhich touched the lJw - poin' on rec, ~
| huying bv exporters. but shipments nav. -" u.
small and slow. and g. Is not inlposslpl' 'ma' -
rail-, in the price might lead 10 the reSr'''"s VI
/ the wheat ia this market. r.1
! The recent bond transaction may De pr ''',
., no closed only small amount 81 'n| I''D
e(~i,ti,ns remains unpaid. The lcSai-tchl o. ti
sncn has been restored but the lreaSu'f ''.r IVA,
in addition 10 +; only $5C2o.@&2 OF til' {,
~ s5S 900 900 which the Treasury WIZ ~, non oon
bas e9irel in actual coin less IMAM so-'oV,y,',
Tn exc.ss above the legal-tcnd"I i'Sr' VI -
email consequently. that a renewal %, - al
,n~ts ,rnuld result probably In the Dana "a
i,,,, below the 800 OOO.00s reserN" me i" a.,
- ,rerchaudis. are insufficient To r'p,' ~ =, 80.
,rraaenry's stock while the expenses 81 t"' -,
N,',.,'t continue. 10 exceed the receipts az Wv
ra,o ~ nearly So O00O 900 a month. Al IN , .b
iueinoss Yesterday the expenditures eAo%. , ,to
Inns in the month by $,2%'i5' il" - go ."
1vcces ~ expenditures since July j. %i''' ..,,,
I.,io,yinp IS the usual table. giving '", Nom ,.
,r - shares sold of all stocks. the hsii'@ ,.,,
"c, ar1 final prices Of the week. 'vEr'n', VA
H. DIAL u,ices Of a week ago picH"'' ~ '
'.r.re nrices Of February Is. 1873:
THE WEEKLY RANGE.