New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-26

MEDIATE revival. Rates advanced until Friday,
, nu' icr short sterling especially they were a
niue easier yesterday In spite OF the sHsnt
concessions The marie: closed firm at about
81 S6i4 and 81 IS FOR long and short sterling bills
respectively. Cable transfers closed at 81 SS'a
RAILROAD EARNINGS.
The Financial Chronicle computes the gross
earnings of 1913 railroad companies in the year
ended on December q at s967.53s2 72 decrease
of $3.50 09s or les per cent in comparison
with the year 1882 and the net earnings at $291,-
9O1.02J. decrease Of Sl0.l296i2 or 3.3> per cent
The mileage Of the reporting companies was
li713S. against n5.1j2 IN the preceding year.
The Tribune has printed the gross earnings OF
four railroad companies or systems for the third
week in February. The total number shows Il
loss of $o5926. or 20 PER cent u has W.A,'d
also the gross earnings Of hfty-throe companies
for the second week IL February. The whole
number shows a loss oi $2i2.So9. or 80 per cent
1886 1924. Difference &c
4 ca comp '' s,iGaj2 s-loIG Dec Sic59ac i25
sl"i as sic go n? s s s:t5ls I e.
Total % co.'s Se4,s &C. s5.aa5.>as De S,i-s.9 800
THE WEEK IN WALL STREET
The dealings at the stock Exchange last week
were purely professional ana in general con-
fined mainly To The industrial shares The total
business barely exceeded 100000 shares. and Of
this small amount the transactions in American
Sugar Retaining furnished over one-third. ana
with those in Distilling and Cattle Feeding con-
siderahy more than ore-haf Other industrial
stocks were much less active. but they attracted
more attention than railway stocks. In N" rail-
way list - Paul held the foremost place. hut
the transactions in it We're less than f3ooo shares
Il may bc guessed easily that the general inaIket
was virtually neglected. -. Paul moved with
in narrow range. but was tolcrably hlnl, ana
closed a shade higher than 1t ga week ago.
Chicago. burlington and quincy recovered three
fourihs from is dividend az Ia per t'n', pu1
the declaration Of the regular dividend gave
rcithc, lie nor strength t. the Granger STOCKS.
Tho continued stoadncss Of these stocks proves,
- iry1
both here and IN Europe. EVGently thcy are
convinced thai the worst in the SITUATION ha9
/ been passed and that the next chaHEe IN 'hc
TRANSFORMATION business Of the country VIII Dc
FOR the better. Unhappiiy. PERHAPS there naVr
been frequent rumors Of rate cutting c.pcci''I
on eas;bCund traffic. The low prlcr ol Wh1a,
and the small movement toward the seahoard
make it almost impossible 10Y railway companies
/ 10 exact full schedule rates. Economies III oIei
/ alton may enable the railroads 10 secure Il ldlr
/ nrnG, oven from the low rates which they Oh
/ lain. 1t is certain. however, that the Western
/ farmers will not consent Willingly /" pay irNu
/ la~ TRANSFORMATION charges when prices 81 '4'''
| PRODUCTS scarcely afford them a reaSonabic re-
Turn For the next few months Eastern anu
/ Western trunk lire railway must ~ Von,'..
with an extremely small business. hut IN most
cases This condition has been anilclpat'H anu -,
some extent provision has been mao ~ H. -
me mex, harvest should he large ana laV"i-
able one the railroad companies "'S"' V"'''
a more profitable traffic. ,,..,. -.
/ IN General il would seem to require niue 20
rc-osiabhsh confidence and 10 procure lrn.'a,
. I'm business Apparently one Of the most serious
. ,be,aeos is the uncertainty in rSaIu /" y"
tional lcgislation II IS 20 De hoped tha' i., ,
tant progress in the discussion OF ta,lm ,
mo- IL. made in the senate in IN" COMING w n
/ The COMPLETED tariff hill * 80 be- suhiN'",u, 80
/ ,ha ful committee tomorrow m"Tl'lllt' anu u
/ M further changes should be- suggested IN
IN, 49, i;,,l. DELAY IN bringing the measure pc
Co.,. thr senate. TN. question will then aflS,
/ rrho,har I'M. changes which have been mauo li''!
be adopted readily by the lo"r' '-o~,, .n,,,i,,ce
gross In that event conference .Vii'.'.,, .,i
y,.W he The inevitable result hrt MA. WI
nrolonC the discussion incehhi''l'' -. =
the lower house viii consent ~ az, ,,v,ne
any ON sugar i'm lieu OF lis iri scheI ne 81 49,
i,r,,as remain. to be seen. 1t Is entirety ha'u a.
ina both in business and speculation mn 49,,
Inc l9ath 90 enter upon extensive '!' 81 r '''
~, 49, ,rea-t9iuitv about the action OF CON
.0ra"s has not been relieved The attempt Whl.n
rather To issue certificates against L III a., '
- ~. o,ir1ge also adds 20 IN" uncertainty '
thoi,rh there is everywhere common "'"'' wa
such a bill will not he permitted % "e''''1
Tn. strength of ,he foreign EXCHANGES IS eN
/ ,raordiuarv and H. come respects H. NP... -D,
There is ~ imminent u"NE,' b.. ,i. arc hicner
although actual rates oi eNcHiI'be a. ,,,'.,,,' r
han tho y.c,. when the last out"Arl il'oN
If go,a took place The strength oi inc r'H 1at
however is due more to the Tciuc'd'.'' VI ZOO ~
=, ell their drafts than 10 I'c'O h'
Tile demand for remittance IhrIe - aiio ~,
Ince,nrnf for bankers To reduce theiT Dd""
. abroad where they can siiN get n''' ~, - Is
/ t..roc, ,ban prevails IN this Country NJ =
moreover no European need o' = 49, 1,a' i.~, H.,
o,cp,'v no European government "' '.'' -, 49,.
. siitutiOn viii offer q premium ~ ",',ling q
.h,,r statoments last week. b'N NC :. H.,
t,,o,,d AND The Bank of France hc!i We l"l :
~ reserves on record. Tn" cNcnaHt' ~ ~"
+ a., ,orr,,y that litile turn IN the d'"IiI :" =,
sudden movement 90 securities ron .t -, li
-. IL, .,iol,f max. necessary exports ~ p -
, 81 the moment European No. 49,, ra, Wi
10 r.itb.~ l.ivirE nor selling AMI l'"" 49, J.
g., Ia London confidence IL iH''" :. -, -
,.er, General although bankers pI,n'', ,nlS
N'l: ..,,.'r, fu-f come from the New i'''
,oartef 4 few favorable d'Nc'"p.tf.. h,. = IN
ari g., our railroads or definite d'l"n ~ tcb
grrss I'm the direction Of una a. a,,naren
Tur,rear demand when III, "tp' 49,,
- - c,,i'stantfal bonds ana S'"'h7 - " ~
..1,ate might make II difficult 10 S",9.' al
he other hand selling .n9V.ll'il ,i6 Inc ais
H.. started either II conlIce 'i'. ir an,. IN
: ,1d -. un,.ise legislation hero, OF ~ "'' ~, 49,
F. fortunate occurrences '
, further liquidation. ,..t.l ebar.s whic
Ill. was the only interesting '''''' ,,,.,1ca
market was extremely lTI'H"D'" - having AZ
c,,g|r refining advanced %t"hH'.H "' ,',;i' - .,
II ''"''' -. co. inside Interests in the c"i.iI'r -
. ac,a,icn that finally Congress ~, WI g., clos.
: r-ot~c.ion I, refined sugars -N'i' a.. s,n.
: f. fraction below IT'S nis" ~ Distilling an
% lined 4 per cent IN the WeeN. -. jir.c,i,,
. t.idinp moved in ID" oup'si'v u'i . ,
% 81 49, latrat selling was ackno"'.ut'u o.,
, Gnu @ Wes.rrn account It's final loS' we s,,rt
; cent. In both casrs , ,nr
. pIDITsSIli", g. Tho usual table. giving th' nun,
. sbar,.s sold Of all stocks. thc hs rs. i,
, ~, and final prices Of the week, 49,. hv -
= the final prices Of a week a. az ,eS2.
: ".erage prices Of February - l''''
3 TIE WEEKLY RANGE
, r.b-Ac,uai saie..-Ts,o. TI9e0' .tsq
3 ~, = I ls;l t cs, na,l. is5.i. '99iae
: A,ch Top & FL. 322e IT,, ~ d51. e.. So j