New-York tribune., 1894-06-04

Totals .4ti.HJ3Gp HolNOo 40 ~ -
The bank exchanges OF the New-York Clear
rg House and the stocks sold at the New-York
Stock Exchange last wee, and for the week Of
the p~eoeG ding two years compare as follows:
Exchange. 9@' 8 .%a: ! q 3, 179' :
THE MONETARY SITUATION
The local money markets We're unchanged in
tone. Offerings were far I'm excess ~ the de-
mand. although some lenders hope to strengthen
rates by Withdrawing their funGs. At the Stock
Exchange call loans continued T. rule at per
cent and on time rates ranged from that figure -
2lhG3 per cent for periods OF from thirty days ~
a fun year. The market has not been pcrcepu-
bly, affected by exports ~ gold which last week
amounted to 81. 1000 There was little doing IN
commercial paper. because the supply Of first
class names was light In the European markets
money was. If anything. Rtle easier although
there was no matci!al change In rates. The
Bank Of England maintained It's official rate. but
in the open market discounts were isVA per cent
and bankers balances were loaned at about q per
cent
The foreign exchanges We're quiet and shade
lower but they still hung around the gold-ship-
ping point Exports OF Eoid ,c a'n1un'ra no" TO 10
preceding week The market closed firm at
81 s7la and "a sSi2G sS4 for long and short ster-
ms ''''' RAILRGAD EARNINGS
The Tribune has printed the gross earnings OF
sxty-three railroad companies or systems ior 'ne
third week in May. OF the number eleven com
panies return gains Of $S3sSl or l5,os per eehi.
and nftv-two companies Losses Of N.@s9Vl5. or
2S 81 per cent the total number shows a loss OF
:l.SoS132. or 1914 per cent
Third week MAY - -
- lssa !,@c., ~ 0e rnt RH'r'.c;' .|;>.l isc,
81 eompanles sor co57 s6a .Gcso4o Dec iaNoca 2sSi
ro,a, G3 co.'s se7I45sa &4li45i Dec sl.3o3.182 io1
THE WEEK IN WALL STREET.
rrarsactions in stocks were limited last week
10 loss than COO 900 shares and Of this small
amount American Sugar 'hnlng furnlsheu
nearly one-third. There was no DINER STOCK IN
1ea
a nar1Set Is unworthy Of extended comment Inc
price Of Sugar Refining may rise or ial put the
variations will have little influence. because II
is understood that they merely represent pro-
fessional trading and prospects Of tarln legisia-
ton SO far this stock ~ concerned. IL - ap-
narentIy immaterial whether the proposed re-
vision OF the tariff Is or Is not successful. In
one case there is the present protectich OF z
cent a pound. and In the other one nearly equal
~ not uerhaDs still better. No action mas De"n
taken however and most members OF Congress
would hardly be willing 20 approach decisive
vote while money might be extracted from W an
Street by grave doubts in regard 10 It's )udg-
ment There is a lot of speculative vigor In
Sugar Refining. and whilc the stock remains In
the unlisted department Of the Exchange the
market is not likely 10 be dull. When IT Is placed
on the regular list there may be an entirely ar
ferent story. BY that time the Stock Exchange
will probably have succeeded IN reducing nS
business to nothing. and Legislation may be con-
trolled from the Offices OF a New-Jersey cor
The Bank Of England holds the largest gold
reserve since the resumption OF specie payments
bv this country In spite Of the fact, and also
OF the low rates for money In London, exports
Of gold are continued. and rates for exchange
on all European points remain firm. Is the
money needed I'm Europe? BY no means. 1t goes
abroad simply because there is a reasonable
doubt about the financial policy Of the United
States The gold reserve OF the Federal Treas
ury may be reduced to sC0.0oO.000 but even this
will not excite alarm because no one really
doubts that the country will maintain faith with
its creditors. For this reason the stock market
IS stagnant but exceedingly strong.
Following Is the usual table. giving the num-
Der Of shares sold OF all stocks, the highest low
est and final prices Of the week together with
the final prices Of a week ago, preixed by the
average prices OF June 8. 1893:
RAILWAY STOCKS.