New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-17

consequential The market closed firm under
general demand for remittance with rates 4 per
cent higher than the previous week at 81 Sale
ard "a S51s for long and short sterling bills re-
spectively.
RAILROAD EARNINGS.
The Financial Chronicle" computes the earn
ings OF 1872 roads embracing 1864 miles, in Au-
gust at si2 1875 26l an increase 1899 of $685.
2iS. This s. the first aggregate gain shown for
fully twelve months and made in spite Of the
loss in passenger revenue, which was assuming
Importance at this time last year on account of
Worlds Fair influences
The Tribune has printed the gross earnings of
forty-eight railroad companies or systems for the
first week in september. or the number twenty
eight companies return gains of $3lS9l3, or 10
per cent. and twenty companies losses Of $2iSl6b.
or IS per cent. The total number shows a gain
Of $io747. or 06 per cent. 1t has printed also
the gross earnings OF sixty-four companies for
the fourth week in August The total number
shows a gain Of $60S.663, or So per cent.
Frs, week in Scpt.-ls.&. 1891. Differences J. e.
. 50 lsi $s?ll99 inc sals?is ilo
20 componies.... 3.1dG"Ss 34NNs2 Dec. 27S,i'd ."
Total co's... SO CO.. ia Sc 7o292l Inc. sp7i7 oG
Fourth week In August
s ;S 'ss as b I%s Sit 's
Total O. co.'s. ecl6os $40. rs PSI Inc Sdoso'gi oa
THE WEEK IN WALL STREET
IL Stock Exchange circles last week interest
in the country's agricultural situation was re
/ monthly crop report The deductions from its
/ figures would show a probable corn crop or
about loo coo 600 bushels. ana yield in wheat
of 4l000o.00o. The exhibit 50 bad that It's
accuracy was doubted in a practical way by
both the grain market and the stock specuIa-
ton Journals of standing and authority IN
trade circles agree pretty closely in raising the
estimate on corn 10 about l,5OO.OO.OO0 bushels'
and that on wheat to something like 500ooo-
coo bushels. If the corn crop has really ial!eh
off only % per cent from the expectations early
in the season. the advance in price OF 80 per
cent may render the aggregate value TO the
country of the shorter crop about as great as
was promised on the yield of 2,OOO,OoOOOO Dush-
els predicted two months ago. The localization
of the heaviest losses in corn Will affect rail
road revenues rregularly and hence bear
spectators have kept the Granger stocks I'M
der the hammer while Southern properties are
sustained 10y the immense agricultural yields
and development OF Industry PROMISED III .I'e
great section below Mason and DiXons line.
In spite of the persistent pressure OF snort
stock the declines In Western railroad shares
last week were trfng and an advance Is ac-
tually scored by Chicago Rock Island and Pa
cifc. the only granger company yet to meet the
crucial question of maintaining the regular rate
/ Of dividend
The stock speculation has been extremely dull
outside of the industrial group. which were
almost uniformly weak. American Sugar Re-
filming active and comparatively hrm'
but common opinion doubts the nam
tenance Of support after the regular dlNl-
bends declared last week have been pald'
/ In the absence of any financial statement. moth
ing can be inferred as 10 the financial CONDITION
complicated by doubts as 10 the Intentions ana
desires of the inside manipulators The sugar
Trust has made a mortal enemy OF the AneTl-
can people. and II is only question OF time
when every adventitious help in Legislation
now given to swell its profits Will be ruthlessIy
swept away. The weeks most serious loss was
suffered by Chicago Gas. the earning capacity
of that concern being temporarily obscured 10y
one of the occasional bear manipula'lonS'
based on a of gas rates in chicago us
tilling and Cattle Feeding declined further.
but its gyrations have long sine" ceased 10
interest any but the most professional OF pro
fessonal spectators. \ decline OF nearly per
cent in General Electric was the result OF mis-
| understanding a legal decision which in nowise
! fail Of 3 per cent in Northern Pacific preferred
! probably represents the growing conviction
| that holders Of the senior mortgage issues are
! prepared to insist upon their full rights IN any
! REORGANIZATION scheme. Philadelphia and Read
/ ing declined sharply near the close on hn'lma-
! tons that stockholders must submit 10 an as
/ sessment disguised in the form OF compulsory
subscriptions to new collateral trust bones
No one could seriously expect a r"conSti u.tlyn
of this property without cash cohul"u''"HS
/ from the stockholders. but II seems that as
scssmcnts have not been rendered lopuIar eN.h
/ after the gratifying results OF both the Rich
mond Terminal AND the Ne"-1ork anu wv"
England congratulations. ,
The reactions in the stock market are natural
I enough in view OF the sui sidence OF the
marked business activity. stimulated by the
rush OF deferred orders upon the passage OF
the new. tariff law Fluctuations in price are
little more however tina n a reflection or pTof's-
sional speculation, but thu declines accom-
plished have not been commensurate WIN the
| efforts put forth by operators for the snort
| account Railroad returns prove at least tenn
| porarv ending of unparalleled depression IN
/ earnings. bank cledTanccs ana trad" Reports
show an upward tendency In business ran
/ road bonds with any sort OF future nave bech
i'm active demand; strength and activity IN
all tho European markets lndlchte feNINai VI
| cnrGdence abroad. the maintenance OF regular
/ dividends would be incXcuSablc II corporation
managers had no substantial ground Tor "x-
pecting improvement ana i'H,icaI ,t,o
aara nromisng in hopes Of the future In these
| circumstances II Is not reasonable 10 look 10Y
change in the attitude Of holders OF securities
who chung to them through t"e 7"'9" "''N
trials Of the SUMMED
Following is the usual table giving the num-
| Der of shares sold of all stocks tne hltn,s'.
| ,n,roet and final prices Of the week. together
! with the final prices Of a week ago prenxed py
| the average price Of September l6 1881
THE WEEKLY RANGE