New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-24
The following table gives the rates OF CONT
cantal exchange during the week:
RAILROAD EARNINGS.


saturdays RAGS seldom change from Fridays.
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
ffty-four railroad companies or systems for tho
second week in December. 'Of the number thirty
six companies return gains of s295,4S7. Of per
rent. and eighteen companies losses of s226.229.
ar 81 per cent. The total number shows a gain of
ssS1SS. or per cent. The gross earnings or
ff,v-two railroads for the first week In December,
as printed in The Tribune last Monday, showed a
gain Of Ss1.195. or IL per cent. The following
table shows the gross earnings of fifty-four COM
NAMES for the second week, compared with the
same week a year ago.
s ss; $ :ss: Sst bee bee s s Il
ro,,, a cos. so77s7s7 se.s4so25 Inc. scelss 10
ON THE STOCK EXCHANGE.
The characteristic of the stock market during
,,s HOLIDAYS is almost invariably dulness. and
las. weeks trading not exceptional. Dulness
and irregularity prevailed, and such advances
az occurred were mainly due to the covering or
short contracts Little hopeful talk was heard
among brokers; and when their experience OF
the last two years is remembered, their DIS
couragement is not extraordinary Yet, from
loco interested point Of view. business prospects
have generally continued to improve. The VAN
darhilt dividends were the scale expected. ana
indicate that the directors of these roads are
not respondent about the future immediate or
distant While the financial statements of the
companies concerned were painfully condensed,
vet they made an excellent showing. II the roads
were skinned 10 keep down expenses, ii must
be admitted that they had previously been put
into condition TO stand the process we'll Inc
auction sale of cotton staples was certainly
factor Of encouragement 1t was ATTENDED DH
represent atves Of about go firms in different
parts Of the country. and the prices obtained
we're most satisfactory. They mark a consider
able decline below prices current in the market
hut one must take into consideration the prices
Of year ago and the quotations for the raw
material at this time and in 1898 The con-
yersation among these 25O or more buyers was
cheerful. They said that New-fork was the
only blue spot in the country.
There is wide divergence of opinion touching
the wisdom of currency and banking legislation
now Some men think that the laws are so Dad
that any effort to reform them Is commentaries
as being a step forward; and that If the acts pro-
posed are bad. they can be amended properly
Others hold that the country Is not IN condlu9h
even TO listen to the wild schemes sure 10 be
proposed in Congress when once ,he SUIT -
up: that a little prosperity is needed 10
strengthen the nerves of the commercial puplc
before reforms are discussed: The inclination 10
deal in American securities has not been heiped
abroad by Mr.. Carlisle's bill On Monday. When
II was reported TO the House from committee the
effec, on the local market was decidedly bad: the
action Of the committee on Friday in agreeing to
important notifications exerted different IN
frercr And the adjournment of Congress Tor
tha HOLIDAYS was regarded emphatically as bull
point Gold exports continued but aside from
the dislike of seeing the gold reserve in the red
eral Treasury reduced in this way, the erect
thereof was not severely bad Indeed the COM
mercial community has become rather callous on
This point The merchandise trade is reported 10
be in good shape
Finally 1t may be reasserted that the country.
since week ago, has advanced toward prosper
Ity-very slowly but still advanced. Railway
earnings were little better in the southern;
Eastern Middle and Southwestern groups ana
talks with men from different parts OF the couh,
try and reports bear out this view. NO good
effect upon the stock market. however. is 10 pe
looked for Immediately, but let Washington Keep
its hands off business for while, ana lheh
happier condition will be seen.
Stock quotations reflected the conditions men
toned above. They were heavy earlier IN me
week. but after "Wednesday improved snghty IN
tone Yesterday they were heavy Oniy the
specialti-s were active during the week. Amer,
can Sugar Refining reflected less underhand
work than usual. but closed at 1894. chicago
Gas was well traded in. pretty strongly sup
ported and gained fractiOnaly. Consolidated
Gas advanced several points. All the good stories
about IL are denied and all the denials disDe-
ueved Apparently some beneficial arrangement
with the East River Company Is being planned
or has been contaminated I9sulnng ana "a!
tie Feeding was weak. but II ought 10 De pet-
ter now Western Union was strong. ana the
Changers while neglected. showed hrnness -When
attacked The same may be said OF the genera
list Reading active on quiet little arDitIdse
operations by Philadelphians against thls mar
ket Moreover. as time wears on, the chailces
OF the Junior security-holders in the prospective
reorganization grow better. Southerh !aimaS
shares were not Sc strong as might nave
been expected The bank statement Yesterday
which is analyzed elsewhere. was not encourae-
Ing II affected the market unfaVOrapiy' pu'
rs figures were not really so bad as they looked;
Railway bonds were active. 1t Is indicative 81
a panic-strcken state Of mind-the ught grip
with which owners hold on 10 bonds which pay
only about 3 per cent on the Investment "heh
such securities probably could be sold 10 az,
vantage ana excellent bonds. paying between >
and at least purchased with the proceeds. iet
a considerable business along this line must ue
reported -, ,,,,,,,o,s
State issues were active, especially NrgihldnSS.
Southern bonds generally are expected 10 PIN
up II the reported prosperity in large spoIs ID tic
South is genuine Government bonds oecilne ,i
the s. Ia point decidedly below what the Syhul.
cate still asks This Is due to the llkeinood UNI
the FEDERAL Government will be Offering more
bonds presently >,cr
THE WEEKLY RANGE. .. 49,.
The following Is the usual table giving me
number az shares sold Of all stocks the hisHSst,'
lowest and final prices Of the week togethei WY" s
the final prices OF a week ago preNAeu ny '"'
average price OF December %, 1893 49,, <u .,
The following are Saturday = quotations "' u"
la,esu for these unlisted securities:
80" w - Bid.Afked.
B.l,, s., .,ock ior5 j. Dul & At pr ,s IA
BUS a A. 81 Az Long Is irac |Oi"7' -