New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-30

.,a,aa1it for bankers balances. At Paris the
I've. rate for money declined from 1A to per
SIT and at Berlin the street rate was shade
GU err at -. per cen,.
h!ehs' tNreigo exchanges were quiet but exec Cd
I i strong in spite Of the gold shipments and
insH, AT 81 81: and 81 $50 for long and short
cloSs,ur hills respectively. Compared with the
closing RAJ " '' ''
ter1s Trjbunc has printed the gross earnings Of
I,rsix railroad companies or systems for the
fot, ,,.cok in April. OF the number eight com.
thru return gains of $4l.l4S. 143 per cent
pan ,birtv-eight companies losses Of $6l2612 or
anu nsr cent The total number shows loss OF
W. r.ss or 90 per cent. 1t has printed also the
Nrr earnings Of siXty-twO companies for the
srosSnOd week in April. The total number shows
SEES ,oss Of $500 $40. or - per cent as compared
~ the same week last year.
,,,,a week in April
s SES ,5%'9 Dee Dee !as 15 s
..,l 90 s'9ss.:ai s5.a'2.7c7 Dec s57iacl %
ss sti , ST. II: Dec Dec S 80
,,a g. co'sSGca5.i57 s5.si2,as4 Dec ssc2 saa 40
THE WEEK IN WALL STREET
SPECULATION in stocks was INACTIVE Con-
ass concluded nothing in regard TO tariff leg
tTon and on the other hand there were dis
Stances which prevented confident buying
~ march toward Washington Of the industrial
l..S~nies" amounts 10 nothing. excepting the fact
nal they represent popular unrest, but the
.5kes BY workinEmen in the coke regions. in
~ Unanimous coal region. end finally the i'm
a,y,snt strike on the Great Northern Railroad.
rsch may finally involve every railroad west
:. chicago were real factors in the market.
S.-angely enough the unfaVorable developments
"a the savage attacks by the bear faction have
secuted in no serious declines American Sugar
psSning and Chicago Gas furnished more than
1i."s.balf OF the total business The flrst-named
al need YESTERDAY [ n
asr of 6Is per cent. The excuse for the move
msnt is the common belief that Congress will
r-ant 70 the company protection OF about one
sar ccnt & pound. The reports from Washing
40, ,r NAV not be correct. but it looks very much
ne y the company had secured votes By the
"a, of the means we'll known 10 Congress loo
Mas The decline in Chicago Gas was due en-
,irslv 70 the decision OF the Accompaniment of
Illinois TO begin proceedings for the annulment
n the charter Of the separate companies OF which
!, il composed. Its final loss for the week was
nvsr 4 per cent. and its last price was by no
mans the lowest Otherwise the changes in
,ba market were not large. although they We're
generally declines, and the granger shares
ssneclallv were depressed.
For the weakness in railway stocks and bonds
there is the excellent reason Of a continued
reduction in gross and net earnings. To be
sire REPORTS of gross earnings are compared
with their favorable weeks last year, when
,nreparatiOns for the Chicago Fair were being
made The falling off in gross earnings IS at
tempted 10 be Offset by reduction in operating
pXDpnSeS
several months. and IL remains - he seen
whether IL can be continued indefinitely without
injury 10 the condition Of the railroads. Econ
ory in operation is At all times reasonable. but
Il may be carried too far Merely FOR senti-
mental effect the deterioration in condition might
be exceedingly expensive in the way of acct
dents and in the real cost Of transportation.
Meetings last week Of officers of The principal
railroads were without practical result. and rates
eastbound from Chicago remained unsettled.
Nominay. the rate for grain is % cents hun
dred pounds In practice il is PROBABLY rot
over Is cents and II may be still less.
Holders Of stocks. however show no inclna-
tion 10 sacrifice their securities The che1pness
Of money enables them u carry securities with
difficulty. while 4 also prevents large offer
ings in the stock loan market. In other words.
many holders Of stocks are unwilling 10 lend
them at the present low rate for money. The
scarcity Of certificates is not altogether real on
this account. In general. confidence IS strong.
no because Of progress in tariff legislation. not
because railroad earnings are favorable not be-
cause there is large public demand here or
abroad. but for the simple reason that the Amer
lean people have faith IN the ss bliity Of the cur
rency ana the future Of the country.
following is the usual table. giving the num-
be- 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. preliXed by the
average prices Of April %. 1893.
The WEEKLY RANGE.