New-York tribune., 1894-10-22
sterling can be exported with profit is 81 SS for
bars. nd q forc

money market the amount OF funds in the banks
being almost Unprecedented at this season. Most
people who have money don't know what to do
with it, so let il lie in the banks. During the
last week however. there was considerable ac-
uVlty in Government bonds, showing one direc-
tion where investors seeking TO place their
funds without fear Cal loans, which have so
long ruled at per cent, fell TO lsNl per cent. the
first real break of the year to below per cent.
For short dates little or money is in demand.
and for time money the demand is small. Rates
are per cent for ninety days, ana
Commercial paper also rucl low, with great
competition for the best names so that 6o
to so day bills receivable OF the choicest Kind.
We're at 2iaW2% per cent: fOur-months paper
with prime single names went freely at , per
cent and the same quotation is given Tor M @ ioui-
months commission house names Good paper
but mot we'll knC Nn" was at Az and upward
Bankers balances were offered IN unlimited
amounts. Renewals were made at per cent;
which was the best that trust companies and
banks could do. There no great demand.
either, for rst-class mercantile paper. of which
there moderate supply. Quotations
ranged: For 60 to 90 days ndorscd bills receiV-
able 2l2M2& for fOur-months commission house
and prime four-months single names. per cent;
for prime sX-months. 204; for good bui not so
well known. to months single names. 4i2Ho1t
and occasionally per cent.
The foreign markets were affected more or
less by the precar!ous condition Of the Emperor
OF Russia. but his death is perhaps already as
counted. so far as its influence in hnance goes.
Declines were not generally serious. There were
no marked changes in London In the rates Tor
money. and British consos for both money and
the account fluctuated slightly closing the week
al 1917 for both money and the account. against
1O1as on October a. and lOl Sl6 for the week be-
fore.
French rentes showed wider fluctuations as
might be expected from the close relations be-
tween Russia and France
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
thirty-nVe railroad companies or systems Tor the
second week in October OF the number hlne-
teen companies returned gains Of $29S,1S5. or 80
nd - con C.
3S6 or 1O9 per cent. The total number shows
loss Of sl2465l q per cent. 1t has printed aso
the gross earnings of sXy-two companies Tor 'he
first week in October The total number shows
loss Of $3.50. 252, or per cent.
Second week in oSle9S 8, o S 81 d M Inc ssS ss 90
iG companies 296i24l 2'S3s.5'o Dec $3.50 w.
Total a. cos .s5ec9io7 S5.sisi5e Dec N2t6'l 81
30 f1 r5mnsnS wgCH IN Cos o,, Inc
$2 companies " ;;aso$ $ai $iii3s Dec 'e'2os i4s
Total g. CO.'S. .s7757 oso s7se7 7s7 Dec saso252 80
ON THE STOCK EXCHANGE.
The principal things which affected the stock
Exchange during the Week were the shipments
abroad Of god a reduction of the dividend on
baltimore and Ohio stock. the condition OF ior-
eign markets owing to Illness Of the car OF
Russia and the Ameer Of Afehan!stan. ana pos
siby the report Of the conservative utterances
Of William Roberts president Of the Pennsyi-
vania Railroad. Less gold went out than was
expected. 100000 being taken for Tuesday 10y
one firm and $500 900 by another for SATURDAY;
and while the market reflected the rear OF suCn
exports early in the week. II must De said thd'
later traders were less affected. either by the
fear of the fact the fact itself While the
n arkct was dull stocks were steady and pretty
equally closed the week with prices u thelr
credit Conditions Of depression in the foreign
markets were not felt here very much william
Roberts's opinions. hailed IN some quarters aS
highly optimistic. were really conservative; ne
predicted Improvement but gradual improve
inent only. There prompt rally from the
influence Of the Baltimore ana ONO dividend
fher F'
the continued absence from the market of IN
vcstors. \ great many people are d'uoNtss d!S-
satisfied with their holdings, but they 90 not see
where they could put theW money II 'hey s'l
out, To better advantage. 50 they walt 'therS
delay, probably. t. see the result oi the eIGct'ms
next month. and. despite their personal pom
tics admit that Republican victories would I'M
prove the financial outlook.
In the actual trading the Industrial group
led az usual. Of late. The greatest activity was
in American Sugar Refining, which was gen
orally firm and closed the week al Mss against
S3as On october l3 It's movements wsre uur -
manipulation, but not always ny ihs'ncrS. o, rcn
eral Electric was second in activity, ana suffered
all the week from bear attacks. very little long
stock being sold, however lr'ttE E'h'i""E w
stock Welded. but the moment me pressure was
removed It rebounded. Its fluctuations "'i'
with,n AZ no,nts and Il closed at 347s. acans;
27s. n week ago. There authentic bad
news on the property; but. on the contrary H
the opinion Of its fren Is it H. in fairy good con
/ dtion with an encouraging business western
| Union was also heavy. but prei'E hearE re-
! covered It's loss by noon today. closing al N'fs..
Tho Craugcrs led the railway Hst, ana Sh '"'u
strength and fractional gains under covering ~
/ shorts when the bears found that no long stock
/ was coming out. ST PAU was the princiial
! pont Of attack the excus" being IN" uniaNof-
/ able showing for earnings for the second week IN
/ october: but it rallied from its lowest point .s'S
| and was quoted finally yesterday AT tl's. Inc
| nrices Of the other leading Western roads for
/ last Saturday and yesterday, are as i"Hg"S'
! Rock Island. jsA week ago, boie TO-DAY
| burlington. 73is. against 1874. NJrth"estefh'
Tn ne rcnnral iis. was not active bu, showed
strength Louisville and Nashville. Manhattan
! Elevated Reading and Missouri Pacihc t'geim"r
furnished over 20 900 shares IN ;ho trading me
| nnlv one which shovel weakness was Man
! haitian. which. finally. last Saturday. was Al
/ ttfn aeains. lO72. yesterday. The talk about
munciral rapid transit and decreased earnings
duo 10 surface road competition. was doubtless re-
en,neiblo for this state of things IN Mahhdt',I'
Tialtimore ana Ohio while conspicuous Tor i'H
/ hrnak Of five points or "Wednesday, only SHOWS
sr,nC hing over 1000 shares traded In IN me
whole ,hc market for the week whllc du'';
slowed strength and, on sales Of N6ooNo Close"
hrm. , .,,o ,,,,.,,, the num-
har ~ shares sol Of all stocks, the hghc9' IoW-
ne, and final prices Of the week. tpSctnct WIN
,ha Gnal prjccs Of "A week ago. preilXcd pE Inv
arcraqe nrice Of October u. 1898:
THE WEEKLY RANGE