New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-06

NEW
crossed hrm. although below its hghest figures at
ana 81 eo12 for long and short sterling bills
.vSpecuVeiy. Compared with the rates current a
sterling higher '
RAILROAD EARNINGS.
The Tribune wishes tc express Its diss,tisfac
uon with the manner in which some railway COM
par.eS report their earnings. So great a com
thought 1t necessary in the strike to withhold its
reports Tor two weeks The Wabash Railway
Yesterday reported the four weeks in July at
once, with the note that during the frs, two
weeks trafic was virtually suspended. 1t seems
iicreuiDe that railway managers think that they
alone had knowledge Of this Interruption OF trait
ne or that they should hold the opinion that by
Keeping back the returns they should gain an ad-
/ vantage ~ " 49,
Inc Iribune has printed the gross earnings of
elsn,een railroad companies systems for the
fourth week in July OF the number nine com
pa pan return gains Of slSlo4. or 1912 per cent.
ana nine companies losses of sle5539 or II Dor
cent The total number shows loss Of ST. 435 or
70 per cent 1t has printed also the gross earn
ingS OF sixiy-eight companies for the third week
l0'. or ia per cent
Fourth week in july
$50 ssS sss be- BE s ri II
T TS,a is co.'s s4a''ss7 Aa.ao52 Dec $l.a, rs
2 so%pSsis !" .%{ slae. 50 Ire ssssgs 90
/" companes.... ',4SG,223 4aiG5SS Dee 9.9c?5 1919
Total. cs co.'s. Sc Is. SCISSOR Dec ssuio7 124
THE WEEK IN WALL STREET.
s,di t.ie nSed De said about the speculation in
StTchs ana railway securities in the last week.
Iotai transactions barely exceeded $4,000 shares
and Of this small amount three stocks furnished
threc-hiths. American Sugar Refining fluctuated
within range of per cent, and recorded final
gain Of 2ls per cent. Advances Of about the same
proportion were made in 81. Paul. which was
tnrd IN point Of activity, and in Louisville and
Nashville and Missouri Pacific which. of course
were inuch less prominent Next 20 Sugar Refin-
ing. Chicago. Burlington and Quincy was the
most active stock. but 1t ended with loss OF
per cent. and Rock Island also suffered the same
loss. The advances were attributed with some
Justice. 10 sharp covering OF shor; contracts.
The bear faction evidently became alarmed
toward the end of the week. and. at any rate a
large part Of the trading short interest pro-
/ tected. In the loan department OF the Stock En-
change yesterday rates for stocks indicated that
the volume OF the short interest had been great
ly reduced. Reasons for the movement were fur
nishei by somewhat more favorable news about
the corn crop. by better returns OF railway traffic
ana more or less by reports from Washington.
Toward a solution Of important questions by
Congress no progress in the last week appears
L. have been made To be some indcflnable
and irresponsible rumors were circulated from
day to day, but rule they affected only con-
sideration Of the sugar schedule q the Tariff
bill They left that question in more nlystcri-
Gus condition than before. 1t has grown palmer
each day that certain members Of the National
Legislature are merely agents Of the American
Sugar Refining Company and that they are
bound II prostitute their high office to the pro-
lection Of that interruptions monopoly Whether
any sort Of Tariff biz can be passed which
does no. give that company practically what 1t
demands is extremely doubtful. For the honor
Of the country and for the relief Of industries
outside the refining Of sugar the two houses Of
Congress ought u agree at least on one thing
and that is 10 adjourn at once.
Agreement or no agreement. the action o, the
present session Of Congress Will probably be
equally useless. The interruption Of business all
over the country has become 50 serious and has
been prolonged that Il compromise Tariff
bill were passed tomorrow. an immediate re-
vival Of business would be impossible. II Is ar
gued. with a show Of spec!ousness that as soon
as Congress reaches a decision on tariff affairs
the wheels of industry Will begin 70 move de-
mands for all kinds II manufactures Will arise.
stocks OF merchandise 81 all kinds Will ninc-
diately be repenishei. and importers who
supposed to hold large amounts Of goods in bond
Will al once release them as soon as the rate ot
duty is fixed. and distribute them among their
customers. II the present customs Law should
remain in force these hopeful antiCp lions might
possibly be fulfilled but beyond questions about
the National credit. The gold balance I'm the
Treasury has fallen below 900. and. al
though shipments II gold were somewhat smaller
than had been expected. the strength = foreign
exchange iorholcs continuance 81 The move
ment The loss IN gold virtually Offset by
a gain In lega-tender and Treasury notes. and
from that fact some encouragement was derived
by those who can view a question only from one
side The condition o. the Treasury. according
To these theorists IL better and more encourag-
ing because the supply OF paper is larger than 1t
was. Let Il be supposed that the small amount
Of gold in the Treasury should be converted
a, once into silver certificates n Treasury notes
What then would be the condition Of the National
credit?
Following is the usual table giving the number
Of shares sold OF all stocks the highest lowest
and final prices OF the week. together with the
final prices Of week ago preiixed by the aver
age prices OF August .. 1893: