New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-02

Sausted at least tenpoIaInS' ei i,u "oycr Tho
vanoe loss There was practically nothing
Pc Yesterday. but the market Giossd o nilh az
DOM d;,ance Final rates were fully - 500! ana
me au ,,p and short sterling bills respectively
RAILROAD EARNINGS.
,,..,rr. las printed the gross earnings Of
Inc 49, railroad companies or systems for the
ny MA week in March OF the number I'VE com.
anies return gains OF M2S'i OF e., e. n% ooc er
pad 6fty-threc companies losses OF S.Vo''SSo. or
am nnr cent The total number SHOWS ioSS OF
$685., ic9. or ls S 2 per cent
compsaa,cs. S 5s'o 5@ 5i'5 Hcc o5o'd 40
',sc.s...s7 Suisse, sciaa 4-o Dec sss51oe 1870
THE WEEK IN WALL STREET.
y, the stock Exchange markets last week
y, tone and renewed confidence We're pieV@-
better rrhe volume of business in stocks was
ooSerae and in fac1 not very mHcn arg ,nSn
hat in the week betofe, put 1t Is o'G thnt
ina ~ tbe last the market was comparatively
t'"@." The action OF the President in returning
U,,,r seIgniorage eXerted Predominant hlu-
sNe' F9rly in the week speculation was some-
T rSei hestating but assui ances Of veto were
"nc and signs Of reViving confidence We're
nTous The plainest were the persistent
nun of securities for European account ana
t1e cersequent weakness in rates OF foreign en-
So,ga When the veto was announced Oh
gTnmrsdav prices yielded with some abiup'ness
hacause the message in some respects was as
onnointing 10 friends Of sound ana staDlr Gu.
~anrv In a guarded way the president r'yVE
Ie,i tho vicious and dangerous principle Wn'cn
lbs ia the fault Of the Bland bill. and he intima'ed
nlanly that under certain specified conulIiomS a
hiu for the coinage OF the silver seish'otdSe
pr ,h ~, receive Executive approval The princi-
nal condition is that Congress should au'hoilHe
he issue Of bonds at low rate OF ih'eIes.:
1ba message, therefore. did not nave the rlehI
LIZ LIE and fear naturally was excited that the
nncesson To the silver faction might not be re-
.ed fayorablv by either foreign or domestic
In
,Trronean account was checked abruptly. and at
'he close on Thursday the stock market pre-
ssn,e5 a slightly ragged appearance 1t is i'm
nossible to say what assurances, since the pup
,ation Of the message have enanated from the
ADMINISTRATION. but 1t evidently is the prevail.
INC belief here and In Europe that TINS part OF
~ message was intended merely for political
eject and that no silver legislation OF the KIND
will be sanctioned That the silver party IN
Congress is puzzled is shown by the TACT that
Mr. BLAND has given notice that on Tuesday an
sttempt will be made to pass the seigniorage
bjll over the Presidents Veto 1t Is not probable
cha, even the author Of the bill hopes for success
~ PASS a revised bill. without granting the de-
sirable authority for an issue of low-rate bonds
would be court a fresh defeat. and to iopulists
and silver fanatics proposal to issue bonds is
asa red rag to a bull. 1t is hoped. and perhaps
With reason. that once more discussion OF the
silver question has been sllenced the condi-
lion Of the Federal Treasury Is not SO strong
however that another sale of bonds may not be
forced before the close Of the fiscal year. and
wholly independently of the silver question Con-
gress ought to strengthen the hands Of the Treas
ry Department The payment of April inter-
est on the public debt may reduce the gold re-
serve below the 800 O00 900 line. Fortunately.
81 far as gold exports are concerned. imports OF
merchandise are light. while shipments of securi-
ties to Europe are unusually heavy.
The revival Of confidence abroad supplied the
most instructive feature TO the market. While
the foreign buying checked on Thursday, IL
afterward resumed on smaller scale. and
the demand might easily be stimulated 10
enormous proportions. Affairs in Europe have
been steadily improving for long time, and
American railway securities hold out the greatest
alluremenS TO European capital. Low rates OF
interest are borne with impatence. and as the
process Of recuperation in this country gathers
force accessons Of capital will increase. Large
amounts of stocks and bonds were sent abroad
last week. and while they can only be estimated
the movement extensive as to have a
distinct and important influence on the foreign
exchanges. One striking popularity OF the buy
ing for foreign account was the evident pref
erence for lOw-priced securities a great por-
ton Of the business in the stocks and bonds
OF such companies as Atchson. Erie. Union Pa
cifc. Northern Pacific and Philadelphia and
Reading. not 10 mention Missouri. Kansas and
Texas Wabash. Texas and Pacific and Rich
mond Terminal The progress that has been
made toward the reorganization of some of these
companies encourages specula tive investment in
their securities because the returns may in the
end. be very handsome
While the transactions in stocks We're not
large falling below 1000 900 shares the final
changes were almost invariably advances and in
most instances last prices were the highest for
the week. ST. Paul was the most active stock.
and 1t scored a gain of 2a4 per cent. The
Granger shares a group with the exception
OF Chicago. Burlington and Quincy. were strong.
and Rock Island virtually recovered its div-
dend Larger gains. however, were made by
special and industrial stocks. Union Pacific
rose over per cent in consequence OF the we'll
founded report that bill for the refunding Of
us debt TO the Government will soon be intro
cuced in Congress. The industrial shares We're
less conspicuous than they have been recently,
put some Of them made large advances. In
TACT the market displayed extraordinary strength
toward the end Of the week. and the closing
was extremely confident. If the business in
SOCKS was not large. the demand for railway
ponds was urgest. and almost Unsuitable. Re-
yssue
following Is the usual table giving the num-
Der OF shares sold OF all stocks. the highest, low
81 ana hnal prices Of the week. together with
.ne maj prices Of a week ago, preixed by the
Verage prices of April /, 1898:
THE WEEKLY RANGE