New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-16

- RAILROAD EARNINGS.
the Financial Chronicle" computes the gross
earnings OF l2% roads. reporting for June. at
%$ 0ssS64 on 95,404 miles. decrease OF 49, O56 927
with an increase in mileage of LIP miles. The
percentage Of decrease in earnings 2l4S
per cent. against 1855 1923 roads in May. 1876
on 10 roads in April, and 1926 per cent on 1923
roads In January. For six months ia roads show
earnings of 1920 $50, decrease Of s4l,G1G077
or Isl per cent. Many OF the roads report
Ing for the first week of July show how severe
have been the losses from the railway strike and
1t is to be expected that extremely poor returns
will be made for weeks to come.
The Tribune has printed the gross earnings OF
thirty-seven companies systems for the first
week in July OF the number six companies re-
turn gains Of s64.sl3. or 2S per cent. and thirty
ono companies losses Of 81 36 sec. 1921 per cent.
The total number shows q loss Of 81 291 05S, or 294
per cent. 1t has printed also the gross earnings
Of siXtyeight companies for the fourth week in
June. The total number shows loss Of 81, ,266.
or 200 per cent.
FIRST week in July
companies saso SO ne So ss
81 companies. 4i7o52o 2'sosses Dec SEQ a27
Total 81 cos. s.. 4Ooass saioaal5 Dec si:a7o5a ga
r9%r,m %nsS in sI 7ss so,e Inc o4 IS
&C. V comp"ne. so6s sos discs Dec $1,000 as
Gs IS 200 G3e SOL $40 Dec sl75o 2eo 200
THE WEEK IN WALL STREET.
The Stock Exchange markets. after exhibiting
remarkable foritude while mob rule was SUI
preme at Chicago ard on the Pacific slope re-
spOnded fairly well to the favorable change In
the Western situation. Although contracted with
in narrow limits both bond and stock markets
have been more active and higher. The increase
in dealings in bonds has been greater proper
tionatey than the increase In the share specua-
ton The total sales of stocks last week
amounted to 1888 shares. against 45o496 shares
I'm the previous week. Cnhappily the improve
ment in values was principally the result or
covering OF short contracts and the manipua-
ton in the industrial shares remained uhduiy
prominent London assumed more encouraging
attitude but its purchases were not important
An advance of per cent in Louisville and Nash
willie was the only conspicuous evidence OF loreisn
support. Chicago. Milwaukee and 81 faul, more
representative international stock. gaining less
than a full point feature OF the Granger
group was the heaviness OF Burlington and the
Strength Of Rock Island. The leaders of the spec
uation were American Sugar refining ana
Chicago Gas. which absorbed nearly 90 per cent
Of the aggregate transactions. sugar was eH-
tremely irregular. although II moved up per
cent Nothing definite Is known as TO results IN
the conference committee q congress. Du' the
market manipulators encouraged the idea that
the sugar tariff schedule would be satisfactory
10 the Trust or the Mckinley protection would
stand The wide fluctuations in chicago Gas
were the result of realizations, and in spite OF
late sharp rally the price closed lower Distilling
and Cattle Feeding was weak in the late trai-
ing on Washington reports that me " hskey
Trus would not get all that 1t wanted from Con-
gross. , CO..
There is a growing sentiment In Wall street
thai the recent labor troubles, with all their seri-
Gus losses were not without compensatons The
prompt action Of the Federal Government AFFORDS
precedent for suppressng disorder affecting inter-
state interests which ought q add security 20
corporate property. The crushing OK the strlke
Instruction evoked a gratifying display OF Ma
tlonal spirit in the United States Senate and the
Southern press. The public support given 10 tnr
Government was 50 general ana rose 50 hiEh
above craftsmanship "a 10 show that the great
mass Of the people believed IN law. order and the
rights OF property. The events Of last week drew
forth an exhibition OF the stability Of the Govern
,nent the union ~ all sections and the health
fulness Of public sentiment that cannot fail to in
crease faith and confidence in the Republic, ooth
tnfie teal -
defeat If the strikers Will lessen the power OF
tyranny in all labor organizations. and the rail-
roads may now be able 10 re1uce theH forces
and the cost of labor until better stare Oh DuSi-
ness prevails
I, may be doubted. however. whether sentiment
can move the speculation. surrounded as II is Dy
SO many adverse conditions. No one can say
when tariff agitation will be ended by definite
settlement or whether any settlement at all VIII
be reached. The present crop outlook Is goo.
especially 50 for the corn crop, and II favorinS
weather prevails the railroads Will be assured 81
large future agricultural tonnage But there
are too many contingencies affecting the progress
Of the corn crop to warrant an entirely c1nndent
view in this direction. The Treasury policy is
still one Of waiting upon the haphazards on ta7n
legislation and theory Of what VIII follow ac-
ton by Congress. The situation IS 50 abnpr'naI
that the usual decline In the foreign exchanges
at this season cannot be relied upon. ana ,ne
movement Of gold abroad may YET revive Snih-
GENTLY TO embarrass the administration ~ the Ma
tiona finances. Tho recent activity OF several re-
organization committees and numerous protective
committees ~ security holders simply means
sparring for position. and ne yet no real progress
is appsrent in the rehabilitation OF the great rail-
road systems now In the hands OF the courts. In
brief the survey ~ the situation az large SHOWS
that uncertainty Is still the operating element.
Speculation in consequence rs staEnant, ana fhc-
tuatons tho outcome ~ professional opera.
tons. II is all the more gratifying mat general
depression doesfnot increase. ard that securities
up 10 the presfit time held AZ with the grip
81 investment against the pressure OF unfortu-
nate circumstances and an uncertain outlook
Following is the usual table. giving the number
Of shares sold Of all stocks. the highest. lowest
and f1na! prices Of the week together with the
final prices Of week ago. prehxed By the aver
age prices OF July 49, 1893:
THE WEEKLY RANGE.
RAILWAY STOCKS.