New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-27
RAILWAY EARNINGS.


The Tribune has printed the gross earnings Of
seventy-orc railroads or systems for the second
week in MAY. OF these nfty-four show gains of
SGI1 900 or IS per cent, and seventeen show losses
Of sl5s.l6i. or 1872 per cent. The whole shows a
gain Of ;iJ3 49, or ~ per cent
The Tribune has also printed the gross earn
ings Of twcnty-six railroads or systems TOT 'hc
third week in May. of which twcniy-o one return
gains Of s24.593, or 1873 per cent. and nve return
losses Of s2l.35l. l0S per cent. The whole
shows a gain Of Sl93,2i2. or Ii per cent
RECAPITULATION.
sscond week MAJ co 81 - 5s' s.e Rn'SsIffso 1870
Il companies. ll9GGD 1.o3N. AGO Dec. i'S'l0l III
Total Il co's 81 soao72 sea4csI Inc. si7a' 7ss ~
Third week in May.
q - 5G;S 80 "s s2 lissi 49,
Total &c co's..sl7'aoie sisaa.i54 Inc sloa2'2 40
OK THE STOCK EXCHANGE.
Speculative interest left the Stock Exchange for
a wh.e last week and centred in wheat Wednes-
day was lively day In the produce markets.
but by Thursday the situation changed again
and stocks attracted due attention. The incident
was due TO conflicting reports about the condi-
ton of the crops in the West. When IT was as
sumod that all cereals were badly injured. wheat
rose and the Changers were weak; when the
belief prevaiiel that nothing but small fruit had
been materially harmed by the frosts ana 'olu
weather wheat declined ana ralls Were pt'''i'
far as the crop stories are concerned, tHe tT"'H
seems IL be that small damage has been done
The decision of the Supreme Court against the
income tax had little or no apparent erect upon
values though properly regarded. II mas
strengthened them materially. since II is de
cided check to the socastic theory That the
state may deprive man of his property Simply
because he has more than some oth'r man
t-,.r.icn exchange again declined. owing To be
lief that the bond syndcate's good WORK oil
placing American securities abroad continues.
Bank clcarings show further Improvement ia
general business ana railway earnings nave j."
creased The revival I'm the iron trade ana the
announcement of higher wages in dfferen, par's
of the country should be noted The weight oi
the ant-silver convention al Me"p"s - ii VIC
tinct bull argument. ,. .,,,
The great question with the speculative PUBIC
and the traders big and little. Is. OF courSe' VIVA
is the market going 10 do. they seem To- w
waiting for something 10 happen which VIII al
Low them 20 form a correct Judgment mere -
a point: c. l.. Huntington maze tne I""a', 'r ."
January last. under CIRCUMSTANCES W..' 10 Ia.
Guided the possibility of insince'ltS' 'hdt il. a.
li.y.J the next five years would De the DeS'
years in the history Of this country WHiln us
lifetime The drift Of events since f'pi la ,, ,
firms this opinion which Is not Only !. = ~
,irgtor's bu1 is shared in by many p'her me" ~
rxnerjence and intelligence. ana II the J""b''
is correct then the presen' stock pl''S az
TO, high. hut should x higher ai.vi -,
reriod nf waiting on. or near To- '' P,. 49,
i.,.al Present confidence in future prosperity -
r.rhans discounted: but the public l. ias' a.
nuiring an additional store " hi'h IL WIZ "'So VIZ
,.,,,,f rs soon a. IL gets a Mite III NV, .
,rt,, s.,,l, ma r<e, during thu week showed Si"h'
;,,,.es md surfa .r reactions nav" Nf'lr 'Il'N'.
IVbiia the excitement in wheat pi'Ndlnu "-'
,',,,,t ,,ss done on the stock Exchange. Inc ,N-
,,.,,afinn ON Monday among traders was "I q a..
cline based On bad crop news. -" 10. .,
n, ,ho f.tnt,hilv settlement In London, anu
ON a belief that pI i-laNinS To- q" Iyednesd,v
,,.,uld occur Monday. Tuesday ana N"uhrSu",
h..r.r,r. were duh and the bears TOOK MA
I'M az lime wore on London SOLD 10 81. ~ '"P
,,..vvs was better. foreign exchange i"'l'S"'r
raIsa for alarm and proft-taking Was NOT ma
EXCEPT in a few speciali'es. f'l'""7 ,,,,st
obscure stocks were also dC'lN' 49, - -,
strength of Thursday was more pronounce va
r,.;,ia,, nm that d,V the semi-oiiicial announce
mont was nut ont that the dividend on -.o' -"
western 10 be acted upon on June D. WOuio "
lu.ad TO a., per cent. As 81. per cent mas hii'ns
heen paid for the year, this reduction "ou'I pa
the property Oh per ceii' ndS'S' t,,,,nmI in
mat Northwestern has not carmen u'r 'u'"
49,, lac. six months Why. therefore. declare one
rher. never was a better time than lhe p'Ns.'
Sor letting the public know TN" c'lh' S'u !" 80,
ahoui affairs Tacy DO not expect s''d new am
hoy ar. not t. be put in a pane DN u'N't''t'
more or less. careful eNaih'i'"''"', " ,n,,
,sn,vav reporfs printed this year Indicates va.
s1,,a ehretyd managers understand the puo,''
,amr.r and have taken advantage 81 IL " ma"
,bfnrs ONT as bad as possible. win VIZ" 20
showing extraordinary Increases h"f'di' c' VIZ"
be railvvav business really becomes Sl'u. ~ any
rate Northwestern on frid"l S'""' nv :, n,"s.d
tho nrobable dividend reduction well IL CiDS'u
,ha dav with net loss Of only u. 10 90, when was
a h.tt.r IMAM the close. on Monday. SATURDAY
market was irregular The session started Vut III
a lively wav but wheat beam" a.lNe O,,oI'
noon and stocks therefore suffered Inc i"i"",
ing table shows the movements oi N' P''"'''''
stocks dealt in during last week: