New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-17

week III May. O. these hfty-six return gains Of
s'l3ol6, or H. per cent, and seventeen return
losses Of s263.Sjl. or lis per cent. The whole
shows gain Of H55.lGS. or So per cent. The
Irhuns has also printed the gross earnings Of
sixty-fve railroads or systems for the first week
IN June, OF which flfty-nve return gains OF S'23 :
900 or 1863 per cent. and ten losses OF sloS94i or il
per cent. The whole shows a gain OF S164.A2, or
SO per cent
REHABILITATION
Fourth "ccN in May-lse4 1896 Difference e
q so,npanes og2 $7li.Gss Inc Inc: E. s TX
total % cos s. $50 go ~.oso.ioi Inc. "s,los 80
:, e" 2ss 5 I1 s s ;s ss 1873 1879
Total G5 cos. 81 700 7sa so2741S Inc. s5c,ai2 %
on THE STOCK EXCHANGE.
A careful study of the stock market last week
should bring announcement 10 the whole business
community as we'll as to those who closely
identified with Stock Exchange trading lnfu-
ences which bear upon the Nations prosperity
have been pronounced and enphaticaly reflected
in the current course of prices, which has with
few exceptions been upward. In the last week
Stock Exchange business has closely followed the
: conditions which, rule. govern prices. ana
outside Of a few specialtieS which are confronted
by professional manipulators the whole list re-,
spcnded To the better feeling over the industrial
and financial outlook. Unlike the preceding week,
the marked was not in the hands OF the profes-
demand for stocks showed that there was an
Improvement in general business, which made
the securities of big corporations attractive IN
vestments The Government crop report. pub
lished in the early part Of the week, put an
end II the extravdgant rumors about damage
to the crops and subsequent reports r.
Ceived from the railroads running through the
great cereal APPROACHING section Of the country
eftcctually silenoed the dam.g 60 stories pu' ont
by SPECTATORS in the wheat pit. Labor troubles
decreasing and wages are Increasing. Rail
fit,,ta hoys ipNnr .yr1nr md
bank clearings all over the country reflect a
steady expansion in business. The great iron in
dustry. which affects SO many other Industries.
stands foremost in the line OF improvement. The
last week one Of the most important and sue
cessful In this trade IN several years. and The
Iron Age" says ut presents an unhroken record
OF advances all along the line. and few are left
who characterize the upward movement AZ a
soda-water rise An interesting feature In the
rise in iron is that the upward movement has not
been due to the aid OF the railroads. the usual
heavy consumers and as the railroads viii soon
begin to be Represented in the iron market the
outlook Of ;he iron situation Is most encouraging
The most conspicuous advance in the stock mar
ket was in Tennessee Coal and Iron. which gained
A. per cent and closed at 3d. against 1874 on Janu
airy 20. 1885 Yesterday this company and the
Sloss Company. the two largest producers Of iron
in the South. advanced the price Of pig iron 30
cents ton. making total advance since April !
OF 81 - per ton.
There was little foreign buying in this mar
ket last week and revival Of the interest DIS
played In American securities several weeks ago
by London and the Continent will most likely he
delayed until the harebrained advocates OF an I'M
sound currency have been s.lenccd and Europe
shall that the ignorant Populstic agitators ~
the silver question in this country are IN a nope
less minority While Europe stays out q! our Sc
curty market there is every probability thai her
gold will begin 10 to this country before the
summer closes. for the crop situation here is such
as 10 make a wes;wari flow ~ the precious metal
a certainty The bond syndicate has exercised
such an influence over the foreign exchange mar
ket that the hgh rates for sterling and Cont
mental bills have not provoked much uLrasness.
and there Indications that the syndicat" is So
well satisfied with ,he situation that IL Will soon
close up its relations with the Government Tncre
is still balance Il be paid by the syndicate To-
the Government. and az far as turning over IN"
remainder Of the gold is concerned the contract
will probably 10 all purposes end before the mid
die of July. BY that time the normal movement
Of capital anl the crops Will furnish cNchang"
sufii Gent II guard against gold exports There
was some light buying In the week 81 tho inter
national spccialtes by foreign houses. bat II was
principally for spec ulative accounts. The Gran
ger shares advanced from - per cent In me
week on the encouraging report OF crop prospects
Chicago Burlington and Quincy gained Az per
cent. 81. Paul rs per cent. Rock Island @'2 per
cent and Northwestern 5 per cent. WIN the "N-
ccption Of New-York. Susquchanna and Western.
there was no noteworthy movement III me ahthIa-
cite coal shares. and there were no developments
Of importance outside Of Sus1uehaEna which had
any bearing on a solution OF the anthracite diff
cultics. The change In the managenent OF the
last-naned company indicates that II VIII act In
harmony with the larger anthracite companies.
and this. with the recent acquisition OF large
blocks OF Reading stock by interests Identified
with other anthracite roads. may be promising
step IN the settlement OF the coal troubles. which
are now al their worst -
The movement for the restoration y traffic
rates in the South and the successful progress ~
rcorzanizing bankrupt properties brought the
properties forward 3 attractive Investments. and
considerable interest was manifested In them
The reorganization Of Atch.sOn is inportan, not
ONLY on account Of its stock value but also rom
the fact that it covers n vast area Of the coun-
try. and naturally Is closely idcntined WIN ~
Industrial expa sior The affairs Of the Northern
Pacific Company are nearing satisfactory set
Element and other Western roads In receivers
hands are moving forward A oil has been hled
for the foreclosure sale % the New-fork. LaAc
Erie and Western under the second consolidated
mortgage which IS in furtherance Of the reOrgani-
zatior plan 10 be brought out later on. The de-
clsor OF the Illinois courts In declaring the Is-
f!lling and Cattle Feeding Company trust VIII
have no adverse effect upon the reorganization OF
that property. and by the sale OF the company
assets Will promote the work Of rehabtatlng the
concern Cordagc affairs appear To he In me way
OF success:u termination from The Willingness OF
the Protective Committee and the Reorganization
Committee to work In harmony. ana. thouRA inc
showing OF this company In the past mas Deen
ANYTHING but gratifying. there are yet hopes tnat
II viii some day be a credit 10 It's sccufiy-hpldels
and attractive on the Stock Exchange. The South
crn Railway and other lines In the south are de-
tor,njnel 10 end ruinous rate competition between
thcm ard such action must have far-reaching
effect upon their stock values. The management
Of the Southern Railway has inspired commence
and the friends Of the road believe that 1t VIII be-
come n favorltc investment properly. Chlcago
Gas was active last week on the course OF leSis-
Iation affecting IT in Illinois; and the failure 20
pass the Consolidation bill over the & vernon :
veto. which prevents the COMPANIES IRON ~ ct-
ting all they wished from the Illinois Legislature,
asa nat have the effect upon tho stock expected
because a decline on the announcement OF the
failure of the measure brought forth hcaVy Duy-
in, demand The following table shows the move
ncnfs OF the principal active stocks In the week.
,x,,h their changes compared with the previous
week:
Stocks. .hign >I".l nv ." 49," .