New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-08

81 2a3 80 iN4's ~ 4si'sD3 .
....i 2a2's $sai AZ. 4'a4l1Q5
49, 2q2! , aga AZ AZ. 5a54
3 -. car. , - AZ f.4.q5 .
Foreign exchanges were dull. but strong. all
the week. with sterling at the highest point. The
syndicate sold bills sufficient to meet all re-
quirements. Commercial DIS were Few, but
quickly taken at prices nearly equa! 10 those
ordinarily ruling for bankers long bills. when
drafts on sight are quoted at the gold-eXportihg.
point. which is explained as owing to easier dsS
counts in London
RAILWAY EARNINGS
The Tribune has printed the gross earnings Of
seventy-three railroads or systems Tor the third
week in March OF these, fOrty-three railroads
return gains OF sSlG15G. or Ill per cent, and
thirty losses of $24SS2L or 75 per cent. The
whole shows Gain Of $lo2.329. or lG per cent.
The Tribune has also printed the gross earn
ings Of fifty-ore railroads or systems for the
fourth week in March OF these. twenty-seven
return gains Of Si4267S. Cd l0.j per cent, and
twenty-four losses of $3724-6 or 10 per cent
The whole shows gain Of $1o222 or ! per cent
RECArlTULATION.
~ '9 caH TggS IN N>g 81 s., n@ SGe
5, oompanics..... &-3ill9 .9712!'2 Dec 2i' ~ -
Total 70 c,'s... .ca-o.a57 se'2i>>G Inc so-a-e 10
Fourth week in Maj. .. .-.
81 conpanies.... a,72o.>i 334'N2' Doc 372 i'6 100
Total 81 co.'s. a57.35S s7o275S Inc s7o222 10
ON THE STOCK EXCHANGE.
The week on the stock Exchange was duh,
with prices generally a little lower but showing
great frmness. Evidently people who hold stocks
will rot part with them. The belrish element
argued that the new As recently sold in London
would be returned here in September because
new IS are offered in New-York decidedly below
the market for delivery in September; that the
high rates for sterling exchange have bad
look; that eastbound freight rates from chi
cag0 are demora,!zod: that the income tax will
be declared unconstitutional. and that then an
extra session Of Congress is inevitable; that an
anthracite settlement is impr babe; that the
stock market had been directly stimulated into
an artificial and unhealthy condition; and,
finally, that the condition OF the railroads of
this country IS infinitely worse than IS generally
understood. In the minds Of unparalleled and
fairly wc,'-nformod persons. nearly au th"s"
arguments answer themselves, the return Of the
As from abroad j. too remote danger. if. indeed.
m view Of the syndicltcs position. there is really
any danger at all Of such thing; gold exports.
~ matter about tn" rate Of exchange, are LEGS
likely than that the banks Of this city will prs
entity settle at the Clearing House in r ld. tie
crop prospects Offset decentralization .n cast
probable now than at any other time of late;
some wages have advanced; bank c.ca.ngs are
better and So are reports of eenera, hu.i1css.
and il is known that n, extra ,s-iou uf &
gresS Is contemplated. The condition ~ Me raj
roads generally is una uhtolly d's'ouiaEinc
this is the only really bal feature % tn" sitla-
ti0u-but the chances ar ta1t < I'd crops fot
year or two viii restore ihc'n 90 n roas uab'y
satisfactory condition Finally. If the market is
in an artificial condition. owing 20 syndicate
stimulation. Il VIII very soon pass into a natural
and equally strong condition as the result az tn"
improving business of the country There is
slight reason. therefore. FOR boar.eh views. the
prepondoranco Of conditions supports a sanguin"
opinion Of the future. Naturally. therefore, the
bears operations last week failed II mu. n effect
II the market is stimulated. !; mug be admitted
ali the same. that the movement in stocks. except
for the ndustrials, reflected pretty rcura'ely real
conditions. The Changers held firm. owing -
rains in The Yves; and the improved chances e
future business. s. IL may b" said of the general
list. save where. as IL New-E England ana Manhat-
tan. manipulat ton was evident surely N" an
thracite coal properties reflected uncertainty. al
though. as we have said. IN" chances are mat tho
difficulties Of the production question VII De- cd
justed pretty soon. Tho international 81 Is ~"T"
also firm and generally moved within narrow lin
ito London was Indifferent in its attitude. and
that had quoting influence h"ro. A'ch.s'n
shares attracted some attenti n. which was sp".u
lativc only. Western Union WAS weak. b" aus"
the alleged new telephone company b. oXpc"tci -
injurc it, business-an expectation WI b ~ pF =
cnt rests IN no certainty. Ben Tel"pA"n" natural
the Industrial group. 10 which IN" small traders
naturally turn when speculation Is dun clte"n"r"
Sugar moved between l0i'4 an! zoos, and closed
1905. Biz Spectators are said 20 b" out e this
gamble az present. The statement e tn" lJnpa-
nys financial condition. filed n stoI, ~ mo-,
the requirements 0f the state Jaw * 80 obscure az
t. cast ridiculc the legislators who cna ted III"
statute which allows such burlcsquc. bstillng
was active. and showed q tendency 10 rise. which,
II IS said is not encouraged by tho friends u tn"
present REORGANIZATION scheme. General Electric
touched 1914 and 32A.. and closed 81 33'. Tn" OK
toni Of It's arrangement with Westinghouse inter
cets appears - have been oVcro- tima'"I but -
stop litigation over patents should save mu'h
money for both COMPANIES. Leather preferred
gained somewhat. owing - an advance ~ raw
hides and leather Chicago Gas attracted COM
parativcly little aticnticn-which really rr"nNs
well for II. ana shows. Ivy contrast WiiE - pre-
vious career how Violently il vas manipulated iH
the past Probably e. Is on a . per cent basis Tor
some time to come. Comparatively speaking. Sll-
yer was active. IL hign's 81 was GsA. ana It's low
est 6j2 ana ts closing pric" 6Jai. J. Is Impossible
to assert with postivcncss mat It's future ~
brighter owing to the probable near settlement
of the war in the East. and To count Oh real D.n-
fl, from an international conference IN IL h"half
is visionary. It's upward movement helped IN"
silver-carryng railroads in the West, notably tn
Denver and RIO Granle, hu, IL present price u /
too low 10 mean much 10 mining communities
The following condensed table reflects the most
conspicuous movements Of the week: