New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-25
Fri. Mon. Tues. Weo;, ', ~
Feb. is. Feb. IS. Feb. 10. FEB. 70 req
RAILROAD EARNINGS.

The Tribune has printed the gross earnings Of
ffty-sx railroad companies or systems for the
second week in February. OF the number.
twenty-three companies returned gains Of SIP.
s7l. or sc per cent and thirty-three companies
losses Of $599. pa or 116 pr cent. The total num-
Der shows a loss of s4S6.2sS or Sc per cent The
gross earnings OF two railroads for the third
week in February printed in The Tribune, show
a gain of s3l. $50. or $40 pc" cent.
Tine Tribune has also printed the gross earn
ings of sixty-seven companies or systems for the
first week in February OF this number twenty
four return gains Of sl32.?2S. or 50 per cent. and
forty-hree losses Of $4s6 03 or 1913 per cent. The
whole show losses Of $333909 or 90 per cent.
First week in February- 100 Differ
AZ companies w 4'iis,oas aatS'sec Dec. 4ccoa7 1913
81 companies m 5eas SO 5.e2s.sae Dec. $40 SO
q companies so.5?s s4l52s! Inc sl2eIl Sc
33 companies 4.2ss.i3 30ss"i' Dec. 'r2'' iid
Sc companies M 1892 as 5.lOs2i2 Dec. is6 27s 50
eS1rp TesN IN S.. isG ss,4oo Inc slao SO
ON THE STOCK EXCHANGE
Circumstances connected with the bond ar
rangement between Messrs. Belmont and Nor
gan and the Administration absorbed all interest
during the week. Much satisfaction was ex-
pressed that the loan was subscribed many
times over both in New-York and London. al
though large percentage Of the descriptions
order to be able to get what they really wanted.
1t is certain that they got less than they eX-
pected. although information on this point is
still meagre. The syndicate purchased the bon u
at l04 A. and If they sold them at IL q In New
York and at lll003 or 1l0U In London. their ad-
vantage. not deductng expenses must be about
si.5l4459 80. What the actual final proht may D.
cannot be told until October. during which period
the syndicate is expected to control the foreign
exchanges. They may have to spend good deal
OF money In this way. ana they may not, proha-
7.
induced the specula live gOld-eXporting houses -
sign agreement not 70 eXp0rt gold unit. . to-
ber the consideration being share 81 the Us a.
the low price. The theory underlying this part 81
the arrangement is that the exports OF gold IN
January We're largely speculative against he
chance OF the Treasury being soon entirely
enptied At 1925 the bonds will pay 3 Is until
maturity. Already the syndicate has put S5t-
10000 in gold into the Treasury besides an add
tiOnal 81 1871 900 in complimentary exchange Tor
legal tenders and In excess OF the requirements
to fulfil the American half OF the bargain. The
Treasury was at Its lowest on February u. with
Al, 340.1sl net gold. Yesterdays statement. which
is made lip Oh reports from different Sub-Treas-
ures on Thursday. gives the reserve as tO.1's.-
G25. Some gold was turned In at the Sub-Treas-
ury in this city yesterday before | y. m, ana
some arrived at the Assay Onice from abroad, in
all. about s2.227o60 50 that the legal reserve WAS
swelled by that sum 20 s13.lO1.62'.
The market for stocks did not respond % the
bond arrangement was expected by some. In
deed. the Street has hardly yet made up It, rind
whether the arrangement Is bull aisumeni ~
b. 4 argument. II WAS reared AZ nr-l fNat " IN"
new Government issues we're 10 pay so high rate
Of interest as 81 or ga. other securities must de-
cline. Owing to this view. for some days the
railway bond department.; Was almost stIgnani.
bur on Wednesday and Thursday when u Wa
learned that us had been bid on the street Tor
the IL. the ton" changed. and large tfan~ac-
lions IN railway bonds occurred The character
is,ic feature 0f the stock market al duf-
ing the week was ~ stunDornness L
would not down. bat. on the contrary. prices
advanced although very slightly. ana this.
In The "a Of the pra deal failure ~ the much
desired Pooling bill in The Senate. The declsra-
ton Of Burlngton's quarterly dividend Of / per
cent made little no impression. better seni-
nent abroad helped the stocks IN viii there u
international trading. Some ~ me bfnkfup,
properiies Ike Erie, suffered the prospec, Of
an assessment under new fe0rganizatipn schemes.
a.d the coal properties had just cause foI weak
n d in the conditions Of the anthracite situation
~ agreeme mtg between the companies as To out
M seem to ne observed. This Is not strange. see
ing that the basis OF all these agreements l. IN
justice TO Reading. WrDngduers are MOI general
" very careful Of thcir Obll8d lions :" one an
other National Lead common was depressed oN
iis ,rduced chances for dividends IN the near tut
Ure while Distilling and Cattle Feeding rose on
The showing made by the receivers 0f It's man
cial condition. American Tobacco declined alb
Iuptly. owing to quidatng sale' sald l" ne Ior
I'M. account Of dissatisfied insiders. Tle mark-t
was almost entirely professional as the puDIlc
still stands aloof Traffic returns Showed litle on
no Improvement. Al many polhts general pual-
ness improved. owing t. better weather. Note
should be made OF a slight furry In the silver
market on the strength Of a vote IN Inc German
Reichsiae In favor Of calling an interna tlonil
monetary conference. Blu; II was oTset by re-
treat on the part OF the silver men III me hiied
States Senate The following table rcnec's IN"
movements OF the most active stocks or me WICK
OF five days: