New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-26

per cent. The whole shows a gain Of $780, or O.5
per cent
companies: + ss Dec Dec 81. 81
Total Go cos SO 72o sc2 o7soois Inc sGeo57 10
Third nmno week Is August, o,- .o, .,o -, ,o,a
companies 1896 icsis Dec Dec 2cis III
Total : Coz. seeenas s7ossss Inc 1895 o5
The NewYork. Ontario and Western Railroad
Company has prepared the following statement of
its operations fer the year ended June 80, COM
pared with the preceding two years:
Gross earnings ia 90 sssi2iiS 5000 is IS
penses and taxes 27os225 60 2.7a2,54oIo 2ei2n2 A.
Ne, earnings ssssess 80 s,loss7st5 si.o2e. 100 a
Fixed charges ss3oa5 10 6eo.ol2 - 7oo,3l7 es
Surplus .. s25os52 81 1896 IS ss2e $50 81
These figures have been verified by expert ac
countants. who audit the books Of the company
The annual meeting Of the company VIII be held
on Wednesday, September %.
on THE STOCK EXCHANGE.
Foreign exchange continues to monopolize at
.ention in Wall Street. II has reached a stage
however. which indicates that it will soon cease
to be the centre OF interest giving way TO other
conditions and factors which go to make up the
life of Wall Street business. 1t promises to re-
sumo the condition which is normal to 1t at this
time of the year. and unless the best authorities
|
point at which gold exports will no longer be
/ possible at a profit, and at which bills can be
purchased with none of the discomfort wnich mas
been so pronounced among buyers of exchange
in the last eight weeks. on Wednesday some OF
the leading foreign exchange houses reduced
their quotations for posted rates for stering eX-
change and on the following day the pohu syhui-
cate lowered its rates also. The reduction was
not sufficient to check gold exports, Out IL was d
most beneficial tonic to the market ana VIII
probably he made greater TINS week some "u-
such that will fall this week to the specie
point Less gold sent abroad tnan hau peen
expected and more bills came into the market
There was a decided increase in the supp! Oh
! commercial bills at the close OF the week. ana
the renewed demand abroad for the ne" uov-
eminent Is brought security bills IN slght III re-
gard TO the demand in Europe for the new per
cents 1t would seem that the return OF piock OF
them here has made them icarce on ,le JIM
side. and perhaps short interest has bcen Gre
ated IN them there. However TINS may De II Is
encouraging TO note that the bonds are IN de-
/ mand abroad and in view Of the fact that they
afford a better return on the inves.mcnt Una" ~,
! English c0nsols II is only surprising that any OF
! them sought reinvestment here.
! Another interesting feature which mas direct
bearing upon the foreign exchange situation was
| the inquiry received by the banks from their
! Western correspondents fc~ currency IN CohnsC-
ton with the crop movement Aithough .ile ue-
mand was light. II showed signs OF eiV"Ius
larger. and the Sub-Treasury in this city IS GET
/ ting ready to meet the demand from inc banks I
! for the small notes required by the couh'I! Cp'
respondents The inquiry from the wheat ana
! corn belt much greater than that from 'he
cotton belt. and the falling off IN the dein anu
/ from the South is due presumably to the lact
| that home banks have part of the FUNDS neces,
| sary TO move the cotton crop. which Is marketed
slowly in the hopes Of realizing higheT p,IceS
| The subscriptions abroad to the Erie railroad
underwriting syndicate and the assessment pay
ments by English stockholders Will also prlng
more exchange into the market. The amount OF
! gold sent abroad last week 81 300 900 mostly
| taken from the SubTreasury. but this amount
was offset one-half by deposit of S2coo.ooo goa
49, T,,o
! announced at the time OF this deposit IN what
! form it had been paid. whether in coin or ASSAY
: Office checks; nor wa IT announced Wherr tls =
deposit made. 1t IS generally underStoou
! now however that the deposit was not made al
the Sub-Treasury in this city. but at sub
Treasury in some other city where tne puhu - IL
| dicate is represented The bond syndicate mas
connections in nearly all the large centres oi the
! country. and its source % gold supply may ps
! beyond the most conservative estimates yet
! made During the week ii deposited gold III the
| sub Treasury at Boston and at san Francisco
for its own account and tomorrow II Will. II was
said yesterday return to its members the re,
,naining 30 per cent of the capital subscri bed
when the contract made with the Admins
tration. The syndicate continues to observe tne
utmost secrecy in all IFS operations. but 1t also
gives unmistakable evidence that IL Will protect
! the Treasury to the best Of its ability against a
depletion of the gold reserve
Transactions in stocks during the week were
! generally narrow and professional. eXnlpitine
, continuance of the summer dulness. Inc lndus-
| trial shares. chiefly American Tobacco ana sugar
! Refining which were manipulated by the bear
element with the consent Of the insiders were
| the most active. on Monday the price OF To-
! hacco shares dropped from 1929 10 W. WIN
! heavy LIQUIDATION. and Sugars course through
out the week was erratic and uncertain other
companies are trying 10 down American loDdcCo'
| principally the manufacturers OF pug tvoaCCp'
| who are ncensed al the Trusts effort 10 take
! their business away from them and the ~; LOUIS
| plug tobacco men have organized t. hgnt the
| Trust with it's own weapons. ms is all eooh
material for a bear raid upon the stock but II Is
to be noted that the stock Is creeping paeK aeaI,i'
Distilling and Cattle Feeding stock was little al
! fected by the formal organization or the succ"s-
| sor company Thursday. and some opseiNcIs
| advanced the opinion that the STOCK WOuid uc-
| cline on the formation OF the new company: pc
! cansn ;ts officers and directors were chiefly wal!
| Street men and not familiar with the wnlskey
| business. The head Of the new company unueI
| stands the handling of such business. ana the
ability and integrity Of me rest OF the Dodr1 are
| sufficient guarantee that the interests OF the
| stockholders will not be neglected ! ne "Idlse'
! shares were strong most Of the week, and deal
| ings in St Paul. Rock Island ana burlington
! we're comparatively heavy. London sold -.
| paul but this offset by local support ana
| tbn range of prices for the group with the ex-
| cention Of Chicago and Northwestern, was the
highest since 1893. The last named companS, s
| renort for July showed a splendid Increase IN
| earnings and this. with excellent crop reports
| made the Granger shares more attractive ne
transactions in them being ire heaviest on lns
| list the Industrals excepted Lake ERE anu
! Western issues were stronger. In the early part
| ~ the week there was considerable activity IN
the anthracite coal shares uase1 on 'e iTJ h
held this week. There mas been shght I'M
| provement in the price OF coal In me iast Few
| fays hut the trade needs speedy action on the
nsyf of the heads OF the big carrying and produc-
me companies to put it on paying basis. Two
| of the presidents of two leading ahlhracl.e coiI-
VI - ara exnerted In town tomorrow. and per-
bans q meeting will be called during the week
There were no important TRANSACTIONS IN Sla,e
,,ns tho market remaining dull all the week.
H7ir,,io funded debt 2-3s Of 1891 sold at $50 10
| s2A and Tennessee settlement IS at 9Oi2 TO sOfs
| The movements of tbs principal acu'e STOCKS
| ..,,,o,, ;r no following table: