New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-30

4 s ss%sans' ' s!sS' si:c3 oeiOS IS
ro,., &c CO.'S. se04ioii s7.7ooo5S Inc. s7ao.l" io7
S'aS sass !" s4asss Inc ;o$sIs i9s
ii companies. l4+isii lssSaa Dec noo14 10
Total 40 co.'s IS 400 III so7a772a ss2s.eo' 60
THE WEEK IN WALL STREET.
Wall Street recovered from the scare last
week and settled down to watching the course
of legislation in Washington and the move
snents OF leading bankers who are supposed to be
arranging to finance the Government again. Inc
President made frantic appeals TO Congress ior
measures OF relief to bolster up the finances OF the
Government which. from an Administrator
view point were totterlng on decrepit legs ana
at the same time he has invited the bankers 10
cooperate with him in scheme WHICH, IL SUI
cessfully carried out. will give the treasury SUI
ficient gold to keep the reserve Intact during the
remainder Of his administration Out OF cour-
tesy to the Senate. the President VIII prooapiF
wait until that body has taken action OH INC
tariff and bond bills before announcing MS coh-
tract with a syndicate Of bankers men, ac-
cord;ne "a current belief he will make public
contrac; similar to the one made last Fepruar!
for the purchase OF a large amount of gold. Tor
which thirty-year per cent bonds to the amount
OF 500 900 600 will be issued. This contract may
be made public sooner than expected Tor the
Administration has areaoy limited that the
measures Of relief passed by the lower pIahc" va
Congress are not to its liking and that an eA-
ecutive veto awaits them II they go through 'le
Senate The Administration continues to express
the opinion that the Government neeos no auu.-
fiona; revenue and that an increase IN the coui
try's bonded debt will be the most thorough ana
nractscal scheme OF financial relief the retire
anent Of the greenbacks excepted. secretary Car
isles anti greenhack hobby has grown
moro. dear TO him. and. while lamenthg
he feels that the future VIII JUSTIFY tne
fea sbity of his ideas and that for the pres
en it will be better to !nfrust the hsr % Than
Government TO bankers syndicate rather .n aan
,,,acinC Il upon q sound business basis oy hleans
Of sufficient venue-producing Din vi couIse'
there is chance that the presluena vi" Uo nav
the tariff bill IL il passes IN the senate. ne ma!
give a contract to the banke-s ana cooperate as
he promised in his message, IN any Hea ,; ~
which promises thorough and pracucai renen, ,s
From present Indications. however. TINS seems
improbable 49,. cyo.~,rv House committee
IN deciding 10 issue loan certificates had an I'M
nortant and beneficial effect upon sentiment III
wall Street and In London In the early part o.
the week Last sunday an opportunity Mas
offered for calm reilecton oVf d,s,u rb in
tie security markets. and the temper a u
end weli-timed words of the majority OF me
f,uanc.ai press helped To restore ana pro
vote confidence in the financial community.
The action OF the Clearing House committee
was not a confession of weakness IL was pr
meet anv emergency, and the general Slrength
of these institutions is beyond ouestloh. I'M
successful settlement al the stock ENchanse
Clearing House on MONDAY morning was ANIME
reassurinc and favorable factor in the situation.
The artificial causes II the recent panic We're
realized by the shrewd investors who come INTO
Wall Street To get BARGAINS. ana their eAdl'ipIe
was followe! by many people "no nj
held stock in their lives. The stock market
received a shock fc1in which II Wlil not coIh-
.pletely recover at once but already 1t haS SHOWN
great recuperative powers. and the mere fact
that the declines we're ret based upon hnanciai
troubles in the companies whose shares are
traded in upon the Stock Exchange Is reason Tor
a more rapid recovery than could POSSIBLY tax
place did these last-named conditions pTeVS,i.
There Is nothing in the present outlook 10 maj
cate n repetition Of the recent disastrous slump
In tho early part Of the week prices went up
with considerable rapidity, and the upward ten
dency continued a moderate scale all the
week The temptation to take prohts caused
temporary reactions. but the closing prices for
almost the entire list well above those
prevailing . week ago.
There were few developm ,nts in the week
to influence the course Of prices All rae
tors connected with the railway and other In
vestment properties were encouraging. re
turns for railway earnings for November again
reflected the great improvement in traihc,
few Of which were worthy Of especial mention
St Paul for November increased in gross earn
3ngs 1857 ga net earnings $6616I1, and since July
] the net increase was e 2S2 800 Indicating per
cent earned FOR the fiscal year Burlington IN
creased in November s3i9.252 gross and sl663oO
were al an increase of S4l1.761. and net slOOUc
on the Eastern lines. while the Western lines
showed "A net increase of $275546 Northern Pa
cifc increased s395.513 net in November. and since
January the net increase N4S3950 Jersey
Centrars net earnings increased In November
1899 $50 Railroad earnings in December so far
are over per cent larger than the same time
last year The only important exception to the
general upward movement in stocks was in
Baltimore and Ohio. which declined on various
rumors concerning the credit of the company.
Such reports were promptly and emphatically de-
MED by officers OF the company, who asserted that
there was nothing III the financial condition or
the road to warrant decline in It's stock value.
Past financial management Of the Baltimore and
Ohio has not been commended. but the recent
change in the company's directory promises more
satisfactory methods in the future 1t is a
splendid property. and it should not be allowed
10 suffer from the antiquat ted ideas which have
been held by its management for many years.
The bond market showed marked recoveries In
the week. and there was moderate demand
for the majority OF active issues The course
of stock values in the week OF the chief active
shares shown in the following table: