New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-11
RAILWAY EARNINGS

RAILWAY EARNINGS.
The Tribune has printed the gross earnings OF
seventy railroads or systems for the third week
in February OF these fOrty-one companies re-
turned gains OF 1929. or Ii per cent. ana
twenty-nine companies losses Of $22l314 or 6.2
per cont The whole shows gain of s6@,5Zo' or
l per cent.
The Tribune has also printed the gross earn
ings of sixty-one railroads or systems for the
fourth week in February. OF these. thirty seven
return gains Of S4520s2 or 1873 per cent and
twentyfour losses Of Sl?cS5S or i$ per cent; Inc
whole shows . gain o! 1921 .221. or > per cent
The gross earnings of one railroad Tor the Hist
week IN March printed in The Tribune sho" I"
gain OF SCOT. or III per cent.
Third week February cen. n,coro,ccs pc
1. com2,nIss 80. s s S sSisSs be- sss74 80
ro,,, % co.'s -sS.I1o.ssi solss 2oo Inc $685. 10
g ' s5IsSs bee bee 'i35sss "a
.r..., ., 80 ssso.o4 soc2i .ai Inc sa2l.227 80
conipany....... kT'o"' $'''oN' ~" .,
..7,nn Financial Chronicle" computes the gross
oinos ~ eghtv-ono railroads for third week
~ FEBRUARY al *sS52A49 an increase o. S'oo'o' "t
n sc nor cent: sixty-four roads report Tor fuutth
v or FEBRUARY IS S3S03t ar increase OF ST.
", Wv : 81 per cent: eighty-seVen roads report
Tci TehruarI s2619,,S90, a decrease OF S'22s's or
l9j per cent.
ON THE STOCK EXCHANGE
During the week Il was apparent that the bond
syndicate had its business well in hand. The
first month of its contract with the Government
ended on Friday. the Sth inst. and it had th"n
deposited several millions more than were called
for Foreign exchanges were generally hrm al
though they eased off on Thursday ana frlddE;
but the syndicate houses apparently were MOI
obliged 10 sell many bills 10 prevent gold exports
Money was more active, and quotations ad-
varced The general business OF the country Is
innroyinr Bank clearings have been better and
traffic returns from the railroads are encourag-
ing The frightful weather OF February was a
check but the prospect for March and April
shows no drawbacks An expert In crop reports,
who has Just been travelling through the "'s'
saws that the condition " ~" crop under g'ouhu
Is excolent and promises well. The Trunk Line
Association agreed TO dscontnu" all dlnereh'laI
rates Oh westbound traffic from the Eastern sea
board TO Chicago On and after April l. II th'
members OF the association 1--we up to IN" agree
mcnt (Which experience proves IS exceedingly
doubtful. this action VII prove important anu
encouraging. The Democratic congress OF us
grace is a,so oili Of the way. and confidence at
home is surely growing stronger Lonion sod
in this market last week. DGt. on the Wh9ie' :.
believed 10 have bought more than was sold II
this uroon,tion between sales and purchases
should continue. 1t would properly he deemed d
most healthful sign.
Vet the market for stocks in Ncw-York was
irregular ana unset tiled owing 10 ne SUSPICION
e,ate ~ mind into when experience has driven
the street and to careful work on IN" pA'l "i me
bearish element The mind of the foreign In
weston Is stil sensitive lowing - his past expert
ence in this country. and while. as ~ haNt
said more stocks We're bought on foreign accoun,
than were sold, yet this sensitN"n"sS was pliIed
un,n T, advantage by shreWd operators In con-
uection with certain Information sp"c!slti'@
Foolish tales about number OF ~ per'"s iouni
ready belief In London, and caused declines !"
prices. Operators here pursued their iyAntag
and New-York Central LouisriN" ana NaSh-
Vile and ST Paul suffered severely thereby
Baltimore and Ohio was also abused NOR nan nan
II seems 10 deserve. Naturally. Union PSc'n'
and Erie were disCOuraginE themes 10 thihk
about az we'll the more recent inc!dent IN
connection with Canadian Pacihc: ana gan
at our condensed stock table below shows what
the result And yet the English bought more
than they sod'
Mex; in Importance TO the movement IN interna-
tional stocks referred 10 was TIE decline IN inc
great coal properties Jersey Central, Delaware
and Hudson. Lackawanna and Lehigh valley
On Philadelphia all sold lower despite some ap-
parent effort II support them. Ihtr LOSSES
amounted 10 several points, and they showed
no sign Of recovery. except now and then n feeble
rally due to covering Of snort contracts. The
trouble lies in the anthracite situation. where,
despite talk to the contrary. the most reckless
violation ~ all contracts AM agreements con-
tinues.' II is very weak spot In the market.
The Changers declined In sympathy WIN me
general railway list. but rallied now ana then
on covering Of shorts. As against a week ago
they little OF. The railway rate war
point - activity. led the markSt. sugar shares
% an enormous amount changed hands after the
regular per cent quarterly dividend was de-
clarcd on the common, and ia on the preferred.
free Of income tax" which Is a gf, 70 the stock
holders Of about 49, 900 That looks generous.
But how about people VINO own Sugar STOCK. and
yet have not 81, 000 OF income 70 be taxed? Why
should the company pay "A tax fOr them, when no
tax is due from them? NJ statement has been
given OUT and none Is likely 10 be. % the con-
dit.on of this blind pool commonly called the
American Sugar Refining Company. Distliling
and Cattle Feeding showed iirmness. and its quo
tations are encouraging. Its reorganization plan.
made public yesterday. appears TO be well con-
sidered The decision in the Bate Refrigerator
case in the Supreme Court Of the United states.
gave blow - General Elecric and helped The
Cordage Company's prospects l. Will work both
for and against Western Union In the matter
Of rltents, but the principal strength of W"atern
Union lies In its franchises. and not In its
patents Chicago Gas was steady despite the
blackmailing schemes in chicago. Other MON
hers Of the Industrial group were nearly neglected.
but some OF them advanced a lIt'le
Save IN Eric, no progress YVES reported for IN"
baukrup, properties. For Erie. the inference from
its trafic returns and the latest circular Of j.
T. Morgan & CO.. Is that there must be fore
closure or a liberal assessment on the stock. The
following table shows tn" movements Of tn"
mos, conspicuous stocks:
Moi q ,fcip &, Jolcs