New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-18
RAILWAY EARNINGS.

RAILWAY EARNINGS.
The Tribune has printed the gross earnings
OF seventy-seven railroads or systems for the
fourth week in February OF these. forty-ive
companies return gains Of s47l.467. or 40 per
cent and thirty-two companies losses of sl4s.-
10. or ~ per cent The whole shows gain Of
$322. 292. or 40 per cent.
The Tribune has also printed The gross earn
ines of siXty-three railroads or systems for the
first week n March. OF which thirty-four return
gains Of $201620 7.3 per cent. and twenty
nine losses Of s224S66. or 6.S per cent The
whole shows a loss of sis2i6. or 8 per cent
The gross earnings Of tive railroads for the
second week in March, printed in The Tribune.
show a gain of slS,52S. or 229 per cent
Fourth week in Feb-ls9t lse,; Dincrences &c
& SS"s"c. ss5s bee I%s 't,i4 re
Total - .sC5o.s54 So sa2o ss2e ~
First wCeN IN March ~
g SS%sncs D iSS SGS SSS as
Total GO cos. .se.llo 7sa sGosI sieea6
= companies ..... $5ssS s72..17 Inc. sIa52s %
The Financial Chronicle computes the gross
earnings of l3l railroads for the month Of Feb
ruary 1893 S03 O22 for 1885, against 36s for
1894. decrease OF $7lS,S46 while the mileage in
creased from $l00.59. in 1894. to s00620 in 1895.
The earnings Of these same railroads from Jan
nary To February 2S declined from s71.o72,925. in
1894, To S0,361,04l in 1895, loss Of Sl05SA
on THE STOCK EXCHANGE.
Incidents Of the week on the Stock Exchange
were generally encouraging. 1t was a question Of
dividends that chiefly agitated the street The
bears insisted that there was a likelihood of no
dividend at all on ST Pa al. ana possibly none on
Central These views particularly prevailed in
London. and the weakness Of international spe-
cialtieS there was used TO depress values here
But the issue of the matter that the directors
IF both roads followed conservative course. st
Paul's semi-annual dividend ON the preferred was
the customary q per cent; but the semi-annual
on the common stock was cut 10 per cent IRON =
p.rc cent a he pqi6 -
current fiscal year" New-York C-ntraIs dV-
dend for the quarter was reduced from Ia TO l
per cent which puts the stock on per cent
basis for the present. The statement OF 6usl-
ness fer Centrars March quarter was not en-
couraging owing, apparently. to the great eA-
pense to which the company was put by the
snowstOrms Of February. The course Of the
directors in reducing the dividends meets with
general approval; the movements in the stocks
named indicate this st Paul was steady all
the week and closed at 35Ss. advance Of ~.
New-YOrk Central closed the week with the small
loss of !. TO -. other dividends were declared by
Western Union, the usual quarterly IA. despite
bad quarterly exhibit. Manhattan. The usual
quarterly 1i2: New-IIaven and Hartford. the
usual quarterly. .; also the regular quarterly oil
-. on the preferred Of Northwestern. Thus the
dividend crisis which was dreaded for weeks
passed. and left the market rather better imam
before
To these favorable influences nus; be added
that due to the apparent success OF the Atchison
scheme Of reorganza tion-that Is. of the Atchison
line proper, the TeadjuStment Of the subsidiary
London and Amsterdam capital Is SAID To be
promised for the undertaking which Is remark
able. in view Of the losses which foreign holders
of the securities OF AtchiSon ana othet wrecked
American railways have suffered within IN" last
few years The cOngratnlatoiy remark IS oit"n
heard now that foreigners are again faNor!ng our
corporate securities. But think how weak this
favor is, compared to what ii would he f the
wreckers OF these properties had been headed on
before they committed their crimes: or even n
they had been properly punished for the.I VII
lanes after they found out. Yet these
men not only suffered nothing. but to-day they
hold their heads high, and exert as much social
influence as formerly. and nearly as much imam
cial Influence. The annual report OF Missouri
Pacific. made public on Tuesday. was sad eN-
hibit Of losses. II hardly affected the stock;
however because the showing had been expected
and discounted. and because the present manage
ment desires to be known as conserVator oi
values rather than destroyer OF then.
settlement OF bituminous coal tonnage troub!es III
the middle West helped the Ohio coal properties;
and the faint possibility that the anthracite dini-
cuties in the East may be adjusted advanced
the anthracite coal carriers. Reports from New
England show better business for railroads there.
and no doubts that, with good weather dur
ing this month and next railroad showings gem
orally will be better The condition of the crops
Is reported excellent. Although London sold a
good deal Of stock in It's specialtes last week,
than sold The produce markets here were
more active and higher. Three small failures
had effect upon the market.
Quotations Of stock prices pretty accurately re-
fected the conditions mentioned above A firm
undertone prevailed and trading was more ac-
tive part OF tne business doubtless due
to investment buying. vet large short interest
also still exists. Surface indications were sensi-
tiveness and irregularity. but with a constant
tendency to higher levels of rrce-that is. among
such stocks as reflect legitimate conditions The
Industrals as usual, moved without much refer
ence TO general conditions. Sugar was constantly
manpua ted. and was the most conspicuous stock
Ia point of iIivity and fluctuations. Chicago Gas
was unsteady while Distillers and Cattle Feed
ing was firm despite continued activity against
II on the part Of the men VINO wrecked IT, Gen
oral Electric fuctuated considerably notwlth-
standing the assurances Of its managers that
the,. cart ainly would not be guilty Of attempts
nv, en-, uyino tahl shO hp