New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-14
RAILROAD EARNINGS.

RAILROAD EARNINGS.
Inc tribune has printed the gross earnings 81
thirty-two railroad companies or systems for the
first week in January OF the number eighteen
companies return gains of $ls6o4S. or M per
cent. and fourteen companies losses of $257 $50 or
ioS per cent. The total number shows = loss OF
S9l,342, or &c per cent The gross earnings OF
nfty-five railroads for the fourth week IN Deem
Der printed in The Tribune show a loss of S299-
az or 36 per cent The following tables show
the gross earnings Of thirty-two companies for
the first week. compared with the same week
year ago. and of fftyfve companies for the
fourth week of December for the two years:
FS1T1n Meek 81 a les HS tx
IA companies. asTc272 aiisGs2 bee. 257.5ao ios
Total 81 co.,s. .sa.5o5loa sa4ia Dec. soiai2 2o
q r comna wess pe' ou 60 So eo Inc saos
80 companies ' 5T0ssss 5cSS 5G bc bee 'S ss i0
Total IS co.'s SIS go $50 81 0si 052 Dec s29977s 80
ON THE STOCK EXCHANGE
Wall Street watches the dispatches from
Washington with much interest for doings at
the National Capitol continue to be matters OF
great Importance from financial point OF view.
Before Congress assembled, early last month.
the general belief was that financial legislation
would hardly be attempted general belief now
is that nothing will actually be accomplished.
but that much talk must be endured until
March, with the possibility To be faced that
some fool-thing like a sop to the silver men,"
will be proposed In connection with legislative
schemes. The vote in the House disposing Of
the Currency bill was the chief incident Of the
week at the Capitol. The agile Mr. Springer
still performs however. and uncertainty in the
financial community continued. having the in
evitable effect upon the stock market. 1t kept
the professional short interest large. but tlmid,
and impelled those traders who bought for
rise to take small profits whenever they were
seen outsiders still remained outsiders. even
though they had money and might have been
tempted by the low prices Of stock. save for
the fear of legislative laundering. The decrease
in the gold reserve also had a depressing effect.
1t is supposed that Mr.. Cleveland's idea is that
bond issues should be prepared when the gold
reserve falls below s70.000.0OO. and II that sup
position is correct. another bond circular from
the Federal Treasury may be looked for before
long Moreover. the bank statements of yes
terday and a week ago were not OF kind 10
be favoraby construed and the money market
remained without encouraging feature.
Naturally. therefore. although steady progress
was reported in the revival of business through
out the country, and although reports OF East
ern railroads showed increasing traffic great
dulness prevailed but prices for the general list
held up well as rule. and on Friday ana yes
terday showed strength. Changes in the Gran
gers were small but for the better despite the
poor earnings OF st. Paul for the first week in
January. Favorable action at Washington on
the freight pooling bill Is anXiously awaited by
people who a1 interested in these and the
other great railway properties In the tradlhs
interest centred in the Industrial group; sugar
was put up after the directors OF the Trust met.
meant to issue a statement some day. IL might
with equal reason have been put down. Chicago
Gas acted more logically. 1t was stimulated by
the announcement OF its regular quarterly div
idend OF H. and II rose also when 1t was De
lieved that the present speculative management
might be put out. Its early strength however.
was in large measure due to covering OF short
contracts. and little traders frequently sold IL
to realize profits. Disting and Cattle Feeding
jnonroved as the belief strengthened that the
men now wrecking the property are likely 10 De
put out eventually. The declaration OF the us
ual dividend for Jersey Central and Tor Deia-
ware and Hudson strengthened the coal com
panies: and Hooking Valley preferred stock adj
vanccd well as the bonds. owing TO another
legal defeat from the Burke party in Ohio. on
Friday the rumor that the Secretary or the
Treasury would resign advanced prices. but u
was speedily denied. In the opinion OF most
brokers' If Mr. Carlisle would buy on margin
all the stocks he could and then resign ne would
make his everlasting fortune by the rise me
following table reflects the movements or the
most active stocks traded In last week. ana
shows advances In all cases but one