New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-29
CIGAR REFINING FOREMOST.
uraVY SALES AT 4 DECLINE.
CONDITION OF THE FEDERAL TREASURY
BONDS AND MONEY.

Sunday, Jlno -S-p. III.
,-r,.ea States Treasury receive, last week
customs S267003S. from internal revenue
- 900 O79 and from miscellaneous sources sso-
GO Total from all, S1.SOS OPS. against So.29o-
"Ss {, the preceding week. The receipts Tor the
III % date amount to S23,23l.ll2, and the
''o.' ,arts TO S"5.sS2 900. making the excess of
,,,,res over receipts SIoOeS' For the
,ear TO date the receipts are SOD o'9lS,
.a,ures $3.50 d6S $50. the exec IS OF expendi-
'-"nss being S21732. I62. The weekly Treasury
'"..,,ent showed an increase of SJo6.CSo in the
liable cash balance and an Increase OF $780,
snf IN the actual cash balance. which Is now
sSia 1sG 90 49,,
'-Compared with a week ago. the treasury hold-
- chow the following changes: decrease III
me'o'IA balance Of $G4S,912 made up 10y loss
" " ss7S AZ In coin and bullion ana loss Oh
s.nEcO in the amount OF Outstanding certMl-
sns. a gain In the silver balance of Sl'0i. 4V5'
60" ~ gala of S1lGS19 in silver coin ana pull
QUE 80 less of 81 S47 J24 in the outstanding
grer certificates and a loss in the legal tender
s,snce Of 81, 143 730 made up by a less OF so'o-
So IN the amount of outstanding currency GER
.scatps and a loss Of 81 493. 40 In the amount
.~Lgal-tender notes in the Treasury hoIulnss
"a y. Te,ional bank notes decreased So 6S9 lreas-
"a uo,es issued under the law Of 1871 TO the
Wy nso,n, OF 81 1874 444 We're reissued, ana the
amount Of these notes IN ,o ng wa" Treas
r.' bods 500 90 132 for the redemption or Ma
. w. hank notes an increase of Sl'4Zlo from
the preceding week - ..o,,.r.
"Srbioinei is Saturdays Treasury statement
'mTored with that Of June 2O
June 20. June 27 Changes
Gold coin ind hull
ION less e1' SOB i5ools so2 sol o4o Dec sc4s,o72
9ss " ss5s5s Dee Dee as5sS
Nat bank notes; lo'o'i4' i0''''''' wv
silver dollars and
egGn less as9els44 s5925747 Inc. 1.se4.4os
c,., IN Treas 800 1853 s272 44iie5 sIaa.o2
Deposits bG IN Ma 1s.s47ae5 1o7esOos Inc. 47o7a
,,o,,,. cash s2ss. ooi4s $3.50 20C2Sa Inc. s50OOs'
psd" ,si.i minor ''a- 2s4o44s7 % nsesl Dec 45oe
ro, cash bal s265 1855 col s2e5 soOo.591
THE MONETARY SITUATION.
The local money markets were dull. but we'll
sunplied with available funds. Money on can
renresenting bankers balances lent at li3G- per
cent while banks and trust companies quoten
? per cent the minimum. A little business was
doing for long periods in time money. but' as
rule the market was excessively quiet ana Win
out feature Rates were 2l9 per cent for thirty
DAYS 3 per cent for three months. ~ per cent
for four months and per cent for six months
The commercial paper market rates were 3uo, ro
AZ 4G4lh per cent for prime indorsed bllls re-
ceiyable 4@412 per cent for four months ac-
ceptance and choice four months slngle-name
PAPER 4lsq5 per cent for the best class SIX
months slngle-name paper. and 5q6 per cent
for paper not so well known. The demand ioi
commercial paper was light. and the larger CIT!
banks were out OF the marker, mere "9s "
light inquiry from the West and South. In Lon
don money on call was Il per cent. and the rate
OF discount in the open market for snort anu
long bills was l3-16Q1s per cent. Paris e&vnan ,
in London was - francs II centimes. The dls-
count rate in Paris was ia per cent. ana IN
Berlin "a per cent. The Bank OF hngIah ls
minimum rate OF discount remained unchanged
al per cent. The Bank held in bullion al the
close Of the week f49 l562'l ,
The foreign exchange market was dun during
the week and perceptiby easier Ihere Met XIV,
few security bills Offering, and also rev DIS
against cotton exports to he made later on al
though such offerings were extremely limited,
The demand was not heavy. Posted rates ol ne ne
,rjncipal drawers Of foreign exchange were ~ -
and 81 50 for long and short sterling respective
IL: Paris francs. 514%s for long and ol2l2 for
Short Berlin. rechsmarks 91@s for long ana ~
for short; Amsterdam guilders, 40A for long and
40i. for short. Rates for actual business cIoseu
as follows
eIl!us AS az. si fs. les. f1 x
d S;iSss@'a. g. g. '''''as 90. 4o5 ia
The bank exchanges Of the New-York Clearing
House and the stock sold at the NewYork Stock
Exchange last week and for the same week OF
the preceding two years compare as follows:
'sP; q: .ssf g. = 'a5; s.
No. shares pod.... 644.G2 l'2o'5l l,2l'2n
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
sixtv-fye railroads or systems for the second
week in June OF these forty-one return gains
OF S423, SS7, or lip per cent. and twenty-four
return losses Of S1091j or GA per cent. The
whole shows a gain Of S314 1876. or 81 per cent.
The Tribune has also printed the gross earnings
Of ffty-three railroads systems for the third
week in June, of which thrty-three return gains
OF $4OO4I4. or 10.1 per cent. and twenty return
losses OF S132. lJ1. or I.S per cent. The whole
shows gain Of $26S311 or AZ per cent
Second week in June ,o.
companies 7ssas $50 Inc Hs s4sa s. ri a
"a companies l.7O4.47l lj94.72o Dec. 1915 ga
Total C5 co.'s. 50 lea.5G4 s. so7.7oo Inc s3l4ao 81
Third week In June
20 conf JAMES,. l.Gs0.472 1884 3l5 Dec 1872 1871
Total 80 co.'s IS 433 500 s57o2 2i5 Inc .2essi7 ~
THE WEEK IN WALL STREET.
Heavy dealings in the stock OF the American
Sugar Refining Company the chief feature
0. stock trading last week. A decline OF about
twelve points from its highest price OF the year
was registered on Thursday. and Il closed the
week at loss OF Sss points from It's last price
week ago II Is useless 10 advance theories re-
garding this stock. for no one outside Of the
sugar clique knows anything about II, and all
attempts 10 search out the mysteries Of sugar
manipulation have met gloomy failure. A num-
Der OF alleged sharp and shrewd dabblers in
stocks have gone into the Street at various times
with the avowed purpose OF beating the Sugar
game, but none OF them have ever been able TO
rise superior 10 the skilled manipulators OF this
very much manipulated stock. Buy Sugar for an
advance 10 100. and 1t will decline 10 par, and vice