New-York tribune., 1896-05-25
crr1-RITY VALUES IMPROVE.
,,rTER DEMAND FOR BONDS.
.,r,oN OF THE FEDERAL TREASURY
RAILWAY EARNINGS.
Sunday, May 24-p. m.

.orTIO\ OF THE bDi>A>nD
'0- RAILWAY EARNINGS.
Sunday, May 24-p. m.
,..,.od States Treasury received last week
Inc .. TOMS So 500 963 from internal revenue
from from coo and from miscellaneous sources Sil4,-
s-'-'UV, 49,, from ALL $J,70S,45S against SUBJ
6cO ~. rrec ding week. The receipts for the
65' ID ~, date amount to $19G65,691. and the
meh'' - s24 5O7 600, making the excess Of
pSy"', ,,.',-os over receipts S4S4l .302. For the
expenD n date the receipts are S29a,ooS4 40;
hscai ,,.',ros $500 S54, ,923. the excess of eX-
expenu' being SOS, 296, ,493. The weekly Treas
pehu''''sr,ents showed decrease of $90l,oS3 in
VI! 'N,,ohIe cash balance, and decrease of
the 80, go IN the actual cash balance, which is
s99si4 IN o'c o"c "
now s2662Ol''lo' ,. no .no rreos,rv
.o"'r "rs show the following changes: decrease
ho""e balance of So 160,9S4 made up by
IN IN, sSS 70 IA in coin and bullion and loss
400 in the amount CT 2utseanciHs ne s 34,
o. gain in the eilyer pai%hee OF 9lo5';"t2' %
due " loss Of 81 1.3JO,3s2 in the outstanding
pn ps s Certificates. and gain in the legal-tender
svea s,snos of 500 J91. made up by gam OF SOoo'-
az in the amount OF 9uSstanGng n II c1rery tbS SgI
uhealeSS ,snder notes in the Treasury. Holdings
o. 0TSsat,onal bank notes increased Sl33 81
@w.ssurv notes issued under the law Oh io'o 70
ITesmonnt Of $1S6090 were returned to the
ne ,. a and the amount Of these notes in cir
II,s,,Sn was decreased by this sum to 9Sooo-
saiauEEl Eor the redemption of National bank notes
T ~ rreasury holds S2o.O0I $40. a decrease OF
ige igeo Ss5 from the preceding week.
$Sosio,ned Is Saturdays Treasury statement
.noves suO's With that of May 10;
c0"'" May 16. May %. Changes.
Cold coin sna ..,A ts,-
lon less ef' 42761s SIP 26G GA Dec. So 1Goes4
@ ssSsss SO ssss5s is Ens ns fssssi 5sasi
Nat. Nsi. eanx aaSl,r. %.'si and
bullion talion less w. 90 6O47 2o9 o7C0o672 Inc 1.553,373
c.., IN Treas se66 ss 2Ss s266 COS Dec. s2a3,5o3
Deposits .ISsa b.pks. 2ss53s2s 2sO9593s Dec. 75709O
.v.l.b. cash. $3.50 so3422n s9s5OG2s Dec. seoi.5sa
psdHs, s,i,.s MINOR M 221sO45 23Oss712 Inc. 9Os2Ci
Actual cash bal SECS 0i 70, s2oC Oic Dec ,s9os4i
THE MONETARY SITUATION.
There was plenty Of money Offering in the week.
hut the demand was far below the supply in all
branches of the money market. Besides the call
money. business on bankers balances and at Wall
Street banks and trust companies, uptown banks
and BROOKLYN banks and,trust companies were in
the market with liberal offerings. The rate for
call money representing bankers balances ruled
AZ 2G21a per cent the bulk Of the business tow
ard the close Of the week being done at the small
or figure Banks and trust companies quoted
2i5 per cent the minimum In time money little
business was accomplished. about the only in
Quiry being for long dates. Rates were s per
cent for thirty days, 312 per cent for three and
four months and per cent for six months The
demand for good commercial paper continues,
but there little choice paper in the market.
Some Of the banks are out of the market, as
they hold all the paper they desire. Rates were
4hf4% per cent for sixty 10 ninety day indorsed
Mns receivable 4l2GJA per cent for four months
hon nd fir
5d5ls per cent for prime and jiaGl6 per cent for
good four TO six months single names. Money
on call in London ruled at a4a1 per cent with
discounts in the open market for short and long
bills at 13-l6G7s and / per cent In Paris the
open market rate was "a per cent, and in Berlin
and Frankfort 2& per cent.
The market for foreign exchange exhibited a
demand for remittance IN excess of the supply
Of offerings. which consisted chiefly of bills drawn
against gold exports ani security drafts against
recent bond sales in Europe There is yet a
nicipal and railway bond sales in London to
come on the market. There was no change in
either posted or actual rates in the week; Lead
ing, drawers posted rates were 4.SSq4sst and
4S9G4. 1914, with or two houses at 4.9O for
long and short sterling respectively Closing
rates for actual business We're as follows:
Sterling casss Long s7% ss sss ss2Fs b.,,'' 81
Peichsrnarks " 81, Is 1I-1eSas-.
SnIders ''''''. 4oAG40S 40asg40h
The bank exchanges Of the New-York Clear
ing House and the stock sold at the New-York
Stock Exchange last week and for the same
lows
H3E 3 g sss !ss e q Hsg sss.e g e
No shares sold 80. 1.6l22is sos 100 728 432
RAILROAD EARNINGS.
The Tribune has printed the gross earnings OF
ffty-nne railroads or systems for the second
week in May. OF these thirty-seven return gains
OF S3oO l93 or 113 per cent. and twenty-five re-
turn losses Of $1j6,51J. or ~ per cent The
whole shows gain of $223.61S, or Al per cent.
Second week in May
g companies. sss se7 S. 7ssseo Inc ssso lss 1ls
z companies. 2O2i7es l.se5,2s3 Dec. l5e,5l5 ~
Total 30 eo.'ssS,sso4s ABS $5oi411a Inc. s223.C7s Al
The Financial Chronicle" computes the earn
lngs for March as follows:
s !sse Inc se7s f2s7:ts
Operating expenses s772se71 asls4747 Inc. 145s,o7s
Net earnings - SIC 7ss e52 slecos9ss Dec $3.50 500
Gross earnings l .1 Ss2 S o !, ss aaS Inc s 2l
Ne' earnings... 526S743S 57095 945 Inc. 4.4j6.5O6
THE WEEK IN WALL STREET.
Dulness was the chief feature Of the security
markets. but the course of trading in the last
week Indicated that the alleged uncertainty
10 McKinley's money views was about played out
as bear factor for lower prices. In the minds
oi the leading financial interests in the Street
'hefe Is no uncertainty regarding the man or the
platform Of the st. Louis Convention, and 1t is
useless for Democratic and Mugwump papers to
sSsntLue 10 msreprcsent the actual sentiment
:. 'se banking community. There always has
"a "a and there always will be duness in the
vaauty saiity markets preceding a Presidential con-
'aen but at the present time there is cause
v,has Sason for the distress and lamentations
go" Na are heard in some quarters regarding the
s.sehauon In the Street" While there are. to be