New-York tribune., 1896-02-03
STOCKS CONTINUE STRONG.
EXCHANGEAND MONEY QUIET
CONDITION OF THE FEDERAL TREASURY
RAILROAD EARNINGS.

CONDITION OF THE FEDERAL TREASURY
RAILROAD EARNINGS.
Sunday, February p IN.
The United States Treasury received last week
from customs. s2.4ls,25s; from internal revenue.
y772 923 and from miscellaneous sources S499-
q, Total from all, s6.6ssOiS. against S6.O5S, ,i57
4, the preceding week. The receipts for the
month 70 date amount to sSS6.7sO. and the pay
rents to s1.l94,OOO. making the excess of ex-
penditures over receipts S305,239 For the fiscal
year to date the receipts sl91 G9i 4si; ex-
nenditures s216,6S6.lOl. the excess o. expendi-
tires being slS9Sl,617. The weekly Treasury
statement showed an increase of Sits. .392 in the
available cash balance, and a decrease of Sc. .527-
,,'i.ssl77S ,1 ' "''''' Is '''"
Compared with n week ago the Treasury hold
ings show the following changes: \ decrease in
The gold balance of $214,127, made up by a loss
of $s2S697 in coin and bullion and a loss OF
$3.50 in the amount Of outstanding certificates;
gain in the silver balance of &z 233. due 10 a
gain Of $52O.lA in silver coin ard bullion. plus a
loss OF $l,690449 In the outstanding silver certif-
Gates and a loss in the legal tender balance Of
959OS2 made up by q gain of $6S0G0O in the
amount Of outstanding currency certificates ana
q loss OF S5's.0S2 in the amount Of legal-tender
notes In the Treasury Holdings Of National
bank notes increased $4i6.S54. The Treasury la
blity for the redemption of National bank notes
decreased s;54.653. and deposits Of lawful money
on this account now amount u S2l973G53 Treas
ury notes issued under the law Of 1890 to the
amount Of S2.s1S409 We're returned to the Treas
ury. and The amount Of these notes in circula-
ton was decreased by this sum to $llO.22llS5
Subjoined is S4%prday's Treasury statement
compared with .Sdl Of January 25
Ja--sry 25. INbruary l. Changes
Gold coin and hull
aiss .....:... $50 o5s GA $40 s455o7 Dec sei4i27
s nsaa so: Ss5s @ GSsS 5 Rs Ins
dollars
bullion. less GER
tieca;es 2oos5.c2o % 600 46o Inc. o.2l.233
Cash Treas. $50 4scol slslce4 $50 Inc siIs4s7s
Deposits Ma
tioaai banxs... lsio.2se i4.sOa.sos Dec C.4se
Avoas, cash si0O 800 sisc 4cS oa2 Inc sll7s3o2
SlI,es I7.i7I.24s 2as7eal4 Inc. 7.7o5.ccc
Ac,us. cash bal si7slioo52 si7Iaei77s sO52727
THE MONETARY SITUATION.
Call money representing bankers balances
ruled at 3G3is per cent in the first part of the
week. but toward the close a better demand ad-
vanccd rates to 4Q5 per cent On Friday the
calling Of some loans incident to February pay
ments and possibly for bond subscription pur-
noses caused an advance to per cent. This rate,
however. held only for a short time, the close
yesterday being per cent Banks and trust
companies continue to quote per cent the
minimum. Time money was dull with few
three L. four months contracts being made at
5hG6 per cent. The quoted rate for all periods.
however, was per cent The inquiry for high
class commercial! paper was somewhat better.
There was larger selection of names in the
market and some Of the banks reported redis-
counting for Eastern banks. Rates were 6 per
cent for sixty to ninety day indorsed bills re-
ceivable. per cent for four months commits
sion house names. 6I7 Per cent for prime. and
7G9 per cent for good four to six months single
names. In England the Bank Of England con-
tnued its minimum rate of discount at per
cent, while discounts of sixty to ninety day
hank bills in London were flfteen-sixteenths Of
| rer cent. In Parts the open market rate was
IL per cent and ir Berlin and Frankfort pa
,er cent. The Bank of England gained in the
week f617.S9S bullion. and held at the close
iiS314279
Arbitrage buving in the stock market, de-
creased demand 70. r.'ttance and somewhat
better supply OF ni.s the factors which
Contributed TO ease in the foreign exchange
market. Some bankers bills were offered which
were contracted for early in January, when II
was expected tn there would be a large de-
5aand for gold frr,: Europe for the Government
bond issue II the terms of the Treasury circu-
lar had not been modified the holders or the
bills taken early in the month on speculation
might have been disposed OF at comfortable
Profits but the extension of the time for the
bond payments has curtailed the demand ior
gold IN the European markets, which the circu-
lar as originally drawn. would necessitate
SPECTATORS in exchange thought that If all the
gold had 10 tse paid in by the end OF March
sufficient gold could not be accumulated without
resort 10 the foreign markets The supply or
commercial hlls-principally grain bills-was
bette. The close was a trihe irmer with
posted rates for sterling at 81 SS4S4 SS1a ana
si Ssi9Gsi 90 for long and short bills respect
iyely. Actual rates closed the week as follows
Sterling .........4sssgAss ~. 80.
R.lchsmafks ..... s5,. s6,.
Guld-rs ''~
The following table shows the bank holdings on
ne respective dates:
Feb g. 'e4 Feb. =. e, Feb, l. 30
$40 20
Ess.1':'o:F' bsss.: : 5$yss$$S
The following shows the relation between the
total reserve and the total deposits Of the re-
spec;ive dates:
s,.., E;$s e E; ;S ss'Ss$s @
Total reserves ..249575 100 si7a.so2 800 ss2 200
sssG., depsss saqsea ,s7s,2loo las7aoO i22ssoo
ssra. i.css sos '''7'ssO9 sia ''''a' $40 20
Percentage 1'-
The bank exchanges Of the New-YoTk clearing sin,.
House and the stock sold ct the New-York STOCK
last week and for the same week oil 'he
prec ding two years compare as follows:
Exchange. $50 3. 5ss g ;$
RAILROAD EARNINGS.
~. Tribune has printed the gross earnings Of
.Y,v.eeven railroads or systems for the third
week in January. OF these forty-seVen re'ur"
gains OF SCAT S23. or 1871 per cent. and twenty re-
twrn ,oscss NJ $50 S53 or 1916 per cent. The whoie
shows a gain of $j51.970 or 10 per cent.
Third week In January-- ,ooo c,o,pes T. C.
A. .-,,o,,c. 81 T2r 2s5 s5.3T7.OjS Inc soi,s:s X
n n eon.anies ~ s474n 7375ss Dec S9s'"' ~"
20, r. 81 57cG7G sG.l3i.cis Inc. 1;'S'O loo
THE WEEK ~ WALL STREET
Various favorable factors In the week i"-.''