New-York tribune., 1896-11-30
rpADERS CONTROL STOCKS.
cryEB1L CONDITIONS BRIGHT
rr or THE FEDERAL TREASURY
RAILWAY EARNINGS.
Sunday. November 29--p. m,

-.rC OF THE FEpERAl- iNEAoohI-
RAILWAY EARNINGS.
sunday November 29-p. m.
rho United States Treasury received last week
i aovs-from customs 81, ,1'3.63l. from inter-
~.,.enue So 1856 .l20. and from miscellaneous
q" s543637. making a total of So,9o3GSS,
sV' 81 61S. SOB the preceding week. The re-
f,r the month TO date amount to S23S1I,-
car" tho raynents to So, ,O0O making
Y" .xcsss Of expenditures over receipts SS,3'4.-
U. For the fiscal year to date the receipts
va hoen Sloo21j.4ti. expenditures SlIOb''9.-
- tho excess of expenditures being S4l.2G4.-
S % rho Treasury's actual cash balance in
A~ T., ,be week S110.559. and now stands
:, so2S3 359S1S.
,rroasurv received in the week $2.SS41l5
~o,iopal bank notes FOR redemption. TO Sc
National bark note circulation 1t now holds
.su 15o ilo in bonds, as follows:
g, Is .......................... Slo:'l 400
fve rcr cent: cents q, aGagoG"
@ rr % per cents Of l,%." 80 p @
wv ia States bonds deposited for circulation
,n, the week S3>J.OoO; withdrawn, SlSI 900.
aMn,ional aa,a bank note circulation outstanding
N,ncv Na..,rc so3.5 go $50; gold notes. SSG.ISi.
The Treasury holds SlS'5N"N't regal tender
Ir IN. for redemption OF surrendered circula-
nV"N NV against SIS 10000 a week ago
u9n uSnhio;ned is Saturdays Treasury statement,
..,'rsred with that OF November II:
Nov 2l. Nov. IS. Changes
cAd coin ard bull
~, less ce sl27 cis $3.50 1886 Inc sal7ooa7
L no,ss 81 9sO.3oa 7749 3i Dec. 3,so5.O5l
slver dollars ara
ng."n ns ''ss i6oss s2s i7.o?S.slo Inc. l.O24.?sl
c,., =, Treas se24loi4is s224 4'ci. 40 scoo97a
p.pssl' .sl sank, IN ic7se2oa iG47>oc3 Dec. aoS.iso
,,.,,p. cash. senai,.c2l s2.. .2aa 4os Dec. ss.iSs
ps1g, S,., In0: M lase~aoa ics7oaoc Dec. 7is.7ls
,,,., cash bal as227Gi9ai9 SOS a5s.s7s Inc s7ioa'o
THE MONETARY SITUATION.
The l,cai money markets were easy. with call
money representing bankers balances lending
as low as per cent. and large amounts at per
cont with the general average at 2i2 Ier cent.
panis and trust companies quoted = per cent
N. minimum. Time money was in fair demand.
sni feature of this branch of the marke, was
ne lending Of funds upon long sterling hilis al
sT3is pcr cent The general rates on good
sock Exchange collateral were ! per cent Tor
sixty days. 3Q3ls PEI cent fol three months ana
per cent for six months. The Commerciai pa
nar market was fairly active. the absence OF
large supply of choice paper preventing greater
activity. The expansion in the loan item ids-
week Of the associated banks reflected the de-
mand for mercantile accommodation. ana the
exchange operations in long sterling. and IT IS
noteworthy that in the last two weeks ms & eA-
pansion has amounted 10 more than SlN""""'''
The prevailing rates for higf-grade pape! N'ic
id4is per cent for three months ana 4i2m' per
cent for four ard six months. with quotations
trife higher for paper not so well known; nut
acceptable. In London call money was "u"'2
her cent with open market discounts at 3'2 per
rent The Bank Of England's minimum rate or
discount remained at per cent In farls tne
open market rate was per cent. and In Berlih
and Frankfort II, per cent. The Bank of Eng
land gained in the week t"'l,'ll buinoh' ana
held al the close f:,6 t,o.S4S.
The difference between the rate Of money in
this market and that in London accounted Tor me
frrness in the foreign exchange market. Dahk-
Frs here finding 1t convenient. and believing II
profitable 10 buy long sterling Tor investment;
The accumulation Of sterling IS large. ana
NAV amount to more than that needed for JanC-
lry interest and dividend disbursements, IN
which case il is hard to see where present opet-
.tions will bring il profit. especially IN view
y tho fact that there is no Indication Of an i'm
~. diate falling off in cur merchandise exports
which are furnishing more bills than present
gitimate necessities can foT. liine loans, a.
,oted before were obtained in this market III
he week on sixty-day sterling bills at "njie per
ont the operation virtually resulting IN Iehu
rg money 70 London. and II was cstin,a'ch al
ha close Of the week that several millions OF dol
arg were lent here on sterling bills as collateral
.ong sterling and Continental exchange re-
lected in rates the somewhat easier tendency IL
London money rates. Posted rates foi stcrHhs n
iosed AT 81 S3i1MSlSl and 81 StMSi Sal2 for
ong and short bills respectively. Rates for
actual business clo-ed as follows.
..-rns .s5.s.;7 s!; 4~a'.d.s a., Z tiei;; ";
s.i:s:m'iks "''.as3s. .s3s. ''''@gG, ''sc. o. sS
The hank exchanges Of the New-York Clear
ing House and the stock sold al the New ork
Stock Exchange last week and for the same
week Of the preceding two years compare AS
follows
.,s.s... .,.:os Rs & Sas ss 3s ea Sex Sc, q
70 shsres Sold NJ GG7 l.o>a.344 ''s%''
RAILROAD EARNINGS.
The Tribune has printed the gross earnings
~ sixtv-tvo railroads or systems Tor the sec
ond week in November. OF these. twenty y-one
return gains Of SlS4.2lG. OF ~ per cent ana
forty-one return losscs Of SII3.C'~. Or 80 per
cent The whole shows loss Of S1s3, iS2. or
10 per cent. ..
The Tribune has also printed the gross earn
ings of forty-six railroads or systems FOR the
third week in November. Of which twenty one
return gains Of S2l3.2"l or - per cont ann snn
return losses Of Slli.1l. or 10?
per cent The whole shows loss OF S2o"30'.
or 34 per cent
Second w.ss in - - ~ 60 m ISs @ ,ir nTsac: ~
4 eompsh,.s smpsnss S5sSieso zG2s,i Dcc 7.sls li5
Totals 90 COS. 81 4oaoes sosie5ii Dec s5sa4s2 -
q compsnses. 81 iG7 sea SESSION. Inc. s2223i ss
25 oompanes. %S)G.S7s 3.3o3@1 Dec @l0"4l 10
Totals. 4s COS s5s747il s577ias4 Dec. s2ls.ao7 "a
THE WEEK ~ WALL STREET.
All conditions are working toward perma-
nent Improvement In all lines Of business ana
trade. Evidence is accumulating of growing IN
dustries ana Of expanding trade: Of me end OF
monetary troubles and the beginning or conn
dence and ease Although there has been some
reaction from the activity Immediately following
the election, there has been no actual falling OH
IN work. but more natural and graduaI re-
sumption of business enterprise on INES prsl