New-York tribune., 1896-03-30

Sver dollars and
thcses 24S5ess p. .2es. GAS Dec. less
Cash IN Treas s2c4 s52 $50 secs ss73a24 Inc O21 535
Deposit. In Ma
tooa banks. 274e2 100 25,72e.457 Dec. 1892 733
Available cash 1921 1859 500 loa8s Inc 81 32s s02
SHties -. e57es72e 24.s25.5aa Dec. l24a1oo
Actual cash $3.50 s2Go577sis Inc s857l aos
THE MONETARY SITUATION
Money on call. representing bankers balances
waseasier, due in great part to the accommoda-
ton afforded by the funds accumulated for
April interest payments The prevailing rate
was 3GSis per cent. the larger amount of the
business being done at the last-named figure.
Banks and trust companies generally quoted
81 per cent their minimum Business in money
for fixed periods light, with liberal offerings
for long dates. Quotations We're per cent for
thirty days. 404ia per cent for three months
and 4l2G5 per cent for four and six months
One loan for $1,000. 600 for nine months was
made yesterday at 312 per cent. Commercial
paper inactive at 51eq6 per cent for
all periods for high class names. First
class mercantile concerns showed no desire
to- borrow. In London the Bank Of England
made no change in its minimum rate OF dis
count which remained at per cent. Discounts
Of sixty and ninety day bank bills in London
ruled at 1l-l6 of per cent In Paris the open
market rate was ia per cent and In Berlin and
Frankfort. 2h per cent The Bank OF Engiaha .h
lost in the week 9S7 bullion and held at the
close f4S. .703.957
Foreign exchange was strong. with rates for
The demand for remittance was not urgent, but
there a great scarcity Of bills. The report
that bankers who borrowed gold from abroad at
the time Of the bond subscriptions We're repay
ing II could not be verified. and the fact that
the demand for exchange was not heavy enough
TO Indicate any such movement led TO the pc
lief that the gold was RENTED for several weeks
back Posted rates closed the week at ASA
1881 and 1904 89H for long and short sterhng
respectively Rates for actual business closed
a. followsi
s~,.n. .4..sssss sssis Long ~: sss snort SsS
-: :fS: ia:.:: :: ~ 81 81 ':Ss 80 :sss
The bank exchanges Of the New,York & Glesrns s,dns
Exchange Mst week and for the same week OF
the preceding two years compare as follows:
r..s..... s.s;as| :. H;fss $; A;s's
RAILROAD EARNINGS.
Tho Tribune has printed the gross earnings
Of sixty-f1ve railroads, or systems 1or the sec
ond week in March OF these n. sns twenty
nine return losses Of $214!5e or 81 per een,
The whole shows a gain OF $le4,oso. or ''I PER
cart The Tribune has also printed the gross
earnings Of ffty-three railroads or systems TOT
tha third week in March, Of which thirty-ons
return gains Of s37s4l6 or !SS @ per cent anu er
o~et rns whole shows gain of s242076 or 46
per cent
Second week in March ,.o cs.,v.s pc
g ss bss ss 'si 81. ss Il
pe., IS ee.. ss.ts s4i ss,SSl.7al Ino sis''s'' 80
% bss Ias iss ls
ro,a, ss CO.'S So 1sI AGO 8 4ss.oas Inc s242o7e 40
AsDun's Review" for last week makes the iol.
lowing report on railway earnings IN March'
.Gross earnings Of all roads in the United states
reporting for March to date are s.SVss. 80 40, an
increase Of 34 per cent compared with iast year,
and q decrease of 101 per cent compared Win 'io
corresponding period Of 1893. The statement nov
covers nearly complete returns TOT .ne nisr - the
Jynfted States more than one-third the total mhe-
age Classified returns for March show u.sn. con-
ern reads and a trihing loss compared with
1893. In both classes the important Iihes are
well represented southwestern ioaus p'tharn sepVhe
loss compared with both years. While on SoutheTn
lines the gain over last year Is very small III
these two classes also there Is larg represeh,a
ton. On trunk lines there is loss compa.ssu .s
with both years but the earnings Of none OF the
larger trunk line systems for March have as YET
been received Altogether the statement TOT
March is hardly as Satisfactory as ior saIier and
the loss compared with 1893 larger than for any
month since September
THE WEEK IN WALL STREET.
Movements In the stock market were small and
unimportant during the week and outsloe OF the
transactions Of room traders, there was httie
dong The conditions In the money and foreign
txchapge ma rkets attracted the attention or the
Street especially toward the close. when an up
ward movement In sterling rates renected an
other outward movement Of the precious metal.
There may be exports Of gold this week, but no
vnea asiness should be felt on their account or
on the account OF the Treasury, FOR rhoVeineIt
OF gffd N Europe at this season Will be normal
but not large: and the condition OF the goid paI,
ance in the Treasury is such that s,n norn,a,
movement Of the metal Will nave no narWtuI
effect upon IL The Bank Of England raised its
purchasing price for American gold on Inursoay
TO IT'S lOd which mad, IL possible 10 snip goio
bars from here a. sII Sft profit. but to meet
ibis the Treasury raised the premium on goid
bars from lie to 3-i5 Of per cent. which had
the effect Of raising the rate at which the pars
could be shipped at profit, and also or IN
fuenclne possible shippers OF the metal TO take
sold coin instead Of bars. II cannot be suppo..su
hat the Secretary OF the Treasury IN raisihs .'s
premium on gold bars believed that ne couia
prevent gold exports for such an efort wouiu
only serve to pu, OF exports for a while. ana
sso any Tightening OF the money market ~
oder To prevent a natural flow or goid aDroau,
would likewise only avert the shipments io'
= time II. az II has currently been reporteu'
t1t SECRETARY intends TO make another can upon
tne depository banks for a part OF the funus
nil remaining bond account, which are IN
Guided In the banks holdings. protective
measure against high exchange rates, the IN
noence upon the money market will be more un.
,.ssorable than actual exports Of the metal; ana
~ ~ view OF the present condition OF the money
market II does not seem credible that the
Srcrelary can contemplate any such action. The
sss1tement Of the associated banks published yes
sss@cay showed reduction for the week OF
sssozSo IN the surplus reserve, which now stands
- ?Io4L42o. On April / a considerable amount
rs.Ixu,tsrest settlements have to be made, and
r,,s ulHe tnese settlements many institutions are
~Nui oi ine money market, except for call loans
~ .he banks In general, account of their
s>rm reserves. are refraining from making any
pa"snts paoes ~ rs ior time money and commercial
hu nLCs 81