New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-22
CLOCKS AND BONDS HIGHER.
WALL STREETS IMPROVEMENT
CONDITION OF THE FEDERAL TREASURY
RAILROAD EARNINGS.
Sunday. June 21-

RAILROAD EARNINGS.
Sunday June PIP. IN
,r,. United States Treasury received last week
80, customs S2,159.002, from internal revenue
90 -of 1i9 and from miscellaneous sources Sab
o. Total from all. $3.50 0sS against S5,G7l,-
eco In the preceding week. The receipts for the
9TH 70 date amount to Sl1.323. OSO and the
,.r,ents TO SlS.III.00O making the excess Of
.vronditures over receipts 81. 4539l9 For the
ascal wear to date the receipts are $3l7 121 SsG
oxnenditures 345,563, ESQ., the excess of expendi-
,rrss being $2S.435,194 The weekly Treasury
e,a,enent showed decrease Of 50 500, J97 in the
o.aiable cash balance. and a decrease Of $1,311,-
so1 in the actual cash balance which is now
500 leJ,ooi' go
i,gs show the following changes decrease in
he gold balance of S322i.ss1 made up by loss
~ s. 1j66lI In coin and bullion and loss OF
S391 130 In the amount Of outstanding certii-
Sotss: a gain In the silver balance of 81 $50 1853
sus TO gain Of $3.50 130 In silver coin and bull
,'n and loss Of 5000 O24 in the outstanding sill
YER certificates. ard gain in the legal-tender
balance OF 81 go 6O6, made up by a loss of S9l0-
0g0 IN the amount Of outstanding currency GER
,,dcates and gain of 81 1JO,606 in the amount
Of legal-tender notes in the Treasury. Holdings
Of National hank notes increased Sl7O,99i Treas
ury notes issued under the law Of 1890 to the
orount of S.)5J,S1J were returned 10 the Treas
nry and the amount Of these notes in circulation
was decreased by this sum 10 $50, 500 492 The
treasury holds S20,037 922 for the redemption of
National bank notes, a decrease of Sl3Ok1S from
the preceding week.
Subjoined is Saturdays Treasury statement
compared with that OF June 10:
June 49, June 20 CHANGES
Gold coin and huil-
Ion less cer,in-
Gates -: sloG37i9'o $loS l5ools Dec So 224 ISL
certificates -. l?2.97lo4o i24oslOi5 Inc. 2oio 600
MAI bank notes. lv,oSS l1l lO,559,l4J Inc 40 1874
bullion. less ce..
thcates S2672,lsi 3aocl 344 Inc. l2s9 1863
Cash Treas s272 ooG277 s272 8o2 1853 Inc ss5 SO
iionai banks. ls,o34.46s 163i79e5 Dec. Slse47s
Available 7i5 s2ss $50 las Dec 81 $40 o7
SIiies .,.... 25o4ssss 2s4o44s7 Dec. ls7sooc
Actual cash bals2ie 1882 s2c5 lss o Dec 81 3i1 C
THE MONETARY SITUATION
The local money market exhibited a nrmer
tendency last week ana the turning in by de-
pOs;tory banks of bond funds to the Treasury
caused moderate activity IN the call loan branch
o. the market. Can loans representing bankers
taldnces were made at 2leN3 per cent on Mon
day and throughout the week they ruled At
2a2}2 per cent, the bulk II the business being
done at the last-named figure. Banks and trust
companies quoted 2l2 per cent the minimum
Time money rates were frmer although there
was only small amount OF business done
Rates were per cent for thirty days 303i2 per
cent for three months, 3l2G4 per cent for four
months and per cent FOR six months. The
commercial paper market rates were quoted at
4Q4i2 per cent for prime Endorsed bills re-
ceyable 1900 per cent for four months ac-
Ceptances and choice foIr NOR tbs sirgle-name
paper; 4ie0J per cent for the best class six
moths singe-name paper and 506 per cent for
paper not SO We'll known. The best names were
In good demand from local banks. but The de-
mand was limited. AS 10 the available funds at
this centre. the bank statement for the week
showed decrease III cash holdings Of 81 l33 100.
Money on call In London was i3d:4 per cent.
and the rate Of discount in the open market for
short and long bills vas ll-l6Q 3. per cent. The
discount rate in Paris was IL, per cent, and in
Berlin "a per cent. The Bank of Fngland's
minimum rate OF discount remained at per
cent
Arbtrage house buying Of securities for foreign
account had appreciate effect upon the for
egn exchange market, and posted rates We're
reduced half cent. and those for actual bust
ness were also DOWN about One-half cent. ON
Thursday the market was firlner. but the close
was easier, and there was a noticeable Increase
IN the disposition Of bankers TO draw bills and
the demand was lessened. No gold was sent out
yesterday. and IN the week there were no i'm
portant shipments, the total exports amounting
to only S9242OO The outlook In the exchange
market is good, and although Europeans have
yet 10 draw July interest payments from here,
the chances against any large gold exports.
Posted rates Of the principal drawers OF foreign
exchange were 81 SSdS4 $50 and 81 S9Q$4 s9l2
for long and short sterling respectively; Paris.
francs 5.14as for long and J.121a for short; Ber-
lin reichsr1arcks 952s for long and 90 for short;
Amsterdam guders. 40% for long and 405s for
short Rates for actual business closed as fol-
lows:
Sterling G sss. s 1as s: Short ~. ~
Reichsmarks 100. so5-lG 90
Gulders sV'4t 4V7s s"AHfV'2
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
week OF the preceding two years compare as
follows:
Exchange. Igss 81 dss Isls = Ss
No shares sold 49, eS0 PSI l.4s6l7l 1868 422
RAILROAD EARNINGS.
The Tribune has printed the gross earnings or
sixty-seven railroads or systems for the INST
week In June OF these forty-One return gains
o: S3sl 939. or Ill per cent and twenty-six re-
turn losses OF sol IA. or 90 per cent The
whole shows a gain Of S1S01 100 or 30 per cent.
The Tribune has also printed the gross earn
ings Of ffty-One railroads or systems Tor the
second week In June, Of which thirty-four return
gains Of s4O7 los, or i 2 per cent and seventeen
return Losses OF $50 S29 or 90 per cent The
whole shows a gain Of S326,329, or GO per cent
First week in June ,ooc r,sere,ces Pc
q compsnies 2$s555 2csa5s2 Dec GOTTA 80
Total 81 co.'s s. ESQ cc4 s5.s4eslo Inc sisol s2
ss@5sns: si S@s 81 Tns s's5 Iss -
Total 81 co.'s. sa92S .ss s5s4si2 Inc sa2'.a2s 60
THE WEEK IN WALL STREET.
England is feeling trfe put out" at the sue
Cess Of Major Mckinley. and the assured success
o. the principles Of protection which ne repre-
ssnts is causing the English mind 10 fear for that
country's present commercial prosperity us
commercial condition during the administration
(p.,.a and huc hoo mi