New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-10


Actual cash in the
Ssa SOS sas S.s "a Dec si sss
Available cash $3.50 oas go sasoos212s Dec sc.4s7
biIcs .. I545s7o3 15.5e3.4I4 Inc. 1o4.s21
Acrar cash s27 47asI7 s27l aes 700 Dec Sill. ios
Customs receipts reported to-day from Wash
ington were $39j,SJ5, internal revenue receipts
$40 SOL and the miscellaneous receipts SlS.373
Total Government receipts for the day. $sS46Sl;
expenditures 81 1926 900; excess of expenditures,
81 04l 31S Receipts for the month to date ST. 234-
hi: expenditures s12 993 1856: excess Of expendi-
lures s5.75S.s75. Receipts for the focal year to
date 1851 S4435l; expenditures, 1882 35S93o excess
of expenditures over receipts s4509579 There
were A5S 0@ National bank notes received Tor
redemption
The Sub-Treasury had a debit balance at the
Clearing House of s393.44G. It's net loss on bal
ance was s4OO,147. made up by loss in currency
of sls5.55o. and loss In coin of *2l4,.ss; TO-
days operations included Receipts, $29lS29o:
payments $3.3lS.442, resulting In general bal
ance Of 1921 565 AL consisting Of NSl277,l57 coin
ard s90.2S7.994 currency
MONEY AND EXCHANGE
Money on call was 3hGp4 per cent Time money
ruled at S1zq4 per cent for thirty days per
cent for three and four months. and w per cent
for six months. Commercial paper was I'M
changed In general features all periods for the
best paper ruling at 5laM6 per cent and above
for names not so well known. very little pusi-
ress done under per cent.
rates were SO and 81 90 for long and short
sterling respectively. Closing rates for actual
business were as follows:
Sterling .ss sa 81 se LES ssss.. ssSs s!:
Francs ... Sl7n 5.l5S
Reichsmarks -. e5b pa
The price of domestic exchange was as fol-
lows in the places named: New-Orleans COM
mercal 25c. discount. bank at 81 % premium;
San Francisco. sight &C; telegraph. l0c, Cnarles-
ton. buying par. selling hc. premium: Savannah.
buying lie per cent or selling par: Chicago Soc
premium. Boston. 15di6 FAC. discount.
,7s4iss: balances. si2ss2s Philadephia--Ex-
changes. sl0473,S06; balances. NH5S2 Baltimore
Exchanges S2.136.ss0: balances. S3+S '6s chi
overwhelmingly sl7sl6l0S: balances. @eoos?l
So '''''''''''' '''''"
The price Of commercial bar silver In this mar
ket was 6si4c. Mexican dollars were quoted at
q us s,sa I" l'"d'" bar silver was ""'"A"S''
Money call in London was !. per cent ana
the rate OF discount IN the open market was 916
per cent for short and long bills English consols
10 I'D for money and Hoy for the account
French rentes were quoted at lol francs ~
centimcs with exchange in London % francs M
centimes. The discount rate In Paris was ~
per cent. and in Berlin 2is per cent. Inc
weekly statement Of the Bank Of England showed
a decrease In bullion ~ tlsi.03s. Tn" proportioa
OF the Bank Of Englands reserve to liability,
which last week 1924 per cent is now 5sl1
per cent against an advance from 6's5 per cent
ID 6N "A cent in the corresponding week idSt
year The bank made 10 change in It's minimum
discount rate which remains at per cent. The
weekly statement Of the Bank Of France showed
a decrease Of $4,000 francs gold and an increase
OF O. 80 900 francs silver Further details Of the
foreign markets arc given In the usual cable re-
port printed elsewhere.
BURLINGTON ANNUAL REPORT.
The report Of the Chicago. Burlington ana
Quincy Railway Company for the year enden
December 81 1895. which made public to-
1ay he
ing in the burlington territory. especially IN Nc
braska. IN the last year, ana In view OF sue"
conditions ii cannot be considered ar altogether
urfavorable exhibit 80 far as traffic receipts are
concerned. The company has been criticised TOT
paying per cent dividends. which were unwar-
rantcd by traffic earnings. and while the poilcy
OF paying uncarned dividends cannot be com
mendcd the Burlington system has evidently
done so on the theory that the future earnings
OF the property will show such Improvement as
to offset the poo- returns In the last two years.
The prospect for the company. as for the
majority Of American fail"as prUpe,u1rS, pes
hars warrants such a veS, and 1t Is Only nee IF
sary T. examine the changes In gross receipts
I'm the last three years TO understanc that ran
way companies have rasscd through their worst
periods The Burlington companys gross earn
ings In 1894 deceased t6.3I5,sN from 1873 while
IN 1895 there was an increase u f2o7csO over 1894
and while In 1894 practically nothing was eA-
pended upon the physical condition of the prop
erty. f. 1895 considerable money was expended
for this purpose. In the annual report last
year the president stated that about Sl,OOoVc
buildings was necessary. and this IN now beinB
done as business improves. The increase IN ope-
rating expenses caused LOGS in net earnings OF
S2I943 and after Increase In other Income
OF sl7 7s4 and an increase OF S3l 9i3 In charges.
the net balance shows a decrease OF {233.5I2
reduction in the dividend from AZ to per cent
caused II reduction In the amount Of dividends
paid Of $4,000 leaving "A deficit or St22,bJo' or
n decrease Of $751;. AS from 1894. From this II
will be seen that II operating expenses had been
kept down to the 1894 level the deficit would
have aggregated upward Of s296.oOo. or decrease
OF about 1903 900 and with the income from the
Hannibal and ST. Joseph dividend paid 10 the
Huntington. there would have been an ac' ial
surplus The increase In operating expenses
however. was IN line with A wise policy, ana
especially so wher II Is remembered that In 1894
there was a falling on in operating expenses
OF s. $40 439 from 1893. The funded debt Increased
in the year 81 Gl2 800 due - issuing 100000 chi
cago and Iowa 81. $4,000 consol IS and 100000
Iowa division 49, n total of 5000 600 and against
this s. 421 800 bonds were retired The controlled
roads earned 1857. 93S more than fixed charges.
The following table shows the results OF 1928
and the two preceding years:
Isal 1904 1885
v,oo. goa 573i 673i
Gross earning. s3l o42 800 s2+GG7ia2 s4s7tIs2