New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-05
oSDESsED BALANCE SHEETS.

Total $50 365 $40 0S9 1928 Inc. 50 l34463
The foregoing statement of liabilities includes
neither the interest due January l, 1881, and the
dividend due February l, 1881, nor the interest
CS2164 400 due January l. 1882 Although tho
statement of tile years business seems to show an
addition to the income account of $40, S54 the bal
ance sheet shows decrease in that account Of
S193,s95. This is done by reducing the
figures of Income account to December
81, 1878" from $3,O19.347, as they stood
in 1850 and have stood in every balance
sheet since that date until the for 1884, to 81,
7S4,59S while for 1881 the surplus is kept at s40,-
Os9,s2s The usual additions were made during
last year to the several sinking funds but after all
those changes the company's interest and rental
charges for 1882 will be 81, S04 10 against ST.
500. 926 for 1851, because although the Detrolt
and Bay City line operated nine months, tho
Michigan Central paid but one coupon on the
bonds of that division.
There was no hesitation in to-day's stock specula-
ton about making better figures for shares at the
very opening of business and first prices showed
advances of 1.Q5s per cent. There a buoyant
feeling for the greater part of the day, and only In
q few instances were there any important reactions
in prices at any time Yet the whole business re-
fleets nothing more than the momentary opinions or
traders To-day il was fashionable to buy stocks,
and this was followed to extent that eliminated
very large proportion of the trading short interest
and perhaps has left the general market tonight
as heavily over-bought as a few days ago soma
stocks were over-sold." A special feature of the
day was the sharp borrowing demand for Central
and Hudson stock, which made it loan
as high as 1-16 of l per cent per diem for
use, and which created sharp buying by shorts"
that carried its price up to 127l2, because
the transfer books for the June election do not close
until Saturday 1t is significant fact that this is
the first time in years that there has been any
borrowing demand for Central and Hudson certif-
Gates for election purposes In fact II would not %
far from the truth to state that until now the Street
has forgotten that there was such an event as an
annual election for directors of Central and Hudson
Railroad Company. Central and Hudson stock
finally closed at 126-7s per cent higher than yes
terday The clique in Michigan Central stock did
good deal of talking about the favorable fea-
lures of the companys annual report and after alb
sorbing such stock as offered early at s2l2dS3
marked its prices up to S5lsGSi3l. Lake Shore
was active and opened up b at 10l rose to lO2 and
closed at 1Ol3s Central Of New-Jersey
was active and erratlc. Operators IN that
stock have protested TO be guided by opin-
ions of what the decision of the New-Jersey
Cbanccry Court would be III relation TO holding an
election fordrectors To-day the stock opened at 49,
rose to 7OI and fell to 6S5s before the report was
current that the Chancellor had rescinded his mod
ifcation of the previous injunction forbdding the
holding of an election. Yet after the report was
current the price rose 10 7O's ana
closed at $685. Delaware, Lackawanna
and Western rose from 1888 TO 1898, and
fell to l1s5sG11s7s. St. Paul was strong up
113ssQ113 The company's annual report for 1881
was published to-day, and reminded operators OK
what the gross earnings. operating expenses ana
net earnings were the figures for which have been
printed beforel. An analysis of the report requires
too much time and space to appear in this ISSUE
The St Paul and Michigan consols were unusually
active and strong, but they. with the general list
failed to maintain full figures at the close. Denver
and Rio Grande recovered TO 627s062$i and West
ern Union, while dull, was strong. The marAe'
closed fra and unsettled.
Government bonds were dull and weak, tho maj
bids far all the issues except the continued IS show
inc declines of & per cent. Annexed are the closing