New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-07

forgotten that the position of the companies is different
cay much and cannot be forced to market their
coal &c any price, to meet fixed charges and current ex
As TO the financial conditions of some of the COM
panies 10 is not so certain that they are stronger
than in 1870. Reading has Just out of the
ceiyers hands with an accumulation of nostponed
and deferred Liabilities, and one of the New York
companies has increased it's liabilities since 1875
direct and by guarantees-by over $4,000, 600
and ITS net income for 1882 was smaller than 1t
was in 1875.
The stock Exchange markets were dull all the
week through, but there were some noteworthy
closed weak. ,Tne final changes in the bids are a
advance for the 3s, ss dechne for the Ais and 81
decline for the As. The Weakness in
to sell than to fears that the Page bill
relative to investments by savings banks, II
ii becomes a law will bring to the market free
supply OF bonds in order that the proceeds may he
invested IN srcur ties which will re urn q aig ger in
come. state bonds were neglected and the SAFES OF
them were unusually small At meeting on We'd
Central Railroad, Mr.. Johnson. president OF the
rpOrganzed company, was present and frankly adj
mitted that his company acqueSced IN the recent
decision of the United States Court holding thar the
state and bonds were first lien upon the road to
which they were issued IN AID OF construction.
About 100000 of the 81 1850 900 bends were rep
resented at the meeting, and commit tee consist
ing OF VT. g. q. Wolfe and MIR. John Is. Manning
appointed TO am the views oil other bond
holders rratlVB 10 me terms OIL lunulOg. Mr. OlU6
vest rday sailed for Europe to confer with foreign
holders of abOur 100000 bonds
Inc railroad and general bond market developed
an unusual demand for lOw-priced ISSUES that are
reg rled Investments. and tackled on to that
movement specu alton some of The lower
priced bonds including certain of the income issues.
IN Page bill, re,atlve to savings banks II IL be-
comes law--it passed both houses of the Legisla-
lure-ls likely 10 increase the demand for good
bonds that still seiling at prices which will
turn ga q DER cent on the investment.
The West obore and Buffalo golt 5s were dealt in
TO the extent of several millions of dollars, and rose
from 80 to S2fOSl14. NeW-lork. Chicago aud ST.
Louis hrsts also were in demand and advanced rom
0yl4 10 l0ZDl0l7 One bro ker purchased $3.50, 600
of these bones at 1O07s0 1912, presumably for
financial institution. he bonds not only are pay
able principal and IN crest IN gold but have
voting power and m the presant situation the
interest y practically by s4e
Company. A movement IN the East
Tennessee, Virginia and Georgia Issues was nOtlcra
bic ana higher Prices were made on reports OF
ploDabe arrangement OF some kind with the
southwestern system OF railroads." but that
movement was speculative.
The SHINE speculation requires little mention be-
You'd what has daily been SAID of 1t. Ii was dull
generally with moments Of spasmodic activity
the TRANSACTIONS Tor the week amount to LAG, rs
shares, agalnsO l.2499IZ shares Tor the pr ceulnB
week. OF fluctuations there were plenty, but as
they were confined within small limits, and
wine her up or down the pure results OF clique
man II pu atous. Even the resignation Df Mr. VIM
drrbiit from he presldeacies Ot his companies was
suiIc ent only To make momentiry ripple IN the
those properties estib shed. AMI then dulness.
4 hs primer pal maj changes pr fol ows:
Observation-Disclosures ana PItsOui z. 138; Central OF
New Jersey aud Denver and Rio G.aude, each liz |;
Rock Island and Richmond and West Point each
13a Omaua preferred, 17s; Hannibal and st.
Joseph preferreu, "a; Richmond and Danvilie,
3i2 80 >On and AR Line preferred, 4is, anu Cana
dian PacIuc, per cent. Decllnes-MlchIgan Cen
tru l Lake SnOre l Il ST. Paul. MiDneap lis and
MaIitOOa, LIZ, aud Lentrai aud Hudson. 2fs per
cent. At the close of tho week the market seemed
10 he ragged.
The gross earnings OF the following railroads are
reported:
UNION PACIFIC
1881. 1882: 1883
IGaR s3eSsygtt s22sS9Ss s 2lSi9Gs
NORTHERN PACIFIC.
1881 lss2 1889
Number OF miles,. I22 G2 ldol
jan 10 Aprii 80 ~ Si45o5 I'sssi0s i.s4574S
HANNIBAL AND ST. JOSEPH.
F8urth week in April. s626ll $4,000 s53og0
Jan 1 ~ Apnl 3O......... 644,t43 62l,775 7o2,2s9
CHICAGO AND ALTON.
Fourth week in April. sl3S72t sl49935 sl3i.5l5
Ian 10 April ....... 2O6. ,6i3 22572s7 246O,327
ST. PAUL, MINNEAPOLIS AND MANITOBA.
.,.. isis 4s ISL Sia lS $50
E sS to T %p n 1p i55s7I i55iS 4SisS
The following are Saturdays quotations for I'M
listed securities: