New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-12

the advance in actual rates was equal to cent on
the &. As usual, Observation-Disclosures an on
day in the exchange business, no business doing
other than In commercial bills, and bankers re-
duced their nominal rates l2 cent.
The Stock Exchange markets last week MADE
strong contrast with those of the preceding two
weeks. The speculate in stocks, however, mace
little headway until after Thursday midday, when
the extent of the defeat of the Democrats at Tues
days elections began to be fully realized,
Of values. Even on Wednesday and Thurs
day forenoon the markets were more
feverisb than firm. 1t was late on Thursday before
resulted In advancing prices from 1l2 TO a. per
cent for a majority Of the, active stocks Since
reactions such as they were, were nothing more
than the effects of momentary pressure TO
sell TO realize profits, and in almost
every such instance the sellers later were repur-
chascIs at higher figures. Of course the steady adj
vance gave rise to and found many believers IN
reports and rumors that month ago would have
compartment of every steady movement in prices
in either direction. A mouth ago be-
the West Shore Railroad were plentiful;
now majority of those same dOubters
have tho INSIDE" information that the line il to
be leased TO the Grand Trunk Company with
guarantee upon its bonds, II not with dividend
upon its stock. While the speculation gradually
included the whole list, and when any veal. spot
developed il quickly was protected, the stocks
which the principal leaders were North
western common, which scores final advance for
Tie weak OF tine preferred STOCK ~ up I-6l
Lake Shore, with a final advance of 49,. the
Omahas with advances OF 3l4 and ia respectively
for the common and preferred, Michigan Central3,
Union Pacific 90, st. Paul 25a Lackawanna and
Western 2i9 and Western Union per cent. The
transactions for five days amounted to 1,633,6S3
shares against 1,S7S,977 shares for the preceding
week, and the market closed with unmstakable
indications of q hearty confidence i'll further
advances.
The market for Government bonds was strong,
but the transactions at the Exchange generally
were limited to small amounts. There were some
considerable sales made outside of the board. The
final bids show advances of Is per cent for the 80
and 4ios and of b for the As The business done in
State bonds was small and the quotations made
generally wide apart. The market for railroad
bonds fully sympathized with those in the share
markets, particularly for all the speculative issues
The principal feature of the week was the large
transactions in and the advance from 1874 to 11O
1858 for the West Shore and Buffalo first mortgage
Attention is specially directed to the official an.
nOuncement, by the president OF the company, Oh
the execution Of the contract between the Canadian
Government, the Bank Of Montreal and the Canadian
Pacific Railroad Company, by which dividends at
the rate of per cent per annum l2sem-annuallyl
upon the cOmpany's stock guaranteed for ten
years, till August 1893. The notice Is printed
below
The gross earnings of the following railroads are
reported:
BURLINGTON, CEDAR RAPIDS AND NORTHERN
1881. 1882 1888,
ES%R;$ 9 & as3Si t
CHICAGO. MILWAUKEE AND ST. PAUL.
F FGss ss:2 ss,:nsi ,sz5 ..s sis
CHICAGO AND NORTHWESTERN.
F f9 SFe q miss ss653 s55o0 s57SS
Jau. to Nov Z. . .. lSl60696 2059j,76l 2lSs9,5O6
CHICAGO, ST. PAUL, MINSEAPoLIs AND OMAHA.
fret week No7emOer... $s5358 $539999 s47s.999
MILWAUKEE,, LAKE SHORE AND WESTERN
C. S6T s8 8SS 5sJS S53SG
LONG ISLAND.
First s5S$ S2] efss.45 Inc Inc a32 9ss
DENVER AND RIO GRANDE.
f989ss Rs' ga a. .gy5
LAKE ERIE AND WESTERN.
gsGgn yss Sex g oo ss5;s 4sl5 s5Ss
Comparative statement of the business OF the
New-York, Lake Erie and Western Railroad Com
pany, including earnings and expenses of leased
lines in 1888:
August 1882. 1883. 10000.
&SSs Ss55s4 sfss5f Inc Inc ' sjl5
NetoarnIng....... s748,O76 s1l0oO65 Inc. $55i,988
Oct to Aug So g ls3S2 s26 SsiY Inc sOoss52
working expenses 12,Ol9.159 1386s,36O Inc ls49,7OO
II months seO7e4OO $e82O25l Inc. s24ss6e
Comparative statement of earnings and expense
of the Rome WateTtOwn and OgdenSbuTg Railroad
Company for September:
1898