The Evening critic., 1884-05-05
WALL STREET GOSSIP.
Facts nnd Figures Presented to "Tho
Critics." Readers To-day.

CRITICS" Readers To-day.
NEW YORK, May g..
Negotiations for cancellation OF the lease OF
the oregon h California II. r, Co. and tho o. T.
Co. have beon abandoned for tho present Of
flcere Of the latter company declined to namo
the offer as to what they would give to BIO re-
leased from the obligation.
number Of first mortgage bondholders OF
New York, weet Shore 4 Buffalo have siguod
an agreement funding the next coupons. IL is
expected that the assent OF o majority will be
obtained within o few days. 1t is understood
that II the echome is successful some bond
Ing requirements of the company.
IL was reported last evening at tho Windsor
that william II. Travers had covered his
shorts IN Union Pacific, being satisfied with
his profits. Others OF the Twenty.third street
party continue very bearlsh on this property
and predict lower prices. with occasional
Bear points we're in circulation on N, w. com.
mon and Canada southern.
1t Is stated that recent holders OF Union
racine In Boston have been buyers Of Northern
Paclnc Stoke. Commission brokers report
email demands for the stock from Investors.
Commissioner Fink has given notice OF o
reduction Of 10 per cent. per 100 pounds of
to-day.
The people of the city of Santa Fe are build.
Ing railroad OF twenty-five miles to connect
their city with the Denver Il Rio Grande Rail-
road at Espanola, which will DO complete In
about elk weeks. This connection secures to
between Denver and Pueblo and Its entire sys-
TEN and Santa Fc & New Mexico, most Of which
has heretofore gone by other lines. II is estimat-
Grando Railroad 100000 the first year.
When General Manager Clarke OF the U.
Pacific returned TO Omaha, no was under posi-
tive Instructions to reduce the employees earn
ings from 10 to 10 per cent. Telling In this,
another plan Is being considered to make oil
the necessary reductions In working expenses.
The company's earnings still show q large de-
crease over 1888. Thus far this year the net
earnings have fallen or nearly S2,00o,O0o.
Boston parties ore still heavy sellers OF long
stock, as shown by the transfer books on Satur.
day.
Reports from Omaha say that tho U. Pacific
is virtually In the hands or strikers. All trains
are stopped, except the mail trains The gen.
the president.
The earnings Of tho Northern Pacific Rail-
road CO. for the fourth week OF April, 1884,
were $137, 400,and In April, 1883, $t74, 609,72,
an increase OF $500, 7012S.
Southwestern system for the fourth week OF
April, 1854, were as follows: Missouri Pacific,
$105, 321 81 increase, $15,503.30; Central
X. IT,, $130,279.6 81; decrease, S1,553.77; Iron
Mountain, $50, 1902; increase, 1920 loo;
T wabash, 1923, 33S 10 Increase, $27,77ls0;
81; Inter @. IT, N, $40, III 90 decrease, So.
O43O2. Tho decrease in Texas Pacific Is
caused by not operating the New Orleans Pa
There is not the slightest foundation for any
OF the stories that Mo. Pacific will DO saddled
with the obligations OF any other road.
All stories about W. Union stopping dlvi-
dends are without foundation. 1t Is possible
that during the war OF rates the dividend
may be reduced to @ per cent; but that VIII
be the only change. on per cent. basis,
the stock at 500 pays 10 per cont. on money
invested,
Tho annual report OF tho Burlington, Cedar
Rapids Northern has just appeared In PAM
phlet form, giving the record for the year end
Ing December 81, 1888. The gross earnings
are; In 1883, 81, 500, 555.37; In 1880, S2,S0O,-
6S2.l0; expenses, $1,96S,177; net earnings,