New-York tribune., 1884-02-21


The Canton, Aberdeen and Nashville and the
Yazoo and Mississippi Valley Railroads mentioned
in the balance sheets for 1888 are new properties,
recently constructed and in process of construction
No bonds have been issued upon either road and a
further outlay of $325,0O0 is necessary fully to
complete the road 4; when finished thoy will be the
unincumbered property of the Illinois Central
Railroad Company. The seeming large
reduction of "assets in New-YOrk" shown in the
comparative balance sheets is caused by a reduc-
tOn of from So, $40 600 to $641 900 (par value of
the stock of Chicago st. Louis and New Orleans
Railroad from 5,02S, 900 to $3.228,000 of the
bonds of that company; the cash and other assets"
of December 81, 1888 were $2,316,4S7 against
81 ,2S6,6S9 December 81, 1882 The two new lines
referred to expected to prove valuable feeder
to the main system when they shall
become operated to their full capacity Taking
the report all in all it cannot fail to be satisfac
tory to the stockholders as it fully estifes to the
superiority of the management of the property and
to the wisdom of extending the system south to
New-Orleans.
The Custom House returns Of the foreign move
ments of merchandise at this port for the last week
show results that compare favorably with the same
weeks of 1883 and 1892 in that the excesses of i'm
ports over exports $519,60t and $G99206
smaller respectively than for those weeks. For the
seven weeks OF this year the imports of merchan-
disc exceed the exports $40 AGO, ,644, which is
81 S35 72j greater than the excess Of 1888, and is
81 530 101 less than the excess for the period
of 1852. The resulting balances, after deducting
the specie movements, on the business of seven
weeks for three years, are shown in the subjOincd
table:
IMPORTS AND EXPORTS FROM JANUARY TO DATE.
MERCHANDISE.
'g 's3$:s3 1;33 i5s
Excess Of imports. $I995J745 sl40200I9 sI5,40j,cH
srECIE.
BsBS:: t52S s52Slg is5SS555 s5S5S3555 32s949
Excess Of exports, $6,57l9l3 sI,IOOlli sl.454.4aI
MERCHANDISE AND SPECIE.
Excess Of imports. s13l2l533 si2529775 sl4.03,213
The stock speculation to-day was principally di-
rected to four special stocks, which together fur
nshed 1900 shares of the total business Of
33O1OO shares The business opened at figures
that practically were unchanged from last even
lngs final prices. The early dealings were sluggish
and the movements were heavy; prices declined
from la to Ia per cent After that Delaware,
Lackawanna aud Western. which had declined
from 129ls to 1884, began to advance and con-
tinued to do so until its price touched 1912. The
movement was made with no little excitement, and
there was a general covering of such shorts rs
were left outstanding; the closing price 1904
a 1903 after sales of $500 shares. Reading fol-
lowed after Delaware, Lackawanna and Western
and rose from 5G7s to 59lsGj0 with transactions
amounting to SO 700 shares. After that came st.
Paul which, till in the last hour had been dull at
92l2a 1l2G 927s, with sudden advance TO 93la;
il ended at OPS, after transactions amounting TO
Is. 500 shares. Union Pacific opened at S3os and
declined to S23s the stock commanded Is per cent
premium for use, and Its price recovered TO about
SO before noon; after that it rose to s3a4, and
closed at $685. s lower than last evening, after
sales of only 90, 200 shares. These various move
ments stimulated the whole market, and under
buying for short y accounts there was a general
advance in prices through the whole list
Lake shore, which early sold at 1O3@
1O25s rose to 103Os; 1t ended at
1881: and the whole list moved in the same |
manner. The sharp decline that occurred in the
last few minutes of business, however, left the
prices generally only small fractions better than
last evening, when they were disturbed by un-
founded rumors of commercial failures. Taken as
whole the days market was dull and featureless,
and it closed feyerish aud irregular.
Governments quiet, and prices were steady |
at unchanged quotations for business as follows: