New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-14
FRIDAY, Nov. 13-P. n.

FRIDAY Nov. l3-P. NJ
There is no change in the general temper of the specu
laton nj the stock Exchange, and today dealings only
d.yo.oped additional confidence and buoyaucy While
an rEc old fovorltes continued to mark higher values,
unusual attention was given to many Of the lower
priced and FOR the day 1t was that class which
shows the greatest Appreciation The news OF the Cal
weston fire for time had depressing influence
and prices because Of that, suffered short
but fharp decline The reader Of our general -t al TIE
head OF This column may easily mark the extent of that
influence By comparing The lowest figures OF the day
with those of the opening. although, before The news
VS. received there had been some additional appreca-
ton The scare II such il may be- called was OF short
DURATION and the recovery was ts rapid as h'd been
the decline Northw. stern, St Paul. Burlington and
Crucv Lake shore and Central and Hudson.
together with all the stocks that have continued 10 pay
dividends during the period OF depression, presented
their usual features and generally marked tc hGucal
prices OF the late buOyducy Perhaps under The general
conditions which ruling the present speculative ana
investment demand heretofore too little attention has
been ptid - properties that cassed non-dy-
idcnd payers. But it is evident that If the general
Improvement is genuine and has come 10 stay.
q. is generally believed, the stocks OF corporations
which have met their liabilities must partake OF the
general appreciation. For instance, tie Minneapolis
and St Louis Railway Company, which is part Of the
Chicago Rock Island system, has not deiauted upon
any OF its first charges in 1854, its net earnings were
something in excess Of its current Liabilities and
TO the Of August, 1850, rs gross earnings
show al increase OF above those for The same
period of lssl capital stock consists OF S5,7Gl
common shares aud S4,OO00JO preferred shares tAc
latter is entitled per cent before the common re-
ceves any dividends Hence it requires only additional
net earnings OF to make the preferred stock
per cent stock. Il this kind Of reasoning and logic
which is directing attention to low-Vrced sccuriuc~
and II is because the holders Of them
entertain the same views that the prices advance 50
rapidly upon comparatively small transactions Minue-
apols and IT preferred to-day recorded an adj
vance Of Gs per cent the common stock u per
cent Columbus, Hooking Valley and Toledo advanced
per cent Ohio and Mississippi 37s per cent, Ncw-Ioss
Chicago and ST. Louis preferred 81 per cent,
New-York and New-Lugand 2 per cent.
and nearly al Of the heretofore neg
gains on previous quotations. Michigan
Central was unusually active aud records an advance OF
"a DER cent II IS stated what 6hOut be- good au-
t.ofty that the Michigan Central has recently uego-
tiated sale lands which puts tho Land Commission
Crs u funds 10 upward of ana quarter million dol
ll- which arc applicable TO the a,ncnt OF the com
psuy's bonds. or general news there was %
ccartb, such there was only couhrmatory OF
good reports before published. The market a-alu
furnished unmI~taktble evidence Of growing public
interest closed strong at near the best hgnres "
the day.
tie bids the Is oil 3 per cent Annexed are the
Clp,iuy quotations: