New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-22

FRIDAY, Aug. 21-PM
The stock market to-day turned out about
onequarter less business than 1t did yesterday Its gen.
era features duness and feverishness Prices on
average fuctuaed about per cent and the closing
gives Of declines than it does OF advances. Tho
Omaha stocks special features in the days DEAL
ings and close with advancesthe common after 37s at
379 OF AZ per cent and the preferred after 90 at o. OF
4l2 per cent The story about them the effect
that consolidation OF tho company with
the Northwestern Company Is in cOntein-
platon, and that Northwestern stocks arc to
issued for the Omaha stocks at rate which
rumor.mOngers unable to learn. practical do.
NAL the office of the Northwestern Company in this
city had effect upon the speculation in the stocks.
The relation OF the two companies present is fol-
lows The Northwestern Company owns a majority Of
both tho common and preferred stocks Of the Omaha
Company, for which il paid SlO,3l5,6J9, and there"
fore the Northwestern Company has control d
the Omaha Line subject only 70 debts amounting to
some S2f,O0O,OO0. The Northwestern elects the
directors and appoints all the officers and agents
OF the Omaha from choice Thus II now fully
controls the property. does the bookkeeping and haR-
funds OF the Omaha II could do ii 1t owned
every OF tho stock. The dividends on the Omaha
preferred stock in the last few years have been per
cent per annum and nothing the common stock Int
to pay per the preferred stock drafts have
made upon the receipts from land sales Last year
required $lS0725 from these receipts To make mp this
dividend OF p.r cent on the preferrel stock In this
View IL seems as IL the denial Of t.c story By tho
New-York officers OF the N0rthwes tern should lave
some weight and also that the Northwestern Company
Itself not at present such financial prosperity 20
be looking for an opportunity 10 give something for
nothing Below we print official statement Of tho
for tho first and half months OF tho North
westerns fiscal years, beginning with June !, 1884 and
1885 Tho increase OF 1885 over 1884, when the AL.
ditional mileage is considered Ia less than nothing;
COMPARED with the increase in MILEAGE Is - miles,
ami the I'm gross earnings Si32 800 for the
and onehaf months; and IN the last two years the
pany has issued OOO 900 OF percent debcnture bonds
There may DO some point for Omaha common stock
in tho claim that receipts from Sales0f lands wrre not
earnings and that therefore sHCh amounts Of such receipts
have been used for payments OF DIVIDENDS on preferred
stock were a mIsappllcatOn OF capital that BELONGED
dividends the preferred stock II not earned not
payable or cumulative. Union Pacific to-day again Wa
uccdily strong and early from JOi to 52aS Tho
accompanying story about that company was that
Arrangement had been made. which to be announced
this afternoon. for the retirement OF the floating debt.
The afternoon passed without any such aNnOuucemeut
being made and tho prico Of the stock dropped 10
l1l-0 Il b. There are only three ways
arrange" tine compauy's floating debt: Either pay IL
from surplus earning, pay II from SAFES Of as.cf,
fund 10 into q permanent debt As the surplus earnings
DO not give promise of paying t fOr long time tho al
tentative rests the last methods neihc ot
ent. Will improve the cOmpanT's condition. Manhattan
consolidated stock another exceptional feature ana
with an nrusua amount OF reported tran a. tous tho
pTicc advanced from 96io 70 99i2n90 But all these
ceptiu combined did prevent the general
market closing weak ami unsettled.
There were ns Transact IN Government bonds at
the offices Of tie large dealers Annexed are the closing
quotations: