New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-14
CLOSING PRIOEs Or BJSrJy SFOORS
BosrDS Mag -, 1885,
WrpNrsnAr. NAV l3-r. NJ.


No new factors to-day presented for the con
alteration Of Spectators at the Stock Exchange and the
markets were unnnuencod by rumOrs OF good or bad I'M
port The meeting OF the officials OF the Western roads
10 ratfy aud seal the compact made last Saturday was
preannounced event. and at no time there doubt
that the agreement made would be signed-tho sigma
ture possessing In such cases
lidlty than the oral promisc-therefore the three
or four times repeated announcement that the
officials had met to complete the record OF the agreement
was without effect upon to-days market Tho business
amounted only 10 25 7 shares and the larger part Of
that done In the first two hours IL may DO said OF
the market that It weak during the earlier hours and
stronger both in tone aud figures in tho later aud dull
hours. As usual, few stocks monopoized large part
OF the whole business Delaware, Lackawanna and
Western recorded 81 900 shares at 1924 down to 1Olh
closed at 1O2i2 against 1899 yesterday Central and
Hudson opened weak and sold low as S22t, but It's
final price. S3A. shows decline OF only "a per cent.
after sales OF 81 500 shares Northwestern the first
hour showed some hrmness at 9100iI4, but by mid
day II sold at 934 but 1t too rallied to aa93as St.
Paul showed stronger temper in yielding only
6Sl2 aud closing mt G9h final gain Of % per cent Lake
Shore at the current figures shows considerable stub
bornness and in doing follows the almost universal
example that has been set by other stocks ever have
ruled above 100. About so seems to be a charmed
figure for stocks that have declined from
premiums above such the case with Denver
and Rio Grande, with Louisville and Nashville Northern
Pacific preferred and with others that might DO mem
toned. Union Pacific In the carly dealings rose from
SOFA TO 81 on transactions amounting only to 5000
shares the remainder ofthe "a shares that was done
was at 507sa49A 950A050is. We are asked by ono
correspondent Ct. A. M (" II 1t is true that the Union
Pacific Is earning at the rate OF per cent on its Stock
and by another u. A b. why II tho Union Pacific
stock is earning per cent 1t 10 not q good
investment at the present price" To the last
question the answer is easy: II the hypothesis
rect the stock certainly 10 purchase and we should
think there was little time left buy it at current ig
ures TO the first question the reply The statement
that the company Is earning at the rate OF per
annum Is being constantly printed and reprinted but
upon what authority we do not know. All know Is
derived the cOmpany's official statements, which
for this year have been published to March 3lhrst
quarter OF the companys fiscal year. Those official hg
res show net earnings for the quarter Of 81 5Ss 224
The first charges Including United requraments
according TO the annual report for 1884 So 730
per quarter This, instead OF showing anything
Tor dividend shows deficit for the quarter Of over
$4,000 Manhattan Consolidated was feature OF
the day It's advance from o37s TO 950944 and Della
ware Hudson because OF It's oversod condition rose
tom 7707g 10 IS. The final changes generally are
small and the market closed noisy and unsettled