New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-11
CLOSING PRICES OF CALIFORNIA ST0CK&
SAN FRANCISCO, Dec. 10, So.
THURSDAY. Dec. l0-P. 81.


The report of the receiver of the NewYork and New
England Ralroa Of the cOmpany's business for year
ended September 80 1885, presents remarkable COM
parsOn with the reports Of preceding years. The net
earnings OF the last year were Sl,0Sl,367, against
S396276 for 1Sst-a gain of S6S5,OOl. The deficit
first charges only Sll3460. against S660.277
for the preceding year-a gain OF S555Sl7. The first
charges last year set down in the report AS
$l2O9Oi greater than for 1884, but the amount charged
against last year includes 50 900 for old interest 80
that the actual deficit tie year Only $69i6O II
il that the gain In net earnings for the whole year
is due entirely TO reduction In the operat-
ing expenses, which overcame loss OF SiS,95G
in the gross earnings by the sum OF SGSJ,O0l. But
the operation OF the company during the last three
mouths-July to September 30glYes different vcr-
report; for that three months the gain in net
earnings OF 033 made up by gain OF $llOo23
in the gros earnings and decrease Of SlOOOlO In the
operating expenses The following compares the bust
ness Of two years:
Gross ear nlaes 1851 500 ST. ss9!s pee $3.50
Operating cIpensos.... 2,04lC26 @-O7.5'o Dee 75ioi7
Net earning. sJs0,256 sIO.I 367 Inc sG85,oOi
somSos.........-.... Sl'S40 23.T" Dec. SO
rotalnet ......... si2sI93 ei,io4,4O Inc sg7e.7ls
Interest rentiis otc. 0j7.5Oj i.2l8aOO me 1-O,9ol
Deact ............ sGG92;7 sll3.4GO Dec. s55j.Sl7
The company begins its lew scal Yea by showing for
the month Of gain OF S333l IN earnings
nets gain of s5Oll6 in net earnings and makes them
Sljj726 which sum, after allowing for per cent dvi
dond 600 300 preferred stock gives to the credit
OF the stock O29 per cent for the month, or at
the rate OF t3 per cert per annum
tcvcrish tone developed in to'lays dealings at
the stock Exchange. This might well be tho natural
sequence OF recent occurrences and the temporary with
drawG OF the special support which, because OF those &C.
curreUces was gwen 10 yesterdays market Tho aver
ago speculative operator III railing fully to comprehend
the actual condition OF affairs and the true influences
which are controlling the markets. naturally becomes
nervous and worried at the first indication OF weakness
as measured from his point Of vewthe figures reported
upon the Geographic tape. But odays market suffered
persistent aud en*F5etlc SeIie OF soid
Kansas and Texas stock amounted 10 '3sUo shares ;
tho opening hgure-a3h was the same AZ
last evenings closing price, and under the heavy pres
snr, il declined u 3G recovered only y per cent at
the cosa Texas PC,nc With sales OF $4,000 shares lie
XXX 10" uni Pc i %cw-0rienns aud Pacific
about he PUT into receivers hands whether
lho" prove to he trne or not, u "a certain tha
the husiu.ss OF ;bg southwestern lines generally Is now
better than f. before. The declines IN these
'cculltc, dHd the accompanying tuhofS uSSl"ci WIN
the weakness IA Wr-trn Union were accepted uy some
Spectators rs slSut ,hht ME- Gould had become Gu
iatsd upon the " bear SIDE or tue mtEkcL II n 40
unlikely that tbs OPINION VIII prove to be Incorrect
bat whether II "a or - not mo cohHiIon'
Of tie properties named can nave only temporary ~
Glcrcc upon the general market There no question
that the Geographic comp MES nave not mace we sane
advances toward cOhcatlOn ot interests as uac INC
rcat railroad corporations OF tho country anu II II
tlAt iuC HiuNkoiN Oh tho b'o-
RAM conpanrs will not lcara wis ION from tho recent
,erieuce ~ others uuly learn lt by practical eN-
enCc at the expense OF their respective treasures
Nr,trclesr FOR The day the influences referred
TO controlled all the stock Exchange markets 10 the
Nrut OF fri.houug purchase r. and adding To The
number ~ SELLERS; hence decline from last eYcDinss
Nrurrs which VIII average more than per ceAt FOR tn
whole -t Is subject OF surprise; tHst the decline
all ia MA, no Er"dter l. rather an
indication OF uudrrtOnr. which probably ia the
near future Will dtNelup IutO co ahicnt buOyducy. 81
Hurrs however stock MAJ keJ Closed weak 40 close
To- me lowest prices Or ga" day.
Government ponlS were quiet blds lor co V'l
A.. were 4 lower. and for thu % \ hsner AnucAel
uIc tie clos ~ quotations: