New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-18

middlng uplands The statistics of the movement OF
three years are rs follows:
RECEIPTS AT PORTS.
1898 lsss.'s4 Iss4.ss.
Since September bales 575Sssi 4,7a7Ss6 4esSsds
EXPORTS
s Gr sns e pssn en'f' ss5 sSs
The iron trade develops change either in the
is expectation that If the Pttsburg lockout occurs
as Is threatened. prices will Immediately advance
Against this theory, however supply OF Southern
iron arrived and to arrive that waits market The coal
tace IS drifting without definite purpos;e, or policy
aoe bounds by large shipments TO Western markets that
The developments at the Stock Exchange By the OPP
sratons and varied movements OF the last two weeks
have destroyed many preeIistng theories and broken
opinions OF spectators at large before regent occur
belief that Jay Gould is and has been the main and
principal support, the chief thinker and mover
IN Than nearly AL t n others dS %ho at es
have seemed to be chiefs were only lieutenants pos
power. The street may be wrong now, but such is its
general opinion and the logic Of events lends TO the the
Stock Exchange analysis If the newly accepted theory
be correct there indications that part or tho ned
to be abandoned ond concentration or the speculat
I've forces made upon two three stocks-Unlon Pa
olfc, Missouri Pacific and perhaps western
was Mr. Gould that so long sustained
Central and Hudson above 90 Lake Shore at 60662 aud
indications of a change in the programme aud concen
traion OF forces are found In the decline of 7Q9
per cent for Central and Hudson and Lake shore the
persistent weakness in Northwestern and an evident de-
sire weaken the load Of Delaware. Lackawanna and
Western And with Mr. GOuld's bold announcement,
which published to the world, that the Union Pacific
stock will rise 40 cent 1t Is unreasonable not 10 sup
pose the price will enjoy smart advance OF several per
cent irrespective OF s merits I'm connection with this
we wish to say that in a reply to correspondent
the other day, who had asked II the Union Pacific,
had been asserted earning per cent, simply
furnished the cOmpanys official statement OF its business
FOR the first three months OF the year. and added what
was the proportional first charge as furnished by the
for 1884 IL has been stated since that
the not fair because 1t gave the three
poorest months Of the year. The question was Is the
company earning per cent mot, What will IL dot We
cred 1t with tile latest official figures, without at
tempting to guess what IL may do in the future. How
ever it 10 true that two months OF the nrst
quarter in years past have been the poorest
months Of the years business That there may be
further agitation OF the subject and to give the fullest
Information possible, we append a comparison OF nye
years giving the net cummings las taken from page III
Of report for $3.50 OF the first quarters in the hrst
column the aggregate net ernings OF the other three
er for each full year IL shows that the average OF the
first quarter for the years lSS0lSSf was S2,O32,Oo5
that the quarterly for the whole year was
$3,21O29l. In doing this however, we make IN. DIS
that for the frat quarter OF 1884 the net earnings
were 81 1891 037 instead OF $1113507 as reported by
the cOmpanys comparative statement ten days ago. so
this years $256,2S7 and not Si74,627, as
appeared by the statement The following will put
every reader In possession of facts from which he can
make his own estimates for the future:
UNION PACIFIC.