New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-05

fore the general market contributed less Those four
stocks were Lake shore. Oregon Transcontlnentai'
Union Pacific and Western Union. There was also
general improvement in values, bnt that all made 10
the first hour. The opening little Irregular nus
generally at better than nights closing guros After
here and there nomentary decline OF fractions. with
single legitimate purchasing order 10 tho amount
of 500 shares In the whole market prices sharpy nd
yanced and by o'clock the best prices OF the day were
recorded that point tho later fluctuations Of tho
day and tho market was classed IA weak
or strong as prices alternately reccdcd from or ep-
preached the IL O'Clock figures. The final prices gener-
ally show Tor the day OF from Is Tor Lake SHORE
10 q for Western Union. Oregon Railway ana NaVi9~
ton and Union Pacific noticeable for giving declines
OF 20 and 81 respectively. Why Oregon Rail-
way and Navigation shoud decline whom
Oregon Transcontincntai rises % per cent
ia n problem for experts Tho decline IN
Union Pacific Is insignificant when the disappointing re-
turns OF tho company Tor the month OF jane arc con-
sere and that 1t little shows the power or tho
urgent necessity of clique backing the spccnla-
tton IN IT, All the morning the stock sold for ac-
count OF Boston till 1t sold down to Az About that
time the report OF Junes business ws Published aud
the price rose AMI closed az 47a Below are printoi
the business June and for six months OF hros years
-lss3 1884 and 1885. Concerning tho earnings FOR
June. 1884, a word OF explanation Is necessary. On
ADJUST I5 1873 the earnings and operating expenses
for June, 1884, Published 80 AS TO leave
the net earnings for the month at $lol4s46; later
an explanation was given to the effect that Mr.. Adams
had discovered i5O000 OF items that should have
been charged of July and therefore the net earn
iIgs fuy June would appear as only SJ9bS46 instead Oh
81 Oi6,SiG as before reported. On page lol OF thc
comIanys annual report for 1884 the not earnings OF
June are set down at SG0l ll3 by Later and revised
edition OF page lo the earnings for June are se'
down Sol 1873 1t is with these latest figures that
the conpar sons are made sulJoinci statement
We believe there has correction made OF the i
urcs for 1883 which also appear in our statement
exactly they arc ON page Iol Oh rc-
mort OF 1894 The striking feature Of tho
rrport for June is the increase In operating cx
pcnses despite tho economies" praciiscd in tho
opcra;ion OF the road. The result OF tho last six
months business "a now given Is net earnings thai are
Si,lOs.GS7 insufficient to meet the SIX months mrs
charges male npon ,nc Dn1 oi t ,en r., issis
Chicago. Burlington AMI Quincy also comes IN Win
bad report for June. with an Increased mileage ana
S2IlI5i less tnan IN 1884 aud Tlsl.4 less than IN
1888; for the six months 1896 less than for 5r4 and
S22j.9O less than FOR 1881 Here ms with Union fa
cc The feature f. the increased cost OF operation aud
at time when NIL materials arc lower than
ever before These facts indicate an exhaustion OF
surplus and 0i the skinning capabilities OF
Tie nr,pcrties and suggest doubt OF the common
concerning railroads tbat report their opcrat
that OF expenses exceeds the loss In gros
earnings 81 Paul shows gross earnings for the month
delivered To- chicago in July 1855 POS il2 bushels OF
grain against l.i3l OS5 bushels IN july ISL But -
constantly asserted that tie =. Pau Is reducing hs
operating expenses An Official statement OF the opcf-
atnx expense June 30 for ak mouths would 30 Tar
toward solving the doubt. The hrst charges however,
arc steadily Increasing nearly all the railways anI
Larger uef earnings are required them la 1855
than necessary Ia 1854 The mar-et closed dnil
and not strong. - -, 49, -,
2s up aad for tho s. down d por csnt Annexed arc
the closing quotations: