New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-07
WEDNESDAY. Oct 6-P. NJ.


The official reports of railway earnings for the last
week in September, which have been printed IN lhh
Tn,BuxE and arc about finished with this issue, gener
ally have shown satisfactory gains on last year. ba'i'
IL not till some extraordinary movement IN astocK oc
ours that Reader realizes the Importance
OF a weekly gain OF $1,000 or $4,000 to small road
wear ago we directed attention TO the steadily Lcreas-
ing earnings OF the ST. Paul and Duluth Toa gain OF
$4,000 or 81 900 per week looked small and nsisuih
cant yet was Is per cent, and when the
price stock moved because oil those earnings
from 80 10 GO their Importance was appreciated
In Nortn western ST. Paul II would lave been gain
ef 500 600 81 90 900 per week To-days returns OF
PEORIA Decatur and Evansville for the last week give
gain OF So 600 on the week Of 1885 and of $500 on
the week Of 1884 Tho figures are small, but the per
eentage Is over IL and 43 per cent respectively. FOR
the month September the gain is $1,000 or over Ia
per cent 1885, and $4,000 or over 81 per cent OIL
1854 This illustrates the Importance OF gains OF IN
signihcant" amounts to small railroads MANITOBA
shows handsome gains for September over both 1850
md ISL Buffalo Rochester and Pi;tsburg runs be-
hind The August statement Of the Chicago, Burlington
and Quincy is almost phenomiuel-a gain OF S42Hooo
In the net earnings over September 1888. aud OF
100000 over the month OF 1854
The stock speculation to-day was OF much the same
character was There were fevershness and
but strong undertone the whole fabric
New-York and New England and Western Union were
tho centres OF attraction AMI their movements were not
vtthout sone effect upon the general situation aud rs
both Of ruled for the better part OF the day
they we're drags on an otherwise buoyant market In
New-YorE and New-England there was a continuation
OF the liquidation in ths local speculation; all bat one
of the news agencies piled boar arsuments upon I'm
agnsion help break the price OF tho stock 1t opened
mn "A AL ca and with 1uctu ations fell TO 59.
followed by recovery above 81 nj which hsures tue
rrce looked hvo minutes before the close out
In that last minutes the price was forced down TO
sslo and after recovery GO II closed at 80 Aside
fran the merits OF this stock 1t is probable that the
short" interest created to-day has reached dangerous
pronortons As to and the question OF con
soliiation there probably will he further deveopm hts
before the close OF the week. Western Union sold OIL
from II to 77s rallied 90 IN, ani closed al a. The
persistent denial OF sale or Inauguration OF tbe
connecting lines the cause OF the early weakness
but the good buying OF the stock with ssesot olooo
restored the price to evenings figures. We have
said we are entirely ignorant Of what is going on in tee
eraph matters TO make Western Union worth 10 per cent
rore than ~ wasa short time We believe the denias
of any merger OF Western Union with the Baltimore
and Ohio. and between the Commercial Cable anu the
United Gables. But Simply a. a suggesuoh-t ~ posi-
bic that some agreen may he IN process OF fOfnua
ZION whereby both land ant cable rates may be restored
10 a rrnuucrative basis The addition or Only cents
10 each and and OF 10 cents to each cable word
will arcregate large To the net revenues oil the
eompettng companies without proving hardship 10 the
commercial world. The general market wanted to be
stfoug at higher hgures II was irregular anl because
~ the uucertaiutes TO the movements OF the TWO
leading stocks closed with small changes from last
evening, and more of them declines than gains C.. C.,
g. and was exceptional In giving gain OF ~ per cent
Tue market closed feverish aud unsettled
Government bonds were dull but steady with arecov-
cry o. per the bids Tor the As. Annexed are
the closing quotations;