New-York tribune., 1886-06-07

will secure two classes Of bonds to be known s"
B" bonds eaon bcar pg interest ~ 'ns n Fs snS o
itgatory charge hut tho interest on tho " bonns
payable only to tho extent Of thu earnings during e'
Souds. Th,s is the ouIy dincrenoe between the two
clssss Of bonds. the princpil OF both being ~
the interest which may scorus to tho Is" bonds an 10
provide against the possibity of lease de,rn W, NJ IN IN
the interest Of the buld< or OF Tue stock" .ots' "
Is part Of the asreelpent that "sringent slpu ..o,
shall be Incorporated IN the MORTGAGE TO sscertt -,
drnue -srnings which snail enttle thc hoide'su w
sores B' bonds " full iufor nation thrrool ny
mlttee Of their own selection to be chosen IN IN
o be provided for said mortgage" Iho mortks-T
alsO Will "eKprcssy stipui,te that no ieaso ."s' %
tne net amount Of which shall be five per cent
interest both tho "A aud 'B' bonds ana snon .r
OF dividend on the stock as majority Of tue stocknoia
ers shall determine Any breach of such covenant 80
have tho effect ~ breach OF any otnor covon
In the MORTGAGE It proposed that the cons"is sns
receive lieu Of surrender 100 per cent OF series
and 20 per oent OF series "B Nrw-Orrans hiVso". 90
kio Grande divi.ion 35 per of series "a anc 90
per cent of seres"B"; terminal bonds with scrip Z"
II the scheme goes through tnrrewh be be
S1s.s;ndns sl7losoo Of r., seris. A aaxato4g o%S
interest thereon is .O2o. an the conditional M
terost s895s95 There w,ll left IN the treasury 81
os2 100 OF series IN. stocknohier. required
to surrender three shares of Old stock for ono OF n
with the privilege 10 subscribe for another sie ~
share and with tho furhor privilege to suo'crioo
to for tne parSa..s oT % ns rs"rs mi
I.on OF the Beading @ prTo1y Pr"on, T Morgan
from Europe next week. Tho contamination oi @ .mesr
and schemes fail to DO beneficial IN every
respect To tho general financial tuation. -o-ooa
the stock speculation recorded sales OF lo5I I'oVs
shares 0r five days. AGAINST 19S3310 snares ior @ .n
preceding week. The market opened on Iursi s nos
Ing with great buoyancy, and prices MAJ ,nere
advances during tho whole day. On WeihesiSr ,iuo @
dav OWN, 10 realizing sales and general feeling that
the movement had been too rapid Ths Iuii
frures On Friday a new Improvement began AMI on
that evening the Market closed win vety CO., h"y
~. .frtk nf he "a
ever checked the uprovcm mt on the last DAY Va ' 10
the week and m2arted teverInno's h "a be M h"wsyer
the market shows some Improvement ior tno weoA
onan. common and preferred are rc.pecveiy A. ant
"a per cent higher All the coal tsocks. after seIln
ser early in the week. closed with losses from o per
cent for Reading to 2is per cent for Delaware, !ieK
and Western. Among the trunk iines oa'a =
utnern and Michigan Central are respectively ~ ana
34 per cent higher while Lake shore, Erie aud Centrai
Hudson are resp ctivey is 4 ani % per cen.
Louisville and Nashville after sriling AT 3ot docn
per And closed at 81 because of severe atlacA
maize upon II, accompanied by the story tntt tne pop
erty woud soon he III receivers hands. Union & Iao"o %
and Pacific Mail were strong all the way OUT al'hou
closing below their best hgdes Oregon Iran-cont,, u,
mental combined to attract attention perau," n ~, ~
the contest for control AZ tns hPproacninS
carrying It's price frcm 3O4 to 334 some ,novensns
III owprcrd stocks winch were Indicated were po-t'
come TO the front now that lhe disturbing cause is re-
moved Columbus. Hooking Valley anu T"led" IN nan,
apos B oOmlngton aud Western, and Minneap'ils All
ST. Louis were specially mentioned as having peen
marked out for "A new speculation .
The railroad earnings tuo "N'h' %, "p
below. IN the man satisfactory anu
generally marked an improving tendency New-1 rrn ,
and New England shows gain In ts net earnings ipI
the month April $33 $40 and for the seven .g.nth
ended pr 30 oI S267563, which makes them 'So
sum winch SsooOO greater than the sum reqhirru ~
nay all the x ID charges including dviien on the pre-
frred stock the OF per cent per annun Union
Pacific makes "a rrmarkabl" good snowing Tor the mon
of April giving $7527O9 net Increase over M"rrh
of Sl25 900. and over April 1888. of $99'ooo Cnrst'
praKe ami ONO also shows handsome gam over DO =
1855 and 1854 for month OF April, and also Tor the
four months ended April 80.
Snnlonrd usual table giving the highest lowest
and urc~s aud of sOli Tor the week.
together with the final prices OF week ago OF thirty
eight active or representative Stocks:
WEEKLY RANGE