New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-10
CLOSING PRICES OF CALICO iyIA STOCKS
SAN FRANCISCO. Dec Q. 1885.

THURSDAY. Dec. 9-P
The stock speculation today upon the whole ruled
strong. There was a good demand-moderate In its
dimensious-for good securities. And yet there
still exists feeling concerning the
outcome OF Of the recent eTratic
and wild speculations. Below print all that Ia yet
known OF the Richmond and Danves annual report for
year ended September 80 compared with that OF the
preceding year. There gain in the earnings due
entirely TO the reduction OF operating expenses, but
the other hand there Is an increase In
charges and other expenses amounting 10 Ss7343.
that the gain charges only $4,000 giving
n surplus for the last year OF S9S.s6O supposed tn lie
plicabe TO the payment OF dividend s5.0O0000 Of
capital stocks but that small amount Ia not ap
plcabe, because $4,000 interest the debentnre
bonds although charged in the statement remains IN
paid. And for a majority OF stock In
n company with such a showing the Richmond and
Point stockholders asked to pay over 200 by
subscribing S00O000 of preferred stock OF their own
company and receive bonus OF 80 cent In common
stock The operation will make the common stock TO
900 tbehind $1,000 900 OF preferred per
stooka for which all that ever Will have paid IN
to the Richmond Point treasury 81 .50oooo.
Today Richmond and West Point sold so 04s q 149
Therefore 1t matter OF surprise chat conservative
folks collapse The Reading speculation another
disturbing element There torques,ion that
recent movements in that purely speculative
and carried with eye the profits TO derived
from deal rather than In the interest OF proht
derived from the OF the reorganization scheme
and there little doubt that the movement has tempor
rily delayed the completion OF the scheme and
that unity OF action the part . Of all
the members of the reorganization committee and OF the
syndicate which Is necessity for But these
things have be we'll understood they alone
would have little effect upon the general Rich
mOnd Terminal and Reading both might suffer osi
breaks without disturbing the general speou-
lstion. We do not cay that either viii
because both sustained by large capital behind
them and the general interest In both each day grows
smaller. SO viii pass those speeuations by as having
reached the point where their ability for good evil Is
confined to select few. Some others seemed 90
at the conclusion. for
element OF distrust money panic,' has been
brought OF the promises OF the future
Now money market Is In just that condition where
any large capitalist like Mr. Gould Mr Sage. With his
banking connections, could II be chose to do
it. make the money market very uncom-
Portable for a day two: but aside
from the possibilities Of some such movements the no is
nothing the situation which expectations OF
any stringeucy than there Is aud nothing TO
deter woudbe in good securities FROM making
their purchases now The Government interest due jan
uary the per cents is payable ut per cent
bate The Interior demand Is on the de-
than supply the treasury absorItion and the foreign
exchanges are weak Tight money may come. but If it
does will be because who has failed TO read
times correctly resorts manipulation Ia enable him
20 get even with others who, more shrewd
and with less capital, carrying their 100 or
1000 shares OF stockr In rO-iay's market Reading
feature IL opened up 's per cent at 4s2 rose to
40 q and closed At 4s7s New York and New,Engiand
also special feature 1t opened up s ut 1914 and
quickly St. later ruled az about 65a65h. and
finally at 81 4d64$ The present dealings in this stock
he nothing than Misrepresentation. some
successfully milking the traders upon points about the
control VI the stock and the election OF directors The
less the news agencies publish about the result OF next
Tuesdays election they receive the information from
Wall Street brokers' the will their predic
tons be. AS compared with last evening the market
closed irregular but In general the figures were higher
with a feverfsh tone.
There was u transaction III Government bonds nc
the board and only small business done at the Of
OF the large dealers The quotations.. however
well sustained to-day's changes in the bids de
cline OF tho IS and advance OF = for the 2s
Annexed are the closing quotations.