New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-02
CLOSING PRICES OF BOSfOv srOOSS
Boston. Dec. l. 1886.
WEDNESDAY, Dec. 1-P. VI.

WEDNESDAY, Dec. 1-P
The stock speculation to-day feversh and irregular
The opening figures generally showed some improvement
on Yesterdays closing prices with Union Pacific stock
leading with an advance at the opening Of s per cent
and Reading q good second with gain OF y per cent
Reading after frequent fluctuations between and so
finally closed it opened and 100000 shares was the
number traded in. The Union Pacific speculation was
the feature the day and the from which
the general derived its tone The stock opened
up at 65 and till after o'clock uctuated
between 64a and 65S After that it steadily advanced
TO 6s without reaction of & per cent and closed at
GA making net gain of SO per cent with TRANSACTIONS
amounting 70 600 shares The alleged for the
activity and sharp advance is Washington dispatch
published in all the morning papers giving extracts from
the report the Government directors 10 the Interior
Department of the Union Pacifc's business for nine
months which seemed to show that the surplus
earnings OF the company for nine months,
ended September 80 were $21ss.927 against S475,ls2
for the period Of 1855. The movement Of the stock
yesterday till the break occurred clearly indicated that
extraordinary development was anticipated We
question that every figure published s In th"
directors report to the department but probably not
arranged in the publication. BY the statement the
earnings from the road were $4,000 less
for the nine months Of this year than
for the same period Of 1885: but the
receipts from other in the nine months OF this
yearncude items amounting to over 81 100000 such "a
prots on Investments and trustees Of Kansas Pacific
consolidated mortgage" which have no more rela
ton TO the business o. the last nine months than they
have 10 the business OF the last ten years and are in
sense earnings profits applicable TO the payment
OF dividends Debts created 10 obtain possession
of the investments and when the investments are sold the
whoesum realized is applicable 10 the reduction OF the
commands debt And as it is claimed that the company
now has no floating debt. such sums probably
have been applied to canceng It. The stock
movement, however. aided by the exist
ence of a respectable outstanding short" interest
as II has been fashionable among certain
class of operators during the last three months bull
speculation sell Union Pacific on its " merits while
bullng the general market The story Of settlement Of
the transcontnenal dispute again was circulated and
good advances for Central Pacific and Pacific Mail
color to the report and incidentally aided the Union
Pacific movement The whole market finally caught on
to the transcontnenta carriage and improved in tone
and prices The Ere's report the subject OF much
favorable comment and despite the feverishness OF the
situation the prices OF its securities held remarkably
steady all day. Lake shore exceptionally and indie
pendently strong.
Government bonds were duh and steady with the bids
for the advanced per cent Annexed the closing
quotations: