New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-06-25
CLOSING rRI0gS OF PaiLA DgLPdIi sro0Gx
THURSDAY. Juno 2i-r. VI.

THURSDAY. Juno Cd. VI.
Tho Pennsylvania Railroad CompaDy's rcpor, OF i's
business for month Of May has been made with the
usual promptness II is q disappointing exhibit The
gain In net earnings OF tho Pennsyvania and New
Jersey lines May 1885, is Sll7.407, which, con-
scrpg the comparative rates received for freight ana
passengers Of the two periods very small particularly
when II noted that the net earnings for May 1882
were S2s4 l99 smaller than for the month OF 1854 bu.
what little good there that small gain is destroyed
by the deficiency the Western lines In meeting inc
amount OF rentals being $52,9o5 greater taau IN hay'
1855. Hence, while the net earnings OF the
whole system for May. 1856. show gain OF T64,49o
ms compared with May 1883 compared with May.
1854 they show a decrease OF S376.523 For tho five
months ended May 1885, the whole system gives the
Pennsy lvaria gain IN net earnings OF So2o49l over
the same period 1885 but loss OF 1882 OBJ from the
net Of the period Of 1854. The promptness ana
accuracy compared with the first annual reports with
which the Pennsylvania Company Is able to report the
results system OF extending from New York
and Philadelphia to Chicago and the Mississippi River
mouthby month within 20 and 20 days ohe end OF each
month. raises the question why Ia II that all the rail-
roads NcwYork. whose operations are confined within
tie OF the state. cannot do tue same thing
The railway commissioners allow SIX weeks from the END
~ each quarter for the fling of the required quarterly
reports but many OF filed till eight
weeks have elapsed.
Railway reports Of gross earnings generally show
Ing some gains But they such gains the IN
creased mileage calls for. aud less than we antioi-
pated. ST Paul. for the third week IN June, reports
S5o95l more the week OF Ss5. but 1t is only
81 600 more than for of 1884 when the miles
operated lGO less than AM only more
than tie week of Ss3 when the mileage was 400 miles
less than now In measuring the extent Of the Increased
cross earnings OF railways week by week 1t is
70 keep IN mind the additional mileage and the addition
Of about $50 per mile OF bonds issued, which are
first charge against the additional net earnings
The stock speculation this morning opened under a
cloud, of the authentic announcement that the
Lake shore Companys switchmen had struck because
Of the companys refusal to discharge eight men who
had been faithful for several As this is
not strike for higher pay for less hours OF labor put
involves principle vital TO every iniustry-whether
the business Of raroadiug. manufacturing, merchandise
ing OF agriculture shall be controlled ny the
Inc aciye interest OF every employer Of labor the
country Therefore the stock Exchange IN open
Ing with some lower values than last evening S
closing figures did overestmate the
possibilities Of the situation. immediately
following the opening, however, there was sharp ray
which IN some Instances carried figures up to yss!eI-
days best After that the market sagged ana with ln-
material hucuat ons continued To decline W. tne c,,'
Delaware, Lackawanna and Western remained excep-
uonay strong and closed only lower nan ge;1etoay
while Delaware and 1lndson declined from iooi2 10 W.
aud closed at 9-5s This fact clearly demonstrates
when II pretended that heavy sales We're mao any
that the purchases were made ny men o, EI TS,
about who the recent buyers of Western Union
were it dlssipated by the following , wniGa
"Chcsgo Board of Trade June pa 1920 a. m. 1t Is
reported here that the Western Union and the batmoe
and Ohio Telegraph companies have consolidated
There is not word OF truth foundation Tor
Than last evening The general declines of the day are
large to Ter eent-but That genersliy Is @
buyers at rapidly advancing figures are trying TO sell
having srangled the prospects which exs'eu loi
a good and Legitimate market
Government bonds were more than usually active
with freer bids for the 4s and 44s were
advanced i per for the So sales and bias were
easier Annexed are the closing quotations: