New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-21
CLOSING PRICES OF BOSTON STOCKS
Boston. June 20, 1888.
RAILROAD EARNINGS IN ONE WEEK.

wednesday, June 2U.-p IN.
Thirty-four railroads now have reported their
gross earnings for the second week in June OF
the number twenty three companies which have
reported gains on the week of 1887 give an
aggregate of S1,795,O11 against s1,5s0,1 ia
gain of S214,S3S or g. 60 per cent The eleven
other companies which have reported losses give
an aggregate of Sl,130,153 against 81, 21S,5 07-a
loss of $685. or 1925 per cent
With volume of reported transactions in
stocks some 10000 shares smaller than that of
yesterday prices generally fully recovered all of
yesterdays and this mornings early declines. The
mill for grinding out bad and discOuraging news
~ was busy. It's first edition went to press at
about o'clock a. M, with funny story Of
dissensions in the Rock Island directory in which
pretended conversations between Western and
Eastern directors on the question of dividend
were related. The makeup of the story bad
and illogical but that might be pardoned if it
contained single word of truth. Concerning
the story, President r. r. Cable. Of the Rock
Island road, said: You may deny in the most
emphatic terms that there are any dissensiOns
in our Board, or that there has been any conflict
concerning the dividend. The Board will unani-
mousy recommend / 1-2 per cent, which will
be paid from the net earnings of the COMPANY"
Another story was from Chicago as follows:
wheat has advanced l cent this morning. In
Southwest there is reported to be too much rain,
and in Northwest crops suffering from lack Of
it,"
And for the fifth or sixth day it was officially
published that Mr. Cammack and his party"
had covered all their shorts" This is getting
to be very amusing in the Street" because Mr..
Cammack and his party are so III the habit OF
telling just how they stand in the market In
I ts and who are
market invent and secure the publication OF
fietions of fights in the board of directors Of what
the dividend on Rock Island shall be or if it shall
be anything.
To-day's market was yester-
days the sellers of Yesterday were to-day's buyers.
In the operations of both days, matched orders
played important part. But the point is that
when prices are easily sold off they more easily
recover. On the Rock Island fiction, the price Of
1O2 1-2 but it is doubtful if it hurt any one
except its inventors. They sold It down and
later were buyers on the sneak at GA LA
1O5 Ia. Northwestern was sold off per cent
to 104 1-8; it closed at los 3S. Lake Shore,
which yesterday was sold at SO So, to-day rose
to 80 7-s. St Paul early sold 3-S lower than
terday's best price bid. Philadelphia and Reading
early looked weak at 81 ga 1t later sold at
5sa5s 81 All these various rS fluctuations t TO-
people" to sell stocks indicate a disposition on
the part of that closed up" short interest
which bespeaks little confidence in the current
rumOrs The fact is the crop prospects have
immensely improved; the prices of wheat indi-
cate the expectation of full average yield, and
OF corn the prospects are 1aVOfaDe Tor the largest
crop ever raised The prices of stocks are 10a20
per cent lower than year ago. and they are kept
down. not by sellers of real certificates, but by the
circulation of reports which simply deter buyers.
The market closed strong.
THE DAY IN THE BOND MARKET.
The Treasury purchased sl,Os6,OOO bonds at
127 7-Sal28 for the As and at OF 1000 for
the les. The rejected offers included S401,500
As at 1873 IA, and s2,253.O00 I-2s at 107 IA,
and s438,450 at 1O7 1-2a1 0S. The local market
was dull with nominal quotations as follows: