New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-09
NE-,r EIRNINGc
Tolal los s. as s22 slo 5sa $50 So %

Total cos..S2O, l02 80. III? I'D $lo, 1i1So o2ao
All this is history, AMI history of an ancient
date at that. The stock market long time
ago discounted it, The reasons for all these
losses have been explained many times that
the repetit ion now Is not necdful. Sufhcicnf 10
say that it was not for lack of business: that
the Burlington and Quincy losses in net earn
ings due not only to its forcing an unnccc.-
sary and causeless reduction Of rates, but also
to extraordinary expenses on account Of the strike
of its engineers: that the Santa Fe suffered next
because Of its being the most direct competitor
of the Burlington and Quincy, and that the
othcIs, excepting st. Paul, suffered in gross earn
ingS because OF the low rates which were forced
upon them while increasing their expenditures
for betternents For the Chicago and North
western five months Of the period was included
in that ccmpany's last annual report. Ii also
Is 10 be noted that with all the
companies the month of Jurc-the last month Of
the period included in the statement was better
than the average Of the hole SiN months. Those
Of the companies which have reported for July
and August have made exhibits showing further
improvements. Relating TO the reported gross
earnings for the fourth week of September, IN
addition TO the effect Of the yellow iey cr scare,
the companies Of oil roads are affected by the
the fact that in the week Of this year there we're
Only eight working days, against nine DAY i9Sl
eight days, if the week had not included two
Sundays. its earnings for the fourth week Of
September would have shown an increase OF
81 26. 900. instead OF $4,000. and by the same
rule the Louisville and Nashville would have
shown an increase Of $4,000, instead OF loss OF
S3O,DUO.
ACTIVITY IN TIE STOCK MARKET.
The stock market opened fairly active and at
figures l-4a1-2 per cent higher than Saturday 5
closing prices. and some further advances We're
made in the first hour. Then followed dulncss
and an irregular depression. in which Lake Shore.
Philadelphia and Reading, Northwestern and ~.
Paul stocks were conspicuous. Those are the
stocks in which the greatest short interest cNlss,
and consequently where the battle between the
conflicting interests wages the icrccst OF the
other stocks the first prices made generally were
The lowest of the day. After o'clock the market
developed more confident tone, and Prices
gradually advanced TO the best figures OF the day
and closed only shade off from thcn ST Panl
after selling al 65 is 10 GO 5oaG6 IL: Lake
Shore after selling at l0l 3-S. rose to l02 Ia
1902 SO; Philadelphia and Reading. after selling
down TO 81 Ia. rose to So l2. and northwestern,
after selling down TO ll2 rs, closed AT Is "a.
The DAYS dealings developed nothing that has not
before been commented OH in this column. AS IN all
speculative markets. there arc fluctuations but the
general Improvement in all commercial! affairs ana
the large displacement OF invested capital by the
Jreaslrys purchases Of bonds are steadily ana
surely making themselves felt in the stock market
Like q summer shower, reactions III values ciear
the atmosphere, and sunshine as certainly follows.
THE DAY IN TIE BOND MARKET.
The Treasury purchased 50. $4,000 bonds as
follows: per cents, sl,570,500 at l2e, and
4l-2 per cents, s2,21l.700 Mt 10s l-Sal Os -
This is an advance Of Ia per cent for the IL
Der cents. The local market was dull at quota
fo11ox.c