New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-06
CLOSING PRICES OF BOSTON STOCKS
Boston, June s. 1883
INTERESTING RAILROAD FIGURES.

DO Is 1925. l5S lam sscs 81 Si'a
INTERESTING RAILROAD FIGURES
Tuesday, June 5--p. m.
Fourteen more railroads to-day reported tneir
gross earnings for the fourth week oil May niaN-
ing the total number thus far reported 'hir'S'
OF the total twenty companies, which return
gains on the week of 1887 give aggregate earn.
ings of 49, 24O, $751; against 81, 773,7S5-a gam OIL
s467O52. or 1888 per cent. Ten companies
which return losses give an aggregate OF sl,o%o'-
OG4 AGAINST 81 40O,O19-a loss Of s74,9oo, Oh
5.3e per cent The whole thirty give an aggregate
for the week Of this year of S3,565,9Ol, against
s317 3,sO4-a gain of 1892, 097 or 1888 per cent
The CHICAGO, Burlington and Quincy Company
issues its statement of gross earnings opeiauhs
expenses and net earnings for the moh1h Vi
April We trust that it is satisfactory 10 'he
stock and bond holders of the company. IL ID
an exhibit more remarkable than even us sUate-
ment for March, which included the period OF
the strike. The statement shows decrease IN
the gross earnings Of Slo4,O55 from those oil
April, 1887 its tonnage of grain, etc, was
larger. an increase in operating expenses Vi
1891 1896, and resulting decrease IN net , earn
bear authority stated: Now understand that
Burlington earnings for April fell OIL s1OooVV'
and are falling oil every week more
There has been before no lack OF evidence OF
close alliance between the management OF the
Chicago Burlington and Quincy Company ana inc
leading bears of Wall Street. Circumstantlal
though it be- this early knowledge that tIs Puri
ington and Quincy would, ten days later make u
statement showing that it was not earning lts III,
terest charges is additional evidence Oh sucn ah
alliance. The reported loss IN gross earnhSs n,%s
be accounted for by the companys hghtlhg
charges for freight: but with everything useu ny
railroads selling at lower prices IMAM one year "s
its increased charge to operating expenses VI
S26l 396-over 30 per cent-cannot be accOunCeu
for bv ANYTHING except q method OF bookkeeping
The company's net earnings for four months 10
they have been reported, amount ony 10 90 80,
1856 while its interest charges Tor IOuf onVho alo
over S1,jG0000.
GOOD OPENING PRICES.
The stock speculation opened this morning with
prices firm and the early outlook exceedingly prom
isng All prices were higher, not only on cover
ing of shorts but also or some OUTSIDE buying
far the long account But the official an
nounCemcnt at about noon that the syn aan
cate which recently took sglo So'4 tbo
Philadelphia and Reading As offered the
bonds to public subscription at 81 l-2 was wen
blanket on the whole speculation, and again gave
the bears the upper hand in the market market Inc
sequel Of the operation may be OF ulIefcng cn ,
acter but at fist blush, the opinion gained cur
rencV that the Reading Company had Deen sacrl-
feed by selling its As at 80 i-2 or lower. III never
occurred to any one that the syndcate unueT an
agreement might offer the As at cost, anu look 10
its S11 900 900 first preference os Tor us prom aC
The announcement dcmorazed the whole
market. Reading declined from 81 IA TO % La
so ga and the whole list IN proportion ing
bears" took on a new supply of courage ana SOFA
the whole list. Burlington and oulncys loss ssh i.
net earnings in April temporarily more than oiiset
the gains of O3 per cent by forty-six other cont
panias. As TO the Philadelphia and Reading loan
at 81 10, it probably will be subscribed t9r many
times over and it is improbable that the ailo-
mcnt will leave the bulk of it in the hands OF the
individual members of the syndicate Offering IT,
But for the the the g fce at aoS Pc
70 tbe few that were h0png for good from It's
bringing out.
Union Pacific easily rose to % Is but under Hbd
f flCS'a inheritance oS S5 - to the Union Pacc
Of its new Northern connections It's Oregon Ii'
ness is just beginning to develop. The Wizard
failure several years ago practically made an end
of the boom which had been on for some time IN
connection with the Northern Pacific and the
Oregon properties. Ever since that time all that
Northwestern country has been suffering from the
depression caused by t,at collapse so that whllc
Southern California and other parts or the country
have been having period of imitation through re-
vval of business, the business of that country has
been dropping, and at Il comparative standStIl.
The signs of the times now show that healthy
advance has begun all through the country reached
| by the Union Pacillc's Oregon Short Line And
| Oregon Railway and Navigation connections This
! boOmiu begun and begun in healthy and prom
Using way, seems 20 promise to continue i0i IA long
time The effect upon all the railroad properties OF
that section will be, OF course, very marked. a
( largely increased immigration ana ucEeIOpHeHJ III
various directions in that section OF the country Is
| indicated for two or three years TO come. Inc
Union Pacifics increased earnings as lately re-
! ported, come from the increase IN Pacific Coast
business and from the business OF the States ana
| Territories named, all Of which gives the Union
! Pacific Company long haul and at very profitable
| rates. The transactions in Oregon Short Line
| stock have been small, but during the last month
or two the price has advanced from about IA to 20.
1t seems to be certain that the stock is being pu-
| chased by people who are thoroughly informed as
to It's condition and have great falth IN It's future
| prospects Should the earnings Of the road MAIN
tain the rate of increase they have shown Tor the
| last eight or nine months, il will earn It's iiXeG
charges this year. The Short Line bonds when
! have sold as low as % during the laSt SIN months'
now are over lOS
ATTACKS on ALL TIE STOCKS
The washing OF st. Paul preferred at from
| 1O7 "a down to l 03 3-ia104 IL was continued
without any resistance, and the common stock sod
down to 64 5-Sa6l 3-4. This illustrates the enecv
! OF n bad name The stock of burlington and
| Quincy the management of which carries IN Old
good reputation closed at 5, only g. lower tEan
! last evening despite its report showing that tine
| COMPANY was not earning its fixed charges III -
curious TO listen to the different opinions expressed
| on tbc street. Erie and Union Pacific cook their
statements to make good showing ana Burning
ton and Quincy cooks its 20 make as pau an eNhlot
MS is Dossible All these things only SHOW that
Stockholders are careless III giving lhelr proxies
for the annual elections; they probably were never
less careless than whenat the recent election OF the
Burlington and Quincy Company, all the proxies
were civen to the old agement-the highly re-
| snectfnl Roston direction. Despite the Philadel-
phia and Reading loan, despite the Burlington
and Quincy statement and all the bear intu-
onces the market closed strong, although ut about
the lowest figures of the day.