New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-19
CLOSING PRICES OF CALIFORNIA sToCAs.
SAN FRANCISCO Jan. Is. 1883.
Yesterday. To-day
GOLD, SILVER, COPPER AND LEAD.
WEDNESDAY, Jan. 1S-P.


Wells Fargo & Co, in its annual report Of the
products Of gold, silver, copper and lead from
United States mines west of the Missouri River
gives that of 6S7 fol gold at s32, 000 silver
at $50, 1913, 5s4 copper at SlO,362, 726; lead at
50, 631, O73; total s10332I77O. In 1870 the
product Of gold was s33, $50, 900; the highest pro-
duct in any one year since 1870 was S44 $50, 223
in S77 and the lowest was S25, 1867 III 1884
The product Of silver in Is 20 was sl7,32O, 600.
There was steady yearly increase till s45,Sf6 OF
was reached in 1871 then decline to S37O32, 827
in 1879; and the greatest product was so2l3o'eol
in $50. The product of copper has yearly IN
creased from $685. 900 in 1880 to sl0,362. TAG last
year and lead has shown a yearly increase, eX-
cept in 1873 and 1S79 from sl,0S0,000 in 1870
to so 63l, O73 last year The report says: " As
stated repeatedly, the facilities afforded for the
transportation of bullion, ores and base metals by
the extension Of railroads into mining districts in
crease the difficulty of verifying the reports OF the
products from several important localities espe-
caly is this the in the reports from Colorado
and Montana and the general tendcLcy IS TO eXag g
geration when the actual values are not obtalnaole
from authentic sources but the aggregate result
as shown we think may be relied on with reason
able confidence approximately correct"
Thirteen railroads now have reported their gross
earnings for the second week In January, giving
an aggregate of 81 .012,041 against S027676 Tor
the weeliof SS7-a gain Of s94 265, or per cent
despite delayed traffic cauS'd by the fearful
storms of last week in the West
IS against 76 3-S last evening, later up to 80 IL;
and in the final raid again down to rs, and closed
at rs l g. The raid was failure, and has added
to the line Of stocks which must be bought.
On the other hand. the Union Pacific ruled
strong all day, although closing Is lower than
last evening All the 0regons also were were, 1ota9ly
to o.. and closed at 90 l-2 TranscOntnental was
active at 22a22 "a, closing at % So. So higher
than yesterday; and Improvement rose from 52 Ia
=. IN, tlo INN af nnn
stock is due TO the good showing made In the
company's circular renewing the proposal of last
May for an issue of S2.O0OOO0 per cent pre-
ferred stock The results Of 6S7 are stated as
follows:
Net for the ooG
po,.no. ................. s7sO OoC
Div on preferred Jun ssued 10000
Would have left for common 20 per cent $3.50 0C
As the preferred stock was not taken by the
stockholders the net earnings of $500 600 has been
appropriated to the purposes for which the pre-
ferred stock was to have been issued. III inc
preferred stock now offered Is not taken IL VII
require the net earnings Of from eight totem month";
more to provide funds sufficient for all the neces
sary Improvements.
The general market closed steady.
ANOTHER DULL DAY IN THE MARKET.
This was one more dull day in the stock market
! with transactions amounting only to ll2,94'
! shares. The movements in prices, however, wer,
| unusually frregular-sOme stocks were strong anc
! others weak The whole market opened soft, but
there soon developed good and general buyinl
that stiffened the figures The " bears were no
| inactive despite their loud proclamations that tn
short interest is entirely eliminated from the mar
ket: they early sold Reading down TO 90, agalns'
So 10 last evening; It as quickly rallied e
! G5 81 and held steady AZ about 80 -2aOo Pc
till near the close It's dulress invited another
attack Just before the close, and desperate effor
was made to drive the figures below 90 it sold al
65 3 and closed at 90 A. There was an at
TEMPT to make capital out Of the fact that th'
total output of anthracite coal in the first TIVE
weeks Of this year l02, 200 tons greater thar
in the weeks of 1887, while Readings produce
was 10000 tons less ergo, that there is NJ
use for Reading, as the other companies are com
petent to supply all demands" Ten days ago w
wrote that the Reading strike furn shed no pretex
for an advance in the price Of coal: that this wa
the dull season with coal miners. when usual,
all the companies took the opportunity to d
necessary " dead work. and that the WORKING
companies by delaying the usual repairs, etc.
would be able fully TO meet the demand at eusren
figures That is exactly what has been done
st. Paul was another stock that both early an.
late was sharply attacked il early sold ~ 10 l-4i
STATE OF THE BOND MARKET
Government bonds were strong with bids 10
the As and lbs advanced 1-S per cent Annexed
are the closing quotations: