New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-09
Mry1ss srocKs
THE CHICAGO AND NORTHWESTERN.

frluay. Juue c-p H.
The correct annual report of the Chicago and
Northwestern Railway Company will not be issued
till some time in August The statement made at
Yesterdays meeting of stockholders made on
estimates for the last month May of the COM
pany's fiscal year II it shall prove that the
estimate for the month of May is proportionate
TO the early estimates of all the preceding months
of the last year. the actual figures of the annual
report will show better than the figures given
below We were misled by yesterdays Geographic
report of results The actual figures by the esti-
mate show net earnings for both classes OF stocks
Of only 0.s3 per cent. instead of 105 as we
made il up last evening surplus of 81 1885, 700
after the payment of dividends Of per cent on
the common and Z per cent the preferred stock.
But the amended result Is good enough in the face
of the Burlington and Quincy's fight for lasting
peace during eleven months Of the time covered
by the report. During the last three years the
company has paid Is per cent on its common
stock and 81 per cent on its preferred stock;
in the three years it has earned 34.51 per on
both classes of its stock and the amount of cash
which IL Is leaning in Wall Street nearly repre-
sents the difference between its three years
ings and the amount of dividends paid out
The company neither prints greenbaclIs nor coins
silver dollars The comparison OF three years
business-lasC years being partially estimated
is follows
THREE YEARS, BUSINESS go,
e 4sa' earnings gRnS9 May 500
and taxes 1889 220 15O7o,ssa 1G754,4s7
-
Net earnings -. slo42o874 81, 22997o s99l2,eis
Receipts from land s72,25O 759,204 407,SS4
Profits from transmits $1,000
SouIl lines 01i,OoO dOOo'E 1fZ'--O
Total income s1I sec 654 s12 7,117 $40 $50 100
CHARGES ......... 1854, 1863 5194,l9S $500 42S
Surplus stock s6.272, POI s7522,9l9 $3.50, 294
Pcr cent both
classes OF stock 1OOS H. S.o3
The days stock speculation was dull; total
transactions at the Stock Exchange only 96. 6Sl
shares. Immediately following the opening there
was an appearance of pressure to sell III was
said that London was large seller-look at the
total sales-and prices yielded some fractions, but
the fluctuations for the whole day hardly exceeded
ii per cent There an immense amount OF
hamncrng with insignificant results. capitalist
of some note very fairly described the situation
when he said: (the last names use are hctionS)
" The Reading syndicate made one grand mistake ;
il took in Barring Brothers, the DreXcls and the
Morgans and the Browns, but IL left out Jack -,
Charley - and Joe -, who now control the STOCK
exchanges Of the world" In the days operations
St Paul was the special point Of attack, and It
Ms eXceptional in closing lower than 1t opened.
jOregon Improvement rose IA per cent 10 -, on
la faith that the Smith management, when has
redeemed the property from what seemed nope
ilCss bankruptcy, Will be continued IN power at
1.-THE annual election On june lS The market
lclosed dull and finn.
THE DAY IN TIE BOND MARKET.
I Government bonds were quiet, with the nominal
louOta;lons made for "A guide to the Secretary OF
ithe Treasury unchanged as follows: