New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-03
Is,12l,45O si5,172, O0C

Totals sl4s ,121 ,450 ei5,l72,OOO
During the last twelve months the Treasury
c3S,106.400 and IL per cents sS?,o6o,0 oO;
total principal Sl20,674, 450; premium PAD on
the per cents S6,52S,e9l and on the ~ per
cents S11,119,6 go; total premium Sl2O 6443O
and total premium 81 1,04S,5l4 A.: total paid Tor
bonds sl33 622 ,964. Hence the surplus balance
on June so, leS9, WAS 81 ,4o4,Ol!, against a
surplus balance June So 1883, of 81 o. 22O,463.
The Government has entered on new year. At
the discretion Of the Secretary as 10 Time, ne
must buy during the next twelve months
$40 900, 600 of Government bonds for the SINKING
Fund The last Administration placed the Irst
$40 Ooo, 600 purchased after July /, sos to that
account, and then exercised IT'S discreuon as 10
further purchases. The outlook seems to indicate
that the carly sellers to the Government during the
next twelve months will realiz' the best prices
WHAT WAS DONE IN STOCKS
The days stock speculation il the general
railway market was entirely under the c0ntTol
of the bears" The Western news could not DC
much worse than it was reported 10 be, ana II the
artificial situation which a few Western man
ayers are forcing is TO continue Indefinitely, mold
ers not only of stocks, but OF the first mortgage
bonds of most of the Western railways, have only
one of two courses before them-cther TO send
certain railway managers TO prison by express
trains or get out oil Their sec1rues anu Ie1 sqie
one else do for the public good what they decline
10 do for their own protection. we may as well
make up our minds 70 q general ruin OF all western
railways, TO their final abandonment, as TO at
tcmpt 10 palliate the daily wrongs 10 which
owners are now submitting. The commercial ana
mercantile situation does not warrant the con
dition which exists among the railways at the
West 1t arises partly from personal animostles,
and more from an interest in the stock market.
According to the paid mOuthpleces OF these specu-
lative manag GERS the last twelve months has been
bad year. and yet the GoveInmenG report SHOWS
over those paid in the preceding year OF nearly
Sc 900 600 to the customs and nearly S,,oOOVVO
TO the internal revenue PRESIDENT IiafrlS, OF inc
Chicago. Burlington and Northcrn-a clerk Of the
managers of the Chicago, Burlington and Quincy
is reported as having said that his company must
have through business between chicago ana 81
Paul at any cost because il had no local business,
men in the Chicago Burlington and Quincy Com
pany, who built the road did it for other pur-
AS AS the Chicago, Burlington and Quincy
is obliged to purchase each year $780,
600 Of The Chicago, Burlington and Northern
bonds il would seem to the dISlDtnrcSted observer
that Il would be for its interest that the Chicago
BURLINGTON and Northern did not do business
at rates which would put hen ahead Of IT'S
first m ortrages OF course sooner or later all the
difficulties will be tremendously adjusted and
the same author ties which now paint the situation
blue will use only carmine in illustrating the
ill some one is sent 70 State Prison, have only
one advice 70 all. Get ont of and let alone all
classes of Western railway securities Don't go
short that interest Is too large now. Refer
ence is made n our general list
In tie unlisted department Of tho Stock EX'
change the trust stocks generally were lower
Sugar opened steady az l23 IL ana quickly ue'
clined TO 100 1-2, recovered 10 % and closed Of
| l goal 20 Is. National Lead was active at from
| "a 3-S at the opening down TO 32n32 Is. Cotton
Oil was frmer at 81 l-la56 3-Sa55 10. Dstil
lers sold off from 40 il to A, and Cattle Trust
was steady between 70 and ] 8 l-2, closing as il
| opened. The dealings in the unlisted stocks
amounted to ss,0lj shares out of q total Of
| 279,44l shares: 50 tie decline in the genera
| list was accomplished on comparatively small
transactions except in AtchiS0n, and principally
| by short" sales. The market closed weak al
| bottom prices.
THE DAY IN THE BOND MARKET.
Government Is sold at rs 1-2, and the market
| uns encu at nnchn Il nd nnntnl innS as fnllnRS.