New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-20
roa, 81 co So 1879 500 So SIG $50 Inc s177 o24
NETWORK. ONTARIO AND WESTERN.

The preliminary report of the New-York. On
tario and Western Railway Company for the hscal
year ended June 80 gives gross earninSs :. 'noo'-
1855; operating expenses ana taNes Si,oS3''oDi
rentals-S223, 315, leaving surplus Tor the year
of $146,442. r,o
For the first quarter-July to September 80
which includes the operation OF the new scranton
extension-the gross earnings were S7s03o4, eA-
penses and taxes 1886, net income S244,ols,
charges-interest and rentalsTSl4 9e2s' leaving
surplus for the quarter OF Sa4,sS0.
THE WEEK AT THE STOCK EXCHANGE.
The reported sales of listed stocks at the Stock
Exchange last week were ,226,e2s shares, against
l407.5O4 shares for the preceding week, and OF
unlisted stocks 236,432 shares against l9l ,sO3
shares for the preceding week-total for last week
l463 go shares against $50, 800 shares for the
preceding week. Thus IL Is seen that In the vol
ume of business the general market last week was
less active than it was in the preceding week.
And yet it was in last week that the efforts for
depression in values were greater than at any
preceding period. Again the rumors had all Lon
don in condition of panic upon Anne rlcan securi-
ties while London quotations, as they always
have been and probably always will be, were the
simple followers of the prices made In the home
markets: again, financial troubles were threatened
il London and the Bank of England rate was TO
ne certainly advanced TO per cent, If not
10 q higher rate The Bank of England rate did
remain unchanged; the tendency of the open
money market during the whole week irrespective
of the prices for Americans steadily tended toward
case, and there were no failures OF prominent
firms as was predicted The efforts now made 10
explain why none of the things predicted occurred,
such as that the governors of the Bank Of Eng
land concluded that it would be injudlcious 10
advance its rate at this time, because IL would
increase the evils and aggravate the situation,
and that certain unnamed parties received assist
ance to bridge them over the impending dlfhcul-
ties, much fctions We're the original pre-
dictiops. But they also are as farclcal as fairy
tales
Special drives were made against special stocks,
particularly against Louisville and Nashville and
the so-called Willard properties. All this was
done for effect upon the general market to enable
the purchasing OF shorts in the general market.
1t probably resulted only in an increase in the
aggregate amount, Of the outstanding short
interest. St Paul another stock against
which special drive was made, and it's price
was forced down to SO. But unless some method
has been devised whereby party that is doing
all Of the selling, at the same time can accumulate
stocks, it is beyond question that the short
interest in st. Paul at the close yesterday. when
its price was 60 Is. was much greater than it
was a week ago, when its price was 60 IS. And
the Wizards. despite the earlier declines. closed
higher yesterday than a week ago-North American
per cent higher at 35 l-s. after having sold as
low as 81 1-S.
There is some significance in the special strength
which was exhibited by the Eastern Vanderbiits;
Lake Shore and Michigan Central each closed
per cent higher than a week ago. Big Four per
cent higher Chesapeak and Ohio common IS
per cent higher, the first preferred ia per cent
higher, ard the second preferred - per cent
depression to lO5 "a, closing at l0S 1-s. gives
a final gain Of l-s per cent.
As has been the case heretof re on every Iaiy
or no. they he professional bears or eminent
bankers, asserts that the short" interest has all
beer closed up Yet no one VIII dispute tnat ,he
lowest prices of last week were those operators
who are recognized as the professional leaders OF
tie :" b ar" speculation and ther board-room 10Y
lowing II is evident tHat there Is one
stock Mt least which the "shorts" have not
weed Tint ev dence is furnished ~ tnC ,, at
tack OF The New-iork Tim"s7 upon 5, V: "hie
because 81 his attempt TO protect hi ere u, IRON
irrespor eb,e assaults promulgated through tne
usual methods Of circulating rumOrs whlch b'gin
and end with "a" they sly. Such deienceS rom
governors and during the last four weeks they
have hal plenty q opp rtunities t. br re 70 lusuce
the men who formulate and give circulation %
have screened themselves behind their urSus
rertirg tools. 1t is not the duty OF the officers
Of the State TO take cognizance OF such crimes
until complaint thereof has been made to the
pr1fer q critics. The law officers OF the Stafe
are not detectives and the Judges Of our courts do
not issue warrants for arrest except upon con-.
have been responsible for all the false reports OF
the last four weeks fear that Mr.. Parker. the de-
PENDANT in the White case. NAV turn states
i;heIs The assault OF .The New-York Times"
gives color 70 such theort. l.
That the business in the Stock Exchange Is
o"nat,ons Of the country. The railroad earnings
eS lev are reported both gross and net. desnte
81. much-talked-sbout Generalization OF rates
az" y in the money paragraph already men:
.s"red. is beyond argument. Both the small
tSs..srs.. doing and the current prices for &c.
n0a.s.;os A. compared with any previous period
.,.Hsr i;,se conditions show that there u some
thing radically wrong in The methods Of sp.ssS,
ission. Whst that Trons y .c nsree.Ian ",
referred TO the Stock Exchange o0mm'''ee on
DI FnS1ovnr ia our usual table. giving &c nsm-