New-York tribune., 1890-05-22
-,lcIxG pr1Cys oF PHILADELPHIA STOCKS.
SOME ITEMS
Wednesday. May 2l-p Il

Wednesday, May 2l-p IN.
The official statement OF the Lake Nhorc "n'
Uicrigan Southern Railway Company Tor 'h'
quarter" ended March 81. made 70 tho New
York State Commissioners, is printed below. Inc
quarter under review l. the lean one 'I Inc
wear But 10 Is an excellent exhibit lhe sur
,ln. oycr first charges il S6so.1l1, or l.J' per
cent on the stock, against Si96.4ej, Or per
cent on the stock for the same quarter ot l97''
Tic company's cash assets on March 81. 1890"
consisted Of S2.s4j.600 cash and Sl2ll. 200 un-
collected earnings. bills receivable, etc; '"'"I
$4,000. 800. against which tIcp, was the usual
unpaid expenses amounting 10 81 1900. lca'-
ing the cash surplus at S2,l72.7o
Fofty-slX railroads have reported Their gross
earnings for the SECOND week in May COMPARED
with the same week of 1s4J tho thrtv-nlne wlI'i,
have returned gains report an aggfey"tr ''
S3.j42, ,53J-a gam ui $i"4,'3f, or ! ) per ccH' -
and tie seven which have returned losses & nav ",
reported an aggregate Of So ,i'4-d JOSS o'
$2s 72s. or less than 10 per cent
4 MINED SPECULATION.
The Transactions in stocks AZ the Stock IN
change to-day rose - very respectable hetIcH
they aggregated jG3,0ii shares. Hu'' Of IIs'"u
stocks tie sales were i4O,JG3 shares, against
417,6Ol yesterday, while IN thr unlisted de-
partmcnt the figures were up 10 l22.ii shares,
against s7,66o shares yesterday. II was SUGAR
taat did II. The worshippers OF " mastery
Joy "a rch treat Inc reported TRANSACTIONS il
Sugar Rciincrics amounted 10 81 900 shares
From an opening at 90, there was irregular
but rapid movement up 10 %; then foll'W'"
slow decline down 10 about %, at which hSuic
there seemed 10 be stnadincss till after 80
O'Clock. Oh, IT was HasteIly manlpulaIloh
that in that last hali-hOur. with reported trans
actions IN u ,00O shares, made rapid run IN thc
figures down 10 80, and then with reported
transactions in 1900 shares. carried the hglrcs
bacI, 10 81 l-2a1O -. Thiry-seycn thousand
shares IN the last half-hour', Genius il genius.
but an excess Of II will "scalpr l.fc ont of a
market for good properties.
Whatever Oi mishhps that occurred IN the gen
cral market, If mild fluctuations after hIN
weeks advance may be called mIsiIaps. was dIc
to the brilliant manipulation Of sugar lWite
has sugar dcmoraIIed the general market II -
mot likely 10 DO 50 again, because, FIRST, all 'lf
conditions affecting values Of WcIl-knOwn prop
crtics have immensely improved; second be
cau4. the sentiment, or rather the reason ol
the hubble investor. Is better tfaiicd IN wall
- rect methods, and finally, bat not least, how
ever we have been assured by the organ tha'
all their manlpnatlons of sugar are only nh"e
Ia nrcycni "a " too tapid risn in the price, That
is consohng to this mornings purchasers at -
and %
all day by the prominence given 10 the dealings
in sugar. They caused hesitation on the one part,
fcycrishnoss on the part Of traders who were
long and encouraged additional sales for The
short account Witness the Transactions IN tie
last half hour-whcn sugar broke to 80. IheI"
,yo. a perfect avalanche of short" sales all Otcr
the list 50 that That interest undoubtedly was
arpcly expanded by the days operations
Atchison. Topeka and Santa Frs probable ne
ouisition Of the ST. Louis and San Francisco sy,-
TEN was not iayorably received in tb, market,
and its stock was weak all day. and finally yield
iug sharply that it shows y decline of 3
ucr cent When the full purpose and trms oi
ihc ACQUISITION are better understood, the clcc'
may bc different.
fbc Richmond and West Point Terminal oom-
many to-day authorized the issue Of about S1,to"'-
400 pcr cent collateral trust bond, and ah"nl
M "A a q Iis.sI
for thc purchased FIRST and sccond preferred st,cXS
~ tLc East Tennessee. Virginia and Georgia Lall-
road etc and treasury purposes. TO eacP hoiu'i
- record June 2 of ! 90 shares OF Richmond ana
West Point Terminal stock, blocks Of 200
bond and twenIv Shares Of stock are oilere' lol
a 2O0 cash The bonds selling at co. anu