New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-29
CLOSING PRICES OF CALIFORNIA STOCKS.
San Francisco Nov. % 1890.
CLOSING pRICEs OF PHILADELPHIA STOCKS.
MICHIGAN SOUTHERN'S SHOWING.

friday, NOV. @S-p III.
The official report of the Lake Shore and
Michigan Southern Railway, made to the New
York State Commissioners for the quarter ended
September 80, reflects the effects of the quarrel
between the company and the Grand Trunk OF
Canada over the diferentials on an unimportant
part of the whole traffic. So the surplus for the
quarter after payment of first charges and divi-
dend on the guaranteed stock was S3lS,5O3 less
than for the same quarter of 1889. Yet tne bal
ance for the last quarter equal to LEA per cent
ON the common Stockton at the rate oil 6.56 pei
cent per annum. But the last two quarters OF
the year are always the best, 50 for the nine
months ended September 80, the net earnings OF
the company over charges, etc, were Sl,975,o34,
equal to 500 per cent of the common STOCK
The surplus for the last quarter OF 1889 was
S9l3,O11, or 1.S5 per cent AS the rates on tne
Eastern railroads have been recently advanced, IL
is reasonable To- expect that the current quarter
to end December 81, will make some gain on the
quarter of 1850 but if it is only equal to that
of 1889 the earnings for the year Will be o.
per cent, Of which 2 per cent was PAID Tor the
six months ended June 30. The company S
finances are III an easy condition, it carrying
cash balance of $2,63S,362.
THE DAY IN THE STOCK MARKET
The days stock market opened buoyant but
quickly, under realizing sales, declined LA IL
per cent Then began u steady upward movement,
Which continued till after o'clock. and carried
prices to higher figures than before have been
recorded since the late cruel war ended The
announcement of the failure of Is. X. Jamlson
q Co.. of Philadelphia, set the selling machinery
again in full operation. and prices lost about
half their early advances, before anything was
known about the hrms connecuons or Dr. oi ns
one held in high esteem, but no allowance was
made for case Of dry rot ana Tor investments
in unmarketable properties which at TINS Tune
are unacceptable as collateral. II was a failure
that generally was unexpected. and therefore sur.
prise 1t discouraged common traders for the long
and S OF had rsen ro
20 "a to rs IA fell back to ~ 34, but it closed
at 73 1-2; ST. Paul, which had risen from SO -
70 g 3d. f S1b Pacific 5S % which from s
to IS 5-s, fell back to SO IA, and closed at 81.
The changes in the general list were only pro-
portionate with the extent Of the early advances.
At the same time there was permitted to be made
a desperate drive at Delaware. Laokawanna and
Western stock; it opened at 1875 l-s. rose to
I36 rs, and at the depth Of the depression sold
at 1872 i-2, but it closed at 1873 ga
Chicago Gas again was depressed by rumors y
from Chicago. and early, despite the strength OF
the general market declined from 30 IA to 80 Ia,
and after fluctuations up to 81 ga, finally closed
at 81 49, There is no truth In the report of a
reduction in the price of gas. and there prob
ably is none in the rumor OF quarrel In the
directory, although there undoubtedly should be.
followed by a quick deliverance from the power
which probably has been the instigator Of all the
litigations in which the company has been in
NOiNcu
Silver certificates assumed new life under a re-
port that a new pool had been made up TO bull'
them. They closed on Wednesday at 104 IL,
opened this morning at los -2al 05 3-S and rose
to 1Os and finally closed at 0G 5-8 The Treas
ury next Monday will resume its purchase, which
for December must be 100000 ounces; but IL
is well to bear in mind that in the last month OF
October the imports of silver exceeded the exports
by $2,014,927, against an excess of exports in
October, 1889, of 81 ,4s2,s 05, difference $4,497,
732, and that for the four months ended October
81 the imports exceeded the exports by $36S, 924
against an excess Of $7,268,S25 exports for the
four months of 1889. Evidently the speculation
In silver in New-York is making price at which
the United States is an importer instead of an
porter of one of its own products Under these
circumstances will not the Secretary of rhc Treas
ury be warranted in accepting the London quota
ton rather than that Of the NewYork Stock Ex
change as basis for the prices which he pays?
The general market closed firm at the rccoveries
WHAT WAS DONE IN BONDS.
Government bonds were neglected, with the
quotations held firm as follows: