New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-17

NORTHERN PACIFIC RAILROAD.
Thureday. Oct. l6-p.

Az the annual meeting of the stockholders OF the
Northern Pacific Railroad Company held to-day,
IL was first voted to elect directors Tor term OF
three wears. instead Of as heretofore, 1or one
wear Therefore the board elected to-day Will
.erve three years. The company's annual re-
mort for the year ended June 80. exclusive OF the
operations of the Wisconsin Central. shows gross
earnings OF 81? $1,000, operating expenses anu
taxes Sl3,463,14s. leaving the net earnings rom
operating at $9,l46,756. Adding other net re
ceipts 81 ,34l,l72, gives $l04s7,o2e as the total
net income for the year. Interest, rentals ETC.,
amounted to Ss,42s,O37. leaving surplus OF
$2,O59,r02, deducting from which 81 '4s5,4oo Ior
4 per cent dividend, paid on the preferred stock,
leaves q surplus of S5764ll, or over Clio per
cent additional to the amount that was paid out
for dividends
As to the accumulations due to the preferred
stockholders, the report says that to the amount
due June 80, 1889, ascertaihed to be $2.s444So,
or nearly z ga per cent, there was set aside the
amount of $3,347,000 consolidated per cent
bonds. BY the last years operations the add,
$576,4II, making total Of $5,4lo,ss+l.
The report il replete with valuable informa-
ton, but too voluminous to be here even
f finances Of the eS@pany to be in an easy and
satisfactory condition. The preferred stack was
reduced $ls9,254 during the last year by land
applicable to the retirement of preferred stock
amount to $319,s77 to retirement OF Mlssou missouri
Division bonds to $l34,46l for Pend Oreille
Division bonds to S2,42l ,45l, and for sinking
FUND first mortgages to $2,505.61l; total,
1851, 460.
FUNNY WORK WITHOUT RESULTS.
The Bank Of England should to-day have adj
vanced its rate for discount from per cent Ito to
perfectly comprehends the dangerous situation
Abroad and it's direful effects upon the Industries
of the United States under the new tarin law
has been asserting all the week that the rate
would he advanced. Evidently the connection
between the wise men OF Wall Street and the
governors of the Bank Of England is not as close
in the London Stock Exchange. Perhaps it would
be for the interest of the Bank of England 70 keep
q representative on this side Of the Atlantic Tas
Archaeological bankers. who reflect truly the
IDEAS of some wreckers at the New-York Stock
Exchange Every Indication that came from
came through artificial spectacles. has failed TO
give Suspicion that the bank rate
would be advanced to-day. And yet .,i !.
has See snr Ss:s15s THAT xh ~oad se solely
the purpose of making q stock market in wkich
more stock could be purchased than so,d at any
not that figure is ? per cent higher or per cent
lower than the current quotauons., ..r,,ir
Figures have had heavy decline, cer.ain
az sma Of hOd eg
that aYter ali this amid manipulatiOns the grand
manipulators and the allied bankers md IT as
hard to make any acc hahs1 eurss The grasp
OF iron is kept on the pulse Of the money Market 10
the intent Of making rates unnntnraliS hgh; nut
not if it be possible TO make Iaiis that
call loans now every morning should be opened
at 5e6 per cent, with the banks reserves
larger than usual at this season OF the year 70
Close every afternoon at per cent, clearly de-
velOps the hand of an interested mampuiatlon'
And there are firms Of bankers connected WIN
the schemes that abhor such practices and would
not accept more than per cent Oh such "ohe9
as they choose 10 loan
WHAT WAS DONE IN STOCKS.
To-day's stock market was much IKE that OF
vesterday. except that the midday raid was more
energetic than yesterday and temporary mrt
figures. st. Paul stock the centre Of at
traction to-day. After advance TO 90 Ia II
was severely attacked and by barefaced washing
closing IL per cent lower than last evening
1t now is som =. n H ~ bv banking firm
that was to reform its management. Inc price
of il on October II, 1888. was 65 3-4666 So To-
day $50 50 IA was its range: Inc push aSa'ns'
the Wizards to-day did not accomplish mucn ex-
cept that after on advance in the early Gay the
Anal prices showed little change. Louisville and
after an advance to IS IA, was sharply
Htchiscn' Topeks and Santa Fe stock was well
held and raid on Big FOurs stock resulted IN
leaving the final figure the same as 1t was last
its highest fgure-l4 49, The market generally
made fair recoveries from the last rad and closed
strong at the hgures
THE DAY N THE BOND MARKET.
The business in Government bond: included the
::s sv.. so s.s e 81 . : X: id: M
TIE currency 6 were Cd ! pr emit. Annexed
s are tie closing auotssions: