New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-09

Thursday. My N-p IN.
The annual report ~ the Michigan Central
Railroad Company for tic year ended December
80. 1859. possesses little interest. hccad-e the
final result OF the report shows difference Of
less than $4,000 from ihc estimated statement
printed in Tic Tribune December 90 $50. Tie
company IN 1899, after paying 20 the Canada
Southern its proportion Of net earnings over
fixed charges lad a balance remaining Of sl,olG.-
53l. and after TIE payment # Icr cent diVi-
dcnds for the year remaining surplus Of So
Eel from the years earnings
The balance sheet as Of December 81 1889.
shows cash and cash assets IF S'.s0l,foi, and
cash liabilities including accrued interest and
the dividends payable February !, 1870. Of
S2,5-5.403-a surplus Of $llo,1Ge. Tie sub
Joined table spcaks for rself
BUSINESS OF THREE YEARS
5f s',' , ssianS .' 5tia, 900 sis oes
Opening rAl"n.'f... '7tn.-W lv oeo'Oo "'''''
Ne, .srn,nss ... s,..soeu .aosleI5 s3ssl. ,05
fifst chaises- &55os@i 2.fd'oiO -"IS.'-'
Balance ........-- si5ssno sl.4.oss7 sio'e.e'o
r. a s.a o. cs'a. ' ls 'af1 20; 5 70
Total b.,are.... a.,ssmo U.2,ss'7 sLs7o.-'o
Michigan central not. ....... ........... so,l go
DtArf Income d"'i'
p,Ia.d le- ,.n' PAD .......-- o5''io
s.an. ..... 1881
The reports Of railway earnings for ne fourth
week 800 Apul. that have thus Tar trrn rccired.
400 pot ", universally favorable as those for the
third week. out 81 fpril-tNo companies which
have reported there actuaII, are four NhidI have
returned losses. Yet. considering tn rcpTts Of
terrific railway wars. which were 80 pic.ai"ni
Iuuue thc month Of Apul. tho showing thIs far
is rather encouraging g. holder, of sccnniirs
IIirt.oIght companies have returned agerg1tr
earnings oi SO l","oi-a gain on the vice. 81
1850 of S'"'4t' OF nearly u per cent AMI
four companies nave returned an Aggregate "l
ssCp.os3-a Jos, Of SJo.sl-. or - per cent.
Tie story eff to-days stock market - told 10y
our General List But perhaps q line or i"opi
explanation u.s. necessary for It's full compf'hc'.
sion %, our readers who are not frcqucntcrs
i,r,.cr,' offices Well. In the early dealings thcr
v.s some continuation Of rcnizaiiDns Tor prohls
Dos traders. bat the feature Was sales 10y he l'i'
tur " bears VINO. with a. still large outstanding
short interest. are attempting - masquerade Us
tlc leading bulls Ihcl said they were S'IrI.
OF long stock onl' for reaction. fpI
,l9f tncy yesterday sold i'nion Pacific If 81 -
sic reaction is 70 closing 10 night 81 g., Is
'rf.c, .old rig -Four and the Chcsap cnkc and oh"'
for \ reaction: today all thusr stocks we're dHI'
n.r,ti,cv lrtt alone. They sold Rock Islaid
,,rlr down 80 90 - but later were looking
r ol selcrs a., .. 'S They sold 51rl'"s xc,,
,sr. bbrrs Of - 90 III LIAM Delaware. lhcK@
wanna and Western was " good" sale al l4i -
t.t.r tLcy scrambled for ~ AZ IA -. hlc'g'
Gos Trust was unusually active and sold from
~ - mn 10 501js 10. The operation, IN is siOcN
a. In ohers. are little more than liqui'aiion 81
.,,tr..,s. the actual holders II tho stock think
~ ., fave q good thing in property tha' j.
c,,,,ing 3 per cent and paving 4 per cent. WIN
,r. enormous chances 81 the result OF carry lnS
'.t,r>. aas into Chicago. Sigar Trus, certiicaifS
,..,c a feature in the unlisted" department;
-, rose from 80 20 -. sold on 10 p" = ana
closed a, II 5-s The whole market closr1 strong
THE DAY ~ TIE BOND MARKETS.
ITO Treasury purchase SJ3 of per cent
bords M re- aud $1,000 IL per Genus al