New-York tribune., 1890-06-26

THE VANDERBILT CENTRAL LINES.

The directors Of the Lake Shore and Michigan
southern. the Michigan Central and the Canada
Southern to-day and declared the regular semi
annual dividends ont of the earnings Of the slA
months 10 end June 30; the Lake Shore and tho
Michigan Central each per cent. and the Canada
Southern IA per cent, all payable August to
stock holders of record June 80. The companies
publish statements of the last six months The
month of June. Of course, being partly estimated,
which make favorable comparison with the same
six months, actual. Of lss9. The Lake Shore for
It's present six months returns net earnings for the
common stock Of 2.6j per cent. The subioncd
statements compare the estimates for this year
with the actual Of the same period in the TWO
preceding years:
LAKE SHORE AND MICHIGAN SOUTHERN.
SiN months ended June 30 l-ss lss:, 1880.
GIe,atiSg cApcnse,.... 5S8'2-. 59i52i o3io,-oo
fii,, c6arscs 50'3o7 1snc25 Losoooo
sprpp. o.. .-..-s sl,i7os9o slI7s$sso siSo9 =,
Estimated.
MICHIGAN CENTEAI-CANADA sOrTHLRN.
~ month, to June 30 81 ls oo 600 81 IDoo
Operating ,Alonsc-...... i,s2o,000 i4-f0OO i?0so'V
Net eaning......@i $4,000 5l1soeooo sl.s7a Geo Geo
r'.t chsFges............ 100000 L-e0OOo l---oVo
surplus .......~~..~.. 10000 $4,000 &e5s 900
Michigan ccn'ral'' pro- .,o, ooo .a,a 600 s,7aooo
IoSSioh I,Sp1 So''" pro- $4,000 10000 $4,000
Estimated.
The Michigan Ccntral's proportion of the net
income ot the last six months-Si72, ,c00-is SDi
236 in excess OF the requirements Of PEI cehi
dividend. The Canada S0uthcin's pTopoItioh "
the siA months income is - 800 below 'nc r.
4uircmcnts Of a ! Ii pei cent d'dcnd h'hcc 'h'
surplus income Of preceding years IS drawn upon
10 that extent, 80 that the remaining surplus oI
June 81, 1890. IS estimated AT So 40
TIE STOCK MARKET.
The speculation in stocks at tie Stock EAchahH'
st continues dul. butt is inicrcsllnS. l"-h"N
transactions in the regular market was c"\rIc'
by l22 $40 shares, 900 shares lres IMAM yrs'I
day-and in the unlisted department nN '"''''
shares. Or 5000 shMcs less indh A'A'tI"'N
Sugar today, despite the decision OF TIE '"A'
Of Appeals contributed more than - lcs' '' We
totai amount OF Transactions than II ana AtSn'
dav II seems that the dec SIOn decides hplhlh-
Lcvold what has always been known 10 every
one except the Trust attorneys mat all coiP"id.'
bodies in Ncw-l0rk Stale which had Eohc me-
the trust had Forfeited their charters. lhc prop
crty remains and must 90 10 thc o"nciS "%'n' %
liquidation and receivenhlp, he that uuS'U pr
vatc conpany-or individual STOCK holdiiita. -
Sugar KehnerieS certificates to-day solu 10 ~"
as and lower than they did on saturday, ana ti,S
closed only , per cent lower than yesterday WIZ"
the ful tcXt of the decision publlc property
We take no stock in the ruln0r thai thc c"hT'
decision was sold in Wall Street II, referring
to the North River Company. is exactly "hd'
every one witt common Knowed2c OF 'W
knew il must be- The company had forfeited
It's charter, but not its property. IN
The general stock market was extremely avn,
Luf il was remarkable strong The special
features Of the day were Atchison, lopcha ana
santa Fc and Phladcbhia and Reading s,ochs
With only moderate Transactions they established
advances Of | l-S per cent ana - per crI'
rospcctivey The remainder OF the general mar
kcf was apprcciatvc with small TRANSACTIONS
And this is without any serious effort on Inc P'Il
OF last weeks sellers to rccOup thcir shpIt
sales II is not a happy market for last week
sellers. With supreme dulncss and an cntlI"
apparent absence Of speculative support inc prites
harden as if by an automatic process blit wnat
does Il IS the investing public sci agaLns, lhc
professional spcculator Active or dull, the buyers
in the market principally are bette than the
professional sellers So that that equipment lor
Mondays fray had already gone TO the gunsmlthS
for repairs. The market closed dull ana very
strong. ------..
TIE BOND MARKETS.
The Treasury purchased $4,000 A per cent
bonds at l2l and S26e $50 4 IL per cents M
IO3. There were no transactions IN "ovcrmmch'
nds and tie quotations were easier, as loiioWS