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

Net lSCal'tndcr' on ~ o,oooo ,o,s,o,7 no. s,.a3
Actual s,.s.n, each H,r n
psss.., % s,. Fs 81, D Ds :aS5Ss
Net cash i2s t2l 79l o!s t4g7 .s2
The foreign cAcl'nnges were dull. with ii,.,c
barely steady at a shade lower rates for Doth
London and the Continent. Wc revise the quoMc,
lions for business follows: BankcrS bills. ~ ~
and 81 sj IA for long and short Sterling respect
lively: French francs at 1.22 l.? and $40 reich.
marks ut "a l-2 and o.; IL. and gnildcrs nj
80 "a and 40.
In London british consols declined l-l6 10
o. lilo for money and ia TO o. ~ for the nc
connt. The Bank Of England gained f?j.Ooo on
balance. In the outside market money was I, urn
at saS and H. per cent for discounts En mar
fish Standard American railway shares oITned
Irregular. but nft"rwnrd advanced hfcndily to the
close. AZ Paris French per cents rose TO 900;
"j?S francs TO the 6 sterling; c-..o
The new financial plan of the American Cotton
on Company is laid before the public today.
Tho task of providing the company with adequate
working capital has been undertaken by Winslow,
1anicr & Go. and J. Kennedy Tod 4 Co.. OF rms
city, vino now invite subscriptions to S.,t"O, INV
Of s per cent ten-yrar dcffntnrc bonds OF the
company. Subscriptions will be received BY those
firms and their representatives in London ana
Amsterdam from September IL to ld; inclusive.
In allottinr the bonds preference VIII oe given u
the Stockholders pro rata.
In connection with tho offering OF these ponds
complete statement OF IN" AFFAIRS OF Inr .o''t
pany is presented II shows what the prohts OF
tho industry have been from the time thai me
original organization was formed and fhr dis-
position that has been made Of them. II IS nc
know lodged that the enterprise Inns suffered from
its ipcrpton for want Of sufficient working cap
i,al, and il has had to borrow that capital every
season at an average cost OF about Saoo.oo" per
annnn. BY obtaining the amount required per.
nancntly the business Will not hc cons'nh ~, ~
Al, 81 Ian p,crk
tcrcst account bc increased above present iivureH.
1t may also DC noted that hereafter the interest
account will I've with tho stockholders. nc CON
p,ny now owes bills and open accounts SA.oIo.-
Ia. against which il holds cash and quick n'sr's
Of 81 .0a6.14a making the net foatng drh'
s:cia.s?s 1t Is proposed 70 Cny Oh ines" ," "",
the business upon ras ,asis This lmp" aI,uns
charge in the conduct Of TIC rompanys huslhSss
las induced nurlrr Of The lcadih. pe"p'r IN 'nr
cotton trade and several others u 'ars' n, Time
or these the following will 20 into Vie Board
Of direction: Edward u. Adams, John ~. lnman:
Emanuel Lehman George A:''n M En;rS"m. az" Of
Chicago. and Garrrt a. Hobart. Paterson. ~ u
Tic finances Of the company VIII hcTa'rr ~
managed ny special committee CONSISTING ot T..
Adams charmnn and Mr>srs. Lehman ana MOTIF
sun The interest which Mcssrs. Lehman. wilson
and Imam will take in the Affairs OF me couI-
pany will strengthen its position III the Hon'n'
while better results are expected rom ~" h,'', W.
fac;urinu tcpa rtmcnt In consequence OF me r.
oppcarancc OF Mr. Fairhank IN I'll" management.
'rhc practicn cotton seed oil men who have been
active In the transaction oi INC "isieSS wnn iio
main in the Board and will from this on De nn'c
tn rive their time and Affection "n'ircIS "a ~"
producing and manufacturing branches OF we
business Tie statements accompanying Ine e'"S
SION NJ rho bonds are unusually fnll Do1h Nd I"
thc character of the new security anu 'he c'"-
dition Of tn. property md It's ilnanccS
RAILROAD EARNINGS
In reading the comparative earnings OF raifoa ,,
for tho fourth week IN Angus. am ~" ,cd THAI IN"
week OF this year had two Sundays ana .hc mon ,
five Sundays. against one ana io"t 'oI 'A'' WIND
and months Of 1890 AMI 1883
ATcnrsoH. TOPEKA AND SANTA FE.
is ssa, 'c Sii: '' III?
Esr'A We; :s, in 3, Avg i, '1 s ms ,aasS5 -c@ss
ST LOrIs AND sAS FRANCISCO o..
S S:s;s e .;sss$ s5;
'' CHICAGO AND WESTERN MICHIGAN -,
$::s;' :: :: :,:$ : SIT:
F F:s;s : {; s; =. :s,
A. KANSAS cry. CLINTON AND srRlSGrrELD:
s ss:;'; 4. ;;:s ,s:;:
* KANSAS CRY. FORT SCOTT AND MEMPHIS
S:@$', {: 4; sss: ,ss;s;$
LOUISVILLE EVANSVILLE AND ST LOUIS
rs.', VIZ nrs : :ss : 1856: sccSs:
'''' ONO VALLEY. KENTUCKY.
f Ss"9;s v 9. " H. A". :@ s $
'c corrMpCs HOOKING VALLEY AND TOLEDO
S:ss;' q ;;:;; & 4; 4; :;.:;
CHEAT XoRTmknN (MoNrANA)
Ss% ,s $500 so, s4 1855 .ss RE
SAN ANTONIO AND AHASsAs PASS.
| s:$:'; : :; ,;: |
CuIrACO MILWAUKEE AND bT PAUL.
Month OF J'ly- ., mn, a.. q, ~ ,o- a. ,,o oo-
earning y! - '''o q, ,.,''Ct "
Operating "Nl"h-rn -' ''''' no '' -
w., ,,,,,ry. no. .,s7.o.7 sooa9iY 5000 rs
OHIO IIvEn.
Month of July iss3 i lss, I nne III %;
Operating exp "'"'.' -''' -, -
w., ,,,,us- ~, .e3 $4,000 Inc. 5000
sa" az , .a 81: ;s g; I I"s ' g ps:
OPERATING ciph'"' ''''--" " -
w., 10, vo,h, .is.7 700 sia, s7s Inc. s27. l7s
EUROPEAN FINANCIAL MARKETS.
London. September -Cou.o, o6 lilo for money and
ordinary. ei1 ST PAM common 72s M"Aic&i
III rate Of discount II" market for both short
Parh udyc,~ quot" prI cent r' "a y" ~ 81
The amount d bullion into The bank Of England
" Bar silver /. quoted at 64'sd per oune"
f,unor,ni