New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-25

The December statement Of the Pennsy lvan.a
Railroad Company completes It's fiscal year lts
net earnings from the lines east of Pitisburg and
Erie in last December were $40, 900 greater
than in December, 1-SS, and S2-0,0Oo greater
than in December, 1857. The profit over rentals
from the Western leased lines hsi month WAS
S34I .s3S against deficit of : 9,Jll in December,
lse.. and a profit Of Sll1,Al7. The total net
10 the Pennsylvania Railroad Company last month
was $3.50, 900 greater than in December. 1855,
and over $500 900 greater than in December
1881 For the year 1850 the gross earnings Of
the eastern lines reached the immense sum Of
SGI,5I444i. The nct-S2O, AZ 63g-was ~ 500
600 greater than in l-SS, and ~ 100000 greater
than in 1857. Adding the profits and dcductns
the deficits Of western lines, the net To the Penn
sylyania Railroad last year-S2l III 0 l3G-wns
nearly 81 800, 900 greater than in 1888 and
nearly 81, 100000 greater than in 1897. These
figures are the more surprising when i; is remcn-
bercd that the Johnstown food of last spring
cost the company over S2,o0o,OO0 The state
mcnt is printed in the usual place.
WHAT WAS DONE IL STOCKS.
The days stock market developed nothing new
in the speculative situation The natural ten
dcncy of prices is upward in response to the gen
cral condition; but this investment and
not speculative buying No opportunity which q
dull market affords To resist the inevitable move
mcnt of prices fails of being used by the bears,
who have not covered their contracts. and who,
except by the occurrence Of some Unforeseen ca
lamity cannot TccOup NJ anything like current
quotations. They to-day purchased Philadelphia
and Reading Stock and at an OppOrtune moment,
as they supposed, threw II back on the market 10
break it, II was a vhistling against a cyclone !
tbe stock was purchased at 80 1-2a39 "a and re-
sold at 80 l-sa39 IS, and yet the stock closed
10 80 bid-a final advance of Is per cent on
last evenings closing figures. This, irrespective
Of the present or prospective merits OF Philadc
phia and Reading stock, is only used an il
ustraton of the speculative condition of the mar
kct The people who have purchased be-
Levers IN its value, and the tables being turned,
are milking the shorts in it. The other coal
stocks were strong, with only a small amount Of
business done III them.
Among TIE Eastern trunk lines, Lake Shore
records "A fresh advance Of - per cent and Erig
paiucd 5-s AT - SIS The Northern Pachcs and
It's allied securities were strong all the way out.
Union Pacific and lis alliances did little more than
hold Their own in the final prices: but the deal
ings in chem were small, while there was "A tone
in them that bcspcak> discontinue for the bears
when they gain courage TO walk up to the cap
tain's office To settle
The Granger stocks were dull and
strong; the report Of the St PauFs
gross earnings for the third week in
January, showing gain OF - per cent, was
not n favorable return 10 the certainty that the
gcrtcmens agreement had come 10 naught. y
81. Paul closed mp Is per cent, burlington and
Oainoy up is. and Northwestern up 3-S Atch-
son Topeka and Santa Fc Railroad reported "A gain
for the second week in January in its gross earn
.ngs of nearly % per cent and that had some
effect the great Boston operator and occasioned