New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-05
CLOSING PRICES OF CALIFORNIA srOcE>.
san FIaaci.co. sept. !. 1890.
WHAT WAS DONE IN STOCKS.
Thursdov Senf A.

The annual report Of the Chicago, Burlington
and Quincy Railroad for the wear ended December
81, 1889, showed Q surplus otter the payment OF
4 per cent for dividends Of $G3i,l During tue
current year the company has Increased us quar-
terly dividends from 20 l IA per cent. The in
crease seems to have been warranted by Tie re-
suit Of tile company's business in the first seven
months Of the year. For the period the net earn
ings Of this year were $6,3G2.45J against :3.ssl,-
215 for the same time of 1884 gain Of $.4O,9o4
and the surplus after payment Of first charges
was 81 ,029, O}4. against SG1O5'8-a gain TO thr
dividend account Of Sal sass. equal to 0.o' per
cent the coulpany's capital stock-so that
after the payment Of = i2 per cent on the stock
for the first six months Of this year the situation
is Just about tho same it was last wear aiter
the payment OF per cent.
The Spectators in silver ccrtII'atcs arc yist
beginning " realize that the surplus silver Of
the world Is an unknown quantity, ana That
the United States Treasury is buying less than
tho amount Of the country's current production
since the speculation 'bctiIIvc aGtdre tm tn
passage of tie new Silver law, the certificates
on the market have increased about 100000
ounces and now amount TO 1911 200 ounces, al
though tho Treasury. under the new law. has par
chased $4,000 ounces. 1t Is the steady H.
cr~ss. Of certificates aguinst deposited bars. de'
spite the purchases OF the Treasury. that has
checked the speculation and led TO some liIu!da-
ton Hence silver certificates to-day declined To
81 II SIS, against 81 II August 10. Tie h"ldc!S
the one hand they have had the insured pur-
ohase Of 4,j00,O00 ounces per month by me
Treasury and a speculative sentiment ere created n,,d
more ounces at advancing prices. The Govern
ment and spectators have been competitors III
the market for control OF the supply Of surplus
silver. Neither has accomplished il, and 50. prob-
ably, as the Treasury has only 6sl 600 ounces TO
purchase between now and September ID, TO-
n,p purchases VET w made de Il" .xoe, GT hs
Of August 10 Put the buying is
to be Continuously 200. 900 ounces eaeh month
To-day's stock markct was a continuation o,
Yesterdays: dull aud easily Influenced by dash
was the special feature as il Wa late yesterday
afternoon. From an opening at 90 ~. il quickly
dashed down to IS "a. closing finally at 90 H.
q decline from last evening of IS per crnt
few figures with reference 10 III" company are
given above, which do not Justify decline such
rs the stock has suffered The lowest price the
stock sold at in $50 was 50 IS. and thet was
just after the publication a the report OF 1883,
shortest year$tOn0hG less han its first charges
Rock Island was comparatively quiet. and did roi
l as lo as Mi rse' ns am 'aH " nni",
is freely given that Illinois Central is the nest
stock the list for a'tarn. and to-day a little
stock was sold on options Of srer shy iimHs'
corn cor Which is declining doiIy. doe, moi
bear ont Inc ASSERTION. n crop OF even
! 800 0CU bushels with that left over from last
year. will furnish ii: he stuT the roads can carry
The hest authorities at the West--r" mean non
speculative railroad managcrs-assrIt that thcT
are crowded with more business than they. can
handle that the equipments. drspit, the late large
add ions are found unequal 10 the demand.
Bat the stock market IS dull, without proics
sional support, and. therefore, easily rnidrd by
an adroit manipulation And the old position al
the leading spectators lenvrs them no altcrnaiv"
except that Of rcsor,ing 10 every device 10 dam
are prices An important failure. which was moi
announced until after business hours, probably
will be used tomorrow further to depress values
although il has no connection with the stock
ket or tho general conditions OF the country. 1t
proba bly has been caused by operations the
"bull" side Of products which have checked The
exports Among the particularly strong stocks
Of the day AtchisOn was conspicuous. 3n. of
total of l109G4 shares in tn" general list, Rrr-
lington md Quincy and Rock Island stocEs gave
$4,000 shares The general market closed STEADY
| at figures
THE DAY IN THE BOND MARKET
There were no transactions in Government bonds
at the Stock Exchange. Some disappointment is
expressed at the small offerings Of l:2 per cents
10 the Treasury under its second call for $?0.-
OO0 900 of l-2 per cents at par and interest TO
date Of maturity. But it will lie remembered
that for few days after the call Of August Il
thers was the same idea prevalent that the &C.,