New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-15
CLOSING PRICES Or BOSTON STOCKS.
po.,., f.,u.rv 4 1900.
PHILADELPHIA AND READING.

Tuesday, Jan. li-p m.
In the absence Of the Philadelphia and Read
ines complete annual report We compare the
statement, as made 10 the annual meeting ycser-
day. with that Of ono year ago, made mp in Tic
same form. II is a. follows:
RAILROAD COMPANY.
Year ended Nov, 80 1883 l--o. DiT'rcncrs.
f".s earning, s.oSll.337 so or $40 Do. --1- 'l
operating expenses u ioi 800 1880 'oj Inc .an 'u'
50. earning. . spoies3s ss1,o67o De, sI.aosoa-
coal AND IGoS COMPANY
Gross earnings SIS sc9 Cl3 sl1 50 900 Dee 81 cj ie
operating clp'nscs. L. s'5oJ l7"i' o,6 Dec 9--'-'
Profit .......... - $50 .sir7 $50 Dec si,e5oo
Dchcit.
ROTH COMPANIES.
Railroad net - s9ffof8' - 1000 De II :, : 30
Total ........ soo,7oss e1goe so De $685. 0
ch.rc. o. Railroad a. SO oi5 @oe7 -. Dc. 80 ,5-
Casrecs Of C. l. s8is72 is2d 80 D.:. He"
Total nc,-..-- S. eoass7 s77'ao.o De-. s'7o-
set ral,nce ..... s1in1oI se3ssio D-c.f1 215.2ji
Deficit. iFx,us,e o. sinking fund.
H. will lc seen that the expenses of the rail.
road last year were Sl.2Jo,7O7 greater thnn in
The preceding Year. notwithstanding that in the
preceding year there occurred the long strike.
In another part Of yesterdays statement for last
year an analysis" gives the net earnings of the
railroad 81 S-,1o0,o.2, and adds $769,39S for
profit from other sources; total $500
$40. instead of Ss,1i0G7O. as given IN
the general statement The Coal and Iron ac-
count il also made up: Interest, $59o,20J: sink
ing fund.- sad. 0sl: total, Sl,lit,2si, instead Of
SN2G.523. rs given in thc general statement.
The result of Tie analysis a surplus OF sos ,027
instead of $237, 10. I'm the report for 1855 the
sinking fund of 10 cent, per ton Of coal received
Was charged TO operating expenses We defer
further comment I'LL We have the full report
before rs
WHAT WAS DONE ~ STOCKS
The stock speculation Is still hampcred by the
muadlc over Philadelphia and Reading. and lis
report SO far as yet made public does not relieve
the situation. lis statements as put FORTH are
Inconsistent with the known conditions, and there
fore are a mal,c-wcignt against confidence IN
them To-day Atchson Topeka and Santa Fe
stock joined the procession of decentralization, ana
declined . per cent on the sales made, because
of The past, and not on present or future, pros
poets. I'm "A word, the dealings N stocks now, ~
Tar as speculation is concerned, are game of
solitaire The bears" are the only play ers
When the cards do not turn up right and they
seldom do, Il new shuttle is made, prices adj
vance, and the game Is repeated. Neither the
Nandcrbllts nor the " Morgan stocks receive any
less trash the list; they are purchased when
weak and not buled when strong. Us probable
result, they VIII all TALL into the hand, 81 q"
few, and be dealt III as little as the stock OF
Chemical Bank.
milwaukee,, Lake Shore and Western common
stock to-day Joins the ranks of per cent dividend
payers without the SLIGHTEST speculative effect.
hos. who have got II care nothing for rs market
price: hence no speculation ia IT, The company
brief annual statement shows $2gl.Gj surplus,
over per cent dividends on both common anG
prcferrcd stocks That Is good enough II keep.
If the present ! 100 members of the Stock IN
change could he dIsbandcd and their places he
filed by 100 dr.. goods drummcrS, accustomed -
tell their customers that That was just the article
sufficient 10 develop wonderful revolution in the
speculation at the Stock Exchange. But with
every one Of the members tied 10 an opinion.
or rather the want of an opinion, learned from the
tapc there is 30 hope for a resurrection OF spccu-
laiiop. Four or five men. largely short Of
stocks 10y their manipulation of prices on the
tape make and unualc the opinions Of both
situation is disgusting. and the governors and tie
members of the Stock Exchange are sOlcly lcspon-
sible for It's bcinI -.
Philadelphia and Reading with moderate bust
ness marks "a lnal decline of IS per cent Della
ware. I.ackawanna and Western decline of !
per cent. aud Delaware aud Hudson decline of
4 per cent. Central of Nrw-lcrsey more
than usually active at 124 3-4aT22al22 Ia.
Union Pacific till late was notably strong mp 10
~ ID, hut on the announcement that Chairman
Walker had decided that the traffic agreement Of
the Union Pacific and Chicago and Northwestern
companies is in violation of the Interstate agree
ment i'm the manner in which il deals with the
subjects of rates and divisions of through rates,