New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-20

A correspondent who evidently expects 10 elicit
big bear point, asks MS to print the net
earnings and charges Of the Chicago. Burlington
and Quincy Railroad for the last three months.
Here is the whole statement for three months.
including the gross earnings and operating en-
pcnses items not asked for compared with the
same time OF 1882
MAY to July 30 1859: $50
rA; Ss' n s:sssr charge. sas Hs a.
Balances ......... rii9s?' IA -:
II is a chestnut that the surplus for the last
three months is $4OO,0OO less than for the same
time of 1882 as also is it that the occasion Of
the decline is the extraordinary expenditures for
lettprmcnts. which increased the operating c\-
penses of the last three months nearly SH0o.o"o.
| against gain i'll gross earnings Of SlSo.J"". lhr
surplus Of the seven months OF this near cn''d
Jnly 81, which includes the three months STATE
npnt given above, was 81 .0?4.033, against SGl".-
81 for the same seven months OF 1881.
TIE STOCK MARKET.
With no increase in tine volume Of hnsinc>,
At the Stock Exchange tlrle was to-day st.,'iN
| and continuous hardening OF marker v;.lnrs. lhr
market broadens only slowly !.Ii the money
scare is a matter of the past, and cannot b" re-
bankers and indsidnal lenders who were fright
ened into adding 10 the Grmpralizaio by witt
dr,wal Of their funds. =" for s'li-profcction. are
now bemoalin2 their cowardlce. which prevented
them from accepting the opportunity oi ;hc yrIr
20 make good time loans,
The time for crop scarcs also has passed an
the tonnage Of the railways Is assured VITA
I he view of lost opportunities III their mind The
existing large short interest in stocks has moth
ing LEI. 10 cry out except the rate, AT which
business is beiny done And tha, problem Is
fast solving itself. II is n matter Of the pest.
like the other scarcs But at the rates oi tar
make n few cents Tor their stockholdcrs TIE
minimum OF rates for the present hls hccn reached
ond any change will h. for the better.
Probably wil,ir less than months iiur.
when stool, values will have advanced some loa
IL per cent, the Chicago reports Of the immense
prosperity Of the railroads will be as exaggerated
rates.
True the money which recently has been poured
out Of the Treasury was the "rnmulation from
collected taNe>-but not late accunula!onS-hn
il has been greater expansion Of moncr in CIR
culation than ever before was made in he same
length Of time. and is yet to I've supplemented bN
the payment for over 81, 100000 OF per rcn's
accepted on Wednesday not vet presented. and by
Mondays payment Of over S5,O0O,oOO for the
October in,rrcs; on the fea'''crcd per 'rn's
The appropriations and the cOutinued redemption
Of the l2 per cents with interest 10 maturity
will prevent anOler accumulation Of money IN In"
Treasury during the NEXT year And then ihcrr
is that $4,000. 900 and over n month coat inuon.
new creation of legal money by the monthly pur:
hc enough to move the crops and for n mild
" boom" in stocks if any one feels disposed aud
has the pluck TO attempt II against the pcS.nilSfs
who tor 50 long time have ruled the marking Of
market values. with a capital consisting princi-
pally Of scarccrows and misrepresentation.
Ii is sufficient to say Of O-dnys market that tS
gains were distributed al over the list and that
the special features were scarce. Chicago Gas
was conspicuous for 2 l-2 per cent advance TO
- ia. Big Fonr rose per cent to 20 Ia, and
Missouri Pacific was up per cent 20 20 3-4. BIT
the general list made final gains Of about "a per
cent. The good speculative purchases OF the
lsa. measured by their business and the extent
of their late declines ought to be Atchison To-
pcka and Santa Fe stock, Big Four, Chcsa peakc
and Ohio, Rock Island. Louisville and Nashville,
souri, Pacific looks promising but then Il is a
Gould stock, and therefore gamble. Sugar Re-
fncries came TO the front In tO-days market with
transactions Of 47,Ooo shares and an advance 10
so Ia That is another pure gamble. Tie mar
lct closed quiet and very strong.
THE BOND MARKETS.
Only g.. 900 ol Government bonds were sold
at the Stock Exchange; they were per cents at
- IL, against the Treasury figures Of 1926 "a on
are gradually yielding. The option 10 tho hold
en Of 4l:2 per cents to present them to the
Of maturity will expire Tomorrow Annexed are