New-York tribune., 1893-09-28
CLOSING PRICES OF BOSTON STOCKS.
NEW.YORK CENTRAL,S QrARTER.

Inc usual quarterly dividend of ] Ia per cen,
was announced to-day by the NeW-loiK 'en"".
AnU Hudson River N.ilioad. u'he N'a'eh''"N
for the quarter, which will end on September
30 is subject to estimates for the present mo'''
but il shows an increase III DOM sIoss '""
net earnings and the estimated surplus, AFTER
the payment Of fixed charges and dlvIdtn nds' was
S2O2. 900, against $4,000 in the same quarter
a wear ago. The increase in gross earnings was
not large but there was sharp contraction III
working expenses, and the ratio to earnings was
reduced to 754 per cent from 69.6O i'll the same
ueriod a veaY ago In 1891 the ratio was 64.4l
and in the same quarter in 1890 il was 0s.el.
The earnings per mile have not srown' now
ever. and while they We're over S2,Oie u hlile
in 1891, they We're only Sl,G9" III 'le pieseii,
quarter this year The estimates arc aI""A, AtrI "a
the conservative side and probably 'lle ac'u"i
earnings will show "a different percentage
NEw.YoRK CENTRAL AND HUDSON RIVER
1891 1892 1893.
Sqa.eF Sis! omqi, enr,ne eep' eos5 os6 9sd Sd
5s,ss Is,s csca 81 ssssssi $4,000
En-, Ne' ,sc. 'iiS:sS ijSsS '4SSs $500
pSGrns' SGris '''. iii7sii lll7sil Ito.o
sn,o,u. to, ouane,.. POI si2o so. 600
WHAT WAS DONE IN STOCKS.
Tie stock market VAS "Niltni'N N".'' ,,,.,,,;u,
anparent stupor was not without ehcouI@'si,,a 80
frafIIres AZ the decline there was no p!essuIc
of stocks bit OH the contrary an oosuin'c 80,
sis+ance on the part of Zeal holder-, H"ite VI
Turopeon exchange were hrn, pu' my J, !, w
cred only about q half of the decline suhri.'
Yesterday and gold exports af" hot mn ~, @ .h,
,rant in CONSEQUENCE of the advance IL WIS "
Grst Iav of the fortnightly settlement at 'n'
Iondon Stock EXchan.". ana ~" lhos =" ,.
rinuatiou i'm American railway shares W,It 'oN'i
Than tIrc have been for long ti'n" iheN W.. W.
so low indeed that buying Tor 1Orelsh a.yotnu
must soon be Eroinineht ldcl"i ~ spJI, ,,"r.
in Ills market The easy rates IN London were
sunuIcmented by the premiums cAactrd h''e Vh
rho nrncipal stocks. This tendency VIII, -"
Lclnrd by the quarterly statement OF th' ->'N
\ork Central Railroad. which showed
large incrcaS" IN net e1IninE' ., Ire
changes werc generally arciihe', , ,cas
surc. but Tor many of them thrl' NdS
a phin excuse Phil1dephia and Reading was
active ana weak. becanse the July interest on me
general mort gage bonds must he pald on O"tOVi -
ar th company must the risk ol foreclosure
JIoldars Of thi- issue are evidently not ncIl"u W
prcss their advantage but III" declines III the s'41h
and uui0r securities were not unnatural ne
shnrn fall in Missouri Pacific stock, when, III
spite Of a final rally. lost PER cent was no, 'N
nlsiued except on tn" theory Ol beaflsn at'arhS
and perhaps the apparent weakness ol l-oulsNlH'
and Nashville and some OF the Granger stocks was
due 10 the same cause. The whole movement "l
,r;c.s ,cas extremely sluggiSl and the constant
cancellation Of Clearing liouS certh'"1"r hra, 1l,
and in Boston, was significant OF more cohhu'h,
feeling The dosing was not at lowest points ana
while il was dull, il was not weak
TIE DAY IN THE BOND MARKET.
There were no transactions in Government bonds
AT the Stock Exchange, but the market was
steady at unchanged quotations as ioiio"s: