New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-07

DENVER AND RIO GRANDE RAILROAD.

Thursday, July 6-p. NJ
In view of the suspension of dividends by TINS
company. caused by the uncertainty about silver
mining the preliminary statement for the lls'al year
ended on June 80 posi- unusual interest. COM
pared with the TOO preceding years there has
been a handsome gain in both gross ana net
earnings. The percentage of operating expenses
has been reduced from 6226 in 1891 ana 1S i'll
1902 10 Soil. After payments of two quar-
terly dividends of per cent each, the surplus
is S953, OO4 against $9l4,00l last year, when no
dividends We're paid.
The following table shows the operations for
three years
BUSINESS OF THREE YEARS.
s:.; saa;s ':a' 50 *Ss s
sS s!E Sss s3s 9 sS Ss, S55
Surplus for year. se799s6 39l4oOi si,i2Geoo
Les Gi1ldonds........ 59l.-oo -. $4,000
Balance tn income sloO7a5 s9li,Ool so'sco'
Fer cent sar.. Of clSri1'ins COG IS cc7l
WHAT WAS DONE IN STOCKS.
Lower rates for morcy caused langnid rally
In tho stock mar kct 1t was h9'1WoItIiA, m ,ar,
eyer that while the losses suffered Yesterday wcrc
not fully recovered the movement was on Smaller
volume Of business. Atclllson ahoris eoopp
illustration On salcs Of $3.50 shares IL dcci' /,
| Is
| per cent on transactions amounting 70 niue or
g. 600 shares This rule aid not hold throuSho"t
tho list and strangely enough tho Granger shaf'9
rallied seemingly with thc greatest rclur'Al'c.
Northwestern recovered onW 3-s Per cent OF " 4On'
of over per cent YESTERDAY, but the phSlhIsS ~
Il was not much smaller. Philadelphia ana Kcad-
inc was relatively active, and IL advanced PCT
cent 10 -. and yielding slightly in th" final d"ai-
inqs. closed without signs OF weakness. Inc
authorization Of receivers ccrtlhca'cS ma
he the turning point IN me ana,Ts o' ,imo
for rho consideration of better plan OF
reorganization than that recently proposed.
avoids also the danger. nj ono 'in' llnlh''',
that the coal assets misht ne ha'Ili'r.u M
necessities of the company IL y c"TtalhlN Ul-
iil-olv that foreclosure Of the general mftga.
will DO undertaken or that auction sales Oh cp'l
will lie begun. Aside from ~" S'o5->S ni,m
toned the market was devoid oi hhPoi.an..
features Advances Of from 10 ! l.? per cen,
,rcIo record ID in Sugar Refining. Chicago US
and a few other special and lndustri"i Hl'h!'',
hut in those which influence IN" coufS' OF pr.
tho final rains were small fractions AHl'HG ~
snecialtcs Denver and RIO Grand" pre- iItl' ,',,
fprthnr / - por cent 10 s.. and rallied only
tbn traction 70 34l-2 National C'rdagc iriI
. | D pcr cent 70 l-Sas II per cont IN tno
grownr belief that the plan OF rcorsahiHa''o"
would not be carried through. .....od m.
Tho dulncss of the market WAS lncr"'eci NJ
doubtcdIy by the Holiday in London, anu III, VII
case Of money hv the cancellation 81 HIn .
amount of Clearing House certificates. LIN
for money should fall 10 per crnt pfhM> w,'
retirc them. II can hardly br sS;lnrd' now
nvcr, that :he withdrawal Of - 10000 to-ud' =
significant of general movement
THE DAY IN THE BOND MARKET.
There were no transactions in tiovernincht
bonds ~ the Stock Exchange, but blaS Tor Dom
classes Of As were raised per cent Inc closihs
quotations were as follows