New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-12
CLOSING PRICES or BOSTON STOCKS.
WESTERN UNION ANNUAL REPORT.
Wednesday. October lip. m.

Wednesday, October lip. m
Tho renort Of the Western Union Telegraph
Counanv for the fiscal year ended on June
% shows surplus earnings of s656266o, against
&c Ass O25 in the preceding year. Inc gross
earnins.; increased sl,272O 3S but the operating
expenses were larger by N,1H54' ana the
net profits showed gain OF only S'''io'' ine
rate of dividend the same out the III
orooso in the share capital last year required
larger payments. and the surplus from INC
vears operations was $l,93O,SiO. against "
~ 9s6 i'm the preceding year. and against 81
ga KS in 1891 when the result was aileCteu
bv the serious fire in the general ofiiceS III ,l
city The increase in expenses III lhe idSl
,nar Was due chiefly to the cost of handling
a larger number of messages ana 10 'le ~
traordinary demands in consequence VI ,nt
Chicago Exposition. Included IN the a. @
ware the fnal expenses for equipping the new
"nerating room at NewYork and for the SUP,
stitution Of dynamo machinery lou oneili, ~
batteries at other large onlces' hecr"ase If
revenue per message showed decrease aS in ~
4-10 cent while the average cost was M
creased by the same fraction !ne w." ~
ing stock of the company Is s'4'S-oVYVi -.
which SOS 100 is in the treasury, III 'iuui','''
TO the s51SOOOO of new stock not YET lssu e,,
The following table compares me pii' ,,i,
features of the business Tor the last INV
years:
FINANCIAL RESULTS.
s S' ;9a;a June 3 SO S2
ln, rGse- and sig fund 50 GSa @ 'SS.ss
n, 5 49, 80 ,acs e.; 's5sissS
Surplus for year. 1856 75s se,i5s $50 si9oos4o
ME- S. f D % and cable, !sss ;s s5 9sSs.G
Ss"s,1 g :ss 4 9. s g g. Is
S s;sse1 proa, 1906 Sd6s %1s5
Syslsss iS!, message s5ss &c &c
WHAT WAS DONE IN STOCKS.
The Stock market was feverishy Irregular
throughout the day, and at the cl9se ,,'i =,
lions were divided In the early dealings II
was inclined to be heavy. and, win Few , vN,
ceptions first prices were the best but on me
publication Of the st. Paul ana other rhI-
way earnings which We're much better IMAM
had bnen expected there was turn in the
speculative movement. Unhappily the I'M
movement was not sustained, ana the CLOSING
was like the opening. hestatiHg ana unrc' %
The Industrial stocks We're the most actlVe, ana
as a rule the strongest. Dstlling ana 'a'uI
Feeding was foremost in every IeSleCu, anu
after an advance Of about 3, retained -'s per
cont II was stated on the part Of the com
many that no effort in favor Of higher TAX
on spirits was being made. because any au-
vance would encourage the production OF Hi"'H-
shine" whiskey. There was nothing SAID now
ever about the effect of an IN
creased tax on the supply OF moon
shine reports and rumOrs about the company.
az the other Industrial stocks Sugar REFINING
was less active than il was yesterday ana It's
fluctuations were narrower, but II iecoiueu -"
final gain of y per cent ana oni'"eo ',,, r"i
Cordage gained from Il to 1l2 per cent The rape
recovery in two stocks which yesterday were con.
spicuous by their weakness was the prominent
Stature ~ the ira ling on smaller transactions
Louisville and Nashville rallied IA ana Ih".
Pacific IA per cent In both instance" las.
prices were nearly the best. The advance
we're attributed commonly to buying Tor me
short account. but they may have been que Il"
other causeg The Granger stocks were weak
and in spite of the excellent showing by 81
paul that stock finally lost small fraction
while Rock Island. and Chicago, burlington ana
Quincy closed per cent lower. The coal stocks
also suffered losses of X to per cent III"
trading remained local and professional
THE DAY IN THE BOND MARKET.
There vrere no transactions in Government
bonds at the stock Exchange but the market
was steady at unchanged quotations as io'-
lows: al, ,skcs
U. AZ. rser 'N'''' Ess c,: 1 1sSiISi "
continued az 2 : curc' iey2 i0; ~
rsi. lsSl ram li3 s s@res. IS s, liz 80.
Di.coi SIS ls9iiiI,a lI2
The business in state issues comprised sma,l
sales Of Alabama class b. at 1o2. and North
Carolina Is of 1919 at III OF city bank STOCKS
Mechanics sold (44) at l6l
The general bond market was somewhat more
active hut reported transac lions at par Nalu'
vere only SGs1 900 against S61S.OOO yesterday ne
movement Of prices was irregular but III the
main downward. The prlnclpdl exceptions "'i'
furnished by Missouri Kansas ana lcNaS So
onds which gained the fraction at Sis' ana py
West Shore As AtchisOn general rs were = per
cent lower at 72A. OF Philadelphia ana hcan-
ing issues first incomes declined y per cent l"
9oi{ and seconds after fluctuations OF per
cent closed with a loss Of u per cent AT 1874
while third incomes and general mof'easc ~
were neglected Wabash hrsts lost Is per cent
at 1O2ik Reference is made 10 our full report
Of bond sales. . On,
Money on call continued to rule AT :"
lower figure r.
The Clearing House statement was as lo-
lows. Exchanges $sl,4S5.199 balances. So952 .'5.
The Sub-Trcasury was debtor TO the Clearing
House slllt247. It's net loss on balance was
s250 976 made up by loss OF $jiO,OJb In com,
minus a gain of $2S7. 900 in currency. The day :
onerations covered: Receipts. AO9S4oy; pay
ments 81 35l 465. resulting in a general balance
Of s54s}l 075 consisting OF S19O,SlS coin ana
$3.50 262 currency. .,...
The United States Treasury at washington
received to-day 1890 239 National bank notes for
redemption .,o,-,, 49,, l.,
The customs receipts were $4s1,nl. the In
ternaI revenue receipts s3o9,473. and the mis-
cellaneous receipts x33.nl.
To-day's Washington Treasury statement OF
cash on hand and deposits In bank compares
with the figures of the last previous statement
as follows:
Oct. 10 Oct. II. Differences.
Net gold hand. So 1885, ~ 'S59G Dec 1904 12'
Net legal tenders .o-o oo., on. ga -oo
hand Jl2S,2f6 '"tI Sud Inc SI'D'o
Net silver on nd. 9,7l,021 s.s9l $50 Dec si0 1872
Actual cash In the
Treasury vaults
ayerO