New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-14

CLOSING PRICES OF SAN FRANCISCO STOCKS
WESTERN UNION DIVIDEND.

Wednesday Dec. 10, p. m
The directors of the Western Union Telegraph
Company at their regular meeting to-day de-
c,ared the usual quarterly dividend OF IA per
cent The statement which issued was
somewhat better than had been expected and II
it Is correct the company has suffered from the
general depression more :han its proportional
loss The actual earnings in the September
quarter were only a little less thar the estimate.
and il is to be hoped that the estimate for the
current quarter will be equally exact. The esti-
mated surplus is only $l2l.73S. and on such mar
row margin it might nave been well TO reduce
the dividend rate If there had not been a back
surplus on which the company could draw.
The following is comparison between the
estimated and the actual earnings in the Sep
TENDER quarter:
Net receipts. ,SO.OU xlt}s.tlo
s lp,;fs;! END bonds. 1856 1900: sss
2i33i7 24s 2e2
Less dividend OF i. pr cent. iIs5cW i.is'9o3
Surplus for quar,er....... ss7i.e5s s9eaoo
The following table compares the estimate for
the current quarter with the actual returns In
the 3an period last year:
Quarter ending 81 Actual. ls,2. EsiIn'd 1893
Net receipts. SSVl-.?lo Sl"O'VD
Interest On bonds =. s22s 90, s22s.2c
Sinking fund....... 2DOU 2V.oHp
24G.ss, ei:2Ge
S:' aacaS Of u per cent s5 TIC SO
A ss' .ss5 for a. S5i % s .sss sss e;
sc442G,3 s7s2sais
WHAT WAS DONE IN STOCKS
4 little covering Of short contracts in General
Electric was enough to give tone TO the stock
market The fears Of the bear faction in this
stock may have been excited by the fact that
the earnings Of the Edison Electric Jlluininat-
ing Company Of New York are steadily increas-
Ing. The gross earnings for eleven months
have been nearly doubled in two years. and
while the net earnings at the same time two
years ago were only 9@542, they are now In
the same period $J06.710. Aside from advance
Of per cent in General Electric. the movements
in the Industrial stocks were generally toward "A
reaction. Distilling and Cattle Feeding gained
/. and Chicago Gas x per cent. but Sugar Re-
timing was heavy. although It's final loss
fractional. and ruck OF unstable stocks OF
this kind was offered for sale That thev did
not fall further simply because large trans
actions were impossible. The value Of many
Industrial stocks while Congress is In session
is probematical In the railway list st. Paul
was prominent. as usual, but 1t closed only x
the general movement. The closing was quiet
and firm
TIE DAY IN THE BOND MARKET
There were again no transactions in Govern
ment bonds at the stock Exchange. but the
market comparatively firm. although bids
for A. were lowered 4 per cent. The closing
quotations as follows:
U. $, as. 1901, US cur. es 1886. ie2ss ~.
continued at us cur. 6s 1896. l04I -.
Is :$ e 81; &: I:s:Hs
Among State issues Virginia funded debt 2-3
per cents advanced the fraction to 57h. but the
improvement afterward was lost. There was a
moderate business in Virginia deferred Gs |
stamped receipts. at 6laM6. OF city bank stocks |
Phenix sold G0) at 1874
The general bond market dull and in fact, |
featureless One exception ought to be made |
the rise In Erie second consols from 75is to 1870
IS. General Electric debe nture 5s gained IL per |
cent at "a. Otherwise the fuctuat tons were small
and the final changes divided although the de-
clincs were Of little consequence. Reference Is
made to our full report OF bond sales.
Money on call was easy at previous rates and
a large part Of the new business done at
per cent
The Clearing House statement was as follows:
$50. 073.424: balances, $4441,973
The Sub-Treasury was creditor to the Clearing
House $441,812. Its net gain on balance was $197-
le1. made up by gain Of s247.5S7 in coin minus
lions covered: Receipts. 81. $50; payments, s2-
900 1893. resulting in general balance Of $9l 49,
1855. consisting Of s64340,3s4 coin and $27 372 791
The United States Treasury at Washington
received to-day s255,612 National bank notes for
redemption.
nal revenue receipts $40 and the miscel-
aneous receipts $236.S51.
To-day's Washington Treasury statement OF
cash on hand an1 deposits in bank compares
with the figures or the last previous statement
as follows:
Dec. IL. Dec 13 Differences
Net gold on hand 2S6 $s407s.es Inc S422 425
Net legal-tenders on
ri hand v: on ;s 81 Dec bee ss;s
Actual cash In the
Treasury vaults
outstanding
certificates Sa3gs 7S 394 37s el Inc saa, GA
Deposits bank. l2.OIS. lis iI832027 Dec ys iaI
Net cash sioe oco eos sos SOS Inc 500 eas
The foreign exchanges were inclined to he
weak, and, In spite Of a slight recovery. rates at
he close were lower. The reason for the weak
hess was the fact that there will be no fast mail
Until Saturday and no specie ship TO Germany
before Tuesdly. Following are rates for actual
business: Bankers bills. "a s4kQN SAY and a ssN
63A 81 for long and short sterling resnecttvsivr: