New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-19
CLOSING PRICES OF BOSTON STOCKS.
ILLINOIS CENTRAL DIVIDEND.

Wednesday, Jan le.-p. III.
The directors Of the illinois Railroad Company
at their meeting to-day declared a dividend Of
. l-2 per cent from the earnings in the half-year
ended on December 81. Til, is the same dis
trbution as that made last wear, but in 1890
the dividend for the same period was
for per cent The gross earnings
in the last six months were larger
by only 80 939 than those Of the same period III
the preceding year. while operating expense. III
Gliding taxes, were increased by S2jsoiG. First
charges showed a steady growth and the incrca-"
of SJ,0OO,00O IN the share capital which was
made in October enlarged the dividend require
ments by $l2,, 900 The surplus fund. after the
payment Of the dividend, S?9j,'Gl, against
S4s9,6O2 at the time year ago. and
S24j,461 at the end Of the year 1890. II should
be observed that tie earnings for December,
1892. are estimated Taking into considerations
the floods in July and the slow movement and
shortage of the cotton crop the statement must
be considered fairly favorable
The following table compares the financial re-
suits for the first half Of the fiscal year for three
years
BUSINESS IN THREE HALF YEARS.
six months ending Dee. 81 go, ,so,
Operating expenses. o.27l.l'o 7ocs.'7i 'S.79I7
e,@;S ;%%s sI. IS .5sso ss5 'SS
First charges i,9od7co 2o'9"'l 3oss"9.
D.; Ss%G' ia 1906 ''H !soY6 'i*5ooS5
Balance Of surplus. sg454C7 sssoooe soe5.7Ci
WHAT WAS DONE IN STOCKS.
The course Of prices clearly demonstrated that
the reaction yesterday was healthy even II IT
WAS somewhat artificial Tho prompt rally IN
stocks which have an international market aroused
the suspicion that the apparent selling Ior
European account yesterday may have been AN
order from -New-iork The covering OF sh1 3dr
contracts could have been the only motive i0r
this roundabout manipulation: Erie. Louisville
and Nashville, Northern Pacific preferred ana
st. Paul advanced steadily, while the Duylng o,
less prominent stocks, like Denver preferred ana
Ontario and Western, indicated genuine Interest
on the part Of their European friends ne re-
covery from the previous depression; ~ STACKS
responded with some reluctance. and Reading
closed only "a little above it's opening, price and
Union Pacific did not improve lts nrs1 nsTres
evident hesitation I'm these instances was over,
balanced by the bnoyancy in the lnduslria,
stocks Sugar Refining rose nearly 3 per cent
TO I25. and Distilling and CATH, Feeding gained
1 per cen'. but unlike Sugar Refining, IT faileu
to hold the entire advance National Goroa .se
gained nearly per cent ana ITS last price WAS |
the best for the day.
II was admitted generally that the outward
movement Of gold might be resumed on nstnfuay
The foreign selling yesterday strengthened en-
change, but the buying for the same account 10.
dav 1id not weaken it, Shipments OF gold may |
reach So. 0OO. 900, but the market has discounted !
the influence of any smaller sum The popular
belief that Government purchases OF silver WIN
bc suspended is constantly growing. while the ex-
IRENE ease OF money NJ home and abroad Is favor,
able in every way 10 higher prices for stocks ana
Sonds 1, was not surprising. therefore. that
tho final prices Of the active stocks were virtually
the best ,, ,,,r,.yr
TIE DAY IN TIE BOND MARKET.
Among Government bonds the only sale ut the |
stock EscLanse was 81, 900 registered A.. at IA |
Tic market was steady NJ unchanged quotations |
~ follows
ma .sr.a Bd.Askcd. |
n Ais 1891 c.L. @ cur GU, o. o. Goa i0Si. ''
tinted at . per y g cmr NJ isS7 ito -
cent reg III. ia 4 S. cur. 6s 1898 112is
Us. - W.. Ies ,fai. III L s. cur. o. 169o115