Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-18
Decreased Earnings by Railways
Reported.
NO EFFECT ON TIE SPECULATORS
Union Pacific to Postpone July
Dividends.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.


NEW YORK. June 1s.-The opening of
today's stock market was irregular and
the volume OF business light London was
dull at our closing and did nothing to slim
ulate local trading. The railroad list was
not materially affected by the days trading.
changes In every instance being less than
full point The receivers of Union Pacific
have decided not to pay the July interest
on the first mortgage bonds until the earn
ings of the road will warrant such action
The leased lines will be subjected TO the
same treatment the bondholders getting
their money only when justified by the
company's balance sheet. The July in
terest will probably be distributed some
time In the early fall, but there is not suffi-
clent evidence at hand to warrant an &C.
curate prediction.
Railroad earnings published during the
day were not encouraging to holders of in
vestment securities, but were not seriously
considered by the speculative element. St.
Paul reports decrease of Sl6S, 2i2 for the
second week In June, and the Northern Pa
cine Tor the same period, s224 III. From
present indications these weekly reports
are likely to continue without interruption
during the entire summer. the only encour-
aging feature being that the amounts of the
decrease may be gradually reduced during
that time
steady around cpening prices The extent
OF the fluctuations in these securities bare
~ paid the purchasers commissions Union
racine was sold down 81 per cent on trad
ing by the professional element
In the Industrial list there was greater &C.
uvity, but practically the same result. Su-
gar opened at an advance of IS per cent to
w. sold down to 9S SIS rallied to 90 3-s and
hnally settled down around opening figures
washington advices advise caution in all
rlsks IN this property, and suggest a series
OF likely Interruptions that may be turned
10 good account by the manipulators with
out seriously influencing the ultimate result
The best Informed interests are bullish. hut
DO not advise purchases at this time arp-,-
ing mat IL Will be more prof table to take
tne stock at higher prices after the legisla-
i've contingencies are reduced TO a more
reasonable certainty.
Chicago Gas was strong on pood h,,,,,.,
ana gained 1 per cent from initial prices
Dennite Information concerning the dividend
is expected In the next few davs
Inc remainder of the industrals attracted
niue attention and made no important
changes in price
The market for sterling exchange onenad
strong, at last weeks quotations The SIM
ply OF commercial bills is still a trifie under
the demand, and shows no signs of inma-
date Improvement
over 100000 gold has already bean
taken for shipment tomorrow and other
amounts will follow during the uaelr
while the outflow of gold has been unfn-
terrupted for the past month, IL has ar
tracted little attention as a Speculative
factor, and having been ANTICIPATED has 50
iar caused no embarrassment to bankers.
frlces We're well supported during the last
hour ana closed strong. about on a parity
with initial figures N'