New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-27
CLOSING PRICES or SAN FRANCISCO STOCKS.
WHAT WAS DONE IN STOCKS.
Monday. February 2G-p. m.

Monday, February 26-p IN.
Three Industrial stocks and railway stock
contributed more than two-thirds OF the small
volume of business done in the stock market to-
day The railway stock was Chicago. Milwaukee
and st. Paul. and its strength gave tone TO the
general list. which closed fractionally higher
The improvement in the Granger group could
not be credited 10 the further decline In the
wheat market, and hence It may have been due
to the favorable Interpretation put upon 81
Paul's statement of January earnings. Through
a heavy reduction in working expenses. the de-
crease in the net earnings. compared with
January year ago. was kept down to ts5,24i 4
smaller loss than had been looked Tor But II
Will be found upon any comparison OF figures mat
the net earnings OF ST. Paul last month N6O6 400
were less than the months proportion OF nISt
charges The charges OF the ST Paul system LOT
the fiscal year to June 30, 1893 amonnleI ,,, 10
81 456 1866 or a monthly average OF sO.l,3r'. Inc
preferred dividend ahead OF the common STOCK
was 81 751 1853 in 1893. at the rate OF Sl4osio a
month In other words the St Paul last month
earned sl60S3S less than the proporuona'e
monthly requirements for interest ana preferred
stock payments. II the 81 PAU should earn
for the remaining five months OF the hscai year
10 end June 30 next the same net money mat was
earned in the corresponding five months or the
previous fiscal year the result FOR the twelve
months would stand approximately as iolIO"S'
Net from July l. 1893 TO January 3D. 1871. 9
ADD on basis previous year.........'...''. 4-Hoi-
Interest and preferred stock 'o''
su-,,n. ........................ s2.2;ol 1875
piy dIus per cent on si6ooocoO common o,ooo
stock ''0''
n.,.... .... snO1ss
future shrinkage in net earnings AT the Tate
OF the January decrease would result IN II sHiaIi
deficit under the common stock diVidenu tl'5
wear prObematical result Wich WIN 'e',u
decided interest TO the monthly Reports u t"e o.
Paul road from now on.
The professional and insignificant Character OF
the days market was proved by the proNIi'enCe
Of the industrial shares. American Susa' -
filming continued to be the speculative Ieauer anu
fell from SO 10 sos lS07s. because the sO-caiieu
inside Information now suggests that no p.O.ec
zion will be given by the tarln 70 IN" rus
Distilling and Cattle Feeding rose from - - 20
broke over | pc cent, but closed on IdlIS "
2iss. Spectators may enjoy ine p1.,.a, hsdI,
certainty of Congress legislation. however paulS
II NAV affect general business. chicago Gas was
Influenced by the uncertainty OF eglsia'Iuh Win
originates in q less important capltsi anu n'VC'o
more narrow interests Among the minor iISue
afyac,ed nv the tariff controversy, NatlOhdl leau
m ,t,,,1.d 90 downward course. Outside the In
due,rials ST Paul was the only STOCK Whlcn re-
corded transactions equal to 1O,OOO shares mat
London contributed nothing 10 It's support - .!'c
deduction to be made from the increaseu s,'e.e -
OF sterling exchange parta nv =. tnraasa
,alagranhic communications tended 10 increase
~ trailing nature OF the speculation Inc mar
vet closed at slight concessions from up PtiV,o
Tor the more prominent railway snares anu "edN
for the industrial group
THE DAY IN THE BOND MARhhi
Transactions in Government bonds were con-
Nred IN the new 8 per cents at ll'fs, aIthoueh
nm mr.. ,nnd sold at n.y. Bids for the per cents
n,are reduced "A per cent. and registered os were
nfyered al a concession Of 70 per cent: Inc mar
ket was rather henvy in tone. flhdi quo'""o''
were as follows: d., ,.,,