New-York tribune., 1896-05-01
CLOSING PRICES OF CHICAGO STOCKS.
on THE STOCK EXCHANGE.

InurSCdy, April 6V--p. m.
Uncertainty over the extent of probable gold
exports and over the effect OF foreign political
troubles on the European interest In American
securities restricted trading in stocks to-day.
The market was dull and irregular throughout,
closing prices being at slight recoveries from the
lowest Of the day. Despite the lack Of activity
In the market sentiment in the Street continued
oeerful, and there was no disposition in any
garter to encourage the operators with bearish
kznngs by throwing over stocks recently pur-
ehssd. Outside OF American Tobacco. Sugar Re
laing Burlington and ST. Paul dealings were
onnned TO small totals. and. with the exception
omaha, there were no changes In the active
Isl above fractions. The last-ramed stock was
aewn per cent on realizing sales, and the rest
Of the railway list was generally lower by small
iraetions for similar reason The 1ndustrials
we're strong especially the shares Of gas COM
pshies' which have been In good demand all the
week Gold bills were offered in the foreign ex-
w~Hse market to-day against gold exports on
uS.usaay. r~an y The low price OF sterling in Paris
~, ,A; sttract considerable Of the precious metal
nrosrs NJ snss point and 1t is understood that the
ratssn,e ratss shipments are for that city. Present
to Inra wni moi permit Of profit on gold exports
81 ~ ps rhe condition Of the exchange mar
mimi. ans s, has been Influenced by large sales Of
jess stocks on the London market and un-
gold Pa5ts ta, n,,,, Demand comes from Germany for
ward WIN De the objective point Of the out
s,rs... movement The Treasury Department has
a fseaeo seaSoe 70 the depository banks that about
turnsJ tJ~ @ oI lne funds held on bond account be
Against .o,s 70 The Treasury as preventive
money , ov'u exports, but II Is doubtful II the
suffcjs,." market ARK will be Influenced to extent
iere ~ 70 attract a renewal OF foreign lending
win nue., he withdrawal Of the depository funds
ali And ,v not have much effect upon the
aar1yn tl,1 1A
noysraa.. a.. present Is extremely light and the
kasss OF money TO this centre Is growing
rd s.nds. ~ Is not likely that there will be large
hrus s,pas saturday, but foreign banking
cours~ - Sc 70 send out about 5000, 900 in the
b "a lie .ne next two weeks unless there should
outsa,t Unexpected change in the market. An
bfh movement Of gold should be Of benefit
CnS money market
W,sst the proposed plan for the REORGANIZATION
eharrss1 1mion mon Pacific Railway Company interest
Anosrs and dividends on the preferred stock
nun 80 'roo0 O00 $4000.000 interest on a maxi
R1o0 fo fsue' @ OF $lO0. 100000 per cent bonds and
ID lssI dividends on $4,000 900 preferred stock
TIE h,,uae companys net earnings were $4,3l50
were ss,st IN IN the history OF the road yet they
maxinw,Oo IN excess OF the interest on the
plan ~ amount Of bonds as provided for in the
nitf.d ~ ule annual report Of the company sub
oftaSass yesterday net earnings after the payment
pfopossa" were ~ 1907 l57 in excess Of the
let inco,r.n new interest charges. while the total
tie S",, Sme was $6.s0s.S25 or only s193.175 under
ana AMOUNT required to meet both interest
net ess,,erred dividend payments. The average
OF the system for the last ten years
1prplus =, ~ issS were $7.562,669 or an average
oiyidsnA oI 156s,Sss over interest and preferred
oeem th.pp ppayments. From these figures II would
charges a, nrl thel road will be able to meet the
b nphovided for in the plan, for It must
been ercasa.ried that the last three years have
snt that ssteiy bad periods for the company,
aeary sutsn sxsn In these years earnings have been
eayments tnc,ent rr to meet interest and dividend
trom 1Ses uhuer the scheme OF reorganization.
!an s.ss 700 70 1892 the Union Pacic's gross earn
lnss abova - about N9oO0O00 and the net earn
Oss have 100000, while in the last three years
,hout N'coo a." averaged about s5.OOoOoo, and net
IN was ss:y "so In 1895 the increase in net over
vent ths sosIoSo sSo and there is no reason 70 nre-
f>x% s6s ssu,,ngs from getting back again and
satisfactory results Of 1892, when gross