New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-07

S Sterling .....~..4sss1ss9 tsSsssss tsssss s:x
Reichsmark:' '. $780,. 'SS zH @ ills
Guilders 40h 40h
The price OF domestic exchange was as follows
In the places named: New-Orleans. commercial,
par; bank at 81 so premium; San Francisco,
sight, TIC. telegraph. 1Oc.: Charleston buying,
par. selling Nc. premium; Savannah. buying lie
per cent off; selling. par Chicago. zoe. premium;
Boston, par to 15c. discount.
Bank clearings in the city were: Exchanges.
$780, Al OPS; balances. se.445.7o4. Baltimore-Ex-
changes. $2,A5759: balances $4,000. Philadel-
phia-Exchanges s1o223393; balances. ,07o.
Chicago-Exchanges. $lbs03 1855; balances, s.. 1885,,
s s sos'0n-NA'nanse'' ''"''''''' balances
ket was 6shc. Mexican dollars were quoted at
53% MOSAIC In London bar silver was unchanged
at Slh. Silver to the amount Of $4,000 ounces
will be shipped abroad tomorrow. India Council
bills were allotted to-day In London at IA 3-32d.
per rupee.
Money on call in London was " per cent, and
the rate Of discount In the open market was q
per cent for short and long bills British consols
were III 9-16 for money and 111es for the &C
count French rentes were quoted at 102 francs
s. centimes, with exchange on London rs francs
10 centimes. The discount rate in Parie was IL
per cent, and In Berlin 81 per cent. Further de-
tails OF the foreign markets are given In the
usual cable report printed elsewhere.
LAKE SHORE AND MICHIGAN SOUTHERN.
The annual report Of the Lake Shore and Mchi-
gan Southern Railway Company for the year
ended December 81. 1895. was issued to-day.
Financial results show triling changes from the
estimates published In The Tribune on Decem-
Der 20 last. the actual surplus standing at $6OS20
against estimated surplus Of s60.4S5. Com
pared with 1894. the gross earnings increased
H45S l65. operating expenses 81 1882 152, net earn
ings SCOOP and surplus s59.376. Net earnings
amounted to s6447Sl5, which was distributed 10
the amount of s3.13437O in interest on funded
debt. $644.759 In rentals, leased roads; S5335o 10
per cent dividends on guaranteed stock Dvi-
dends and interests on assets were SH2.sI9, so
that after the payment of fixed charges there
was left $302S,3l5. equal to Sc IL per share OF
stock. and paying 6 per cent, left surplus 20
credit of income account OF s6O.S25. The con-
structon and equipment account remained un-
changed at s84. 900 900, also the capital stock, at
$50. 900 000 The funded debt was reduced from
SAB 692 900 to 900 by the purchase and can
collation. for the sinking fund OF s2500oO In bonds
secured by the first mortgage. The total amount
OF bonds thus cancelled is s6.250.000 In the year
there was substantial increase In freight
traffic While the ton mileage was the largest
In the history of the company. being IL 73 per cent
greater than in 1894 the freight-train mileage
was decreased SAP per cent. and this, In con-
necon with an increase In the average freight-
train load. considered one OF the chief causes
of the years gratifying results. The physical con
diton OF the property was well looked arter
The operating expenses included the cost OF new
equipment amounting to s1,615,954; also the cost
of 7.03 miles of new sdngs. amounting 10 S6oSoo
The income account on December 81 stood as fol-
lows:
Credit balance December 81 1894 .Sl1 500 90
asnds q ner cant ".'e' .".... 6o324 95
sii.se5. 100 %
Arrour, s,rdrv accounts written of ., 251. GA W
Balance to credit income account. December
The subjoined tables compare the actual re-
turns of three years.