New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-10
CLOSING PRICES OF BOSTON STOCKS.
ON THE STOCK EXCHANGE.


Ease in the local money and foreign exchange
markets contributed TO the general strength in
stocks to-day The easier foreign exchange mar
ket Will probably make Saturdays gold ship
ments smaller than these estimated early IN The
week. the Indications to-day pointing t. ship
ments aggregating only $1,000 600 The lack II
positive ideas concerning the extent Of subscrip-
lions which Will he made for the so-called popular
loan as pronounced to-day as when the
bond announcement was first made while the
refusal of the Treasury officers in this city
to give any Information concerning the move
ment Q. gold has only added 10 The uncertainty.
Wall Street sees many uncertainties in the
situation, but the general opinion IL that the
Morgan syndicate will handle the bonds: but
possibly az better terms for the Government than
the issue OF last February The lack OF definite
information and the general absence Of unfa-
vorabe news have made good traders mar
ket in which transactions small and narrow.
In to-day's stock market about ,hrec-quartcrs
OF the trading was done in five shares-Sugar
Refining. s.. Paul. Manhattan. Reading and
United states Leather. or these. Leather and
Manhattan weak. the iirst-named losing
per cent on rumOTS about the financial cOndi-
ton Of the company. and the other in report
that the taxes of the company would he doubled
this year Bears on Manhattan repor. that there
Is considerable bad news 10 come out about the
company but the officers Of the property deny
this
The general railway list was strong. and the
only weak features besides those already
named. were American Tobacco. Consolidated
Gas and Distillers. The anthracite shares.
transa ctions. Jersey Central gaining per cent.
Delaware and Hudson IA per cent. and Della
ware. Lackawanna and Western ~ per cent.
The earnings Of the Delawar" and Hudson last
year aggregated about 6is per cent upon the
stock which Will cause only small transfer
from surplus to dividend account. in order 20
per cent a year. The Delaware and Hudson
probably owns more unmned coal than any
other company in the Wyoming Valley, and its
earning opacity from this source under rs
present intelligent management IS In no danger
Of being decreased 10 any great extent for years
to come In 1894. when there was n contro-
versy among the Board Of Directors concerning
n proposed issue Of 10000 shares 10 the stock
holders at par In order 10 pay off bonds of the
company to the amount OF $5,0oOO0o /.
was estimated that the company possessed
over 80 900, 0OC of surplus including an esu-
mate of 81, 100000 premiums on the securities
held by the company, large part OF which
stood to the credit Of the dividend fund In
1894 the capital stock was increased to $4,000
900 reducing the funded debt To- s. 900 900. by
the proposal mentioned before. In 1890. when
tho $500 600 bonds then maturing were paid
of the increase in stock was issued at 70. the
balance being taken from the dividend fund.
reducing this fund TO s1.337.5Oo. since which
time the amount taken out has not only been
recovered. hut the fund according to the last
annual report. amounted t. over $220,0oo. The
receipts Of the company from sources other
than coal much larger than formerly, on
account Of the recent acquisition OF lines up
the State and II is understood that the income
from passengers and freight OH Its northern
divisions In the year ending December 81. show
a material improve ment over the previous year.
perusal Of the financial history of the com
pany will show why bear raids on the stock
have been unsuccessful
Closing prices of the chief active stocks, COM
pared with their last prices yesterday were a.
follows: