The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-12-01
Statement Of Earnings In October Of the
Pennsylvania and Burlington. Ss
BOTH STATEMENTS REMARKABLY STRONG.
There Was "a Atnrkc cd increase in the
"perat,nE Expenses Botiagfor tho
IS Burlington and Inc Pennsylvania
speculation in susnr WINS Again
Very Active nil Day una tho stock
Roso Strongly.

New York, Nov. 30.-The principal fac
tors nto-days stock market were the
statements of the arnings in oceober of
two of the great railroad systems Of the
country. namely, Pennsylvania ana Bur
iington. Both statements media a re-
maEkably strong showing, but that of
Burlington had been discounted by
more active speculation and the rr,mors
which have preceded the publications
! 3or some time past have grossly exagger-
I CITED the proportions of the increase. AS
there was some diaappoin-
s msnt In speculative circles over the
HBurlsngton statement and !s2me profit
taxing which impaired q heavy tone to
& the whole OF the Granger group until late
{ in.the day. In the final hour the prices
y cfathe group shared In thc strength or
u the general market. Rock Island lead
n ngS with a net advance Of IA on reports
q tha 1.-the company's refunding scheme
.had 6been perfected and the sale of the
4 first block of new 4 per cent. bonds con-
iseluded. The October statement of the
system with it's increase
An gross earnings of 100000. and in net
& OF S45S, 100, was regarded as strongly IA
Yoable and as rejecting large general
3 improvements in business. The stock
(; OF 5S,theSJPennsylvania railroad rose 23s
under dts influence, and all OF the trunk
shines showed marked degree OF
s. strength, New York Central, Lake Shore
land, Canada Southern rising from l to .
apoints.
Phere was very marked increase In
the operSt!ng expenses both for the Bur
'&Iington and the Pennsylvania, amount
ing to St40.330 in the case of the former.
4 and s2G1, GEO in the case Of the latter, re-
4 flecting the arrearagcs Of outlay for
Y maintenance which exists generally in
s. railroad property all over the country.
The Erie and Lehigh Valley also hal
n Very. aHo:a BILE statements for October,
4 but! in both cases heavy increases in
separating expenses absorbed n large pro-
!. portion Of the increase in gross earnings.
Misrepresentation in Sugar WAS again yer
sSAGtlve all day and the stock rose strong
ss3}SSs closing 2ia higher than last night.
ffs,The approach of the regular dividend
period and expectation of n favorable
y decision by Inc Treasury Department
ION the question OF countervailing duties
ION Imported Dutch sugars were the caus-
'Sss Of the rise Northwest and Omaha
sssShoWynet gains equaling n point.
35ts Sales of silver certificates on the eX-
%change for 10000 ounces at from 1914
ato, ts& were the feature of the day. Bar
%,silNer sold in this market at 59h. a
kBricc which had not been equalled before
y slnee! July %.
I'll Bnllion dealers have no other explain
:sRtion to sonor 20 the strength of silver
hut the existence OF active demand and
supply.
1.-The bond market showed some activ-
sBityEand strength In high grade issues.
sobtfng very firmly held. Total sales,
!!stSi .ss5, 600
sskS United States old IS registered were
advanced u bid. The total sales of
stocks were 100 shares.