Rensselaer Republican, Volume 16, Number 20, Rensselaer, Jasper County, 24 January 1884 — ASTONISHING DECLINE. [ARTICLE]

ASTONISHING DECLINE.

iiie Great Fall in Railway Stocks and Bonds Since 1881. Since July, 1881, says the New Fork Tribune, railway stocks and bonds have suffered an astonishing decline. Including only about half of the stocks alone that are listed on the New York Stock Exchange, the loss in price since that time has been about SOOO,000,000. The following are a few of the most conspicuous examples: Stock Dec. Loss. New York Central .$ 89,428,800 29% $ 26,493,132 Lake Shore 49,486,500 39% 19,477,444 Michigan Central.. 29,u00,000 29 8,400,000 Canada 8 uthern .. 15,00,000 29% 4368,700 Northwestern 26.502,756 15% 4,207310 St. Paul 30,904,261 36% 11,241,402 Bnrlingt’nA-quincy 60,814,191 50% 35,430,702 Rock Island 41,690.000 30% 12,642,000 Denver & Rio G'd.. 35,000,000 88% 30,975,000 Union Pacific 60,854,105 60% 30,664,598 Missouri Pacific.... 30.00e.000 27% 8,212,500 Mo., Kan. <fc. Tex.. 46,606,000 31%’ 14.707,295 Texas & Pacific.... - 32,191,500 51% 16,659,099 Wabash, common.. 27,409,200 42% 11,648,910 Wabash, preferred. 23,034,2X166% 15,317,743 C., C„ C. * I .. 14,991,600 35% 6,289,780 Col.. Chic. & I. C... 13.960,823 29% 4,048,632 0hi0Mi55........ 20,000,009 23 4,600,000 Peoria, D. & E.. 8,400,000 43% 3,376,000 Ind., 81. & West... 10.000,w00 38% E. Tenn.. Va.&Ga, 27,500,000 15% 4,193,750 Hannibal <fc St. Jo. 9,168,700 54% 5,031,324 Louisville <fcNash.. 25.000,000 65% 16,281,250 Ontario A- Western. 60,113,982 22% 13,525,646 Erie 77,087,600 23% 18,019,225 Lackawanna 26,200,000 12 3,144,000 Western Unipn.... 80,ooo,(XX> 20 16,000,000 Central Pacific...,. 59,275.600 39% 23,265,634 Northern Pacific... 49,000,000 21 % 10,657,500 Nothem Pac., p’f'd. 4L749.463 36% 15,343,716 Oregon Navigation. 24,000,000 84% 20,280,000 Or.Transcoutlnent. 40,000,000 52% 21,100,000 T0ta1,32 5t0ck5.61,190,085,079 .... $424,924,226 The nominal value of all railway stocks in the country is about three times that of the companies quoted, and the decline in value since July, 1881, has been probably not less th an, $1,000,000,000. In addition, these great corporations have a still larger amount of bonds outstanding, though the " decline in these has not been on the whole so great. If it has been less than half as great—and this is apparently a safe estimate, judging from such securities as are quoted—the apparent loss in the valuation of securities within two years and a half has been over $1,500,000,000.