New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-27

$500. ,...o,,srents. Jp to 3O,h June the in
crease has been: Coal $50, SIS tuns or 80 cent no
,bsrd;,r 10 9iO tuns, or p cent. fa,senge', 49,,
>, CO.., with every indication that the per centage
will be maintained to the end OF me season. - -,
For mfpy reascrs it u not 0esiro oe 10 ih-Iehso va
=. -. ~ ~ Of the Company. and, ;htacpres-ed
stat The stock marko, maGe an s.ue Of stock or pam
nvertihe bonds Improbable, except n great SAo'-
60 ne a naaers tL0u ht II best TO elcr @cuoh uht
-, 6ayorabIe opportunity, and decided TO carry the
Deb in The meantime by the notes of ihe Company.
Until lat. " this done without difficulty, as money
wa. freely offered for the Companys notes at current
,,,,s az interest AZ money grew dearer the amount Of
r.d decreased but the large earnings OF the ro,l maze
up the deficiency, and the obligations OF the Company
hen s1ecesied by large and influential body Of
s,cckhoders and strongly urged upon the miu44eIs !"
psperd the payment Of the dividend anr appropriate ta
earning of he roadto the extinction Of the debt lhey
would Willingly tale ,hCir share Of u IN STOCK az par
OILERS would do the same; but ~ there no power %
assess tie stockholders the earnings OF the ROAD are the
only ady and equitable means o. relieving me company
With usce 10 all parties In their opnioni the certainty
Of til early extinction Of debt will add more TO the conf
dence Of stockholders than any cash dividend mat might
he declared and by removing doubt from the puDhc
Mud induce many seek the securities of the Company
for safe and permanent Investment.
The opin0n of large body Of stockholders would at
nny time lave gr, weight with the managers; uuder eX
isine Circumstances they have received it with great salts
faction as approving beforehand the cOure determined
upon and they quote it with the hope that viii satisfy
III, ofer stockholders that the passing the dividend should
not intiere with their confidence in the prosperity Of
The question of issuing stock to represent outays for
peyusnent improvements Is reserved by the Legislature
for The decision of the stockholders and will be brought
before them AZ the next annual meeting.
TIE annexed statement shows the position OF the bus-
pe,s 70 the end Of June and estimate has been added
for the remaining five months which the managers feel
confident will be realized
The business for seven months ending 3Oth June has
been as fellows:
g78 st7 10 lSbaay 9
Ig7l7l turs merchandise loES y
45Zil through ssscDeeTs ,2,
Mail and mseelsneous. lSb'' o.
oros. &IGiosio Il
700 m ss qb.rse evsTy o25 G65
MOI uros, for poptbs.................. 1883 81
coupons bonds and bonds and morgoge3 <819H
Dividend Fund..................... 44562i 8
Would giye for sinking fund............ tSNpl w
Would eive for stock div. 81 cent 25,59s -
Observation-Disclosures 3o99u 80
And leaves toward next months. H9'5 70
Totsl. ACKNOWLEDGEMENTS. &f2562 20
Estimating the coal business for the whole year at W.
millions Of uns-the result OF the remaining hVe hohD
will be:
Cos t3l 7l9 tuns at 81 n met ~ 6..., +l68l Gl! j.
Merchsrde GO 700 tuus al ~ " Ky 49, -
Trsvel. 2to o. N
Mail and nsc 80
Total. 80 5stt
Fxpenses years average rates for The year ' %
,.,h. ............. 81 O5 .l22 %
s, 81, ,' nh, shove ............... 1850 80
~, r,e, "a, tls vear...............4I 1855 79l ?,
Deduct couo nd bonds and mortgages 5I5SSe "
Dividend fund for 1854. ;:....... $llao91J 2
"a. &C.