New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-02-15
A. compared with the statement Of the previous
week the results are as follows:
READING RAILROAD.

for 1859 opens by a reduction of the canal tolls on
Lehigh coal Of II cents tun, or about 20 y cent:
In 1853 the quantity of Lehigh coal produced exceeded
Durrs the same period the product Of tn. schuyi
hi region dse,esed s 1 , ,n.
The scbuylal Canal having gained ....... 4sl5 tun,
1t thus appears that on the basis Of tolls established
by these Companies in 1853, the Lehigh region was
the stronger the competition the Reading Company
being the weakest.
Under such circumstances, the question naturally
presents itsef-What will be the effect of this reduc
ton of tolls from the Lehigh district the Schuyl.
kill coal carriers, ard especially the Reading Com
pany whose tuDnsgs has steadily and regularly dimn
shed from 22l32y2 tuns in 1855 to 52, 6i5 tuns in
1885, notwithstanding the average charges for trans
porting coal have been reduced from 81 Is in 1855 to
81 2O.y4 in 1858
The reduction Of the tolls on Lehgh coal must cause
similar reduction in the tolls on the Schuylkl COAL
OF il will insure the working of the Lehigh mines to
their utmost capacity the above statements show
that even with the established tos Of 1853 the Lehigh
region increases, while the Schuykill dminishes
1t is apparent therefore that 10 retain due proper
ton of the trade the Schuylkil carriers Of coal must
make at least a corresponding reduction.
Tie results % the business the Reading Road are
stated plainly 10 their recent report that 1t Is most
easy 10 estmae and in fact to arrive with great
curacy at the result to be produced by any change in
the tos or to approximate very closely to the result
Of years business at any fixed rate for Transports
ton The transportation expenses, &c, for 1888, are
stated at 81 ,CSl St2; or
On coal e76e3B
On i5I478
81, O8l So2
which the report states equal 10 1881 cents per tun
The % cars, allowances sc, were gas
s3oo9I7
These allowances and the renewal fund are amest
exclusively applicable TO the coal business which, on
tunuage Of i2 6i5 tuns, equal to l9l cents per
tun which added TO 50 sllO0 cents ikes the cost Of
transporting coal say 30 cents per tun. The freight
and tolls 81 90 which leaves profit of 80 cents
per tup
Therefore in 1855 coal tunnsge of ,ji26 i5 tuus
produced profit, az 80 cents per tun, OF $1i 322.
To procure the profit at reduced charge OF Il
Genie tun or At profit of 80 cents per tan would
require 237 $40 turs, or increase Of 79i 69j tuns
more than the business Of 1853 which largely exceeds
any esti nate Of increased production for this year from
all the districts
We are well informed too that all the Companies
whose works lead directly this city, are pairing
for much larger business than heretofore. But il we
assume that if the Reading Company, by making the
reduction that the Lehigh works have done, in
creases ts turnsge to 900 tuns, the profits
coal at 3c. = tun will be only 1874 GEO. or $l77 322
lees than IN lSS, when the surplus for the common
stockholders wac but Slll 3l3, if we assume that
reduction Of tolls is made by the Reading Company,
ard that other districts meet the offered competition
Of the Lehgh, then it is proper to eetinae that the
tunnsge Of the Reading Company will fall in the same
proportion we have estimated the increase, in
OF REDUCTION cay &JU,WU turs, or 10 ,UU, UU tuns,
which, at the prof. per tup last year, would
produce 500t0, Sl2l 3D. less than last year. or an
increase Of $4,000 to the present large floating debt
We have recently heard many complaints of the pres.
eut management of the Reading Company, which is
usual when dividends cease, but reflection and fair
examination Of the subject shows that unless they
control the action of other Companies engaged In the
same business, they powerless TO protect any in
terest Of stockholders. There may be some increase
in the business Of passengers etc. but this cannot he
material TO capital Of ga 600, 0OO
With such prospects and results viii the holders of
the bonds due ne1t year, which are secured by
Fix different mortgages, and which take priority ac-
cordng TO their date exchange them for bonds issaed
under the seventh mortgage! AL experience answers
he question in the negative.
The consequen ces, need not predict they
self evident. INVESTIGATOR.
Nfarkets-CAREFrLLY REPORTED EoR The N Y. rsIsvss.
MONDAY FEB. H. ls59
AsHEs-The market quiet for Pot, % IS Pearls
IL demand o. &c
cOroS-The marie, heavy sales Of 40 bales, incia-
irf IL trAns.ta We
sEw-Yokk CLASsIFlcAri oS.
Upsand~ fonaA Mobile o. Texas
Ordinary ....-..f4 NI 10. h!
Mitdins..-....lN
AiaGiias Psr...lA y. La IL,