New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-12
week in January Of $12,o 600. Unjust be remembered
that in the first week Of January, 1864 the ROADS

|
that in the first week Of January, 1854 the roads
were almost impossible, and earned next to moth
! inc. The Michigan Southern road to-day declared
dividend Of q per cent upon lts common S'och'
and per cent upon the guaranteed III also an
nonpced an extra dividend of 30 per cent IN COM
mon stock upon the guaranteed il heu OF all CLAIMS
for dividends prior 10 1863 and will pay to all who
accept This proposition prior to the closing OF the
transfers in common stock. the dividend which has
been made upon the common shares now oustand-
ing. The amount of guaranteed stock outstanding
is 60 $50 600 Of which 81 600 will accept the
compromise No suits are now pending on account
of these arrears of dividend, and the whole ques-
ton has been practically closed.
The Reading Railroad in the year 1864 earned
s., 269 81 expenses, $l,96l l9l; net income, ST.
sos, $50. The dividend of Is y cent, declared No
vcmber 30, 1864, on common and preferred stock OF
$l7 i5i 1872 amounted to s26lS 1919; less stock ere
ated in lieu of bonds Cancelled SiGl,OOp, leaving at
the increase Of stock account of dividend $254,-
100. The bonded debt of the company on the 3oth
of November was Se.G7j.300, of which 1924 800
we're convertible bonds Of 1856. The Managers
state their reasons for not making larger distribu-
ton of stock, 10 represent the value Of the new
property acquired. I.. .... .
II has cost unusual prices, and may well be qnes-
toned whether it should have permanent represen-
tGtion in the capital stock at the high rates paid
for it. Other reasons have also Influenced them.
Many years ago dnring the construction Of theroad,
and subsequently, in extending the bonded debt,
large sacrifices were necessarily made 10 obtain the
.pIo mud hose xrfr CHARGED "a
the cost Of the works OF capital account. The
property acquired during the last few years in ex-
cess Of the stock divided rcmburses, TO consider
able extent the losses thus incurred.
The bill for the consolidation of the Hudson and
Harlem Railroads was introduced this morning ID
the Legislature at Albany. It's chief provisions are
first that the roads shall be consolidated, and that
the terms of consolidation shall be fixed by the
boards of direction of the two companies, and shall
be ratified by them, and not by the stockholders.
Secondly. il is provided that I" in any stock
holder of either Of the two roads shall refuse TO ac-
cept of the consolidated stock, the board of direc-
ton shall have power to appoint appraisers TO fix
the value Of the old stock belonging 10 the recussn.
stockholder, and the award Of such appraisers shah
be final"
Petroleum stocks are steady; 800 Gernania sold
at 81 10, and 100 at 81 90; 400 Hghgaie, 81; 100
United States, $l3, and 100 at $l3 %; 100 North
American sold at s. ~ per share This company
will publish for its shareholders a monthly state
ment of It's products. 1t is the only company that
was sold at par when issued.
At the election, January 10, 1865, Of the Ninth
National Bank of The City Of Nev-York, the fol-
lowing gentlemen were unanimously chosen Drec-
tors for the ensuing yeg: William A. Kobbe,
Thomas 4. Vysc, IT,. George 4. Wicks, Barnet J..
| solomon. George A. Fellows, Solomon J.. Hull,
Charles Minzeshemer, j. o. Whitehouse, Joseph
L. Orvis. Mr. Oryis Yves unanimously reelected
| President.
| The supplies Of coal brought 10 market in ls6i,
from the Pennsylvania mines from which We have
the report at present, have been: BY Philadelphia
and Reading Railroad, 3,0O0,576 l6; Schuylkill
Canal, 900 525 o. Pennsylvania Railroad to Nov.
3O,) ,00l978 09 Lehigh Canal, 7js,0S9 90; Lehigh
Valley Railroad, 295, 400 90; Delaware and Lacka-
wanna Railroad, !, 223 100 90 Delaware and Hud-
son Canal and Pennsylvania Coal Company, 1861
600 90; Susquehanna Canal, 33l leo 90; Tioga
Railroad 33l leo 90; Total, 10 $50, iiG 0s.
The Continental Insurance Co. has declared a
dividend Of per cent, payable 10th inst. The
Knickerbocker Fire Insurance Co., five per cent,
free of tax payable on the 10th inst. The Market
Fire Insurance Co., three and one-haf per cent,
free of tax, payable on demand. The Pacific Fire
Insurance Co. has declared dividend Of per cent,
payable 18th inst
The following viii show the exports Exclusive OF
specie) from New-York 10 foreign ports for the
week ending jan 9, and since the beginning Of the
year:
1861. 1864. 1868.
| For the week . S2;52$M $2.474.o55 t,945 I'D
| Prey reported. $3.50 l52 l.9i65gt 2Jso,elo
Since Jan L.. SCOOP $50 e4.3e0C53 t4502 5i4
The Trustees of the Market Savings Bank, at
their annual election yesterday elected James c..
Stoncall President. in the place Of the Hon Luther