New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-02-10

The following were the comparative earnings of
the Central Pacific Railroad Company: For the
month of January, 1873 $3.50, $50; 1872, S592,22
1871 1886 9s increase this year 1872, S260637
over 1871 S3l6,262.
A meeting of the Directors of the Western Union
Telegraph Company was held to-day, at which the
action Of the President in the purchase Of stock Of
the International Ocean Gable Company was con-
frned. This Company is known more particularly as
the Cuba Cable Company, the termini of which are
Havana and Key West from which latter point IL
has land lines extending into the State Of Florida,
where it has connections with the lines Of
the Western Union. IL will be remembered
that a meeting was held on the I'd Of June 1871, at
which the President of the Western Union was
authorized TO purchase sufficient stock in the Gable
Company TO secure control and from time to time
such stock was purchased as could be obtained,
though not sufficient To attain the object aimed at.
At recent date some strong parties represent
ing English capitalists, appeared in the market Tor
the purpose of buying up the line, though before
action was taken by either of the parties the
Western Union people were fortunate enough TO OBJ
tain 925l shares thereby securing control of the
company We are not advised of the price paid, al
though we hear it ntimated that it was less than
the English parties would have been willing to pay.
The negotiation was completed on Monday last.
According to the terms of SALE payment was to be
made at once in cash. whereupon President
Orton, after consultation with some of the
Executive Committee. authorized on that
date the sale Of the 1900 shares
of Western Union stock owned by the Company. 1t
should be understood that the first proposition was
to pay for the stock of the international Ocean Tel
egraph Company in the stock of the Western Union,
but the parties representing the former Company
were unwilling to accept the stock at its then
ket quotation This block of 1900 shares which
has elected such severe comment from GER
tain of contemporaries was held as
part of the assets Of the Western Union Com
pany. purchased with the surplus funds of
that Company with view of using it in the
extension of their lines whenever they should see
fit. 1t will be seen by the resolutions below, that
the action of the President in directing its sale on
Monday met with but one dissenting vote. 1t is
possible, in view of the pending speculation In West
ern Union that the unfayorabe criticism referred TO
was based upon information volunteered by that
dissentient. The resolutions are appended:
Whereas at meeting held June ?. 1871 the President
Ocean s TlesTspR Company to such an extent as he
deemed advisable for the interests Of this Company
whereas the President, in pursuance Of negotiations
commenced under such authority, has agreed to pur-
chase l2 shares of the preferred stock OF the Inter
national Ocean Telegraph Company, and 1853 shares OF
the Common stock OF said Company; and
Whereas for the purpose or completing such purchase
OF stock aud making payment therefor The President
Clark and Augustus sche directed the sale OF 1900
shares Of the capital stock OF this Company held BY the
Treasurer portion OF its cash assets therefore,
ResOiced That the action OF the President In the pur
chase OF said International Ocean Telegraph Compans
stock he and the same is hereby approved ratified, and
confirmed.
Resolred That the action OF 1.-THE President in directing
the OF 1900 shares of the Companys stock for the
purpose aforesaid be and the is likewise approved
ratified, and confirmed.
The first part of the foregoing resolutions was
adopted unanimously and the second with but one
dissenting vote.
The following shows the exports exclusive Of
speciel from the port of NewYork to foreign ports
for the week ending Feb and since the beginning
OF the year ,
For the week ....... S26365s1 ti,5OoO6s s56ll,70O
Previously reported. ls,7Obls2 H,56'Si9 iill''l
Since jan .s2l,S4O763 ,l9,O6Sa7 S23O2S,1sl
Price OF gold......... llli 1904 ll3L
The following shows the imports of foreign dry
goods aud general merchandise at the port of New
York for the week ending, Feb Z, and since the
beginning of the year;
for n, u,sE 1871. 1872. 1873.
Dry goods ........... f,I75,63i H,2o3566 S583,050
Total for week 30. =. gqsA65i,sJ6 s7,5oO476 s5,slOsa
Previously reported. sis6i3si 3l,9346T 55396,267
Since Jan .s205loI6o s30,istsS2 s42s26.lO9
The following are the dry goods imports included
in the above for the same period
For ne w,Sk 1871. 1877. 1873.
Entered the port. .slI756Si A.2S5EGs t26ss.o9o
Thrown on market. i,S62olo Aiso,iSi 2s73,i9O
Jal l.
Entered at the port. ss,4.2o2s tl72s.ss s5s6loas
Thrown on markell. S,l33olo l6.SSSleo li,2S5.9ss
The exports Of specie for the week ending Feb 8