The New York herald., 1873-12-30

MEMORANDA.
The Consolidated European and North American
Railway Company has made over $2 $40 900 in stock
to the International transportation Company OF
New York in payment of their debt to that COM
pany.
The Chatham National Bank will pay its usual
dividend of five per cent on and after January @
1874.
seml-annual dividend OF four per cent has been
declared by the Central Railroad OF New Jersey,
payable after January 20 1874
review of the produce trade of Chicago for
1878 shows the receipts of grain during the year at
96 731, ,59S bushels; shipments, 9 ,T03 bushels
The receipts of hogs were 1880, 900 head; cattle,
765oo0 head sheep, 100000 head; lumber,
1854 $685. 600 eet The total value OF all the produce
received during the year is, In round numbers
$240.00O,0oO.
The Directors Of the Peoples Fire Insurance
Company have declared seml-annual dividend OF
eight per cent, payable January
The following dividends will be paid at the office
OF the Delaware, Lackawanna and Western Rail-
road Company y:-The company,s regular dividend
OF five per cent payable January 20; three and one
half per cent Morris and Essex stock: three and
one-half per cent on Norris and Essex bonds of
1900; four per cent on Valley Railroad stock; three
and one-half per cent on Lackawanna and Blooms
burg bonds OF 1875.
~
and Ohio Railroad Company, held to-day, large
representation being present. 1t unanimously
resolved to accept the proposition OF the company
to fund the floating debt into income bonds.
The trustees OF the National Trust Company
have declared the usual semi annual dividend OF
four per cent. payable on and after January ..
The annual report or the directors OF the New
York, New Haven and Hartford Railroad Company
will be presented at the meeting of the stock
bn1 n I'M hold i,,N Nov II Tho
January. The following is the statement of re-
ceipts and expenses
Iacome.-Transportaton OF passengers, 81, s99 163;
transportation OF freight, $I,46S57S; transporta-
uon OF mails and express. $1s2,14l; interest,
Expenses. ses.-Transportation expenses, 1854, l,0Is;
taxes, S2S,245, coupon interest," $S3,l5S; Hartford
and New Haven Railroad bonds charged to profit
and loss $3S7,O00; net earnings, $1,726,S02 Total,
S4,70l 235, thus making the net earnings little
more than IL per cent upon the SIS, capital
STOCK of the company. The operating expenses
were larger in proportion to the gross receipts
than those OF the preceding year. This was owing
mainly TO higher prices for materials to increased
terminal expenses in New YORK city lowing to new
passenger depot), and to the Increased mileage OF
passenger trains The additional passenger trains
put on have not yielded corresponding increase
OF passenger receipts.
Harlem River and PorLchester Railroad, which
IN process OF construction. favorable opportunity
cultes IN which the company which had started
that road became involved Thus, a railroad line
to New Haven, absorbed, and the consolidated
road went ahead, finished the new road, and
trains are now running. The money used for the
construction OF the road was advanced by the con-
solidated road, and the directors intend to rem-
burse the treasury by the 1vais OF So Of the
first mortgage bonds OF the purchased road, the
principal and interest OF which are guaranteed by
the consolidated road. The company mas taken a
perpetual lease OF the Harlem and POrtchester
road at rent which is equal TO per cent
terest upon It's cost Concerning this enterprise
is the following which shows the opinion OF the d
rect0rS OF the parallel road scheme
1.-The Canada Southern directors have issued q
circular asking the bondhoders to fund their cou
pOns up to and inclusive OF January l. 1875, into
three years bond bearing seven per cent interest
The coupons are TO be held in trust by the Union
Trust Company OF this city. and are not to be can
celled until the new interest bond Is paid. The
following extract rom the circular is OF interest
TO the Dondhoders ITO pay the interest out of
the securities OF the company at this time could
only be done at q ruinous sacrifice, which would
still further paralyze It's operations Funding the
interest rs proposed, thereby leaving in the hands
OF the company It's assets and earnings will enable
IL to meet It's maturing obligations without sacr-
nce and to efficiently work the railway and de-
velop the traffic, and Is believed to be Tor the best
tufar fnfn Icon naI