The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-18
miracle signal and police system enforced sor the

miracle signal and police system enforced fos the
This number OF miles OF single track railroad
now owned, leased or controlled by the company
Is 1885 $40.
The gross receipts OF the six steam golfers
owned by the company for the year were $780,
400 o. and the expenses, including s24 500 carried
to the credit OF Insurance Fund, were 1921 1918 20,
leaving net profit OF Sl17,641 II.
The business Of the Germantown and Norristown
branch for the year has been larger than that OF
ported was 37l2S16, against g. $40 $50 the previous
year-an increase OF 47l,e36.
On the LIST OF September the company became the
express carriers upon all OF its own lines and the
net profits have exceeded those obtained from
Adams Express Company during similar period
steam golfers, some Of 600 and some OF 100 tons
capacity. and 1t Is proposed to erect snip-yard ut
Port Richmond for the repairs Of the fleet.
During the progress oil the meeting Mr.. John b.
Brock offered series OF resolutions approving the
lease OF the Catawissa Railroad, ratiIying the
action OF the managers in accepting the act OF the
Legislature relative to the merger OF the leased
lines; authorizing the Board of Managers to guar
antee the payment OF the principal and interest," OF
the bonds OF the Philadelphia and Reading coal
ana Iron Company and OF the Mammoth VEIN Coal
and Iron Company; authorizing the managers TO
eeGt one or more wee M o. sne
1885, requiring the Vice President TO De elected
from the managers; authorizing the managers 10
carry into effect any OF the measures proposed IN
their report; continuing the power and authori-
ties conferred on the managers by resolutions at
prior annual meetings, and thanking the President
and Board OF Managers for the able manner In
which the business OF the road has been conducted.
These resolut ons were unanimously adopted.
Mr.. George Earle offered the following
Resolved That the sincere thanks of the stockholders
are due ana are hereby rendered to ne President ana
Sr Of n as ss
fast freight and express companies and also for having
s% 81 al suss IF
asa q
S9S % % a ~ ee so ne "a
roads the just in PROPORTION as the directors
holders. t.
The resolution was unanimously adopted.
An election OF officers was then held with the
following result
President Franklin B. Gowen.
Managerial. Pratt Mexican, A. E. Borie, r. B.
Cabeen, J.. b. Lippincott, John Ashhurst, Charles
E. Smith,
T1easurer-Samuel Bradford.
Secretarv-J. w. Jones.
GOLD sTRoNG-112s 112A.
The advance in foreign exchange and the Gus
tom House report of the dry goods imports for the
past week led to q further advance IN gold which
rose from 1927 10 112x, and. after reaction to
1121s, closed pretty firm at 1925, Its final strength
being derived from the announcement that the
steamers tomorrow would take out $780, 900 specie,
of which $780, 600 would be gold COIN At least such
were the engagements reported at the close o.
business this evening. The heavy imports OF dry
goods explain the rise In gold this week, the won
der being that gold has not advanced to greater
extent than 1t has, 1t Is difficult to account for
this excessive introduction Of foreign dry goods
Just at this season. Fit means preparation for the
Spring trade, then the merchants must be exceed
ingly sanguine of the activity OF that trade. For
the present it Is
A NEW SOURCE OF STRENGTH
to the gold market and has set at naught the spec
ulaton for decline. The Sub-Treasury paid out
$685. 900 on account of interest and $1,000 on ac-
count of redeemed nve-twentes The course Of The
mo rkaf rhown m tho tah1a