New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-12-30
And the following for city bank shares:

sS;,;sS $s:'a:...i n Z
s sasen Dr.,.i. las i%P 5ia'; Iir,dsl7
S S.,.tDi S.aon..iiM Bat Broi Asa. IS
s%s,., ki'a.as 25 German a..n:'" us
The Central Railroad sof New-Jersey will pay
semi-annual dividend of per cent payable Jan. 90
The coupons of the consolidated bonds OF the
Sandusky, Mansfield and Newark Railroad duo Jan.
will be paid at the Union Trust Company.
Tho National Park Bank has declared o semi-an.
nual dividend of per cent, payable JAM 2.
Tho coupons due on tho first mortgage bonds OF
the Houston and Texas Central Railroad Will he
paid at tho National City Bank.
The Bowery National Bank has declared semi
annual dividend of per cent. payable JAN.
The coupons Of the Portland and Ogdensburs
Railroad Company e. d. due Jan. Will be paid at
the Second National Bank. Boston.
The American Exchange National Bank will pay
the January interest of the State of Illinois.
The Consolidation Coal Company Of Maryland
has declared dividend of per cent, payable JAN "
The Farmers Loan and Trust Company Will pay
to holders registered in New-York the semi-annual
dividend of 8. per cent declared upon the stock %
the Rome, Watertown and Ogdensburgh Railroad.
The January coupons Of the West Wisconsin Rail-
road Company will be paid in gold at the office Of
dings g. Co.. and at Baltimore at Farmers aud Mer'
chants Bank.
The delaware Lackawauna and Western Railroad
Company have declared the usual semi-annual divi-
dend Of per c6ut payable Jan. 20. They VIII also
nav the January coupons upon the folowing-named
bonds and stocks at their office: 81 per cent on
Morris and Essex stocks; 81 per cent Oh Morris and
Essex bonds. 1890 per cent on Valley Railroad
stocks and 81 per cent Oh Lackawanna and Blooms
burg bonds of 1875.
The January coupons of the New Orleans, Jackson.
and Great Western Railroad Company's mortgage
bonds will be paid and after Jan. by J. d. Alex.
ander & Co.. No. 20 William-st.
The coupons of the Ohio and Mississippi Railway
Company's second mortgage Western Division bonds
and Consolidated Mortgage Sinking Fund bonds.
due JAM /. 1874, will be paid at the office Of the
Company, No. 981 Broadway.
The New-York, New-Haven. and Hartford Rail-
road Company will pay tho usual semi-annual divi-
dend of s per cent on and after Jan. g.
The January coupons of the Cairo and Fulton
Railroad will be paid by H. G. Marquand. No. LOO
Broadway.
4 per cent, Jan. 2.
The Metropolitan National Bank will pay dvi-
dend of 5 per cent jan 5.
The January coupons of the Houston and Great
Northern Railroad Company will DO paid in gold. ct
the National City Bank.
The Illinois Central Railroad Company will pay
six months interest on the seven pc, cent certif
Gates of this Company, at their Offices. No. 81 Ma
sau-st.
The Trustees of the National Trust Company nave
declared the usual semi-annud dividend of per
cent, payable on and after Jan. prOx. Mr. John c.
Cruikshank has been elected Secretary, In place d
MIR. James Merrell. deceased.
The Philadelphia stock market is active: Pennsyl-
vania Skies, 100; Philadelphia and Erie Railroad.
%; Reading Railroad. 81; Pennsylvania Railroad.
AT Gold, 1l0i
The Rockland Savings Bank at Nyack-on-the-
Hudson will pay to depositors half-yearly divi-
dend Of per cent on and after Jan. Is.
Tho Albany Lov Journal publishes decision OF the
Court of Appeals which is Of Importance to stock
brokers and their customers. 1t seems that in the
Court below Mr.. William II. Baker brought suit
against Mr.. Albert A. Drake, stock broker, to 70
cover damages for the sale of stock which he Drako
was carving upon margin for the plaintiff, the
claim for these damages being in amount what
would have been the profits in case the
stock had not been sold when it was, but
had been held until tho highest price, up to
tho time of the trial, had been reached This
extraordinary claim, under the peculiar charge Of
the Judpe was allowed by the jury. The case
taken ND to the Court Of Appeals and new trial
was ordered ON the ground that the Court below bad
erred in its instructions to the jury to the proper
mode of assessing the damages Judge Rapallo do
liyered the opinion Of the Court in the course Of
which he remarks:
This enormous amount OF profit given under the nams
the unreasonable supposition unsupported by cvt
that the plaintiff would not only have supplied h
necessary margin and caused the stock 70 DO carried
through all It's fluctuations until 10 reached its hghest
point but that he would have been so fortunate 70
seize upon the precise moment TO SELL thus avoiding the
subsequent decline, aud realizing the highest prons
which could have possibly been derived from the tran
action by endowed with the supernatural power
prescience. But the rule adopted In Marxhsn
against Jandon "a relied 70 sustain the ludxmeas
Of the Court beow passing far beyond the scope OF
reasonable indemnity the customer whose stocks ns
been improperly Sold places him IN position ine"~
parsby superior " that Of which he wac deprived
1t leaves him with his venture out for An lnoeun..
period limited only BY what may DO deemed s0' TSs
able time to bring suit and conduct u 10 is enc ,,.
more crowded the calendar, and the more rev s,ssd
granted In this action, the better for him. ne -
from the trouble OF keeping his margins good
leved OF ali apprehension OF being sold ous
margin II the stock should fall or become 1qnS INA
months years occupied IN the litigation tuo ecr
price OF the stock happens shoot up. thouxn
moment, no can ~ the trial take reu os,tt r,r
seize upon that happy instant as the opPrs,.,ns
broker. and compel him 10 replace WITH sond 'u"u'
imaginary oss. Ok ..sal soy IT
The Court held that assuming that the sals Sss.s
violation of tho rights Of the plaintiff. h's remeaJ
was to disafirm tho transaction aud require the 90