, 1874-01-06
FINANCIAL NEWS.
Hearly SIS, 100000 in Interest and Dl5l-
yidtuds to Be Paid in hew York
During January.
One Hundred and Fifteen Railroads no"
In Default. AeW
Ones the Present
Month.
January Interest and u1V1oestus
Twenty.fivo More DcfaultanG han-

January Interest and Divfdemos.-
Twenty-Five More DcfauAta"s AN"A1-
rouds.
From the Nsu York Tribune, Jan. 3
The January interest and diVldends, 1he pay
1nent Of which was t+gpn yesterday, WILL assfe-
gate nearly S75, 900. 900. OF this the GoVefnment
will pay e25, 5,743, ,279 gold interest on various
bonds. 81 $685. ,705 currency interest on the fa-
cific Railway second mortgage bonds, and I'll, ooo'
600 in redemption OF 1874 bonds, though por-
ton OF these will be exchanged 1or Inc 10"
ayea. The interest on State and city oonos Is
LARGE sum, and the January coupons on various
railway bonds represent many millions ola o. ot ao.,
iarg. Fisk & Hatch pay out S1.l4 Goo gola on
account Of the Central Pacific. the Western r.
c;6c and the California aud Oregon lailways
Morton. Bliss & Co. pay $8l7 1lo on u Union o r.
cific bonds DIe1el, Morgan Co., S45o, wv; N.
K. Jcsup Co.. $50, ,ooo and "inso%, nanrs5
bonds. Tho Reading Railroad pays - S2.25o' ~ 'eoo
interest and dividends Lake Shore, $815, ,o0 IN
terest Rock island, $315, 900 Atlantic Great oa
Western, S315, 1000; Baltimore d Ohio, ooo;
Atlantic g. Pacific. $210,000; Missouri Pacific,
slo5. 900. and California Pacific, 5000. These
are only small part Of the payments to be
made during the present month by large corpo-
rations. .,
The various institutions at which coupons
were redeemed presented an animated appear
anca Yesterday, Clerks and cashiers we're kept
busy from the opening to the close OF business
hours. and the sums 1isbursed we're very large.
The number Of defsulting roads was much
smaller than had been expected, aud the TACT
tbat thew would default on their January in-
tcrest had been previously announced Will the
REASONS, cxcep: in the cases of a lew unlmpof-
tant ones. or tha seventeen companies whose
coupouy are redeemed at the Farmers. Loan q
Trust Conpauy's Office, only two failed to pro-
vida the necessary funds-the Fort Wayne, Jack
sou t. Saginaw, and Missouri River, Fort Scott
& Gulf. These will both fund their coupons,
and the former has already made arrangements.
The St, Louis e. Southeastern Railway, wnose
coupons are payable BY George Opdyke Co..
have defaultcd on tue interest on $l00.ooo hrst-
mortgage bouds. This road is represented AZ IN
PROSPEROUS condition. but is suffering. IKE
manv others, from the temporary scarcity OF
money. the Company have made arrangements
for paying the November Interest ABOUT tue
middle Of the present month, and the January
interest somo time in March, after which time
they expect to meet their engagements as they
fall due. The Canada Southern d Chicago and
Csnada Southern Roads havo made arrange
mcuts for funding the coupons falling Que IN
January. 1874, July, 1874, and JANUARY, 1910. AZ
was fully explained in the Company'6 circular,
published a few days ago.
The entire number of railroads IN default is
more than lis, representing IN indebtedness o9 on
interest account Of more than S27,-.
n0o.000. The following are the new defaults Of
tho present month. The following table is taken
from tho advance sheets Of an article carefully
| prepared for the Commercial and Financial
| Chronicle by Charles ". Hassler. q broker IN
! railway bonds:
| LIST NEW DEFAULTS.
1<,,t. in r. ,tftrSs,sat Sssa! Rat.
r,u~ rad 5<xe+iut;on a9ies~ oukstdndey per cent.