New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-05
LOCAL MISCELLANY.
rr,,ANcIL1. EPISODES.

FINANCIAL EPISODES.
.uoravD IRA OF SPECULATION PREpIcrRD-A Pc
o.,,,.p s,IF UNDER THE RULEs-RAILROAD IN
fEREsTs
The stock market was strong and buoyant
.s,.,aav the advance being especially marked III 'no
s,.hnr,ced dlviden nd paying stocks The Voiune VI
.,es. was very large and in several cases heaVS
1900 we're made by brokers to cover short
A. the past days One large operator VINO mas
.uderstcod TO be short OF stocks TOT some "A'',
..id 70 have bought 5000 shares of western Union anu
largo amount OF wabash and other stocks yes'eruSS
The opinion prevails the street that an era Oh eho
speculation will follow the comparative s'SSn"'oH VI
the past week. .-
Tbore was tsale Of stocks "uuder the rule, yester
sav IN the Stock Exchange, which attracted inuch
attention among the members and the circumstances
which we're discussed very generally AFTER inc ooSo
ousiness The facts, gathered by Tribune TO
,oyter are as follows George f. Dickinson was ealeu
- %, enosit an a sale OF 400 shares of Western Union
an. ,oonev tn ne Maid at the Union Trust Companys
.roa heforq 2 n m Yesterday The deposit was not
made and soon after the hour named the STOCK WAS pre-
sented for sale the desk OF the STOCK EAchdse "e
,ale took place few minutes before the CLOSING hour
NJ the Exchange. When it was announced, Mr. Dckln-
,on was present and at told member OF the nr,
on whose account the sale ordered that II there had
been failure 70 keep up his margins 1t was owing TO
NEGLECT on the part OF bOokkeeper whom he had IN
sruc,ed 70 make the deposit and that the sale were
Aeayed he would give check for the required amount
M once This was refused and the sale went on.
The official statement Of the business of the Chesa
make and Ohio Railroad for the year ending Sept. 3d.
MA shows the earnings 20 have been $2l05OS ga e1
p4nsee. Ss79 700 OF net earnings $330,s0s 81.
The earnings OF the Milwaukee and ST. Paul Railway
fer the fourth week in January $2l5COO, against
q Q6s for the corresponding week last year For the
snre month they 400 against $3347l5 for Jan
nary 1873, an increase OF $Jl96S5.
1t is claimed that under the Presidency and special
MANAGEMENT OF Gov. Jacob d. Cox Of ONO, the cX-
Teuses OF the Toledo Wabash and Western Railway nave
heen greatly reduced the saving IN November having
been SIS ODO: December $4,000; and IN January,
10000 II this economy be carried through the year
thc savings alone will be equal TO per cent on the Com
mon stock Of Company. The earnings for the hrst
three weeks January $4,000 IN excess OF those OF
the same period last year.
There was a meeting yesterday OF the Executive Com
mittee OF the Erie Railway Board OF Directors They
eIpressed qualification the Of the new Erie
lsan in England, and their appreciation OF the ability
and energy displayed by President Watson and James
MeHonry its negotiation. 10 determined that the
work Of laying double track should be pushed forward
without delay.
The sale OF the ST. Louis and ST. Joseph Railroad
rnder foreclosure by the first mortgage oOndhOlders
having been postponed TO Feb. is. will, IL Is asserted
Iake place positively tnat day The Purchasing Com
ittee have claimed control OF large majority OF
tbe bonds and supported by large financial inter
sSs 40 their purpose 10 get control OF the property
and e reorg1pze the Company il the interest OF the