The New York herald., 1875-09-26
WALL STREET NOTES.

ZEE NEW DEAL IN PACIFIC MAn-THE DIRECT
CABLE CANNOT coNsoLIDATE-AN ACT OF
PARLIAMENT FoRBIDs IT-BANK FA1LURE-
OHIO AND MISSISSIPPI RAILWAY STATEMENT.
The fluctuations Of the different securities will be
found recorded in the financial column The rumors
about Pacific Mail which depressed the stock on Fri
day as to an opposition line and also that their iron
steamers-Pekng and Tokio-had been sold were
found to be deceittul obbng for the pur
pose of enabling the artfu orignators of them to buy
stock AS evidence of this the advance OF Pacific Mail
OF nearly and onehaf per above Last nights
price is sufficient
THE CABLE.
AS II has been asserted that amaIgamation would
probably take place between the Anglo American Cable
Company connected with Western Union Telegraphl
and the United States Direct Cable Company the writer
yesterday waited the manager OF the latter company
for statement. Mr. 0lphant said -'You can au-
thoritatively announce that
AMALGAhATIos IMPOSSIBLE
The Anglo American Company have to pay over
third receipts rebate of f25 900 per an
mum to the Newfoundland company, and the French
company have pay royalty TO the Submarine
company all messages transmitted from England
America by its Bres cable. The direct cable on the
contrary is untrammeed will give you an estimate
of our company This is based the speed of nine
words per minute II supposes that the cable will be
IN active operation for eighteen hours of twenty
four during 300 days of each year 1t shows the fol-
lowing result on minimum tariff Of thirty per
word, allowing four cents for land lines:-
Capital OF Direct Cable Company 81 300 900
Working expenses ACKNOWLEDGEMENTS. 81 600
Net INCOME l3OOOO
about ten per cent capital 1t may be noted
however, that carrying messages for
twenty i've cents per word and do so, while the
Anglo American will lose money Now, as TO the talk
of consolidation, ''buying out &c. Let me show you
the articles of association producing the paper You
will perceive here that organized under act Of
Parliament, which expressly stpulates that We shall
not consolidate with any company whatsoever. The
only way you American hnanciers can get control Of
the direct cable is TO buy up twothrds Of the shares
and then quidate the company. You must under
stand all cable companies the children Of cable
manufacturers For instance, the Anglo American is
the result of the Telegraph Construction and Manten
Company, of the Nessrs. Semens, the
rival of the other cable manufacturing company The
HERALD appreciate the idle rumors Of the late
FAILURE OF A CHICAGO BANK.
despatch received saturday evening OF tho
failure of the Fourth National Bank of Chicago Mr.
r H. Goodell Is President but there have been for
time rumors unfavorabe to this institution 1T Is
said but little excitement caused by the announce
Inent of suspension.
ONO AND MISSISSIPPI RAILROAD STATEMENT.
The following statement was given forth of the above
road yesterday An analysis Will well repay the holders
of this stock in view OF the violent fluctuations has
lately underground
Months, March
10 June 80, 1875 Main Line,
Earnings Springfield Diu II Months Total
Passengers $39 e67 SO ST. O72 $50 AZ 81 112 354 "a
Freight. ~, 529 81 2,l6O6 672 OF ,233 POI So
Express. .... $3.50 90 5s O67 So 60, 957 81
Alail. ........ 5,742 As 115,518 80 12l, go 81
Totals $l2I 129 10 So 406 GA 46 3527 ia 16
Less transfers 323, ,294 81 323, 294 81
Totals sl2l, l2s 10 S. SoS3, $50 90 s3,2O4, 479 70
Operating
penses, in
cudg taxes sos 1858 66 81 242 610 65 So 34o 969 81
----------
Net earnings $22 III o. $40, 739 A *$S63 $40 4S
Operating expenses including taxes 81 565 905 OF
Less transfers as above ............. 323 294 81
Total. 81, 242 6lO is
Deduct paid-viz =
Coupon of interest mortgage and on de-
benture, sinking fund bonds S77o, 27S 30
Second consolidated mortgage bonds pur-
chased for sinking fund less discount. 25,29S rs
Debenture sinking fund bonds purchased for
sinking fund 500 900 less discount sink
ing fund consolidated Observation-Disclosures, IS 900 90
Mortgage bonds purchased Tor sinking fund 1900 90
23f OOO