The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-31

account OF interest and $4,000 IN redemption Of
nve-twenty bonds.

GOVERNMENT B0NDs
Government bonds were nrm on an active bust.
ness. The following were the latest quota
CONSTITUTED states currency skies, 1l9X q 100;
do. d. 1881. registered. 1lox ll9X; do. DO. do,
coupon. 1lsH a 1lsx: do. hve-twentIes, 1852. reg
istered, 1l5H I15x; 40. do, DO. coupon, 1l6h q
1l5x; do DO, 1884, registered ll7K ll7k; TO- DO,
do, coupon. u75I NIX; do. do, 1866 registered.
I191. 1872 do. do, do. coupon, Il0x l10. do.
oo., do. new, registered, 1857 q l1SK; do. do,
no., do, coupon, 1lsx l1Sk; do. do. 1857, regis
tered 1l9ll hoy; do. d. do, coupon, 1l9k
1i9k; do. do. 1868, registered. Il9x q 119K; do.
DO, do, coupon, 1l9x 40; ten-orties, regis
tered ll6H 1leA do. do. coupon 11eH 116X;
do. hves, 1881. registered, 1l42s u 1I4k; do DO.
DO, coupon. l15T ll6.
RAILROAD BONDS
Railroad bonds were dull, but firm in the late
afternoon dealings. Central Pacincs brough. seI
and Union Pacific firsts 90. Union sinking funds
advanced from 81 to S1H. and at the close SIX
was freely bid. sale OF Burlington. Cedar
Rapids ana Minnesota frsts was reported at 49,
Wabash seconds advanced to 63A aud st. LOUIS
division to 59A.
BANK SHARES AND SOUTHERN BONDS
were comparatively neglected. The latter are
evidently obedent to the uncertainties which at
tach to the political situation, and 1t IL not ex-
pected that any important movement will take
place In them until change occurs that is caIcu-
lated to elicit confidence.
MEMORANDA
The directors of the Illinois Central Railroad
Company announce a more satisfactory net result
from the trafo In 1874 titan for several years pre-
vious. Interest on debt and dividends OF 8 per
cent on shares have been derived from trafnc.
The net trafic was So. IT'S 1892 balance interest &C
count, $413,610 20 dividends, S. 1856 533 80; leav
ing to credit OF income account. $19821s. This
concludes the nrst year OF working freight south
by rail from Cairo. The bulk or the freight from
Cairo Ii directed by rail-, and ID leaving the river.
The Southern lines scantilY supplied with roll
Ing stock. In spite OF all drawbacks the traio is
gaining Cairo Is now the centre OF an established
trade to and from the south, chiefly tributary to
our line, which is more direct than any other. The
advantage Of this rail communication over that
by river has been marked that the future OF the
New Orleans lines seems well assured. The pay
ment OF the redemption bonds, which mature
April 1. has been provided for by the sale OF
$500 900 OF twenty-year bonds bearing interest at
six per cent. Five thousand tons more OF steel
rails nave been purchased, making 10, 900 tons to
be laid in the spring. The wOrxing stock of sup
plies, including 5000 tons OF steel rails hand the
3lst December, was 81, 1882 o. The cash assets,
$780, 74. The debt OF this company on April l,
1875, will be $2,5OoO0o. six per cent currency
cent sterling bonds. due In 1895, and $685. 400
ts4,7sz,OCo i've per cent bonds, due in
1908; and 1t holds $4,s42OOO or New Orleans.
st. Louis and chicago railroad bonds
to Offset the five per cents. The
amount OF share capital and six per cent DEBT is
$34, 900, 000 At the close OF 1854 the sum OF the
share capital and the debt was $34, 200 ITO. Mean
while $6,489 $50 has been added to the property In
outlays on the road and plant The annual meet
ing of the shareholders Will be held the last
Wednesday in May. The general balance sheet
shows Permanent expenditures in Illinois ana
Iowa, $50, l65, 800; working stock OF supplies,
$1,u7,s92; gold bonds Of New York and New
Orleans line. assets in sinking fund against
Illinois Central five per cent bomb, $4,s42OOO;
cash assets, $l.s4O,574 So; miscellaneous assets,
s44e,05s s0 total. $44,5ll,s26 81. Shares,
$2s, OOO 900; bonds. $9,s42,Ooo; surplus exclusive
Of O65.s5 acres OF land and $1,OO1 500 49, land
notes, $5,473,60s II; surplus income OF 1874,
$196,21s 70. Total, $44,51l,52o o.
AS part OF the process OF resumption the fact
may be noted that bill has been introduced In
the New York Legislature "providing for resum-
ing specie payments IN New tork on and alter
January l, 1879, by providing tfat the State tax
shall be collected in gold, gold certificates or
national bank notes redeemable In gold. and all
contracts payable in the State, but not in specified
currency, shall be paid in United States CON-"
The bill Is with the Finance Committee.
The President OF the Toledo and Wabash Rail-
road officially announces that, owing to diminished
earnings and its floating debt. the company is I'M
able to meet the interest falling due February l.
The Hrst mortgage bondholders are asked to fund
one years. coupons into funding certificates bear
Ing seven per cent interest; the Decatur and
East ST. Louis bondholders one and q half years
coupons; all other bondholders two years. cou-
pons, and the floating debt creditors are asked
to extend their debt twelve, fifteen and eighteen
months, with interest semrannually.