The New York herald., 1875-10-16
WALL STREET NOTES.
THE GOLD GRABBERs AT woRK-ASorHER RAIL
ROAD IN TROUBLE.

THE GOLD GRABBERs AT woRK-ANorHER RAIL
ROAD IN TROUBLE.
The stock OF the Pacific Mail Company strong
yesterday Doubts as TO the accuracy OF the recent
statements made concerning its financial condition con
tinue 70 be expressed one Of the stockholders, in
conversation with HERALD reporter to-day said
'tha all statements the contrary Notwithstanding
the company continually doing losing business
How Is IT. = he added, "that corporation which buys
everything for the OF its ships three or four
months time and collects everything due II in cash can
be making money aud still have its bank account con
stantly overdrawn both al SAN Francisco and
New York; Since May, 1873, the officers
Of the company had several times made partial re-
ports intended to show that the company was doing
prosperous business, the fact Is that they have
pended 81 500 600 Of former assets ana increase Of
lahiltes-whe the of the steamers built would be
only about S. 500 OOO-and now ! ask the question
where has his Adherence Of 81 900 900 gone II not 10
pay the actual losses upon the busincssY In regard 70
the new Australian line there could not be much bus
between California and Australia while both coun
tries are the producers Of the same commodities"
LAKE RAILROAD
Yesterday was strong under active covering OF the
short interest in IT, One house alone u sad bought
over 90 600 shares Commodore Vanderbilt and his
friends understood to be the sellers o the stock,
and these latter gentlemen are now investors IN the
Michigan Central and Canada Southern railroads. The
brokers and put and CALI spectators are now taking
in this famous security, and II Is left TO the
wREcKERs on THE DARBARY COAST
to fix the price OF the stock.
The gold market strong from the causes already
noticed in this column. sale Of $700 900 Of the
called bonds Of 1868 made yesterday by Mcssrs.
Won Hoffman TO the representatives OF the Syndicate
for which the gold comes Immediately upon the market
but Notwithstanding this, the price advanced to III
ANOTHER RAILROAD IN TRoUBEE
An adjourned meeting Of bondnoldcrs Of the Indiana
polls Bloomington and Western Railroad Company
held to day at No 20 Nassau street for the pur
pose OF hearing the report OF the committee appointed
% examine INTO the financial condition Of The company
The meeting organized by eectng Mr.. Sumner K.
Stone chairman and Mr.. Frank Shepard secretary Mr.
Crane, chairman OF the committee, then read the
port. stating the committee had made every exerton TO
discover the true financial condition Of the company
and The extension, but they had met with only partial
success the earnings or the road and extension had
not been divided separated but that the receiver
had given them the following figures the earnings
and expenses of the western extension from December
l. 1874 to June l. 1870
Gross earnings. $S2 9sl
Expenses ..-.-................... 1910
They attributed these small figures to the tact that
all roads during the time namrd had been carrying
freights at losing rates. The report adopted
During an informal talk il stated that the earn
ngs of the whole road from December June last were
$72O 264 6 and that the Western extension
ing $50 900 per week than ii had done De-
cember to June last.