New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-07-06
SALES FROM % O'CLOCK TO CLOSE OF BUSINESS,
WEDNESDAY. JElY Up. ".

WEDNESDAY, July 5-P. ".
Afterthe Centennial holiday, the stock market this
morning opened with pyro;echnc display which
sent the prices for such "fancies" as Lake Shore.
Michigan Central, and Western Union upward,
something after the manner Of rocket. The sick
remains to be heard from. Lake Shore opened at
5S7s against the closing figures of Js3s on Saturday
last. but this may have been due 10 early micnna-
ton of the financial statement made at the meeting
of the directors to-day We publish the statement
in comparison with similar reports made for
responding periods of 1874 and 1875, as follows:
SIX MONTHS. JAN. l TO JUNE 80.
eros. lsiit s6S s15 s7 $50
'ts,'.s y..1o'@ 5cos29s 5is5Ooo 45oLoOo
Net carnings........ s3,O4S,2IO $l,i76oOO s.lO 90
Less Iarm,ats iGr inter ;
on guaranteed stock. sl,425OOo sl,S75oOo
Balance ...............- 49,. $4,000 sl,OJ5OOO
portion for sinking fund $4,000
Balance applicable to $50.
NOTE sum to pay per cen; on The I9 lJo.
500 common stock is s9S9,330
The report continues as follows:
During the past six months about 5000 tons OF steel
rails been substituted iron. The cost ot the sub
stu on an paid oIt OF current revenue, aud Is M
clUie IN the amount of expenses above stated BY this
means the lmI Applicable 10 such substitution spoken
Of IN the statement published on the ON OF January,
1876, r.m1luS untmFared. The Company has no uOat-
ing dcbt outstanding obligations m that nature.
Daring tire past SIX months the bonded debt has been
duccd $1,000 10y the purchase OF that amount Of bonds
lie naf years requirement for The snotng und, aud
compares with Isl OF January last as follows As
this da.t r36l=5,0o0; on me Isl OF January. le,o,
sJ625D,JJO. The road machinery, aud PROPERTY nave
been respects idy hahiluoadJ tLct lsG S,andId
Nher,uryu IL was resolved that dividend 81 tvo yer
cent pon the capital stock OF TIE earnings for 40
sN months ruding viii Janc 30 1870 he p'd % The lss
day o. August next, al the Office OF Mcssrs Chase At
Ans NO. Is Broad-st.. Ncw-Iosk.
The statement will attract attention as showing
an increase o. only $4,000 in gross earnings over
those of the FIRST six months of 1875 ,uotwthstand-
ihg the unofficial outgiyugs OF very largely increased
earnings from week TO week and month to month
since the LIST Of January, while the net earnings APP
pear to he $4,000, which shows a reduction in
operating expenses of $S7l ,0GO. or nearly 10 per
cent. This is certainly very extraordinary, and
somewhat suggestive of another large reduc-
ton OF the quantity of supplies on hand As tho
annual report for the year ended Dec. 81, 1875,
only reported tire sinking fund ~ flied up TO JAY
l. 1879. there shoUld be duo tOit $4,000 instead
of $l2J. 900 mentioned above. II Will DE observed
that the old story OF 1870 and 1873, namely steel
rails is still held up TO view The stock after Ssl
luz NJ 10 597s ON the reception Of the report re-
turned To 5o5sG5905s's. Michigan Central
opened at % against 513s ON Saturday, and sg.d as
52os, af,erward dropping to 5l7s&52. Western
Union started at 7l3s sold az 72l and closed az y.
These three stocks mouOpo.zel the business IL tho
extent Of G,,O00 shares out of a total Of $1,000
for the whole list New-Jersey Central was
noticeable for its weakness declining from
73l to 72l closing with rally of Only j per cent.
Delaware, Lackawanna and Western sold at 1000
lO5l24 1851. The grangers were neglected. the
market being so limited that 70 party ARE able 10
take care Of more than or two stocks at time.
Pacific Mail opened strong at 26'sH27, hnt quickly
sold off TO 26lsd 26ss, when it remained Gull, as II
in the hands of the sheriff, where good proportion
of it's steamers still remain. Ii is believed
that the Transit" party quietly but
| eflectually unloading their stock whenever
any one ants il at about - 0r higher. There Nere 10