New-York tribune., 1876-09-30
NE

surplus has been paid to the stockhoISo.sm m the
dividends of last April and July. They would like
TO be informed If the report current some time
since was true or false, to wit that the comrany's
books show the surplus earned for six months ended
June 80 to be less than one per cent on the capital
stock; and this was good time to have
done it, 1t will do no harm to remind the
reader that the coal combination was intact for
nearly the whole period Ito about Aug 2O) for
which this slight information is vouchsafed, and
that the results Of the decline in coal had had little
or no effect upon the earnings of the companyNp to
Aug. 81" The transactions in the stock to-day
aggregated over $4,000 shares, at prices ranging
from II l7s97296sls ls069ss. Delaware and Hudson
was also more than usually active, and declined
from 64a0G5 to G27s, rallying at the close
to 81. Jersey Central, after showing some steadi-
ness at the opening at 26llQ28l2, suddenly took
q lurch to 232i, afterward Tallying to 257s The
decline was precipitated by the announcement that
Chancellor Runyon had been applied TO for the APP
polntment of receiver for the company, and the
subsequent rally due to an idea that the Inten-
tion of the suit was for the purpose of repudatng
the various Endorsements and obligations OF the COM
pany on account of foreign corporations A careful
reading Of the complaint lends color TO this idea
but it must not be forgotten that such attempt
the part of the receiver (f one shall be grantcd)
will complcate matters 10 such an extent
that litigation would probably ensue that might
keep the in the meshes of the law for years
to come, Lake Shore was sustained Ia Read
ing, and only fuctuated between 53li053l2 and
5278a53la, with reported transactions of 25,O00
shares Michigan Central was dull, attracting but
little attention at 40ss041. 1t was quite the
fashion short time since for the street" to explain
the wonderful revolution which had occurred that
enabled the railroads TO make money, even at the
present low rates for transportation; but latterly
the idea is that the managers of these corporations
TO be held personally responsible for doing busi
ness at loss. Truly consistency is jewel not ap-
precated in speculative circles. The Northwest
stocks presented none of the excitement of yester
day. the transactions dwindling down to $500
shares for the common and 200 for the preferred.
Nevertheless the prices well sustained, and
showed a gain at the end. Erie attracted
attention, and declined from 97s TO 0G94.
Central aud Hudson was duh at 972i0979
97Ss. Other investments generally lower for small
lots Western Union and Pacific Mail offer no fca-
lures for comment The final changes from yester-
days last prices were as follows: Declines-Central
and Hudson and c., c. and l. c., each Isl Morris and
Essex, Il; Pacific Mail, 80; Chicago and Alton,
Illinois Central and Ohio and Mississippi, each Z;
New-Jersey Central, 0s; Erie, 7s; Delaware and
Hudson and c., c., c. and l., each 1l2; New-Hork
and New-Haven 2; and Delaware, LGckawanna
and Western, 3ls. Advances-Rock Island, Lake
Shore, and Michigan Central, each Isl Western
Union, Northwest preferred ard Harlem, each i;
St. Paul preferred. b; Atlantic and Pacific Tee-
graph and Northwestern, each Z per cent. The
following table shows the