New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-15
September 80 1877. so far az they have been re-
ccved by telegraph, compare with the figures OF

September 30, 1877, so far az they have been re-
ceived by telegraph, compare with the hsuIes oil
the previous year a follows:
OPERATIONS or THE BOSTON AND ALBANY RAILROAD.
years ending sept 80 Isze Ds 5 si Ies
hines 4ss949s 4CSiol5 Inc. 9sl577
Neteorntnrs s57O5.S2j s3og6582 Dec. sGOs,7is
According to these figures in order 90 pay an
per cent dividend after the payment OF interest and
taxes-which IN $50. amounted to Ti9O955 and
$3.50. 90 respectively-the companys former sur
plus was impaired TO the amount of S3l2,OOl. But
the notable feature OF the report is the increase of
S2S4. ST. IN operating expenses against decrease
of $50 ,161 IN gross earnings. This proves .
the correctness of The TmBUNE's frequent assertion
that railroads haye been reducing their operating
expenses by neglect to repair This neglect sooner
or later tells upon bank balances floating debts,
if it is not shown in subsequent reports by greater
charge for operating. The recent reports of the
Baltimore and OHIO the reports of the Pennsylvania
Railroad to September 80 those of the Michigan
Central to late date, and this report
of the Boston and Albany all before the public.
and all show the truth of The 1RIBUNE's state
ments Each Of these railroads has received MS iul
share of the benefits derived from the July combna
ton. Now, if the Central and Hudson, and Lake
Shore Companies are exceptions to the general rule
and alone are showing an Improvement, It
must be conceded that they are favored oy
special providence. But if they are really
showing an Improvement, what IL the
reason for the strict orders TO auditors and other
employees not 10 allow word OF information
IL escape from their respective offices II - not 10
be supposed that the executive officers OF the com
pqurs have either the desire or the ability 10 ouy
500 600 900 of Central and Hudson stock and S3O,-
600 900 Of Lake Shore stock to say nothing OF the
t.,r1 Of fnt yvO HuT they
are heavily enough interested to wish t. the mar
ketpriccs Of he securities well sustained. Hence they
haveeverv motive induce them to furnish favorable
information if there any facts on which TO base
IT, and the questions are certainly pertinent Why
do they pcrsstsntly refuse to comply with the rea-
sonable request of the Stock Exchangc' Why are
the comparative weekly earnings Of these two roads
sealed book to all, save the head clerks Of the
Stockholders
IN tie stock market to-day. the upward move
meut noted yesterday was continued, with varied
succ ess. Prices generally were much higher but IL
was evident that the market lacked snap
and vigor The movement probably was cue
entirely to a combination Of second-rste and
thIrl-rate operators who thought that. after
weeks steady decline, there was far
opportunity to make turn Of 2 or per
cent on the accumulated short interest. Michigan
Central was the special fayorite and was rapidly
moved from 80 20 Ola although IN closing
at only Gill, it was exception to the
general rule of the best prices at the end
This advance was not without lts ehaci
upon ether stocks Lake shore in selling only up 10
6194. probably disappointed the manipula'ors, but
recently there has appeared to be some of tins stock
for sale on every rally. The Granger stocks II.
Paul and Northwest, both common and preferred,
were freely bought on "a rise averaging about l per
cent Tie receipts Of wheat, however, indicate
smaller earnings for each road. This rise probably,
was sutncieut nearly TO close out the " shots IN
these stocks. Chicago and Alton rose to 73l2a79.
and Rock Island after being dull and heavy al day
M g93ta9gl2 was suddenly marked 90 lOUi2 lu,t
before the close here was more for sale al that
price than was taken.
The coal shares after exhibiting no LITTLE hesitl-
ton during tLe carly hours and even declining in
spite f che general tendency of the market 81; last
responded 10 persistent bidding, aud ~ was re- |
corded for Delaware. LackaWauua and Western /
and I3l2 FOR Delaware and Hudson. The opera |
tors ln these stocks la-- in the day, had AT the ap-
pearaHce Of drive forced by the uecesstle, of the /
position. Prices other stocks were MP but there
uo mark @. che coal shares were supposed 10 DEE
acting ls drug Western Union was another lag |
gard and refused 10 above ~ after selling down
% ISL Jus, 40 the last moment DO was jumped uD |
% 79lf The market closed with every indication !
of opening tomorrow with general advance which /
may afford favorable opportunity for those who /
Weg. left long on tie last decline to realize.
RANGE OF TIE STOCK MARKEL