The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-17

decrease, lSU.... l543S9
Here we find, with the exception of the ST. Paul
roads, that all the principal roads ought to be
benefited by the increase aud there Is con sequenty
cause for the advance in the price Of their sto cks
This increase Will not, however, benefit Lake Shore or
New York Central at present. and the advance
stocks is emily to be accounted for by sympathy with
the western fancies The Delaware and Hudson
shareholders committee issued report to-day
which, while contains some valuable in-
formation leaves the public still In tie dark
to many OF the vexed questions which
have perplexed the since for the APP
pointment OF a receiver The committee seem to
have entered into agreement for mutual admiration
with tho officers OF the company, as 1t is hardly pos
sble to otherwise for the fulsome duation
with which they bcdaub The who have compelled
the issue OF mortgage Of 10000, 00o The total def
cheney OF the leased railroad lines for the year ending
December 81, 1876. $685. 05 The balance profit
Tor the year gwen at $3OS, 02o The building
III this city now brings return OF about two and
half per cent on the Investment OF fixed charges
and income tho report says
Fixed charges. which include interest on bonds and
rentals Of leased lines, less than 81 900 900 annu
ally Applicable to these IS income IRON railroads
and all Other sources, except coal, amounting
1900 600. leaving to be met by profit coal deficit
OF rather less than 81, 600 600
In the first halt OF the year profit has been made,
Notwithstanding the low prices OF coal which prevailed
Upon present production average receipts OF SO per
ton would cover fixed charges, and all IN excess Of
that sum would be applicable to dividends
Upon q production OF $500, 600 tons average
rets OF 81 per ton would pay all charges and restore
10 the corporation its former prosperity
The cOmpany's mines and equipment are of a
pacty TO produce annually 1000, 900 tons OF coal.
Tho mortgage is alluded at the extreme end OF
The report in few words, in which the company do
not solve any of the difficulties which at present
felt by its stockholders to tho nature Of the
mortgage. ''Since foregoing report the Board OF
Managers has executed mortgage tor $4,000, 900
upon the company's property in Pennsylvania This
mortgage and includes the bonds OF 1894,
tires those due in November 1877 aud takes up tho
floating debt of the company-say net, 81, 500 600
leaving balance of 1000, 600 bonds which, II re-
quired to DO issued. will be the only addition the
present debt of the corporation, and will provide
means meet any contingency likely to arise before
January /, 1850, should there DO no increase in
Its current profits. which seems hardly probable"
The sales OF active stocks to-day aggregated 900 600
Shares which distributed as foows:-New York
Central 1910; Erie, 1139; Lake Shore SO, $50; Wa
bash, 6O0 Northwestern 750 do, preferred, H. 600;
Rock Island, 1850; Milwaukee and ST. Paul, 1850;
do. preferred, HOS; Delaware, Lackawanna and
Western, Is, 200; New Jersey Centric GOO; Delaware
and Hudson Canal, 10; Morris and Essex, $500;
Michigan Central, 25,o50; Illinois Central, 1910;
Hannibal and st. Joseph, 900; do. preferred, 1ooo
Uhio and Mississippi, 5000; Western Union, 3D. l15;
atlantic and Pacific Telegraph, LOIS; Pacific Mail,
Express. 49,.
HIGHEST AND LOWEST.
The following the highest and lowest prices of
etnc he IN.