The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-21
WALL STREET GOSSIP.

THE REPORT OF THE DELAWARE. LAcKAwANSA
AND WESTERN RAILWAY PROPOSAL 10 RE-
DrcE COMMISSIONS IN THE REGULAR BOARD
The telegraph question and the coal stocks iurnished
an unlimited subject for gossip yesterday morning,
and the Wall ana Broad habitues turned Them
inside out 10 their hearts content When the Board
first opened there was a strong bull movement IN
Delaware and Hudson and Delaware and Lackawanna,
but close examination OF the reports OF those COM
panies had weakening effect on The prices Of their
stocks. prominent broker called attention TO the
400 Boston, Hartford and Erie bonds that figured IN
the statement at ST. 25I 26S 49, the market showed
that Boston, Hartford and Erie guaranteed bonds
had been offered ut SIS for tho past ten days without
finding any buyers The New York and Canada Rail-
road stock, estimated IN the report at So 597 0s6 81,
also the subject Of comment as, considering IN the
last report tho earnings Of the road were placed al
So o0G, not sufficient pay the interest on the bonds
it became subject OF conjecture with many how Tho
stock could be worth tho price ut which It figured
There were number OF other items IN the account
that suffered rather severe criticism, and, conhden OF
the accuracy OF Nor calculations, the bears sold the
stock down 10 53ls OF course there plenty OF
operators In the street who felt equally cohhdcht OF
the stock going 10 par affirming prices could not
always remain so low, and the company really
owned the finest coal lands in Pennsylvania, the time
would come when the stock would again reach hsn
figures
DELAWARE AND LAcKAwASyA.
The annual meeting OF the stockholders or the Della
held on Monday afternoon and IN consequence oil the
excited condition OF the coal stocks u was deemed pru
dent 10 prepare statement Tor public scrutiny lho
following officers were elected 10 serve Tor the ensuing
year --Prcsdcnt, samuel sloan; secretary andrew D.
Odel treasurer, Frederick H. Gibbons Managers-
William n. Dodge Moses Taylor George Buckley, John
l.. BLAIR, Simeon H. Chticnden, John Bra6n, George
Bliss, Percy II. Pync, William Walter Phelps, James
Blair, Wilson S. Hunt, Marceus Massey, Alfred L.
Dennis ana Benjamin G. Clarke There was quite u y
large OF stockholders, and more than hall
the stock WAS voted upon The following statement OF
expenses earnings the previous year was SUD-
mItteu to the stockholders:--
Rerenue, 1876
Net earnings from all sources 81 1901 40
Less interest Oh bonds and rentals Oh all
leased lincs..... .................. o'@oo'ooo w
Balance net income. .................. SI2l,S24 w
meetlng-
Condensed Statement Dedicdre Lachdwdnnd and Vest
ern Kdiroad Company, January !, 1877.
Capltal STOCK S%os soo wv w
Funded debt
Convertible m't'go bonds. 81 ,633, Geo 90
Convertible bonds. ....... UOU, 900 W
Lackawanna and Bloom.
bonds (assured). 5S7, 100 W -
--- $780, 100 90
All other liabilities incud-
ing interest and rentals on
leased lines up 10 January
u 1871. 81, ZSl, 0O -
Less cash on hand, bills and
accounts receivable, coal
or hand at cost and cash
advanced on coal 10 be de-
Itvcret.. 3,4Ol, 24O "
Balance oil liabilities SSO3l5 10
Surplus preserved. Observation-Disclosures. 5,213 4S7 IS