New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-23
25l1sOo I2oL45O


noticeable that the rentals and interest for 1876
~. Ted - 59l3 less than IN 1873, while the gen
-i.,.Iaec sheet sEowsa reduction IN the company
own bonds oI only $1,000, and % Is generally ana prop
sev correctly supposed that the rental Of the Morris
ord Essex Railroad has hetL increased by an additional
- f-. ,,Iidated r usr cent bonds. Howeverthls
nv l. f. D. certain there's as been no decrease IN JAe
,r.r.st "a, dividends guaranteed TO any OF the leased
roads Hence this point requires cNpanation
nee Sheet" as published. shows the stock OF
II. ca.r ny TO De now 900. against T23S79o'o
one o-ln increase OF S3Il .0o0, OF which $1,000
pob a. represented ~ Ie conversion OF tho, amount
of convertible bonds into stock The remainder
s.ooDIo. must have been SOLD upon the market
Tie bonded Geh. j. ~2.s2o.l0o. AGAINST r2r|l 100 ;
f.ti.- .ft. -t2~I.555 AGAINST G},J23D@5-ncf...>e'
frt $40. on the other -i'e Oh the account .Arf'
ar s,u.- wonderful changes go note Real estate asset
fr~u 10 $685. 35; "otEor property '-lnc.1dnr l"1
milo, OF main .fne - railroad owned by tn" company of
r,s...-st l.lu Io- m.,s is double track being total
OF Boz ., Of main track. 100 mites OF "Ac" D. .a'd
VIII . rails "a addition Jlars.o u owns over 90 mile"
Of later. railroads, 1913 locomotives 1890 coal cars
machine and cor shops. machinery and Mixtures 10000
acre, %. selected coal lands ign fee upon when the
irtg~......nl.ts cost @3.ouJoHO, with capacity
10 r..das. 100000 tons Of coal annually
~, a-aI1~4l~. and charges ana equipment" at
-:t1- 1880 365,agl!ust he geueraiitem as
,~r,.-to -- " tsaaccouut.' of - ,S7F'-
800 .u increase OF sf.GS5,5GO. Materials OLA nand
ar. u. REPORTED at u -0SG5O against Sil12Ii2 and
steel. ud bonds 81 -43o3.~37. aeans, $3,9O3,'"> 40
increase u .lc latter items 81 ~57~U"9 which mcT'd-f
t,r represents the item Advances 10 leased Alce.
s-l--ai- which appears in balance for $50, out has
uoa disappeared In the present statement the follow
ig- -t.u cash ON hand, bills and accounts receivable
col Old hand AZ cost ana cash advanced on coal 90 be re-
ccv.d are Jumped S4Ol 340 against, for 1870 cash.
So. SOS coal. S692.S-l; bills receivable S5J--'j,
and gee cunts receivable S3l51@Ji; total oi r'".o'-
GIL being 90 decrease i'm cash assets %! @lo6"3It I"''r
n-a.e- arp @ wonderful approximation to those which
r- tH. increased valuation OF other property
r.al .sta.c" Sc. 10 won De desirable 10 know what
,,,i.l OF the total ~}fOI.2tJ OF cash assets is
r.ur-,ot. by advances on coal Co be received Dee
cause II gt ar, c0rrect informed tl!s i'spl one way
O. saying. -a much 81 ra l'r Ea. Been laid -'f coal 4" ,
u. au have no market ior under contracts to when
rr,-..r. is made tAc following words IN in" report
"-,. ..uI,.lr also holds WJrr lease 20 low rentals
ov.r 900 acres Of coal lands" This knowledge would
boo. i. also because q - On item which l> fSrP 20
ciu &. importance Uut ID" consumption grows ZIP 10
t...uu.ly'. capacity" 100000 tons per unnam
FROM. 1"n lands.
q. ....rv. TITO company in April and July paid d'N-
d..i- OF ~ pep cent -seh, amounting 20 flti'4'0'
..t .ruia, for ja whole year. after doinc ing
faxes ana allowing ttl' jl rentals were reduced rlit
OK sven. Uu. -i--9ij ii ,g nC. cent on ifs capita! II
S.GuJIo8J Ia cI, ,i-- tae manage mont oi the COM
pa1f sar tak no advantage ~ the .ttcHenjs "AIr
have made its behalf. p" Wit, that iae dFI'-!-
-. Two quarters were paid without be.n- earned
and That nearly al tie Let profits OF tAr year had
ts.a earned slice IA brrasu- up of the nanti"a
and .bt consequent reduction ~ the price OF c11..'
Ta- .c t., July dividend was paid TUl TEIHlN. tay
ug1. reason for believing that during The current six
months lom Jan the company had earned bat snail
uof.u. of tl- per waIc was uad Tor men, hI
ua- hesitate % say ard presented ITS reasons. ANA
nov. after reviewing the meJcer figures furnished Ill
Hrss-- gaul ff To.