New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-07-30
prPoRr n. r. MINING STOCK E4-
cEEIeiAI ,tsxeE gALES. JOLT %. 1873
MONDAY. July 29-P. NJ.


.;.oa only short time this morning for the
n,,,np Of advancing prices to clear the stock
bs al every yesiige Of mushroom bears y
BIZ, sa. hetween the figures of ~ and 42l9 for st.
.s-,u,on. II and 7Si2 for ST. Paul preferred;
f-.etrss for Northwest common, and 75Ss@
-, Northwest preferred. The effort to sell
~ s1ors and Erie during this excitement proved
faaure. the first named stock dropping from
~ a2ls on an unmpOrtant amount OF bust
and Erie from ISIS to 17Ts' with many
p,..,ions reported as being made. After the rush
-, - already referred to- their prices at first
49, and rallied several times before the break
s,rr5 which carried st. Paul common to $50
~. the preferred TO "a, Northwest common TO
oosqsgs and the preferred TO 69070ss In the
,ire Erie had been rallied to 1sl2, only TO sell
sa.I,v Of 17ss: and Lake Shore, after selling again
- csio. declined 10 61l20G19I- Western Union
- a. q37s rose 10 94l4, and then sold down to
s5,.aq2ll. The stocks already named monOpo-
"a tbe business in 2O7 100 shares, out Of the to-
,lof 2o,2i2 for the day.
a. tbere are indications Of renewed activity in
.,bsy stocks which lately have remained in a state
= .omaolence. Referring 10 an advertisement in
...sbor column. addressed to the bondhoders Of
4. various roads forming the present Wabash
p.;.ooa Company, we are reminded that because
= ,ss Injunction issued last May" the $4,000 of
:.,.,.st which was due on May ], remains unpaid,
"a that there will become due on August
est s25 additional interest the first mortgages
Tke. faets make the business of the company for
a. last six months of peculiar interest, particu-
y A e is one Of the first of the reorganized com
,apes which has approached the time for beginning
npay its fall interest. In April of this year the
company issued a statement of its business
Gar tie first three months-tO March 81
.souing gain in the net earnings
over The same time of 1877 of $164,459. In the
allowing statement the figures furnished by the
empany are given, except for the operating ex-
nnses aud net earnings Of June, which the COM
navy has not yet furnished. But these are made up
a TIE average OF the previous five months which,
I, TIE months of April and May showed an increase
a The percentage Of operating expenses, may be
,oasidtred as fair for the company. With this ex-
psnation, the gross earnings, operating expenses
lad net earnings OF the wabash kallload Tor I1e
sr months ended jane 80 may be stated as fol-
bws;
0peaaag cnses...-... i,55s,l65 l.5sas70 4O'4' .
Ne, ..rpipr....... s5o00o5 s6IG740 s1O.i4I
From the net earnings Of 1877 there is TO be de-
lltitd ipi ttAce anu lio"A@ii'' "a -''VoA ''N' ~
construction S195 ia total, p324,595. Dir. Cor
neau, treasurer of the company, testified in the
ts now pending that the charges for construction,
ID sadition TO operating expenses for the FIRST four
months Of this year, amounted TO $53,7O1. There
fire, assuming that the taxes and insurance Tor
ISIS viii be the same VI 1877, and that the con-
Eracti0n Wll be ia tho same ratio as for the first
hur months of this year, there Is TO be deducted
kDm the foregoing not earnings tho One-hah of
500 500 Tor 1877, aud Of S25J.8S2 for 1873 In
At following table the net earnings tor the SIX
u0Ells are gwen separately for each three months,
% show thai more than all the gam was made IN
&c iifst three and fiOm the totals are deducted
lee items # taxes insurance ana construction al
tsdy mentioned: