New-York tribune., 1879-06-10
THIRD cAIL--2:3O O'CLOCK p. NJ.
MONDAY, juno 9-P.M.

The recent sales and quotations at the Stock
Exchange Of the stocks and bonds of the Frankfort
and KOkomo Railroad Company have caused some
inquiry as to what the property Is, and as to the
ou1,uuts of stocks and bonds issued The Frankfort
and KokomO Company was Incorporated under the
railroad laws of Indiana November l, 1870
TO construct a line from Frankfort, Ind, the
junction of the Lafayette, Mmcie and Bloom
ington and the Logansport, Charlottesville and
Southwestern Railroads. to KOkomo, Ind. where 1t
connects with the Pittsburg, Cincinnati and ST.
Louis and the indianapolis Peru and Chicago Rail
roads. The road was completed in 1874, and is 26
miles in length, single track, with 2l4 miles of
siding. Ii IS bonded for 100000, or $7,7OO per
mile Its capital stock is $4,000 shares OF $50
eachl 5000. OOO The bonds bear per cent interest
per anuum, and are secured by a mortgage, the
trustee of which is the Farmers Loan and Trust
Company of NewYork. From the companys Off
GERS il j. learned that the business for 1878 resulted
as follows:
Operating expenses. Io,-yo
Ct earnings 1900
snrulns .. ......... ..-.-~........ s5,9Ol
For the first four months of the current year its
business is reported to compare Win that OF the
same time in 1878 as follows:
Jan. l 10 April 80. ISIS; 1872. Dihefenees
Operating exPensos............ 6,72o b79G Dec 952
Net earnings sl,405 sGG02 Inc $2i36
A more hopeful feeling prevailed in stock circles
to-day, which caused very general advance IN
prices. But the transactions IN majority of the
stocks were only to small amounts the exceptions
being Erie Western Union, Northwestern common,
Wabash, and ST. Paul common The five stocks
named contributed $4,000 shares of the total Of
15S 600 in all stocks, and were the only stocks
in which the trading amounted TO 10000
shares each Erie led in amount Of business mess
up 10 Oslo, with final sales at 2Sl4 Western Union
came next IN point of activity, beng stimulated by
the report that the COmpaDEs Executive Committee
today voted 10 recommend to the full bOar0 at It's
meeting on "Wednesday that II per cent stock
dividend be distributed, aud that quarterly cash
dividend on the present outstanding stock of ] %
per cent, instead Of the usual 4 per cent shall be
paid. On tins the stock rose from 1888 to 115ll
and closed at ll4s8 after sales OF 20, 600 shares.
Northwestern common, without recording any
better figures than on Saturday, was strong, and
closed It's best, g. s. but the preferred stock adj
'anced from Oj1s to 96l.a 964 st. Paul common
lDade 3 per cent advance 10 81 lS but ended at
SOS winch shows loss Oi ls per cent, the preferred
stock selling up TO 9l09O7s, making final gain of
o per cent. Wabash recovered sharply from 36l4
10 80, but in final sales yielded to 1913. c., c..
e. and /. opened up 's per cent at 1925, and
with only moderate transactions further advanced
T. 5llGj15s. Lake Shore was dull (sales, $500
shares and fuctuated between "a Is aud 7J3e, with
final sales at 1914 but Michigan Central advanced
- 7si2 and ended at rs an advance OF g per cent
Canada Southern sold at 81 (25O sharesl, against
bjSs Saturday. Hannibal and 81. Joseph III
hnal sales was 4 lower, but the preferred stock
was g per cent higher. Louisville and Nashville
lei u 81 but recovered TO 55Ss which Is IS better
than Saturdays last figures. Kansas Pacific de-
elneQ from 563i to 50 on sales of 700 shares.
Of the other lOw-prced stocks some were little
highei and others a tnfie lower; among the latter
Vlo ana Mississippi common was conspicuous at
10 aiier selling up TO 1888. In the investment
SHARES ntle on nothing done, excepting III Chl-
cago Rock Island aud Pacific, of which 1,9OO
shates we're sold at 1390139S4 Atlantic ana Pa
.IHc Telegraph Sympathized with Western Union
tne extent Of gam OF 81 per cent 10 1OSl, and
A4eIlGan District sold at G7U6S, an advance since
SATURDAY OF pa cent. Pacific Mail was less ac-
I'VE, Out ITS price Welded from 16l2O165i To 10,
.o'hg i6is asked and lGl4 bid, Bullion stocks ut
-. oVQeK Exchange were inactive and steady as 10
slce' but at the Mining Board a good business was
SSOae, Slth prices generally higher than they were
81 sue laitgI part Of last week.
4"' general market closed dull and irregular.
AAADL " STOCK NAgKKL
AaLaA.LA l. IL - - L - -.