New-York tribune., 1879-06-05

The road of the company is fifty miles in length,
running from New-Haven to Willimantic, Conn.f
leased line of three and a half miles also ia oper-
ated by It, Out of the earnings Of last year 23oO5
was spent improvements on the road. Under con-
tract made July /. 1878. with the New-York, New-
Haven and Hartford Company, the gross earnings
of both companies pooled. The Boston Air Limo
Company receives as its share per cent Of the
gross amount thereof out of which it pays all its
own operating and other expenses. Under this ar
rangement the result of the business of the company
from February to May was as follows:
Gross earnings receipts s59sss
Operating expenses <o--V
Net earnings for three months. s346ia
The business in stocks to-day more than one
fourth less than it was yesterday, yet the dealings
exhibited quite as much feveri shness as have the
operatlons of the last few davs, prices being spas
medically weak OF strong. The trunk line shares,
however, were generally firm, perhaps because it
Ia anticipated that at the meeting or railroad
officials at Niagara Falls another peace may be
patched up Erie recovered to 27os, Lake
Shore to 75ls, and Michigan Central to THO
77ls; but Canada Southern was weaker. declining
to 57lo and closing offered at that figure.
1t was known early in the day that at the meet
ing of the directors of the Chicago and North-
western Railway Company, held in Chicago yester-
day. the regular quarterly dividend on the preferred
stock of 13l per cent, and a semi-annual dividend
on the common stock of per cent, were declared,
payable on June %; yet these stocks ex-
hiblted little strength, the common after
rising from 90 to 63as, selling down to
620s0627s, and the preferred stock at 959
95I,0943.. The st. Paul stocks, however,
after several fluctuations closed strong at the BEST
prices of the day. the common at 52ls and the pre-
ferred at 9O7s. These stocks were favorably az
fected by the reported increase in gross earnings
of the company of $5S,300 for May. The earnings.
however, for this year cover some 300 miles more Ok
road than did those for the year 1873; but mas
much as the road lost on Milwaukee business 4O3-
3O2 bushels of grain this year as compared WIN
May last year. against an increase on Chi-
cago business of only $500 bushels OF gram
and 3D. 356 barrels of -four it is suggested that tho
statement of earnings now may include charges ZOE
the transportation of the material that the com@
pany is using in the construction of Its new exten-
sions. The lower-priced stocks generally sho"
fractional decline, the exception being Wabash,
which advanced from 1913 to 374a31. lnvest-
ment shares were dull without material change in
prices. The speculation in the coal stocks was ir-
regular: the final sales of Delaware. Lackawanna
and Western showing an advance of ia per cent, OK
Central of New-Jersey IS per cent, while Delaware
and Hudson shows less of y per cent, Morris ana
Essex being steady. The telegraph stocks were all
lower; Western Union at one time selling as low rs
Il2i2 from which figure there was rally To 1854,
and final sales at 1888. Atlantic and Paclfc 500
at 4Ol2G40, and American District at oo2'
Pacific Mail was feverlsh, being alternately weak
and strong between tho figures of IL ana
1864, closing, however, at the highest price.
The bullion mining stocks were less active az
both Boards. and prices generally were lower. Az
the Stock Exchange, Standard declined TO $3.50
few sales Of Homestake were made at 39ll9393s
while Ontario was negle cted, the quotation ior 10
being 39li bid and 20 asked. At the Mining boiu,
the prices of the stocks that paying or expeee
To pay dividends with one or two exceptions wero
lower the impression being that some OF the ohoe,'
connected with the companies think the recent au-
vance had been too rapid, and therefore are pi'-
pared to see IA small reaction.
The general market closed feverishly strong
lHE srocK Market
Asrep0ried bg the GOid and SIsck hleGrIpH CDmpI"E
-ActsaI saes.---Closng Bijs shares
op'g Hlgh T. Lew T. Final Bd. AsN'i oo'u'
AID. & sus.... W ,oh :.