New-York tribune., 1879-04-08
THIRD cA11,-2:3O O'CLOCK p. NJ.
MONDAY. April 7-P. NJ.


ments:
The number of tons Of freight transported in
ISIS amounted to 152,477214O tons. AGAINST no.
a42S6lo in 1877. and 113.7sllhlO IN 1876 BENG an
increase of 5.5343l4O tons over 1877. and OF 81
Gg6I2io tons over 1876 Passengers carried ~
1875 amounted to 24,92l, against 22,IiO IN 10 .;
and % q4Oi 1876. bring an increase as compared
with 1877 OF 2Si1 and with 1876 of ,9S1; not
standing that the through travel between ;, NeW-
York aud California has been eNc,PllonaIy lE.it. ~
The movement of raw material 10 Europe anu 'ie
United States during the past year rs
worthy of special notice. The shipments OF
coffee over the road were 4l,oIO bags less tn$h III
1S77 and the shipments of cocoa lowing 20 fallure
of tie CROP fell off 55.543 bags. ON the other
hand the quantity of bark Transported over tne
road shows an increase OF 2O,33l bales ivory nuts
an increase Of 1859 bags, and cotton an increase
of SsOl baes-the increase IN the iast-naned
three articles compensatlng fully, b0th IN tonnage
and earnings for the loss sustained owing 20 b0or
crons of the first mentioned staple articles. Ihe
coniparativcy new trade that has sprung up IN
4aCnas or IVORY nuts and the constantly increasing
demand for them both IN Europe and America, ap-
pear, likely to furnish large revenue LOT tho ROAD
the quantity carried last year, l3LoVO DasS' Ueihg
eoual TO over l l 600 tons weight.
Concerning the diversion of new traffic toward the
South Pacific the report says: The shipments OF
merchandise. manufactures, etc, from New-1olk
were 9,7S4 tons IN 1873, against o'feu IONS ia ia
1877 being an increase Of 1904 tons, equal TO 81
per cent while the shipments from Europe were
IL 1913 tons in 1873 an increase OF Zo2' tons. Inc
sbipments from Europe and the United States to
Central America amounted 20 lG,53O tons, showing
y decrease from 1877 of .3O1 tons the natural
j Il
several large commercial houses" The report as
sorts that the traffic from Europe TO San Francisco
Victoria, etc. is showing satisfactory growth
and saws that goods be delivered at these ports
an les, time 10y the lsthmus than by way OF New
York .- ~.
road bed is report d TO be in good condition with
% miles C il laa with steel rails, and l,OoO tons
of rails ON the way from Europe TO be laid down
this season. OF the equipment, the motive power
is rep0r. ed unchanged, excepting that TWO IOcOmo-
tives were partially rebuilt during the year. ana
two were undergoing TeDars al the end OF tie Eeal
One hundred new boX-caIs were addel 10 lle STOCK
9ud charged TO expense account, giving the COM
pauV 800 cars in perfect running order, ana 80 yet
10 pass through the repair shop or the passenger
coaches fhe general superintendent saws {:
" Although our passenger cars are sulhclcnt
Al quantity they are ,ce''a,nS hoV uP 20 10
quality and ! again respectfully urge the recon-
1ucudati0n embodied III nv last repOrt-that you
should purchase at least six hTst-Class passenger
coaches Of modern style and construction, to be
used Tor hrst-cass passengers only, resorylng our
present cars for second-ciass ana emisraut puI-
poses"
The financial results Of the year compare with
these of OF 1877 as follows:
Opcratn. ck9,nses...... 4jo,979 585.5l4 Inc $3.50
Net earnings. sI53lI59 sl,5695l5 Inc sjsae3
iniOSest on debt.... s2o94Gs s239s99 Inc s3o4Sl
Sir3,' ioaa Gc2sraiaaat..... 10000. 25oo1o .
NCt surplus ltOtl,bn4 OJJ@O lbc f'r-
From his surplus were paid four quarterly diyI-
dend- OF 8 per cent each. together amounting to
$4,000. This leaves surplus from the earnings
The treasnrers statement. on December 81. 1878,
was is follows:
ca in hank a39 Panama "a ss 6SS
Jge I'm coa'rg Ines 6i69e$ Petty c9sn....... 90 il9
6uerm suGs iaSi 1868 Total. sll95346
DIawbacEs on Colombian prOdoce % 5gg {, y-o
l5tlu.us drafts Quo S+''V
,ieo775
Horf-Bssdes the above, his COMPANY holds steamship
property transferred 10 1t Isl leDrqay ISIS 10y me iac nc
MAJ ji & aontSg oSIfSy To- s9oG 6CI ssy 6o5
The bonded Indebtedness of the company consists
of 1883 per cent sterling bonds ot 600 each,
egual 10 f797 500 (about SO S77 ,3OS Of which
~ first 2 t.S0 are due m 1857 and the remaining
1000 ISSUED February l, 1873. in ten balf-yeary
payments Of 100 bonds each, beginning on 10Th Oc-
tOlcr Is /, and ending on ION April, 1SS9.
To meet this bonded indebtedness the company
has the following sinking fund;
lg5 Panama per Due to Panama R. r.
. sens sl7a255 SINKING fund. 7si'Ooi
cF.s i.slel a .l. .Gsi.sr,. .,ssar, I55SSS l55SSS
Total ........s73l 945 Total s73l.g45
The capital stock Of the company amounts to
$IO0O,OO0.
ike tugiaeeriag and Mining journal continues to
quote very quiet market for anthracite coal, and
at even lower prices than the average of the Scran
ton sale. and remarks that buyers are still looking
Tor lower prices yet" The sale this week Of JO
600 tons by the Delaware and Hudson Company
;s seypected 10 demoraize the trade further. The
letter OF Mr.. HOyt president of tho Pennsylvania
Company, addressed on the ID inst. TO the repre-
seutatives of the several interests with the view
OF bringing ABOUT " consultation to devise some
plan for securing moro Tcmuneratiyc prices Tor
coal was abortye, II It's ITS oblgg. td & were to
with the view OF increasing prices. Nothing
whatever bas been done, and nothing whatever, in
the form OF a combination, viii be done The fact
is the end IL already in view. The real, permanent
remedy effected by the natural operation Of the
laws Of supply and demand will bring about cure
sooner, perhaps. than Is generally supposed. be
fact that the Ponusy lyanla Company, that has no
fixed charges to pay and has large available sur
Plus, should take the initiative IN new attempt to
regulate the trade, rs significant. III the PennSyl
Yaua Company cannot endure the present
pnces for coal, how will those companies
weather the storm that arc heavily loaded
with the relics Of an inflated peIlodf The coal
corueIs suffer almost equally with the coal com
paucs. because nOtwthst anding that the output
from January to March 90 this year was 1921
100 tons against 2,742 93l tons last year-an in-
Crease OF 1884, l69 tOns-the tolls are reduced 10
meet tine reduction in the pnce Of coal lie Journal
says: The Lebigh Valley Railroad Company has
reduced It's tolls to 74c. from Penn Haven Junction
10 Perth AmbOy and 6Oc. from Mauch Chunk This
Will enable the Mahanoy ana l.eblgh 0per9 ors ,
compete, rather 10 send coal to this market at
prcos that must bring heavy loss to those OF any
The distribution by districts Of the output of coal
to March 20 this year compares with that Of last
year as follows:
1879
Wyoming region. tons 90. l.t4sses 2.@os.S5o9 ,5S945
lNhigh region, toni. .... 6G5.SjO 1OO9933 344O4G
bCiuylkin reg on 6l9,9~l l,49j,Z7l S75.2JO
sullivan TrgiOn, tons. 6.OJI 1884 1857
Total ltoas............ 2749,05i 4727Ioo 4,IC0
The stock speculation to-day developed a feyerIsh
tone that alternated between strength and weak
ness. The opening of the market a dIsappOInt-
mont to majority Of the operators because instead
OF being buOyant at an advance IL dull at a
Decline After that, however, more cheerful feel
ing prevailed when prices recovered, but the end
Nns clnIded hx ,,ric In