, 1880-03-19

The ri'1laoys TINT have huen aflont about a
scrip dividend by tho Louisyiile L NASHVILLE
Co1npnny tuke moro tletlnlt shape In the semi
o!c!hl announcement TINT tho managers Of tho
1oniaville Il Nashville itallrond Company pro-
pose to Il,crcasu tho cApltnl Of thcir road from
9v.o0oO to go coz. .00o. uad To offer the $ll,oOo-
o0o additional stock to present holders at 60 per
cent. This will glso tho Company &5,6O0000
cash, with which, II Ia sA[d, thoy propose to pay
or tho 1cbcntures. II the cnpItal ID iuoruuscl
tho Company will my per cent dividends Of,
tho now eupital, aud the trfio returns show
mat they are now caril!ng about 1e per cent on
tho s8,UU0 900 cnpitnl.
Tho General Manager Of tho Missouri, Kansas
d Tex.!s makes report which shows tho gross
cummings fur lB7v to hive been $JJf4 ~. aud the
met enrnEngs $l,043Is0s. The incrcasu In eross
earnings over 1873 WIS $as ,8l0, and In net cnyn-
1nga <8Sa, a,&N Tho not proceeds show u gain Of
$'ll,u1 CAREFUL attention hux heen given to
tho condition OF tho roadbcd, bridges. and equip
mCnta The Co,npM,y disposed OF 81, ,Hl2 utrca Of
lund during tho year. There was fnlltps of In
passeuKcr ehrninRs, owing 10 decreased c1ntgra-
Lou to TtxRs aud luwGr r,lteA to Kallsns puluts,
INC freight earnings Increased bcnyIy during
tue last SIX ulonths Ut tho your. The report Ia
coInplete and III overy respect most satisfactory.
Roads that do IN oil buslueBs expect SOON to
show heAyy Increase Of receipts, Iutes tor oil
are to be rMaetl to S0t per brl, md tho profit
from thls arrangement ts to 70 into thu trcas-
liries Ut tho New York CentiAl PENNSYLVANIA
Central. NGw Jersey CGntntl, lteuliug, aud Eric
Companies. The highest turtf for tho trplla-
portAtion Of oil WIS formerly Sla6 per brl, to
which figure Il is intended, step by stop, to raise
tho turiH Nguiu from tho lBo nor br! to which IL
has lately tlwludlcsi.
In ono-thlrd OF tho present fiscal yenr the Erie
has earned, net, sl,07130i. or only els 4G@ ,more
thnn one.thFd of tho year'a fixed charges. Ttese
nse $j.1i.:4i for Interest aud u.s. fur ro,lt-
all, etc.
Tho stringcncy Of money and tho depression
iu prices AFo regarded by thu New York ,g0YiJ
As purify strategic. II dtelurcs In its financial
nFtscle ct TueslAy thut the quotations OF l.;g to
= bonus for lonas tAcEo wushcs unQ ynys that
thc great effort Of tho day wM& to buy uhIos ut
the decline aill to dtpress FacIflc 5inl to point
where purchases wolll bu casy IT, nuke.
At FhsiadrlphkA tho tlaney, market opened
easier this week, According to ths L<4ixr. It
enys money IL within easy rrueh fur locul aud
Temporary uses. In general BUSINESS paper tho
rate holds steady, the bulk Ut tho transactions
being Ut Ald per cent.
I'll nosloh tho money market IL reported
Oh quite tlrtu. under 1aIr but not
pressinR demand During tho pust week
the bt'1ks have nude Quliu u tnrxe luesua4u In
tholF loas.' perhaps u million and q half, and
trellchel upon their surplus soscryv TO tho cx.
tent or a Quartcr of il tntttion or mars.
The EaIlAay u1it' fuF tho tirst weck In Atusch
shDws M increase Of $sg76 Oh thu Ntw York 4
New England Iio4u, s3J,645 on the Aschso,i,
Topeka santa Fe, aud es8.22a8 On tho lrpn
Mountain.