The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-28
Railway Notes.

General Cabel and Mr.. Anderson have
gone out along the lineof the Texas Trunk
and will go rs far AS Kaufman, looking aftor
the final location of the road to that point.
They will return on Monday. In the course
of next week active work is expected to be-
gin in the construction OF this future great
line TO the sea.
There is nothing new reported from Dali
las, Cleburne & Rio Grande headquarters.
Among the material that passed west to-
day for the Pacific construction company,
were five carloads Of cypress telegraph
poles.
A New York special, of the 25th instant,
has the following items; 1t is reported that
the Gulf, Colorado & Santa Fe railroad has
obtained sufficient amount of money for
construction purposes to last until August.
Sales to-day include $4,000 Houston Il
Texas Central flrsts at l00sc; seven hundred
shares Houston u Texas Central railroad
stock at 8la82; $4,000 Houston & Great
Northern arsts al l02; $4,000 ditto seconds
at 75ls76t; $4,000 International seconds at
40; $1,000 Texas d Pacific incomes at II;
ditto stock 471. The st. Louis ~ Iron
Mountain earnings for the third week in
February increased $4,000.
The New York Herald has been giving in
Is money article some rose-colored views of
he Houston Central stock, and now we have
the Tribune's view of the same in its tinan-
DIAL article Of February 81
Houston and Texas was ieverish, decin-
ng from S3a to S2s, and later, recovering to
"a. Some statements have been made re-
Gently concerning this property that will
hardly bear investigation. The facts seem
to be as follows BY the companys last an
nual report for the year ending April go,
1879, its bonded iebt was $l4,5S6,50 I;
school fund loan, S3l5,405; floating debt,
$2,773,559; less cash and bills receivable,
$353,302 net floating debt, 81, 42O, 297; total
debt, $17,322, 2S1. OF the floating debt we
understand that since May last about 81 ,300,-
900 has been funded. The annual interest on
the whole debt is about Sl,3O0000 The
monthly statements of tie company Of It's
gross earnings and expenses show that for the
twelve months ending December 81, 1879, its
gross earnings Were SS,205, 6>5: operating eX-
penses, Sl,773.7 III; leaving net earnings of
81 ,431 ,0l4, or about $l32, 900 more than the
annual interest charge on the debt We are
further informed that before this company
can pay any dividend upon its stock. the en-
tire amount of the floating debt and OF its
iuNouiO uOuho liltisb NC paul. AZ ~ NV TRUE
"a has been stated that the companys line to
New Orleans, will be completed by MAY /.
The company is not building, nor is ii inter-
ested in any line being built, to New Orleans.
But sometime during the coming summer
road will be completed to New Orleans,
formed by the connection OF two or three
distinct companies, with which the Houston
and Texas will connect"
Well, if mot true that the company is
building line to New Orleans" it is trsc
that the Morgan heirs, who own seyen-eighths
OF the stock of the Central, arc the head and
front of that line. 1t originated with them,
is being built upon cir credit, and they ac-
tually out-and-out own that portion of it
which runs from New Orleans to Brashier.
And instead of being completed "sometime
during the coming summer, it will be faish-
ed and opened sometime during the coming
spring"
Eraiphfs