New-York tribune., 1880-02-21
rnIrn cALIr-2::3O P. ".
FRIDAY. Feb 20-P. NJ.

The stock speculation still fails to move with per
fectunanimity although to-day there was less diver
sity than there was yesterday The further advance
Of Western Union to 1888 the continued strength of
Lake shore. which carried It's price to 1O7AG lO7's.
and the recovery of Michigan Central to 923lG02Ss,
cxerted a much more salutary effect the general
snecnlation than did the al vance of Nashville,
Chattanooga and st. Louis to 10334G 1929, or
Louisville, Ncw-Mbany and Chcago's =, jump
of per cent TO 100 ON sales
amounting only to 422 shares. The coal stocks
also were strong and higher, and the old granger
stocks picked up fractions with a far amount OF
business.
Uous.on and Texas was feverish, declining from
s39, TO SOL, and later recovering to 81. Some
satements have been made recently concerning this
nronerrv that will hardly bear investigation.
'rbr facts seem to he as follows: BY the companys
last annual report for the year ended April 80
1874 its bonded debt $l4,5S65OO: school
fund loan. $3i5, ,495; floating debt, $2.773,550,
I.ss clsh aud bills receivable, S353,302-
NOT floating debt, $2,420,297; total debt,
etz 221 2S7 OF the floating debt
understand that since May last about
:, 800 600 has been funded. The annual interest
oo the whole debt is about Sl,3OO.0OO. The
,,o,,tl,lv statements OF the company of its gross
earnings and expenses show that for the twelve
months ended December 81, 1879, its gross
earnings were $3.20J.6S5; operating expenses,
~ 377I leaving net earnings OF 81 ,43l0l4, or
obont Sl32 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 entire amount of the hoatlng
J.ht and of its income bonds must
be paid. 1t is not true, as has been
stotcd that the company's line to NewOrleans will
I1,n.n Ntratr 10 nAf IL
inC nor is II interested IN any line beng
built. to New-Orleans. But sometime
during the coming summer road Wlil
IA" comp.oted to NewOrcans. formed Oy
tine conuec;lon of two or three distinct companies,
with which the Houston aud Texas VIII connect
We give this information IN reply to numerous ~
uurles as to the correctness OF s'a'emehis "h'oh
have been made elsewhere.
Erie was comparatively dull to-day and only
rallied to 1850 ST. and Cana4a s9ntheIn h was
weaker with sales down to 6S96el2. Ihe Iahhl-
M'N tin,d ~ Ioseph stocks stronger,
Int the Wab sh and Iron Mountain shares
were lower 81. P1Tl am% nnpponW 9,ouT nroposcs y
to Increase its capital stock, Tor tde payment
for conucrtirg roads recently purchased DY an issue
nc ohont gI 600 COO each of common and preferred
stocks Ohio Central was not as strong deoahing
to 0Ga, ,a27 aud Peoria, Decatur and Evansville
,vos dn,l at 23l2a2I. The last named company has
givcn notice to the Stock Exchange OF It's IN
tontiou TO increase its capital stock by
nm issue of Sl,500OOO. making the
tota! stock S3 800. 0O0 The new issue Is IN part
way. from Mattoon to Olney. ILL., The market closed
irregular but generally strong
The final changes from the closing prices of yes
terdov are ms follows Advances 90 Erie and Wells,
Fargo & Co.. each ls ; Northwest preferred, llous-
ron and Texas Peoria. Decatur and Evansville, It.
Paul and Sioux City preferred, and MOntauk Gas
Coal each Il 4: Lake Shore and American Express,
each 81; Northwest, st. Paul preferred Delaware and
Hudson Louisville and Nashville. and Metropol' ian,
cach -; Hannibal and 81. Joseph preferred and
Michigan Central each os; Chicago and Alton,
Hannibal and ST. Joseph. ana Atlantic and Pacific
Telegraph, each 81; St. Louis and san
Francisco first preferred, 7s; Albany and sus-
1nehanna New-JeIscy Central. Northern Pacific
common aud preferred, aud Ohio and Mississippi
preferred each / Reading, IL; st. Paul ana Della
ware Lackawanna and Western, each los; Morris
aud Essex, Ia; Rock Island, 2; g e., Z.
and l., 2l2; American District Telegraph,
| 27s; Western Union, gig; Louisville, New
| Albany and Chicago, o; and Nashville, Chat-
| timooga and st. Louis, per cent. Declines
Manhattan, Central and Hudson, and Ohio and
| Mssissippi each 49, Canada Southern. Chesapeake
and Ohio Marietta and Cincinnati second preferred,
| Missouri. Kansas and Texas, Erie preferred,
| IInon Pacific, and Wabash preferred, each
Ia: Chicago, St. Paul aud Minneapolis. Lake
| tre and Western, and Adams Express each as 1;
| Chesapcake and Ohio preferred, Limos Central.
| Mobile and Ohio, and Iron Mountain. each l2 /;
| Marietta and Cincinnati first preferred. os Chesa-