New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-11
hn.iness Of tlle company for the years ISIS and
GROSS EARNINGS.

II will be understood that the foregoing covers
only the onerations OF the New-Jersey lines, and
does not include the leased lines situated III Penn
syIyania In 1878 the business of all the lines not
included in the above was: Gross earnings
81, 047 500: operating expenses, S06O'ooi; net
earnn gs $9S7015. Against these net earnings
however. the rentals of the same line amouhteu 10
about 800 coo, so that the net profit to the cen
trail of Jersey Company was less thah
$3OO0O0 IT, for the sake of our estlmaie'
we double the profits from the leased lines IN 1915
and call it 100000, and add that to the net earn
ings of the New-Jersey lines the net earning apph-
cable to the first charges for 1879 will be estimated
971 $50 As all the funded debt of the company
executing 5000. 900 Newark branch bonds bear
per cent il follows that the full interest charge
against earnings is over S2,700000 per annum, or
more than 100000 greater than The liberal estl-
mate above made of the total earnings f0r 1919. ,
The stock speculation to-day early developed
weakness and there was a slow decline Tor prices
generally. AZ about o'clock II Wa reported thaG
the Treasury had accepted 81 600 600 of bonds ana
a sharp rally followed. but when 1t was learned that
orlv $1,000 900 had been purchased, prices
again declined, and this time rapidly 20
that. M almost every instance, the nnai sales
were about ihe lowest Of thc day The par
driinrd I'm It3,74f7s Wabash preferred, which
fell 70 Gsl2. and common stock with decline
10 lilo, Iron Mountain with decline TO 6Oi5
a6O9l ONO and Mississippi common to BIS,
Missouri. Kansas ana ltAlStO 1iu ~ 'tF'
LackawaHul and Western to 923s, ana jersey
Central 10 81. The remainder Of the list was les
active than the stocks named, bnt was none the
lcss weak. excepting The shares Of the elevated
railroads. which were exceptionally strong The
marke. closed excited and weak
The final changes from the closing prices yester-
dav are IA follows DecliuPs-hetropohtt Ele-
waited. OHIO Central and United states Express.
each If Chesapeake and ONO and American DIS,
trct Telegraph. cacn b; New-f0rl Central
and Hudson Rome. Wateriown and tglcns-
burg, -. Paul and Sioux City. It LOUIS
American Express, each -; Chicago, milwaukee,
and 81. Paul preferred, Lake Shore and Michigan
Southern and ST. Paul and Sioux City preferred,
each .. Central Pacific aud Canada Soutilefn,
each 81; Chicago and Northwestern me!errei /,
Chicago Milwaukee and 81. PHl, hannibal
Wabash preferred. eaca Is; Chicago and North
wes.trr. Northern Pacific. Peoria, Decatur aud
Evansville and St. Louis and Sfl Francisco, first
preferred. each Marietta and Cincinnati second
preferred, and Mobile ana OhiO, each IS; Lake
Ere and Western, Marietta and Cincinnati
rio and Western, Union Pacific and Western
Union Tel, gTarh each u; Chicago, 81. Paui
and MINNEAPOLIS. ONO and Miss .sslppl pre-
ferred and Reading, each ~; Hannibal aud
St. Joseph prelerred, LodisNhie ana N"siViIe'
S. LOUIS Iron Mountain and Southern. and Allan
tie and Pacific Telegraph, each 49, Delaware,
Lackawauua and Western, Illinois Central ana
Enc preferred each Is; C., C.. and |. G., Michigan
Central and Erie, cacn . Houston ana IcXa5
Central 2If New-Jcrsey Central, 2l2; Pacihc
Chattanooga and st. LOnis, 3 per cent. AdV2hcrS-
It. Louis and san Francisco. Il; Aew-lork Lle-
waited, 81 and Manhattan Elevated II pei cent.
sANcG Or THE srocS a,s<gL
Afrportea ID us G,ti anil Sio:s IeisaraDA CcnDen&
trfu GlsSug