New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-12
gmount already subscribed is

..a,.d that the amount already subscribed is
sar,ely in excess of tine amount OF STOCK that Is
ssAsred The contracts which the company has
sna1e uivc promise of making this new enterprise
an eminent financial success rs wen rs aiordng 10
he public travelling accommodations accompanied
w A. tbe meeting Of the Eoard of Directors of the
Wabash Il. lous and Pacific Railroad Company
todaY the president oil the company made a brci
abatement Of the business of the year. This
shows Inc drawbacks which the company sui red
last year. among which were; he partial dcSirGc-
fiop Of the St Charles Bridge entalllng losses cS
t;ma.e, ut 800, 000 the failure If the
Omah3 branch to be rcmunerltivc for The first four
months al The year, because of the difficulties in
oneratiua Il new road in SO open and rainy q season
rs last winter and spring Was loss 10y delay III COM
pleting the new line into Chicago, because Of he
opposlfOn OF competing companies and the fact that
he earnings OF the first four months OF
1880 were hardened with many contracts al low
rate. and many rebate charges which grew out of
the railway war of 1879 The companv's man lines
are LAID with steel rails except few miles, the
total OF steel rails being more than Loo miles.
The opclati"g expenses for 1850 amount 20 about
81 pei cent but President Humphreys expresses bls
belief that Il material reduction Will be made from
that percentage IN the future. lhe financial results
~ the year are stated rs follows the earnings and
expenses for December being partly estimated:
The gross e,-nngs OF 81 $50 So
Operatiag expenses 9a5355s
add for c;pts for Of tracks l25Cl
CONTRA
Interest on bonded debt. rental etc $Sl979iS
Interest iasSf scoints and pool balances. $4,000
Use Of iorcign x......... I37OO7- 3,12G055
in view of which the president recommends the
beginning of dividends OH the companies preferred
stock at the rate of 6 per cent per annum payable
quarterly. $1,000. 49,. .
= The stockholders set apart $6,00O000 OF the
general mortgage bonds to provide for permanent
improvements and equipments, on the underst@nd-
ING that the net earnings should be divided but,
while 1t is believed that Ill the future more than
sufficient to pay per cent on the preferred stock
will be earned, as provided in the consolidation
l. liz Dfuupnt
terest of the stockholders to limit the dlvI-
dends 10 per cent on the prelerrCd
stock until the company shall have dCcunu-
lated a sufficient surplus to warrant an IN
crease to per cent and certainty OF It's CONTINUE
ance" he board accordingly resolved that GUAR
terlv dividends of u cent hereafter should tie
paid on The preferred stock. The amount required
to pay such dividend is about S3GO.OOO 50 mat
there will remain an apparent surplus Oh @oIf'OoO'
The rece us OF rOnr anu gram 1T th3 DrtuciPa!
Atlantic ports this 11th day of January were:
Flour Dsl. N' S5S35 F Is5, G NO 1919 95
s SssaI as 9 9s5S} 5s zsS : S 2.5
H R2. 6 Snsa :: i 5SSS 1888 800 io
I TaLfy l6 ij 1865 4cs l-555o
The following were the receipts AMI shipments at
ana from Chicago ana Milwaukee to-day:
Chicago t'e'S Mli%an-ec Cncse1 uxs1Ecc
Flour. bbs.... 2loo7 1l4lj 27o39 l2,yG9
Wheat, bush. ASS 1920, 22@l535 s]]SS
oSts. BUSH Ssi.... 5000 $500 57@79 l.S7}
Barley. DISI.. $500 2t.t4O ,5@S!J i,'|3"
Iojs ouS e.. 25j,7o0 77,45j 2OO.1l5 2l,OJS
The following shows the exports exclusive of
spec,e) from the port of New-YOrk for the week
ended January Ii and since the beginning OF the
wear as compared with the corresponding periods OF
previous years.: ~
Eer,n, e:., sl?; $32S ess sS95
Since january -. s.676.J1j l0O5I,Ul6 1,Ilo,3o3
EUROPEAN FINANCIAL Markets.
LONDON Jan. Ii D. m.-COnsOs 0S7s tor money. and
Ds9s Erie. OPS Pcnns lvana Central G5s
Reading. 3
LOND5> Jan lIz30 p m-Bar silver is quoicl At bid
per