New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-10

as the balance sheet of September 30. 1880 n
were some errors IN the photographic renort
| by which some Of the separate ~
"'io "iHP'ac'd IN our comparison For
instance we added TO the amornt of t,,sN,
debt Of 1850 las IL was then rcpored the real e,a,
mortgages, and did not iuclule them in the 6on.s-
for the funded debt Of 1881. The amount ~ 80
estate mortgages in 1850 was $i72. 3lG and in 1se,
it was S237, ll3. This would make the iocre,soi
the funded debt for the year - 5OI 1877 instead %
So. 2G7.3 j4, as stated December 90. Onr com,,rt
son alec showed de- rease Of S203 Ss3 IN the po,i
nal balance Mr. +. D. Worcester, secretary of H..
company, il an interview with a representative q,
The ErcHing Post rises 90 explain as follows.
The balance in the liabilities. which represents tooor
and earnings, amounted last year. according 20 io any
nua Tepov 81 the state Eneiuccr, 10 SI32IGti7 In
stead Of Sl4,9jG,Jis ia lieu 81 decrease AZ w r5b -
F2O3,~s an Increase In earnings Hnl IUe,r,e q,
- ,535.el7, icb pus different face on the n scr
Secondly see tna our uHd,d dcDt 81 last year i INT
down at only S39,733,333. Will the funded Jrbt as
30, 1850, SI1,7l3,O33. ''''
Now the facts are that from the year 1879 until
1850 the funded debt Of the company, a. r.p,rteJ
10 the State Engineer, did not vafy $50. 600 from
$39 100000 and for 1879 it wa, 70.
ported at $50. 1888. / seems. however
to be true that the report 10 the STATE
Engineer for 1850 made the funded debt
$41. 743, O33 instead of 500, 1913 333 and tbo
"balance" ;Sl3,2IG,S47, instead Of SIf.9JG5fs.
But il also is Il fact that the fgures published in
THE TRIBUNE, The Ameri,aR ErotGpgs and The r.
ndHcaI Chronicle on or about the date of January
1851, and in q" POors Manual which was not pnb
lished until July l. 1881, Of the funded debt Of SEN
TENDER 30, 1880, wcrc as we printed them last De-
cember %: $50 733, 1888 for funded debt and
$14.9jG,4jS for the amount of balance Of IN.
come account BY Mr. Worccstcr's statement.
the debt was increased from 1879 10 1850
$2,OlO7OO. But we have searched IN vain
for any allusOn to an increased funded debt
in any comments that M The time
were made on the company's report for 1880
TLerefOra il is clear that year ago one report was
gwen 10 the public and another 10 the state Engi-
nccr, thar later amended report made TO
the Engineer with which the public was not ac-
quaintcd Hence the public was entitled 10 a COM
parison with the report given to it a year l2o and
that il what THE TRIBUNE published with some IN
important errors arising from the mistakes
OF the photographic report There however
Is no dispute that since september 30. 1879,
two ycars-the funded debt was increased
S3 7IO 700 and the frs information the public had
of any increase either in or two year, fur.
nished by TnE TRIBUNE Of December 20. 1851.
Cages for the two years is T3Is, OGl. Mr. Worcester
makes 30 reference TO the increase IN the amount of
floating debt, less cash and cash assets winch, rs
corrected By the full report, was September So
ISL So, 1919, 93l against ~ O74.936 September 80.
1ssOan increase OF 81 l25. Oi5 for the year. Add
ing the dividend declared for the three months
ended September 80, ISL, the total floating debt
at that date was 81 9sj, 359.
The volume of business done in stocks to-day was
even smaller than on Saturday. Part 81 tie time
the market was absolutely dull and a. such times
prices invariably dropped. II was only whom or
dcrs were iss ed to make Things lively that tho
markc presented any appearance Of strength The
opening figures were about L, per cent
above Saturdays lar prices, and following
that there was n decline ranging from y to per
cent The extremes of the first hour about vered
the whole range Of figures for the day. There were
fcycrs and there were chlls, but no pronounced
tendency in either direction for prices IS a rule
the last figures near to the hest prices Of tho
morning and in some few instances the hcst Of tho
dav But the effort To make them So, which
was made In the last half hour of business
was painfully transparent. The rum0rs REGARDING
an expected settlement of tho railway war" were
repeated as pcrsstently they have been
previous occasions. notwithstanding that il now is
low rates are being made for West-bound freight.
The fact Is few spectators realize that freight
that a year ago was paying 80 cents il now taken
at % cents and that another class that
then paid 10 cents is now taken 40
II cents. and that. too without contracts
81. Paul common was specially active and strong
in to-days dealings the sales amounted TO 5j,l59
shares at from lOS up to 1922. The coal properties
were the weakest of all the list. although closing
well up at the end. The special cause tor the weak
ness of those stocks probably is the knowledge Of
the inside holders of the stocks that coal
lately has been piling up SO fast that
there must be either n suspension of bushes Or
bad break in the prices Of coal. Already
concessions of 50G7j cents per ton are reported for
cargoes Western Union Also was weak, as tho
market was selling from ~ down TO 7s'sa7si2.
The market closed noisy and prices must De- quoted
as strong
Government bonds were rather more active than
they were last week and prices generally were
strong for all issues except the continued S. which
were oil i per cent. For the Is the final bids were
,l. .itt frf