New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-23

Lake Shore statement shows gross earhii'ss III TO-
.of 81 8 o., 600 against $i7 ,eT13sl IN 1881; ope
,.t,ng EXPENSES IN 1852 Of Sl1, ,2o,ooo aga'"s.
SlI 27s. 429; and net earnings loI 1907 "
~. 100 900 against S6,6o2.962. Tue cua'"o' ioi
s,aIs interest on debts nddividend on guaranteed
80, 4, 1850 are set down at S2,990,000 against
do -15 in 1881 Hence the balance remainihgior
J;idends on stock in each of the years was: lSoZ'
O. 100 600 or : 37-100 PEI cent; and In 1901
go oG7. $50 or : 2-I0OG per cent. What is OF par
ieulsr interest however ia the business OF tue as'
six mon ms of tho year. that for the hrst SIX iuohS
having been published last June. BY deductlng from
The figures now given for the whole year those whon
were given for the first SIX months Dusinesstu o
following comparisons ioT the six months iJu'y ~
December 81 of three years are the result; ana IDS
r,sultiuc figures fer tho last six months of So
would be phenomenal if il not known that the
company had realized something like $6OO'OoJ pre-
MUM in the exchanging of 50, 100000 second con
solidated bonds for that amount of sinking iuhu
bonds of 1856 which matured October /, ioS2.
TIE business Of six months for thfe" years oJ 'Io
company statement, compares as follows;
six months @dl 1850 ISL 1852.
Ss5s4G s S5sa siS2issoSS
~, ,,-,,,oa sl8lT747 s504S2O0 IS 527.59l
12Oi4 tons of steel rails. and all other outlay for
,be maintenance AID Improvement Of tho pro eriy.
Nothing has been charged TO cons rnetion account
tins wear The road and equipment have been July
maintained at their best standard" The usual
onarterly dividend of per cent, pavaDle tcDrualN
l 1883 was declared. making per cent for the
year.
The Michigan Central Railroad Company also
,nakes its statement for the whole yea compare"
with the year 1881, as follows: Gross earnings III
1880. IS 95O.00O agans' $S93l,33z III 1901; "
Grating expenses in 1882 SG.o23'OOO' AGAINST
sG $50 O9G in ssI: net earnings III 1882 81 4ZoUOo
AGAINST s. 200 23G in 1851 he hT5t charges
EARNINGS in 1852 are set down at Sl,SoO'ooo'
ocai,st 81 500 02G III 1881. Hence tn" balance
remaining was 1925 GOO III 1882, against S509,3lo
inIsSI Out of the balance OF 1881 dlyldehds "a
2 ner cent and l per cent GOAL per cen" "oi0
maid in May and AUGUST, respectively. Inc sta
ment dispuses of the sur Jlus of 1857 as tollo"s'
"Construction. $3.50, 900: dividend OF per cent
declared to-day, payable February l. 1865
s374.764; surplus. $G0236. liy the same nethou
as that employed the COMPARISON OF the business
Of the last SIX months FOR three years Is arrived al
as follows:
SiI months 81 1850. 1851 1857.
S SISis fan% o1pcnsO, 5sl75i 56,o96 272OOO
Ne, earnings 49,. sI6400J8 sJO7 236 $I.4075IO
GENERATING expenses Inc ude S55O,000 paid for
steel rails 900 fornew locomotives, ana @''OOo
for new iron bridges. Construction expenditures
include 500, coo paid for increased terminal I'M
pIovcmeuts at Dc roit, Bay City and South Bend
$4,000 for new stockyards at Detroit junction.
and about $50, 900 for buildings.
Nothing less than the ul detailed reports for the
year. Which, if made up u'ual, will furnlsnac
of tie income accounts end balance shee.s OF The
two companies already named. viii explain the phe-
nomenal results OF the comparisons of the last SIX
months business with the cOrro pOndng SIX mon' rs
of that phenomenal year 1850 IN railway traffic.
The Canada Southern Railway Company male no
abatement of its business tor the frs mon hs o.
1850 Therefore q comparison OF the business OF
the la SIX months of the yea cannot be nade The
business of the whoe year compares with the two
preceding years as follows:
Years linz Defenders 81 1850, 80 s
operltns ass5 2,iU}44 2G72l46 225S J97
s . ss?5S 5000 5s.s s''4 47s7
To,l receipts net .....s5i47 23 sos. SO s9l1&7s5
less interest on bonds.. 4'""J o'oO-f o'"Voo
Bslaace................... s9O6924 s27.9A s!276iG
Balance for 1880 was ap BRO lriated follows
Coustruct on-New side tracks $35 ,4S7; w build
ings and bridges B43 23S new cars, $1O317; o'hcr
nnraoscs Sl5.26J; total. $l04,33S surplus,
Sl23.3Os Included in operating expenses are the
following lite Ms of renewal: ros AMI rails S77,3l0
cars built and rebuilt, $1,000; total $lGI3S0.
Tine stock market to-day was even duller than
vestcrdays and there it'll more Of il tn an the
simple trading back aud fort of bOardroam dealers
TN, reDort of the Ientra and Hudson River Raj road
Compauy contributed to the activity iO that tlcE
but only ~ 800 shares of IT were dealt in. Opening
at 1299,Q1295s It recovered to 1898, aid for
time remained pre!y steady at these figures; later
II de lined TO 12Sl2 but at the close the
ing of "shorts," sol up to 129l2. Western Union
only fluctuated between S10s AMI S2ls, AMI
than its first price. Average ira iers
that stock, whether they have been long" or,
"shortp of il, have become convinced that thu con-
stanily reiterated rumOrs of a settlement between
the Western Union and Nh ual Union have some
basis in fact-that where there ia 81 much snOk Ike
there is some ire-and that growing opinion is hay
ing marked effect on the dealings i'll Western
Union stock Among the coal stocks, Central OF
New-Jersey at one time s)ecally W ak and de-
clined TO 7O3t: at the close, however, it had re-
covered TO 7ll2, against 72lS072l4, its opening
fimres Neither Like shore IOr Michigan Ten
tral stock was strong under the elec of the state
monts of business ma lie. and Which were known on
The street at noon. The market CLOS steady and
dull nj figures which neither the best
lowest for the day.
Government bonds were dull and easier: the bids
for the 3l2s are Il Oh, and for the Is are Is Lowell
Annexed are the closing quotations:
;id. .1ye9. All A'<0i.
U.s.: ls3 req Iis ~ Z > cur ;, ~ iz3 u
AsI3O7 li9A lbas - = cic OB. lNF>. 81