New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-04
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l.llS.792

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Genital l;aIio1i OF Ncw.JeTsey' per cent lllS7VS
Total reu: payable By Philadelphia and Reading
The amount of the annual rentals Of the Toms
River AID # the West End Railroads is not given
in the schedule of the lease of the Central to the
Philadelphia and Reading, bat they are small
The lease Of the Lchgh ana Susquehanna Rail
road 10 the Genital OF NcS-JcrSey Railroad has
been modified since the lease made TO the Phila-
dcpha and Reading, but 1t Is stipulated in the
modified agreement that the rental paid 10 the Lc-
high and Snsquchanna per annum shsn not be less
than IL was under the old agreement in 1882, which
was 81 ,43L6s7; so that Is the minimum Of the
future annual rental TO be paid bV the Philadelphia
and Reading.
Taking the results Of the operations of the Central
Of New jersey and its leased lines for 1882 rs the
basis Of calculation its net earnings stand to the
amount Of rentals agreed to be paid by the Phila-
delphia and Reading as follows
Rental, guaranteed By the Philadcl.
delphi2 and i;r2iiug per above
roads nanod against which no .,-o,,,,
Gr1t, earnings Of Ccnilli Railroads
NyW-iVra"F lines. ............-..... .$GSSG,Sll
Operating expenses ........---.....-.. i,i7o,sG2
set earnings or re7y,Ierscy IlnoS. s. 7I5.IiV
saslGSia Tiih' RsirS S = s5Eyd2a a1j
les, reut paid 81 ash Gs7. leaving. OH, 2l0 ~
Nei profits OF Central OF NewJcracy "62be6S
Deacittobc madcupby Phil &Edng sl,lOO943
The net profits 10 the Central Railroad of New
Jersey for 1882 were only Sl2s49 great er than its
first charg the rental agreed TO be paid by the
Philadelphia and Reading, exclusive Of the 6per
cent dividend on Central Of Ncw-Jersey stock. 1t
requires a sangune temperament to expect that
under the Reading management the net earnings of
Central Of NcwJcrsty will be increased 81 per cent
There WAS no special news TO affect the stock
speculation to-day une it tho reports OF tho
earnings Of the Northwestern railroads for the
fourth week in September. The Northwestern
Company shows q decline from the earnings of the
same week Of 1850 OF %I1O, 800, on an increase of
2sO miles Of road the Omaha an increase of 81 600
on an increase Of 100 miles, and the St. Paul
an increase of SSOlS on an increase Of
200 miles. But these reports were not known until
after the temper OF the market was well developed
Therefore it not likely that their effect extended
bcyond The lato dealings in the stocks directly repre-
scented by the reports. The whole market how
ever was unsettled and weak from the opening OF
business Rallies in prices there vera several
Tunes during the five hours Of business, but they
wcre feeble and without character, and were quickly
met b. another invoice OF orders TO SELL which each
time marked lower figures than before. The
Northern Pacific stock audit kIUdreds also Ioula-
vile aud Nashville, were especially weak, and
the stocks of tue Northwestern system made i'm
portaut declines after the reports before referred 90
were Published Bat the declines were general, only
differing in degree. The coal stocks the best
supported, a., class; Delaware, L1ck1wauna and
Western shows dual decline OF only =, Central Of
Ncw-jnr.gy ouly D. aud Reading only l. Among
the trunk Lines Central and Hudson was specially
,tron. and closed only 4 lower than last evening
The general market closed weak at about the