New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-10-09
OLOsiNG PRfCEy or p HbiDBbPfn NJ0Rs
Re Llele L. ~. 1 IAlIt . -. y - 4


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The Louisville and Nashville Railroad scheme wp~
day announced by circular a."a -imullancou, oad 70
the .tockholdcr. OF sjooJoo0 .lN per cent loloJsa
adjustment MORTGAGE bonds and S5o0oooo 5000
.haro.l treasury stock" The bonds Co. bear iu;'ri
at the rate IT .iN per cent payable In gold ana Que
October =. 1920. but rcdccmahlc a' tl' option 81 mo
company at par after tou years. ia" bond. ire 'e'una
b., mortgage cuhicct to prior lcu,i on ~ miles q
railway. gto hy second mortgage upon iNc .io'M hi
bond, covered b., Nae trust decd of March J. lN'!' ~'
also hy lien thc equipment covered bf ih 'lfW'
agreement of March 30. l--2. Thc sio0kholdT'
record OF October II, I~-l. viii have th' ph'isf
10 sun.ciihe Tor the stock and bonds - 7"
lows: Each nuy share, ot stock nov oai'taaaDs
VIII hc rntc to cake ten share, ol the ucw stock a"
aud ~ 900 ol the tond, M oG per cent; pNmrh' J"
stock and boud, /. 10 De made 80 iro eih-cnpuons
the privilege ~ subscription VIII cnd az T. h V'''
49, An international ~ Indicate ia, contracted 10 ,
all the bonds and shares not subscribed Tor b tue ~
holders" Bui The price AT which the syhdc''o =
delivered such remaining share, and bonds j ho' 80
The circular does not give general balance sheet o. VS.
company but says that the floating debt on June '0
Sis35.o7s and that the proceeds OF the present 49,
securities III more than suffice 10 pay oil All the noA'
debt and leave a considerable surpids a'ai'p'
capital reserve" by which arrangement th' eN.n's
the company viii remain available Tor ul'u''''V
"thc fact may warrant" While the compan! nv
slowly travelling toward it, present hh'n''"i -,
circular shows that it, gross earnings per nm "a
steadily increased from - j42 in ISIS 10 So'''' "
Now the earnings are declining -, nj
To-day, stock speculation opened QUIZ as" -, 90
with fluctuations of less than per cent hei" Ia
dition ill near the last hour of business II wa "''
more than traders market with here and thee N'
special development either Of strength OF N'",
Union Pacific and ~. Paul contcnled IoI "'s' -.
transactions and Union Pacific won 10y -h"Vo 10,
AGAINST ~ 900 shares for ST. Paul But u va, - -,
Pacific that impaired to the whole market 'no ' -
for the late recoyery that stock opened az "a,
and struck bed rock at 5i;s; suddenly ' .ss
o'clock it became active and rose " -
and il closed at 55is or g,
than Yesterdays last figures. The movement, banges
stimulated the whole market 80 that Tue m ~ f.w ei
while generally ON the side of declines gre W. the an
ccptions small Manitoba was specially W." wa d yf
nouncemcn. of the reduction of lis DIVIDEND ia rf
cent rate and il shows a oss-aftrr riiy ~. spr
ccnt-Of ia per cent The coal stock J rom So
cially weak: Delaware and Hudson dr'i,n A. AIN:
Ia -t and Central of NcwJersey from IS Jnu for
Delaware. LackaN anna aud western va W. IFS dad
speculative stock but after looS ',ent 40
price of iO7 shows only 9 PVa, ,,s aaois
,iinrs Their, were 10 sales OF Reading, IN" n, IA A.
tnn was 2JLaa26 The Omahas were on ~ ~ ..,e.A
though the company gave notice OF auoS nrcferrsJ
20 7}y shares Of anl IL. $50 ,hav % xithoB
stock. The market generally closeu ""' 49,
feature .u.a,,lar: bids fH
Government bonds quiet and rreeias' v.er Az
the IS were Il higher and lOr the l ~ were y INV
ncxcd are the closing quotations;