St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-16
Continued Interest in the Fight for the
Directory of the Northern Pa
cife Railroad.
Various Reasons Given for the Bulling of
the Stocks of the Company
by Spectators.
Milwaukee 81 st. Paul Commences
to Cut Rates to Austin
From Chicago.
Assertions Made that one of Wander
bits Schemes Will be Nfpped
in the Bud.
Cause for the Advance.


the directors Of the Northern Pacific at
New York continues, and will until the
election is over Outside views of the sit
nation are given freely, but those in posi-
ion to know the real situation are rather
retcent, not wishing to give hints or point
Frs on inside affairs. The theory advanced
IN yesterdays GLOBE of the prospective
Wright and Vanderbilt combination was
thought plausible. and the opinion was en-
tertainad that events might occur as stated.
Certain high officials of the Northern Pacific
road do not think that the advance in stocks
comes from the efforts of the Wall street
spectators to secure all they possibly can.
just for the purpose of voting them at the
annual meeting. but hold that the rise is
from the favorable prospects for large
seasons business. There has always been
an impression that by the conservative prin-
ciples adopted by President Harris in the
operation of the road no Improvements
have been made, and that it is now in
poor condition. This is not the case.
Economy has been practiced in
other ways than in keeping the road bed
and equipments in stata quo. While econ
0my has been practiced in every conceivable
way in the preserving of revenue, the com
pany'S property was not allowed to go To
waste and is in better condition now than
1t was ever before. 1t might therefore be
the splendid condition the road is in that
induces speculation in stocks, but such a
theory is very doubtful. Should Wander
Oilt assume control of the road it would
have good backing: and Vanderbilt is very
aggressive in his control. There is much
speculation being done on what the annual
showing of the Northern Pacific will be.
TIE FINANCIAL REPORT
of the Northern Pacific road for the year
ending june 80. 1885, has not yet been fur
nished by the company for general publica-
ton. though it is learned since, officially
that it viii show a small surplus over fixed
charges. The real statement, as near as
can be learned, is as follows:
1884 'e5. 1885 & 'S4. Decrease
Gross earn
ings. s11, 234,15O s12, eO3,575 81, 1863, 425
Operating
expenses. 1858, sol 6,922, 525 96S, 12+
$5,2SO,349 S5,6S1, $50 s4OO, 7O1
Increase
Rentals, tax
es interest
and sinking
fund. 1885,. $5,32s, ZIG s4,524.SS3 ssO4, OS3
Deficit. S4S.5 G7 S1.159,167 s1,2O4, 734
The funded debt increased So, 733. 100
dlli llS SlOCh NtClCdSCu
81, 1916. 4S4. This report, however.
is estimated. though it will be
nearly correct in its showing
1t is difficult to understand how the Oper-
ating expenses of the company have been
kept so low. There is probably no road in
the country that is given the thorough,
careful and exhaustive attention that is
given the Northern Pacific under Mr.. Cakes
management. and his constant vigilance
has reduced the expenses Of the road to
minimum. The Northern Pacific, by the
above report, has come out much better
than was expected. and in consideration of
The general depression and the many diff
cultieS the road had to contend with. it is
most plausible theory that Oh this account
the stocks have advanced by spectators
noticing what the road has pulled through,
and what ii would do under more favorable
circumstances. which are now certain.
many other rumorS are coming up, the
most important one being that should
Wright acquire control of the rood deal
would be made with the Oregon Transcon-
tinental by which that company's stock
would be galvanized. This rcmor to a GER
tain degree is confirmed by a circular which
interested Boston parties have issued which
gives the following information concerning
HE condition of the company:
It owns $4,000 shares of
Oregon Railway & Navi-
cation stock worth mt
Observation-Disclosures. 81, 527, ZOO
30. $50 shares Northern Pa
cific preferred ut ~. 81 ,265,000
ll2,119 shares Norther Pa
cific common at 22.... ., $4,000 C, 1872. 600
S1s,259, 600
Miscellaneous assets... $500. 900