New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-03-20
REPORT OF THE ILLINOIS CENTRAL
Monday March l9-p. m.

Monday, March l0-p. M
The annual report Of the Illinois Central Rail-
road Company for the year ended December 81
shows gross earnings Of Sl3 1874 and net earn
ings Of s4.0l0,44O, a gain Of s5OS,s0l In gross
and slsO,478 In net. After the payment OF per
cent dividends on the share capital the sum OF
s436.357 will be carried forward to the surplus
dividend fund. In regard to the small increase
I'm net compared with that IN gross earnings, The
report says:
Several causes reduced tho net earnings during the
mast wear recurrence OF which is not to be expected
during the coming these payment OF rent
Tor the Iowa Division for nine months the concurrent
locking up millions Of dollars In the shsres OF
the Iowa companies during the six months from April 70
October without receiving dividends for that half year.
md lastly the entire cost OF transporting the ras ues
and other required for the construction OF some
four hundred miles railway having been included In the
cxpenses OF oporatina your railway. But nevertheless
the Illinois has been enabled to declare and pay
two semi annual dividends Of three and half per cent on
It's entire capital which has been during tho year enlarged
BY millions OF dollars
The rcnorts Of the Missouri Pacific and other
railroads composing the Southwestern system Tor
last year rive the earnings Of the entire system as
follows: Gross, s34 "a 964, and not, sll 1885,
O4O against s2s1 ,397 and sll,ss5,94i re-
spcctivelv I'm the preceding year The mileage
was q. 90 in lsS7 and 4,607 In 1886.
The depression in the stock market appears 70
reached
natural reaction which only a complete fulilment
Of gloomy predictions could prevent set IN To-Day
The labor troubles In the West are rapidly APP
nroachinr crisis and the strike Of the Burlington
engineers is likely 70 end precisely that OF the
Reading miners did few weeks ago, IN dlsas-
trous defeat The activity and advance In Union
Pacific. which recorded final gain OF ! "a per
cent indicate the general bellef that inc s.rlkc
will not extend in any direction from the Burling-
ton system. and that IL will be throttled there.
Union Pacific was the most active stock, buo
nd Ilattics llo gnd
equally large advances Inc nrst was slecueu
hv tho decision Of the United States Supreme
Court in tho Bell telephone case, which was op-
posed to the pretensions OF the Drawbaugh
Iatcntces The movement In Louisville ana
Nashville Erie Norfolk and Western and other
faVoritcs Of the London market was caused APP
uarcntly by sharp demand for foreign account
Tho Granger shares were strong ana maternity
HIGHER aud the coal shares advanced easily. IL
Is understood that the differences between the
coal companies In regard 10 production In the next
year have been amicably adjusted. The fears OF
a bitter warfare which hnve been entertained by
stock spectators have been dspclled.
The upward movement Of prices was steady and
uniform. and the closing was only shade below
the highest points with an average maj gam OF
| Der cont There was no dstinctively good news,
/ last week were frequent The short interest gave
signs Of increasing timidity, and purchases for that
/ account did something toward the recovery. while
/ holders Of stocks showed fresh coniidcnce
THE DAY IN TIE BOND MARKET.
| Government bonds were neglected. but the tone
| Of the market was strong although no important
change I'm prices was made. The closing quotations
/ were rs follows: