New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-08

LIE l.. AND Ms DIVIDEND.

W wednesday, Jan. - III
The directors Of tue Louisville and nashville
Railroad at meetng to-day declared dlNdchu
az pip Der cent from me earnings OF the halt
year ended on December 81. This 10 the hrS' Iu'
cash dividend in three years. although surplus
earnings in that time have been distributed IN
stool The previous dividend. in August Of last
year. was paid partly IN cash. The statement TOT
the first six months Of the fiscal year Is salts
factory in view Of the faot that the traffic of
the road was affected by strike and by
naralysis Of the cotton movement in consequence
az the November panic. The gross earnings
.hov,ed = small increase over the same period
last wear. but the ratio Of working expenses was
raised FROM 50 $40 10 ~ 40 per cent In
comparing the results with those OF the COZ
responding half-yesrs in $50 and 1889. IT should
be noticed that the earnings Tor last December
are partly es\t ated. and That the dividends o.
per cent in oSS ana per Ienl Ia 81, , ,',,
paid in scrip. With these explanations. 'he com
harrison will he found 10 be pleasant eNhibh.
II is sublOlned
BUSINESS FOR THREE HALF WARS
cr6 5@y D'' 2i - flS c o. go
Operating eNpenses..---. b0)21'0 1'oo'''' "-''''0
Ne, earnings Ss2i4 go so5. a.s % 7o97oo
other income'............... SiS2'7 E".-t -'''Oo
Total reyenuc... IS 532 $40 $i,3ls.Gi9 a. 0lG ,5Q
ri,.t chargc......... 2,4aO9i0 $4,000 3el o5b
Losses on auxiliary lines, '-'.. l3ofoo lo'-oo
Net ,cyenuc.... ri oi6 o3G s1G,lI5? .5oG 53i
Dividends ................. C3O3GO "5'3o' I-ooOo'
sur,o. ........ $1,000 sG;7,7aj $3.50 81
The directors of the Denver and Rio Grandc
Railway declared a seml-annual diEIuehu VI ~ ~
ner cent The statement for inc SIX ipon'HN
ended December 81 december partly estimated.
showed gross earnings OF Sl,9Oo,oV9 ana Ie'
earnings Of 81. O94.073, against S2,O2Vo'' III Ile
"a mo neriod in the preceding year Aiicr ulc pay
mcnt of first charges and the dividend now dc,
cIared the company has added "A surplus VI
$35l.436. -. ,...,.,,,...
WHAT WAS DONE IN STOCKS.
Speculation in stocks was IRREGULAR To-day
althrupb there were no fresh Developments -
otfect lie course Of prices. The movement was
inward and. as a rule. the final variations wee
but the exceptions were numerous an
fev, a.cks manta incd their Improvement 10 Inc
last. Louisville and Nashville rose per cchl
an The resumption of cash dividends, ana me
apparent probability that the COMPANY VII PaN
in the # tgre The ZIP per ccnC i" and Ro Crande
Roilway adopted the same basis, which seems I" ne
the deliberate Judgment OF the diViGehu.puAi n5
companies ST. Paul and union raGne' p'' G.i
nos and they scored about the same Hndl
gains. while Missouri Pacific "as MOI , lar nr
hind in point Of strength. O'h'i WrS,'lh
storEs were inclined TO WEAKNESS. althonEu
,Leir final declines were insignificant. Inc
huving of the most active s'OckS lnulcducu uI'.
the short interest was much larger u'aI , n't @
slsDected from the borrowing uculdHu' ~ We
STIMULATED bv REPORTS that the controversy between
the Union Pacific ana the St lanl ana the ho'k
Island railroads over the Omaha Bridge contract
had been adjusted. The advance III lneS Co. was
probably the only reason for TIE rumots, ior liz
sett lemcnt has been reached. Inc question: VIII
nroba Div not vex the meeting OF railroad oliEers
tomorrow, for it has been agreed, III a iaehlGn'
that it is wholly outside OF tie proposed 3sS9cn
the D' greatest harmony although nor much will be
accomplished. A lot Of plans will be presented
and after a general discussion. cominLt'ec 70
prepare plan Will probably be appointed. me
most that can I've expected is progress tow@rd the
formation Oh a business foundation OF the new
Western association This certainly was enough,
however, TO encourage buying for both accounts
although realizing sales in the last hour caused
important concessions in leading stocks
THE DAY IN THE BOND MARKET
There were no transactions in Government BOMBS
and bids for the per cents were reduced again
l-2 per cent. The closing quotations were as iol-
lows: