New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-10
LOUISVILLE AND NASMvIILE'S SHOWING
Monday, Jan. S-p m.

Monday, Jan. S-p. III.
The directors Of the Louisville ana Nashville
Railroad Company to-day declared u dividend III
cash OF . per cent from the earnings of the half
year ended December 81. The last previous
scm-anMual dividend was fox the slco amount, but
fcr The corresponding half-ycar of 1891 tho divi-
lend was ? l-2 per cent The dividend require
nent fer the period just closed (which i the first
half Of the companvs fiscal year Dring reduced
considerably, there IL shown by the financial
statement the handsome increase of 5000, -" in
the surplus over 1891. But the su.plu, earnings
applicable 10 div;dcncS Tor the frs, siN months
of the new fiscal year were equal 10 nearly ) -
Der cent on In. stock. The gross earnings for
the siX months Just ended tIhccmbcr bcn
partly estimated showed Il gain over IN" CORE
spending period Of the previous year of SjJ2, S""
and wniie operating 'Ap'nsrs were increasF
81 ,5s7. the percentage in 1889 WAS ." - PEE
cent. against ~ 40 per cent N 1881. Inc ~,
crease in net earnings T30s,213. FIXED
harges were increased somewhat and other in
come" fell of, but the Georgia Rlilroad shovel
an operating profit Of $1,000 III ls"2 against
a loss Of $50, 900 in 1891, the net loss on all
auxiliary lines being some S2G,0oo less than "a
year ago. While comparisons are ma ic On an
enlarged mileage, the ret revenue OF IN" last
siX months indicates a gratifying growth. Inc
following table compare. tho operations of the
Louisville and Nashville for the six months en'ici
December 81 for three years:
BUSINESS FOR THREE HALF YEARS
&c.. s e E. s.Ssas 81 3a
Ns 5Sc g; as II r
Total revenue ...... s,oie.e76 s,.Gi go stGla 50
10 ''es auxiliary fines irs,sjj 1851 5'17o
Nct ,cvcnue ..... 81 52s- 30 sI.sc4 3o7 sl.s!Io7o
Divldcads .....~...... 10000 iJ20o00 i05Gcop
smplu. ........... ,ss,.,so sisl.ao7 t7Sjo59
WHAT WAS DONE IN STOCKS.
The stock market was active to-day, an WHEN
its professional character il allowed for III" bust
ness done may be said TO be fairly we'll dstrb
uted. The most active stock Philadelphia and
Reading, showed most weakness. Even with the
dealings reduced to full shares 1t ',d the Inst IN
point Of activity, and the price steadily declinei
TO 40 3 sajo, against 81 3-s Saturday nooa The
bonds Of the company also wcr. weak, notwith-
standing the declaration Of full ) per cent in
70 rest on the three classes Of preference incomes
From the incomplete figures te"graphcd from
Philadelphia il would appear that the surplt,
left for the $4,000, 900 stock is less than 500
900 The Street accepted the financial SHOWING
as disappointing. IL represented TIE first years
results OF the combination of coal roads that was
10 produce wonderful benefits through econoni's
Of operation and hialer prices Of coal. Yet
Readings surplus of $3.50, 600, after paying nearly
s.. GOO, 900 income interest, may not be styled
meagre. Questions are suggested, however, aS 70
the future when il is considered that large stocks
Of unsold coal believed to have been arcumu-
lated that popular distavOr would be aroused
by further attempts TO advance anthracite prices;
that Mitigation still hampers the plans OF the coal
maqnates and that the ambition Of Readings
managers mas mace FORMER powerful Hi"hus III
different hostile.
The industrial stocks. which ranked after
Reading in point of activity, while generally
strong, were not without ire2ularty. Amerc N
Sugar Refining sold at lis Is, Int it's final TT
gain was only SIS per cent, and Dis,illine AMI
Cattle Feeding, after fluctuations Of Is per
cent, ended trihc lower. An encouraging fea-
turc of the railway list was the s'rcn?th OF
the Western shares. Rock Island rose about 2
per cent, and perhaps appreciation is awakening
70 the improved FRANCES of tie properly ana MS
bright prospects. The other Gran9crs failed 10 ad
vance more than fractions, and Louisville an !
Nashville. Notwithstanding it, favorable half
yearly statement. virtually stationary.
The temper of speculation strong in the
main under the influence Of prospects of casicr
money ard deferred gold exports. Yet the foreign
exchanges are - sensitive to the least demand
for remittance or entire cOnfidcnc, 10 he lett
that no gold will be shipped on Saturday. and
Europe may not he trusted 70 long rs the law
compels the Treasury 10 purchase silver. There
we're large returns OF borrowed stock to-day and
the short interest has been forcibly reduced to
an important extent.
THE DAY IN THE BOND MARKET.
Moderate sales Of Government coupon per
cents were made at a decline 10 ia. Both the
bids and the asking prices Of the As were reduced
IA per cent. The revised final quotations were
as follows:
100, ~, Dld.As"'d rs ,p,os.,sa, q, n!d.A'A'd