The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-22

In 1915. .... IS, sss 81 1904 10
The net receipts of the road for the year ending June
80 ls45 $23s,ala 10, being equal to 50 81 per
share.
The net amount of items added to the construction
for the year. o. the greater part for
cars, engines, &c.
The total amount of payments for the East
ern Railroad in Massachusetts to June
Property on hand, (whar-ves depot, bridges, :
steamboats,, &C., ............... 227073 "a
sal7s,72l s.
The shares issued and State scrip, $500 000 $780,
900, which leaves invested in the above property
$l2627s 10, and they have besides floating debt of
$500 1876 "a which united make the whole Of the
collateral property
Four thousand eight hundred and twenty-five shares
have been issued for the Eastern Railroad in New
Hampshire which, with necessary estates has cost
$4s2,6oo 90
Massachusetts, road and property . a4oo,795 80
Total paid for of both roads, 50 ss3, 295 80
The sinking fund Of the company amounts to $57 39l
reserved fund to Ss297 and the balance Of funds in
hand account to $685. making actual surplus of
S79333 The net earnings Of the road have amounted
upwards of nine per cent Independent Of any income
profits from the other property of the company.
The report says, The sinking fund has been estsb.
ished the past year by appropriation out Of the
plus earnings, of $4,000 and Of 5000 semi-annuay
thereafter also Of all the net advance that may be
tanned for the property Of the company the vaua
ton fixed in jane, ls43 As all the interest on the
State Loan paid out of income account and this fund
will yield interest and above that OF the
floating debt which in fact it will absorb there is but
little doubt that it will suffice to pay the State Scrip
maturity and leave large portion of the present valua
ton OF the property hand for such improveme
may be deemed advisable Assuming that this will be
the case the question whether the liquidation of the debt
thus provided for shall to the enhancement Of the
value of the present. be represented by shares
be divided among the stockholder be sold for their
benefit, may hereafter become of expedency but
the actual result will in either be the same to wit
the reduction o the absolute cost Of the road from ST.
433 81 49, which is the whole outlay, to ST. 800
which is the actual amount of money paid by the share
holders and this probably without interfering with
regular dividends
1.-THE Renewal Fund has also been instituted this year,
with the view Of meeting any past and providing any
future deterioration and also of equslizng the annual
expenditures by providing for any extraordinary
lay by regular appropriations from the regular income
For these purposes the of $780, O0 taken from
surplus and placed to the credit of this account and
has been directed to be added it every year be-
fore closing the books in December This fund is to he
devoted to the renovation of such parts OF the structure
may require it. and to such additions to, or place
men Of the working apparatus Of the road will keep
its aggregate value all the ordinary repairs of the
road continue to be paid and its engines and kept
in good order from the income account the renewal fund
will prevent any depreciation value either by subs
utng new for old, or furnishing the of doing it
without any extra charge upon the revenue Of the com
pany."
The exports from Mobile this have been unusu
ally large The receipts and exports Of cotton have
been much larger than ever before. We table
hownghc quantity and value Of cotton shipped for TO-
reign ports, from Mobile, for the month of June
Export. Of Cotton os e PS1:sa q s.1. 9S sr Il. Month
TO CT. Britain in b. vesses.. 1908 7ss,sss 1920 s.
t. F Frame: french h% 1:.: SO ss ss
e ' Hs ss's; ; @ #s
Total month Of june. 49,. aO'7os lcisssi s@,ss is
The average value Of the cotton, per pound exported
from Mobile for June, is4o, was about six cents The
average value per pound Of the cotton exported previ
GUS 10 June was FIVE cents.
The foreign import trade Of Mobile has decreased this
year, compared with last
vALur OF FOREIGN MERCHANDISE IMPORTED ,Srs Mo.
nile, % QuARrER, 1915.
Value Of merchandise paying I'D valorsm duties :
BY For cqualized vessels. ei2 90
BY For. discriminating vessels. 100 S2,99l 90
Value of merchandise paying specific duties =
BY Am vessels $3.50. S3i,03s 90
BY For equazed vessels. -. $500 90
BY For discriminating vessels 3s7 90 S37,0l5 90
Total imports paying duty .......... $40 006 90
Value OF merchandise and specie imported free -
By Am. vcsscls-mdzc.. ..... 500 90
do do specie. 49,. $500 90
BY For dis. vessols--mdzo las 90
do do specie. 0i,eci 90 $4,000 90
Total value Of imports, I'D quarter. 49,. osOla 90
Total value Of imports, LIST quarter $50 bs5 90
Total foreign imports for six months 45 SS7s697 90
Amount Of duties accrung LIST quarer ls45 s57076 go
Amount Of duties accruing I'd quarter l9t5 206s3 IL
Revenue from Customs. ......... SIT, 400 %