The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-05

The circular OF Dupee & Saylcs, from which we
extract the above table, contains the following in
relation to the several companies
Railroads again in favor The over estimate OF
their value permanent investments the rapid depreci
aton and the presept RESTORATION Of ypubc confidence,
have not been caprcous movements on the part OF CAPT
tasts The OF these vcsstudes are 10 be found
in the necessarily slow progress of the kpo~edee Of
management OF entirely enterprises Years expert
required TO estimate the wear and tear OF rails
running stock TO ascertain the most Economical fuel
and prevent the wastes and petty thefs TO which rail-
roads, all corporations, eminenty the most subject
Tho various railroad reports dgests Of which are gwen
below show more economical and udicious management
than 10 previous years and Improvement their fnan
cia conditions Notwithstanding the decrease Of their
receipts in the past few months, several Of the roads show
handsome increase in their profits. The revival of
trade and the continued improvements OF manage NEXT
Will place these stocks still higher In the public esma
ton.
BosToy AND Iowr1I4-This stock has advanced nearly
$40 per share in than two months. The last annual
report gives ineligible statement Of the items compos
ing 'surplus" II is much to be regretted that all
turns TO the Legislature and reports 10 shareholders
should be required TO show in what the surplus of
railroad consists Let the example OF the Boston and
Lowell be followed in this respect, by every other road
that bad debts or unavailable investments shall be
concealed convenient name. The report OF the
Boston aud lowell made up for ten months TO septem
Der 80, 1851 Net gain OF profits over 1886, 600 sur
plus Invested In cash on hand, less dividend declared
s0G5l notes and accounts receivable S8 S09 sinking
fund S27 49, wood materials, &C. ,675 invested IN
the read and equipments sl56 Total $3.50 Useless
suspense account S3S 702 leav surplus $2l7 4sg
Boston AND MAiNEThe rise during the month has been
about per cent. 100000 Of the debt paid 10
1857 leaving but coo due August I, 1852 unpaid.
The surplus consists Of available assets 81 090 materials
for the OF the road 0T expended for construc
ton and equipments the amount Of capital SIS? 259
Total s3Ol 5s which may be added assets IN suspense
account Of uncertain value, sl05 40.
BoroS AND PRoyrDESCx-rhc shares have advanced,
since Dec 26 per cent From the report of the lnves
eating Committee the accounts Of the various departments
except the ueasuIers seem to have been kept in an
salts acoIy manner, without developing any serious ded
cheney. The system OF accounts recently adopted
Will enable the directors in future reports 10 eater
into the details Of their Affairs Surplus is valued at si53,
81 81.
Bosros AND woR1SrYR.-Rse in market value in the
last four weeks IL per cent This corporation holds
sets over the cost OF the road after pay the
Of January and deductDg the floating debt 1877 23 L.
The total surplus, including reserve Tor segregation of
road and rconing stock 500 600 and sinking fund for
The bonded debt Is 100000 due in 1850. The floating
debt. $50 e74 H.
Eastern - The market value remains nearly stationary.
The reduction OF the debt goes rapidly good pro-
msc that the day III not far distant when dyidends on
The sock will be resumed During the year s7e 500 Of
the bonds and s293ss OF the floating debt have been
paid off Present boating debt Il s2Sf, 7s1.
FT,HHrRG has advanced per cent In this month.
The management Of the last two years
ihc apprcba,io Of tie stockholders aud will restore
high financial position. The gross earnings for 1897
slsli2 less than for 1855, bu, the expenses
SIS $50 less that tho Let gain Of profits for the last
year was IS s4s over 1s56. Surplus, si25,sol 20.
Or C"loSY AND FAIL RIyER-The market price during
the month has advanced from 70 10 ST. The economy OF
managerial and financial ability in the direction o; this
road much appreciated by capitalists. During ths
the debt has been reduced Sol 500 leaving OF bonf
cd debt sl7e5oo; floating do, $50 100. Inc total
amount Of property cid by this company above the
OF the road Is sass Gll which includes of real estate not
required for the Of the road t,oi $40 and i6 shares
IN tho road, costing sl32,33+ o.
WKstGRs.--rhe advance In January has been abou. b
per cent To the annual report balance sheet Is ap.
pobdes-0n important item hitherto omitted. From the
pet prons given in the table above 70 be deducted
interest loans, s313, 126 co. sinking fund, $50 600
lose Pittsfel5 and North Adams Railroad l9ls ~;
dividends s412 COO; leaving surplus earnings 10 oontD-
gent fund, ssol7s 81 During the year tho funded debt
has been increased &i54 IT'S, and the floating debt ss3
ESQ 70 The sinking fund Is estimated at u 7a3 e69 %.
Assets IN ADDITION 70 the cost O; the road, S2g3gs5 30.
The total length of the Western and Albany and West
Sokbrdre Railroad IL 156 miles OF which about 81 miles
" single main tack and about " miles Of double
man track.
WORCESTER AND NtHrA.-Tbe whole capital paid in is
sl COO represented by Is 237 shares averaging shout
ST5 per share Reserved income, 326iS So. Raj
used for the purposes az the road a2t 5s The
bonds Of the company due January $780, 100000
There n no floating debt