Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-09-01
RAILWAY

The Little Rock railway, 1856 miles long,
has a stock issue Of $7,5O0.O0, and a
funded debt of $2,S50,000. The first
mortgage bonds amounting TO &5O,0OO,
are quoted at 90a92c in this and the New
York market. The stock Is nominal. The
general mortgage s., amounting 10 2,6O0,-
900. are also nominal. Control Of the
road has been by the st. Louis and Iron
Mountain Company since April 1880, and
in 1882 the interest coupons on the general
mortgage bonds defaulled, but were after
ward paid. In 1881 the total net earn
ings were $l69,5l3, and in 1880 $SO3, 500.
In 1882 the net earnings were Sl5,9l6, and
the gross S704, 96l, about equally divided
between freight and passengers together /,
with S33, 4S9 for mail and expressage.
The Chesapeake and Ohio railways
gross earnings from January LIST 10 July
3lst were $2,233,3 1884, and an, 428 in excess
of last year for the same time. The stock
Of this road, exceeds $1,000, 000, and Is
divided into common, frat preferred and
second preferred. 1t was down 10 l3H on
the l4tn Of August, and up to 28K Janu-
airy 10th. Last year it ranged from l9i
to27, and the year before 209 10 1919.
The bonded debt Of the road is 34,472,5W,
all 6 per cents, due between 1898 and 1918
The Mobile and Ohio railways earn
inga from January LIST to July 3lst was
$l,l02, 215, and 1904 excess over last
year. The stock Of this road is $500, 900
II wa down to l0h on August 18th, and
and up to l9k in January. Last year II
ranged from u TO 80, and the year before
1877 10 3gZ. The bonded debt of thiI
road Is l6,25O,000, all 6s and Is, due mainly
in 1927, and they are quoted at l06 in I hi
New York market. The road Will
branches is 528 miles long. Net earnings
last year 562, 1919, year before Sl6, 1881, and
in l879-30 62i,946.
The ST. Louis and Iron Mountain,
branch Of the Missouri Pacific, reported
gross earnings from January LIST to JULY
3lst at S4064,290, and 8l7,46S more thar
last year,
The Mississippi and Tennessee railway
100 miles long, has a capital stock ofS825,
COO, worth co to "a in the open market
Its bonded debt Is $4,000, hrst mortgageC
per cents, series A and 100000 do,serie
b, the latter worth l05 TO l08, and tn,
former l20al25. The last financial rep1T
showed net earnings Of 49,, 492 agains
1886 the previous year, and 269, 819 tn
year before.
Railway 7 per cent issues to the Mem
phis aud Little Rock road by our neigh
boring State are quoted Mt SO in Ne'
York; there arc 81, 100000 of the series
Little Rock and Fort Smith issue Of Tn
same. amount TO 81, 100000, and are wort
69 Lite Rock, Pine Bluff and Ne
q Orleans issue are AZ, and Sl,36O,0O0 ar
out; Miss, o. and z. B. railroad issue
are AZ, and $GOO,00 are out; Arkansa'
Central are nominally rs, and $1,000
are out.
The Louisville and Nashville railway
earnings for seven months TO July 3ls
were S7,5l4,683, an increase over last yes
of S6l2. 100. The stock Of the roa
S9.7l6OO0 in $50. 1t was down 10 43.
on August 23d, also up to ll0K on Jam
airy 9Th last. In 'S2 II varied from 46
/ olOSX, and in 81 from 10 70 10Y. III
bonded debt ofthe system is over S60,00l
OO0, all Q and per cents, and some
series in all. The bonds vary In walt
from 81 GOAL 10, the latter for 7 per ce
consols due In 1878. The miles of rol
owned a year ago was 1913, and Least
roads 202S Niles.
The earnings Of the Memphis al
Charleston railway for the seven mont
ending with July 3lst ofthe present yeI
were $685. l9, IN increase over the aaI
tine last year o 1892, l78. The road is 2
miles long, including the Somervi
branch, fourteen miles, and the Floren
branch, FIVE miles, and lis stock amour
TO S5,8l2,725. The value Of the latI
dropped to SAX on August 18th, and "
up 70 55 last January. ION August oath
advanced TO AZ, upon news being cirC
Iotad ~ favorohle arranoomonf In
gard to the lease TO the y. 4. a
Va. lines made with the Richmond d
Dhnyille company. In 'S2 il luctuat
between AZ and 824, and ia 81 betwu
d am 90. The bonded debts sl,2G4,C
let m,rtgage Is, due in 1915; NlO00,0O0
7s, duein 1885; 1,958,000 consolidated
OF whi@ Si,400, 900 is.on 81 miles Of I
road pasing through the State Of ~
neasee. lhe latter arc worth l00ali2
and the trmer l06. The net earniT