New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-19
yLOSiNG PRTCES or PHfLADELPHiA STOCKS
L.un....L h.. InuA IL ID w. & 90. - val 81.
NnpNIsnNY. Jnly 1s-r. "


The OREGON ard Trauscontncntal Company has
issued lis second annual report for the year ended
June 30. 1888. The report begins by reStalement
of the object of its formation VIZ.
yrst-ro arauire aud hold IA controlling Interest In the
stock OF the northern Pacific aud oregon Railway ana
S,cond-ro promote the company's own interest az
holder OF suc stocks, b. the CREATION OF sch nh
arv Ey.tcns railroad, steamship ana steamboat hhrS
as w0ud tend TO protect aud tue transportation
business Of these Two corporltons. ,, $500, ,,
Thiri-IO engage In such other c0nmcfclh anu lhhus-
trial enterprises would tend to hasten ana wien tue
general development OF the states ana pay"S
iravcrsed by the Northern Paclhc ahd oregon ha""S
aud Navigation companies hhes'
The report continues by showing that during the
last wear successfully increased its capital stocks
1920, O00 from 500 700. 900 to TiO'OOo'oOo. VI
the increase IN capital stock $4,000 shares or
So 600 600 was ACCOMPLISHED by an OK
change for $4,000 shares, or $o.OOo'oJo
OF 70, the preferred stock OF the Northern
Pacific Railroad Company, aud the remaiHder-
s1L24o. 600 bysales in large blocks for cash to
various parties" The price at which tho STOCK
was sold for cash is not stated.
The ties for secrecy in tho carrier stages Oh
the company are set forth n follows:
Yonr BOARD deemed it prudent for the better protec
ton OF your own interest az stockholders not 10 lou
gate certain details OF The financial status OF the cou
GAM cspecay a. regards It's Investments during the
earlier stages OF Is existence ana untll te .,
the enterprise iu whose securities our largest lhVeslon
had b en- made viz, the Northern Pacific, was assured
nv The conpeton OF it's main line. As the lat con
symmntion will reached few weeks, an u as lils
company lag now proved u satisfactory earning capa'
city your Board noIonger see any reason LOT ~
this respect You Will lind. Therefore, In tne eAnpit
printed herewith, statement OF the hoiugs OIL .ns
company OF Northern Pacific aud oregon Railway ana
Nayi CATION stocks.
The report gives details in regard to purchases
and construction of branch lines. which are to be
"feedersp TO Its principal interest~-the oregon
Railroad and Navigation and the Northern Paclhc
communication which we have not space. The re-
port closes with anticpatons OF future prosperity
as follows: al .
The regular quar- tery Dividends Mt tue rate OF 10 PCT
cent per annum on the companys hodlng OF Oresou
Railway aud Navigation STOCK 10 hceruo uuinh '"' e
rsnt fscal year, will be as follows;
An, ,osa Of nor cent on 90 500 shares. S22026o w.
Nov 1894 40 psr cent In $50 shafes.... 3d. w
Eeh 4 1874 90 DOR l2S,630 shares I'll 90, o0
NAV l. 1884 ga cent Oh l2s6oo shares.. oNio' w
.,, ....... ST.. ieO.202 90
The Northern Pacific Company accounted 10 lts pre-
frrd for the earnings due 10 he on Jue
al 500 Tbers Ia therefore, due TO the STOCK the net
earnings for the year 1SS2's3 Inc main nno r WI
Rnt assuming that It will be operated as compiete
through line only for nine months out OF INC year %
Jnne DO 1874 there will be due TO the preferred STOCK
nm 10 the close OF our fiscal year. tho net ncve
on tho company, less mortgage interest, earheu
and to be earned during the last nIeeh months "a
during nine months Of operation AZ completed nhe ~
is understood that the Northern Pacino conpsn, WIN
divide regularly and In money from ana AFTER its 20 M
pleton Whatever earnings the preferred stock may y.
entitled to- We feel therefore Jdstined 10 nciuan a
DER cent on holding q preferred S'ock h oui s