New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-04
Total liabilities sl7al2s527 si76156 COS Dec ST. s72 9l9


current liabilities interest. pay rolls rentals and
cSntnpent assets include Marine National Bank,
ohsr companies for advances s5lo.3l3, L. K and W.
dry Individuals and companies s23s.o99
While large OF money were expended In restoring
the road proper condition To meet the requirements
OF its trae-sums which should have been expended In
previous years under former arrangements for mainte
nance-the economy OF the new management In operat
ing the apparent in every department. In opera
ing the York. Pennsylvania and Ohio Railroad for
the year ended September 80. 1884, the Erie Company
lost S27O2Sl and for the year ended September 30,
1885 the loss $3.50 s20 total loss for the two years
S5lOlOl Last year the Erie nctted profit OF $SO.321
despite the its connecting link with Chicago
the Chicago and Atanticwas operated adversely to the
Erie's interest
The traffic of the Erie Company in the last year shows
an increase 1858 per cent in general tonnage and OF
IL so per cent in the mileage and the earnings per- mile
on general freight increased S95 cent The coal ton
mage increased 3O4s per cent to s0O858 TONS and the
coal mileage increased 1857 cent but the rate per
mile was decreased 8. 70 per cent to .537 cent
Tho messenger traffic increased g. IL per cent while
the messenger mileage increased only $780, indicating
growth Of that element OF permanency. local traffic
The earnings per passenger mile were All
per cont
II the Erie Railroad year had boon in the
physical condition that it is 1t Is SAFE to say that the
I
81 600 900 less than they were and that hence years
would given surplus first charges OF
81 600 600 instead OF $4,000 Further expenditures
still necessary bring the property to its full earning
CAPACITY but operations and results OF last year. when
We've cd with u comprehension OF the difficulties which
had 10 be surmounted, guarantee that under
ent the Erie ond Is and funded IS due
r. 1969-eglty three years hence-wi never fail pay
their semi and that In three four
the common stock OF the company once moro will rank as
| one OF the dividend class
The stock market again was active and the business
| done was fairly distributed There still is irreg-
uarity Ia the movements AS there should be after GER
tain rece mt movements IN ancies but Is evident that
there gradual revival OF confidence In the general
situation and less fear If effects from possibilities OF
that drop ia Reading Union Pac1c OF 10 per cent or
| more In the Richmond and Danvie system would not
have an apprecable effect on the general list So to-day
there was strong manifested In the general market
| and some good advances made despite the weak
meas and erratic movements OF the specialties
ns|ed Lake shore with only moderate trsnsactions
! scnrrs an advances OF lss per cent Erie marks
Gain OF "a per and Newiork Central 2is per cent
| Inc western stocks were comparatively steady. New
Work and New England strong and closed y pei
cent Delaware, LackawaDna and Western gives gain
of 10 per cent and Pacific Mail closed q per cent
Iigher Fluctuations frequent with the bcs
OF he list but increasing disposition to purchase and
The Larger business OF the general commission houses
tended 10 a gradual Improvement OF figures Taking
ali An ALI tie market closed strong even for the fancles
Timer, was not transaction At the board In Government
bonds aud only small business OF the oces OF dealers
xios nm V per cent Tho bids for tho "currency os
which are comparatively low beside the A and 4s re
cents Indicate good demand Annexed are the closin
| quotations: