New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-31
OLOSING PRICES OF BOSrOv STOO6S
BOSTON, Dec. 80, 1896
TUESDAY. Dec. 3O-P.M.


The Vanderbilt railroads, excepting New YorkCentra,
made reports to-day OF the results OF the business for the
current year ending December 81 OF course In all cases
the figures are made estimates for the month OF De-
cember All the statements are gratifying and encourag
ing exhibits they all steady progress in their net
earnings first the last quarters OF the year.
LAKE SHORE AND MICHIGAN SOUTHERN.
The Lake Shore and Michigan Southern statement
shows earnings for the OF 4S4 per cent on the
capital stock against 90 per cent for the year OF 1850
when allowance made for the sinking fund the per
cent earnings in each year IA reduced nearly . per
cent The present statement does not Include earnings
from other sources which in 1854 amounted to S799lO
and In 1855 to O7S7i1 in tho suboned statement OF
comparisons these items omitted from the figures OF
1884 and 1885 1t Is probable that the receipts from
other sources this year will coverthe $25OOOO required
for the sinking fund but in the suboned statement that
amount charged against earnings in the nrst charges
of each OF the three years.
YEARS BUSINESS
Cross s..; sns, ne" s45,84 sSssSlc
op psd taxes. ol3S522 e2s7637 s7Osls5
rerearn,nr, so7ioooa s4s.o.ooe so,II7.4si
ing fund '.. 3,72O67O 4ll7,45G se69,ls5
Surplus for the year. si.eo9892 s79s6l3 s2,l4s.s40
Accounting the estimate for the month of December as
being appro ximaely correct as 1t undoubtedly Is, the
net earnings charges for each quarter OF
proportion of the sinking fund, follows: -
gu 'rter ended March 81 1856 .........-. s27i9ss!
Quarter enGed September 80 1886 .......-... 7232S9
Quarter ended December 3D. loSO.--.-.....- 9'o'9eo
ro,,, for ve,r ............ 2l4s.Sts
Thus II is that the net earnings OF the last quarter
of the year first charges and sinking fund were
nearly per cent-the Of dividend declared upon
the stock-and the last six months that the net earn
ngs over charges and sinking fund were i4 per cent or
at the rate of 6ss per cent per arfnum
MICHIGAN CENTRAL ASD CANADA SOUTHERN
The statement OF these companies shows surplus for
the year OF 81 322.0J0. which Is gain on 1883 OF
81 296 ooO But as Is the with the Lake Shore and
Michigan Southern IL is the las six mouths OF the year
which shows the large earnings. OF the total net over
first charges for the year $4,000 earned in the
six months from January to June 80 and 81 ,l2s.000 in
the six months from July to December 81 suojoned
are the comparisons for three years
BUSINESS THREE YEARS.
s3SI 500
met 'ssss7ss sg9sSSS
Balance............... s6l8ls s2e.oaO sl,822.OOO
Michigan csp54 1888 s sSSSS
Total balance s6l, 84s s2GO3o sl.S22.Ooo
The current years statement omits tho receipts from
other sources which Michigan Central were III 1884
SO 1913 and in S722l6, and therefore that item is
1885 know OF reason why II should not be for
1886 approximately equal to the sums for the years
named.
The Michigan Central dsposes OF It's proportion of the
Joint net earnings OF 1856 as followsi
Dividend declared per cent 20 oa
Expended Tor land
carried 7'-'-''
Total.
The Canada Southern dsposes of its proportion OF the
Joint net earnings as follows
Dividend declared, = per cent. SIC, o0V
surplus carried --I'ooo
ro,at ............... $40 900
CLEVELAND COLUMBUS, CINCINNATI AND INDIANAPOLIS
This company reports business which shows net earn
ings $3.50 900 greater than those OF 1850 anu SUI
after OF first charges ana Tor Dettcrmehts OF
SlOI 003 against deficit or $s03SZo Ior the year Oh
1885 subjoned the comparisons Tor the TWO years
,y.ors anaad pac al 1885 1885
Operating cxpenscs..--..... s''-'-' s'oo'''
Net earnings. Si'soS'l'A S-'aoi'ooS
Frat charges ........ s20396l8 S2O46652
Equipments aud bettermcntS 3oo5ol 3Oooi'
Total deductions S2,34O.V9i S2,3ooOsS
Denclt................. $S63.s26 ..............
The DAVIS stock speculation simply q continued
reflection returning confidence In the general sltu
ton the earning capacity or properties generaiy
4 ID urssr mr.