Morning journal and courier., 1888-11-20
nAILRaAn HAMPERS.
Annnal Report Of the New York am New EmGland-Bridge Across Gh Hudaon Rfver.

Annnal Report Of the New York and
 New England-BHidGe Across Ehe
 Hudson RIVer.
 The annual report of the New York and
 New England railroad directors is published.
 It states that during the year there was
 loss of revenue approximating $60, 900 en ae-
 count of the snow blockade, while the ex-
 treme1y low freight rates have affected the
 net earnings very materially, the loss from
 this source amounting to about SIPS, ,0o0.
 There were large outlays for the improvement
 of tracks, bridges and equipments, but the road is now in better condition than ever be-
 fore. It has been deemed wise to use the re-
 sources of the company in improving the
 condition of the road and equipment and thus increase its earning powers. To sc-
 eomplish this the directors authorized the
 sale of the second mortgage bonds remaining
 unsold, amounting to $63o, ,000, whian have
 all been disposed of during the past year,
 and they have also authorized the sale of
 2, 500 shares of the preferred stock, which
 was sold at price averaging about $1l5
 share.
 A contract has been made with the Hudson Suspension bridge and New England railroad company for the construction of suspension bridge across the Hudson river four miles above Peekskiu and of connecting roads in either direction to connect with the roads west of the Hudson river. A continued and steady growth in the traffic of the company is reported and indications point to an inc crease in net earnings in the early future. The total gross income for the year was $5, 268, ,499, operating expenses $3, ,511 ,090, net { income earnings $1, ,757. 317, increase in net
 earnings over 1887 s,444. Net surplus for | the year $31, ,449 In conseouence of the foil ilrIra af fh0 fN ! ratify the lease made of that company's road some years ago your bocrd has not felt satis- l fled with the situation in that respect and ne gotiations were entered into which have re- ! suited in 8 contract for the purchase of the property and franchise of that company for the sum of $10O, 900 to be paid in per cent. bonds whenever authorized by legislation. The rebuilding of the bridge acress the Con- ! necticut river cost $3e, TOO.
 The new Union depot of the Consolidated I road at Hartford when completed will add very much to the beauty, and will be in keeping with the other imposing buildings of | that city. When the depot will be complet- \ ed, or exactly when it will be ready for occu- 1 pancy, is yet unknown. Work in every de- | partment in connection with the building is
 being pushed rapidly forward, and by next spring not vesti0e of dirt or debris will be \ lying around, and the depot will be an ob- | ject of interest as we'll as other places in the ! city.
 All day last Sunday large force of men ! were engaged in grading and placing the i tracks about the depot. On the Consolidat- | ed road Roadmaster Lane had force of ! about 125 men at work between Walnut ! street and the tunnel on the grade, putting ! in rock ballast and raising the eastern tracks | on the roadbed. At night the work was practically completed.
 On the New England road. south of Asy- lum street, 8 force was busy making ready | for the work on the retaining wall. The south-bound track, which outs into the Cst- \ lin estate and which was laid last week, will be connected and used to-day. The north Do und track had also tosbe placed and raised ! somewhat Work on the retaining wall was
 commenced yesterday, and the tearing up of
 the old tracks at this point was completed.