Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-24
THE RAILROADS.
A Handsome Book Descriptive Of Texas
Issued by the Missouri Pacific.
What Henry Clews Co. Have to Say About
Railroa Misunderstanding of New Stocks
on Wall Street.
Hnne Notes.
Missouri, Kansas and Teras.

Despite the adverse circumstances IN
der which the railroads of the country
labored during 1888, the output of roll
ing stock exceeded that of 1897, and also
that of any preceding year. The rec
ord shows 2ISO locomotives, 50 100
freight cars and 247l passenger cars. In
1887 there were 2044 locomotives, 80 POI
freight and $50 passenger cars.
-
THE GAZETTE is IL receipt of a hand
some little book entitled Summer and
Winter Health and Pleasure Re
sorts, which is issued by
the general passenger department
of the Missouri Pacific railway.
Beginning with st. Louis the author has
written up many of the cities, towns and
resorts along the line of the Missouri Pa
cific, Missouri, Kansas and Texas
ard Texas and Pacific. A
number Of fine illustrations of
buildings, scenes and resorts in Texas
are found in the work The work con-
tains $40 pages, and the company de-
serves credit for the splendid manner in
which it has placed Texas before the
country.
Boston reports say that official assur-
ances are given that the net floating debt
of the Atchison has not been recently
increased. The Chicago terminals have
cost So 800 900, for which bonds have
been issued and sold. The total cost will
be about Sc, 500 600. AtchisOn had to
advance money for fixed charges for sew
eral branch lines, but outside of Sonora
interest such advances are charged to
income account, not to fixed charg
ges. This is said TO be q wise
plan, rs this year Atchison received 81 -
600 600 for advances to Atlantic and Pa
cifc, The present bookkeeping method is
said to prevent the publication of earn
ings and expenses of the 1000 miles not
reported The new auditor of Atchison
is quoted rs saying that with the money
from the 81 900 600 notes paid in the
company will have no floating debt March
/, 1889, except these notes.
-
The financial circular OF Henry Clews
& Co. of date January 81, has the follow
ing: The situation in Wall street shows
little change from last week, the outlook
for the immediate future still being
wanting in features of particular encour-
agement The passing Of Atchison 5
dividend, although not any great sur
prise, acted not only rs a damper upon
the whole market but also served to draw
fresh attention to the demoralized condi-
ton of railroad affairs and
cuunteract whatever buOyancy
happened to be developing itself
The truth is, stocks have not yet recov-
cred from the war of rates which pre-
vailed in the latter portion of 1888; and =,
while insiders may have been fully aware
# the havoc made in earnings, net and
ross, the outsiders are only just be-
.oming more familiar with the extent of
hese losses as the facts become better
lnown The Financial Chronicle pub
ishes a statement of gross earnings on
seventy-siX roads in November; these
earned $40 $50 900 gross and Sl4 ,203 900
net; the latter a decrease of 81 Alb 900
for the month, compared with the same
month in 1887. On seventy-two
of these roads, including all the
great trunk lines of the country 1.-THE gross
earnings from January ] TO December
/ were 1895, 800 200 in 1888 and S3S2 =
500, 900 in 1887, an increase of SIS. l00.-