New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-14
CLOSING PRICES OF rHILADELrAIA STOCKS.
MANHATTAN RAILWAYS ANNUAL,


The annual report of the Manhattan Elevated
Railway for the year ended September 80 strongly
marks the growth of passenger traffic within the
city limits During the last year it carried ] 10
4e743B passengers-an increase of s,967. 9S7 on
preceding year, and an increase OF 2O,534,2Ol on
the year ended September 80, 1897. The masn
tude OF the increased traffic is better comprehended
when il is remembered that only ten years ago
the year ended September 30 1570-the total traiic
of the whole system amounted only to 46.045,ls 81
passengers, or only little more than double the
last years increase over that of two years ago.
AS ompared with $40 the increase Is 33.452,252
passengers. In the meantime the city's surface
raj lroads have multiplied and are al doing a good
business. This is progress which the latest
young fedging of an expert accountant In Wall
Street fails to appreciate; and hence he is Dusty
occupied in placing all the railroads Ill receivers
hands, on their increased first charges. being en-
tirely ignorant of increased mileage and pOpu-
ation of 100000 900, against one OF 4O,OOO,OOO,
from which all his data is drawn The net earn
ngs OF the Manhattan for the last year interest
and rentals ST. GA ,306-equal TO 500 per
cent on the capital stock. But if loud talk IN
brokers offices and persistent misrepresentatlons
can affect it, the early goal of the company is
" a receiver" From the net earnings of the last
year dividend Of l per cent, 100000. was PAID
in cash, and l-2 per cent in scrip. his leaves
the surplus for the quarter S674,406. The dlvl-
dend paid in scrip amounted TO Sill 1000: This
leaves to the company 81 100000 for settlements
of land damages out of last years earnings
The business of three years compares as follows:
Year ended Sept 30 1881 1855. go 1853. 10
No passengers card BOB 232 III 5 Ie9 II9AV 4o3
Gross earnings $SdO2 90 soJ1oo1l e5OoOcol
and taxes ..... 4o7o45O 52o1O5o 542s.so4
MET, Net ,ns s,:s,s 5I5 'fS 80 SO
Balance ...-....... a157sl32 sl,9is,741 s2lo4.4O7
Dividends paid 100000 10000 "l,4SOoOO
Surplus ........-.. els,a82 s5187n eG744O7
j PCT cent cash. 100000 and AZ per cent scrip.
THE NETWORK AND NORTHERN.
lhe New.York and Northern Railway Company
is a little line which Some years ago started out
TO be grand trunk line and competitor of the
New-York Central and Hudson. 1t got as far
as BrewsterS, ffty-four miles from New York,
failed and passed through the hands Of a receiver
and a reorganization. 1t now owns q branch into
the centre of Yonllers, g.. miles from Van Court
landt Junction. All there is 10 be said about it
is that under the reorganization IL last year
earned S32528 more than its first charges. and
that the whole of that sum, together with SS,9l7
carried over from October l, 1888. was expended
in construction and settlement" of old claims.
Yet the road is situated where the local traffic is
steadily increasing. The following compares the
business of two years:
Years ended Sept. 30 1853 1883; Differences
Gross earnings s5o2,72 $685. Inc sI,4Si
Operating expenses
and taxes 60G,50S E4,OS5 Dec. 81, e23
Net earnings ..::.:. e5O.22o so2 52s Inc. s30.So7
InteTest oo'VVo