New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-01

vi Denver Iol principal due November Il lvio
The total issue OF the mortgage Is Sf,ogo,voo, Oh
which the above amount is now lssueu Ior ,he
purpose of retiring S2,575000 Of previously issued
bonds, all Of which, with the exception n, vi ?t9J
900, will mature or become subject TO can witnin
this year, and also for the purpose OF meeting new
constructions from November !, 1880, 70 July ", l,
1891, and paying for properties acquired; Inc
balance, $4,000 900, is held in trust by the Cen
trail Trust Company Of New-York, ana can Oily
be issued at par from time to time 10 inee. sle
cost of improvements and property acquired alter
July /, SOL. The Denver Water WORKS, estap,
lished twenty years ago. have each year lhcreaseu
in value and the total increase OF their earnings
in the four last years shows the large amount VI
S217 1904, equal TO 1871 per cent The average
increase from year to year has been 234O per cent
The plant is the third largest private water WORKS
property in the United States The earnings OF
the company are largely in excess OF fixed charges
and long record Of punotual interest payments.
A conservative estimate Of the net earnings oil the
company for the year 1891. included In the pros
pectls. shows SiO5, 9s6, and after paying all in
terest on old and new bonds a surplus Of 81 s5,0s6
remains Purchasers at their option may pay for
fnII amount upon delivery of bonds or 20 per cent
at time Of subscribing ana the Dalance III VH az
equal instalments Of % per cent each on the nrst
days of May, June and July next, with an ADJUST
ment of interest at ) per cent.
Winslow. Lanier q Co. will pay dividends on
large number of securities advertised in another
00 RIackwell's Durham Tobacco Company, incor'
porated under O special charter granted by the
conducted by William T. Blackwell & co. for
twenty years past. and that of NJ. f. mcdowell
& Co, Of Philadelphia. The company is capital
lied at 81 900 900 in shares of S25 each. Seventy
thousand Of these shares are now offered to the
public at S16 &C per share, equal to a capitalize
ton of 500 for the entire business 1y
Waesrs a Kidder & Co., Of this city, who
have achieved n marked success in placing the
securities of similar industrial enternrses. notably
the Proctor G. Gamble Company. The net profits
Of the two concerns. now consolidated. have
dnrinT the last four years been equal TO 8 IL per
cent ON the par Of the capital stock. and over
IL per cent on the price at which the stock Is
now offered The company has surplns OF
$500. $50. of which about one-third was brought
forward from last years business. after paying
S24O.OOO in dividends. The only liability of the
company ON account of capital is funded debt
Of S300 600. payable at the option Of the com
many The company has assets of Ss22.6S0 in
excess of all liabilities without taking into ac-
count good will and valuable ,Isue mgrK S+ oq Nv
Messrs. A. NJ. Kidder e. Co. also in PHILADELPHIA
Boston and Chicago. on April g: ana 3;
summary Of the prospectus prlnteu IN anoG 5s
''N''s' RAILROAD EARNINGS.
KANSAS CITY. MEMPHIS AND BIRMINGHAM.
Es8g3' s %.,si 5s 5s ss: $
MEMPHIS AND CHARLEsToE.
SSRS;; s Hs9.; ~ ;sss &c Gee
OHIO RIVER
Number OF miles. 215 40 2O9 -, ~
Third week in March. slO,39t Sp's4o riiiyoaa
Jan. I 10 March IL. 1O3.lW l2l'lTZ lll4l-
NEw.YoRK AND NEw.ENGLAND.
Month Of February..... s3S5.7l3 S399Og6 Sidd1Sd
Jan. 1 to Feb 2S...... 19S,2Si S35,4lo ooooZu
RIO GRANDE WESTERN.
Month OF February 49,
Gross earnings S95.S33 G9J453 El03 I'D
Operating expenses. 67,SO2 166Oe lOIoZ'
Net earnings ...... SOS, 031 1884 s460oS
July IN Feb o. . ... -. ., m,
Gross earnings S0SBSlS Sl,O5zQb1 Rl,ooI w
Operating expenses - 6f6,S3l 609Oi2 o3oU
Net for Q months e336 4s7 s8s3o25 se25061
EFFORTS OF MERCHANDISE FROM NEW-yoRK.
1880. 1890 1901.
For the weok. ..SGS13,504 sb97lS13 sS,blL745
Since January LIS 6S5,2S4 e1eSl,2Tl oSz4o,loo