New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-02

The foregoing statements show income Of ell.
97i s42O7 After dductlng properly charge
able thereto. balance for the year o. So7Gs.
GLOSS OF this paid dividends Of six per
being in the amount distributed to tho
shareholders Of al :53. 7245o. compared with 1890.
and balance n 2oS 3s transferred 70 the credit
q profit aud los. making the thereof at ,he -nd
q the year f2i 33i s3i.33.
The above results BE- considered quite -assctory
IA u depressed condition Of the mining and
featuring Interest," upon prosperity which the
II your Company largely depend The dividends
declared amounting b. about seven millions Of
dollars exceeding. both In rate and amount those paid By
81 ne large railway systems toversng the terri
toy occupied by your lines. While the line. Of
Pit,sbuTg. the show volume
Of the results better than Tor 1890 both
tic Penn, ylyanio Company and tn newly consolidated
rltt'bufg. Cincinnati, Chicago and 81. Louis Hallway
Company showing increased surplus ell liabilities
aud the latter Company, in FRS; year Of IL operation
being able TO dividend It, preferred stock
SINKING FUNDS
Under the provisions consolidated mortgage Of tho
somptav. 1894 80 apart the dsy Of July
~ out Of the nct'income. as sinking fund for the
dcnpon Of the outstanding bonds secured by that mort
care. None Of the bonds could bc purchased under tho
terms ~ the Trust nd te placed the credit
% the trustee" for Investment under the ~ the
There So $40 s33 81 cash securities IN
the fund for rhe redemption OF these bonds.
The trustees Of TIM sinking fund for the redemption
Trust certificates Issued the purchase u the
Of capital stock Of Philadelphia Wilmington and
Baltimore Ra'lroed Company were able purchase only
$4,000 of these securities during the past the limit
ns'd In IN" Trust agreement Tho total Of these
corincstc purchased and cancelled December Pit 1891
Is s2,09l 900. leaving outstanding 81 900 600
Under the prov Ions of the four per cent. Equipment
Trust Gold Lo H. there WIZ paid y the trustee during
for the sinking fund the Of sli4s50 The trustee
able 10 obtain sl4l 600 Of the bond the price
In the Of the balance 90 eco. together with 900 a
remaining last year. Invested In eupnen under
tine terms Of the contract and hs ~ e03s75
In the hands Of trustee for future invc.tInsnt
There. In the linking fund. bor tho redemption
Of obligations Of various companies forming tna
United NewJcrsey Rlro,d and Canal Company sscurtie.
OF the par value Of si33 600 and cash balance unln
voted by the trustees Of ssl 3s2f makhs aggregate
Of - ,3I5.21 -
The funded debt Including mortgages rnn estate
ground-rcnts. Is ~ 900 1853 decrease s2I7 600
during the year, explained c!lGws:-
philadelphia. Wilmington and halnmor. Rnil-
ROD. ,tec. trust certiacstes redeemed $1,000 90
Mortgascs and grsund-rtnts rsd......... 20 OeO %
CAPITAL STOCK. ' W
Tire of capital stock outstanding the close
year sl20 I'll 20t increase OF 80 0s9 $780, iue
70 the conversion into capital stock OF that scrip
issued account Of the dividend May 20. 1891.
SECURITIES.
During the year there increase In the cost Of
securities OF al ilGO4-.j5. and increase IN par
value thereof Of 1926. Jl2. Il.
The entire Of securities Of other corporations
held by your company Is sl1i 500 7sI7s and the
direct received therefrOm 81 S52 lSi which
continues to be Of the Interest your funded
| debt
CAR TRUSTS included in above statement Of funded
debit
Further provision made during the year. under
the Car Trust sysem. for the equipment Of your lines
by the Of ~ OBJ 900 Car Trust certificates bear.
ing per interest. Under this authority
hopper gondoos have equipment Of the
Line special service In ton with the
suquchsnna Coal Company, and 925 box furnished
% the PeGn-yiysns Company.
The 20 81 PLACID your lines east
and Of Pittsburgh. including
those sub-caseJ affiliated lines,
through system Of Car Trusts,
cost m $20, 457 600 90
Total amount Of certificates redeemed TO December 3Ist
1891
In full payment for
201s4 cars..........sll 1891, 900 90
In partial payment
for 80. 1875 cars. 7,475O00 DO
Balance OF certificates outstanding Deceni. -
her oist 1897 o+oooo %
There has been expended for construction. caupnsnt
ard real estate follows:
pennsylvania Railroad and ~ SOS sos 81
nj wi K