New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-23
-, o,,>, ppIcrs OF pHILADELPIIlA sTOUNS'
vAvDEPmLT WESTERN LINES.

P Psn Ellie. 49,. Met TractO" '..'l'o i''
VANDERBILT WESTERN LINES
Thursday, Dec PEP. M
~, .o..r,o,,e nrca,ntcd BIZ some of the Van
derMlt railway companies to-day were lar from
: .o+isf,ctorv There was considerable III
o,oos IN grosa earnings. but this was buried nhoer
, ,roatar increase iii the cost OF operation !"
the ca4e of Lake Shore. for instance, the 4r"s'
earnings were larger than they were III the Pr'''
ou veor nv over 81 900, 000, but the net earIil-'
were smaller even than they were IN lo"o' iV'
,his reason il can hardly be inferred lha' u"
increase in working expenses has been cause"
wholly by preparations for the Coumhian f"''
lake SHORE AND MICHIGAN NoC hEhN'
The directors Of the Lake Shore and Micm3ah
Southern Railway declared seml-anhuai VI,
dend of 3 per cent, payable on February l. l"'
GROSS earnings in the year were the IarSeS' !"
the history of the company. hut the oPera'I''
expenses were increased even in larger pro-
rortion Nothing has been charged to cohs'ru'-
elm, mr. continent since 1883, and. conse iuehtN'
the comparison with previous years l. on 'l'"l
forms The outiays for repairs ana p'r'h''e"'
imnroy emcnts amounted 10 Sl,ol 1ooo' "Hdl"N'
y $40 O1O in the prccc ding year, ana ci'o'V'""'
in $50 There mus; be some other reason 'h'r'-
fore for the increase in the percentage oil "pcI'-
inr eNprnses wlicn was 1O.4', against oo@' IA
year. 6sl5 in 1890. and 6593 in 1859 Inc
funded debt Of the company was reduced ~
500. 900 by the operation Of the sinking fund.
ri. following tabl. compares the result of this
voar', business December estimated with the
actual results Of two preceding years
BUSINESS OF THREE YEARS
Year ended Dce. 81 1880 -, i sgi tsi -, Gco1
Sp 5S,, oSicn, tsi iis:g52 l.o:GG.o
EN-, vt .sss: = ss st3: ' ssa:5 1850
D,;ggs. for .5 $685. ' as5 ;'S 50 $50
p,,,,.. sss2.553 s47l4 sSo2oio
MICHIGAN CENTRAL-CANADA SOUTHERN.
The directors of the Michigan Central Railroad
declared seni-annual dividend oil per ce.t' "'l'
additional dividend Of ~ per @,n,, anu rno G
r.cto,s of the Canada southern Railway r'suiH
dividend for the hall year of IL Fer c''nl' di!
an extra dividend of IL per cent. Inc SlH,cinrm
of the TWO companies showed ld' nlu"tsI'' NOR
tral had earned in the year little over Ia per
cent against i - per cent kist year. any Una,
,anada Southern bad an apparent sIrPHs %
Sl9G,4l7 after tie payment oil l's ui'Iu ,',
,p-apportionncnt Of the earnings OF the TWO com
pani,s according TO the agreement hialc IN lo9-'
will be equal 10 Dividend oi - per c'II Oh H.
hare capi1al of the Canada southern. Inc SUI,
,oimed statement compares the partially estimate
rctII,n for ths year with tie actual results IN TWO
BUSINESS or THREE YEARS.
1s., qo 700 l.. Geo I ,4SSo5
xo, earning. . ~, 5000 sio35oeo :9.g5i o99
Ih"r's- anu ''"' -,----- ----
surras 70. yer- $4,000 $4,000 si,'l'o'o
fo ., Sant tx $4,000 $1,000 @llls oo'
rF l 6,iSl 10 '.n'ul $4,000 1900 4o1 ooo
WHAT WAS DONE IN STOCKS.
In spite of fresh declines in Chicago Gas and
DjstlIinq and Cattle Feeding. the stock market
.lv Ii
resi-, ance to the efforts In behalf OF lower prices
In these later Gays II $ OF huIr con'e.l' tr,,
whether Dstilng advances or decIin's Jew
p,r cent Moderate fluctuations III Chlca3" "dH
mi IN have some meaning, If II was not 50 wen
understood that they were wholly Sl%culftNr
Distilling may be- advanced, or lOweIc l. accori
nr 70 the Wins oi INSIDE Interests, and opros
ION gaS companies in Chicago viii sp"lnS up
Whenever good turn may he made III ~ SOCK
Both companies may he making hiIIio,S a.,
money, but their c1lning> have nothing u q"
with the market prices al the Stock tNchang"
Next to Disilling winch WIS nr't IN point oi
activity, Philadelphia ana RoadinS vas the mo
ctivc stock II mO"cd within a range Of per
cent, and n cU>'d ~ is inst price, with I"~
| of 4 per cent. The largest final losses yer"
made by the Vanderbilt stocks on IN" publira-
| ion OF heir yearly statements, which w'rc e.
| tremcly dsappointine While the final vIiation.
were declines. the closing was in the midst Of
| rally, which deprived them Of meaning. Foreign
| .Xchangrs wcIc strong. but account % the
holidays no engagements OF gold for expert were
| possible
| THE DAY IN TIE BOND MARKET
|
There were no transactions in Government
| ho"d, OF the Stock ENchahs" nut the market was
| ;te&iy al unchanged quotations:
BID AsAea B.1As4sI
| C.S.4ls ls9l, con. u.S.cur G. ieoS.. iVo
unrcc NJ per .c.cn IS a. o. ~, 10
- , ,,., T"Sc ., % ~ IT, ''''
! CT's'4s'i'o,. 's Ii9t ii4i L sour G,. 500 III 1870
~ l, ~. 80 ~ ~. i'''
The business in State issues was limited to
small sis of Virginia deferred Cs stamped at
6l-4 OF city bank STOCKS Continental sold a.
| ~ I33' E4S' ~, 49,. y ,i ar ~, 10
| AT -ol ana western -'"'''i"l ,''I ~ -.
| - H., ,narv c.scs H.. odvnnces n,ad.