The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-04-16

mainly local, can assume more aggressive ndepen-
4 perusaI Of the investment problem, prepared by
Glendenning Co., will give some tangible explanation
1t is interesting to noe from our schedule of street
railway traffic in Philadelphia during the past two de
cades the marvellous growth that has taken place from
year TO year in the number Of passengers carried by the
different street railway companies of this city.
We say marvellous because this iuc,eusc is occurring
year after year, almost pcrCeYcd by the unutcre~cd
citizen and it is only when the figures for recent
year compared with those of few years previous that
the increase is dscerncd
The onstantly-lrowing volume is quickly observed
by only a glance at the schedule but it is when the in
is placed upon basis Of percentages that strikes
whilst the increase during the first decade s70lSSOl was
great the increase during the decade just closed 1850
The Citizens Company tenth and Eleventh Streets
during the first decade increased 81 per The second
decade, however showed further increase of only 81
per cent. The increase from 1870 1890 was Il per
The Frankfort and Southwark Fifth and Sixth
Streets increased during the first 66 per and dur
ing the second showed further increase g6 per cent
The Hestonvlc increased % per cent during the ir.
and added 80 per cent more during the second Total
increase 20 per cent
The Ridge Avenue increased 80 per cent and A. per
cent additional respectively. Total increase cent
ne Second and Third streets increased Il per cent
and % per cent Total increase As per cent
The lines comprised in the Philadelphia Traction
system Operating the only cable line in the city showa
greater increase for the twenty years than any other i'm
the city, the increase aggrcgang $50 per cent.
radical change in the motive power of many street
railways during the past few years and ENLARGEMENT of
capitalization in consequence thereof has been the cause
Of bringing the shares and bonds Of those companies
moro prominently to the attention of investors
The North Chicago street Railroad Compauy~ annual
report just issued shows net earnings for 1880 increased
:653 the net profits being 10 per cent. the capt.
tai stock of Sj,COOOOO
On North Chicago stock there has since been am adj
vance of ~ per share and on West Chicago profit OF
Sl&7 per share
BY the percentage analysis already shown indicating
the eNraoultuarY increase i'm street railway traffic il
hermdy observed that there is not another form of in
venen that can be compared to the securities of these
companies.
Not few instances occur to us where a horse road
which could not pay operating expenses was made to
pay large dividends by merely using electric equip
ment. Take the Lancaster City Street Railway CO
which, at its last meeting submitted report for 1890,
WhIch showed passenger traffic of $4,000 persons
compared with 247OOO the previous year, when they
used horse power
The Pleasant Valley electric lines, Ptsburg, used
to run one horse hohail in 1876, when they only
carried 94G,72 passengers earning about $4,000 clear Of
expenses In 1856 ten years had only increased this to
lG5sOO9 passengers yet the little Pleasant Valley had
audacty to introduce electricity Last year it carried
45s9O passengers the receipts 1921 S79 and the
expenses only $l53G44
Gable and electric railway stocks and bonds form one
of the safest and most desirable investments of the day