New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-07
1885,,
1892.

The amount expended during the year capital ac.
count on lines OF Pittsburgh 81 i35 4+O.l1
The capital expenditures upon these lines indicated
in the las. report large during the past
year Nearly 400 miles OF tack were put under con-
stucon Of which $50 miles had been laid az the
the year, and work upon the r'nnlndcr Is being
vigorously prosecuted. Extensive additions also
maze L, the equipment including 50 engines and 100
passenger coaches
rhat portion Of the Toledo walhondins Valley and
Ohio Railroad. 40, mile, length. lying between CO.
shocon the Pittsburgh Cincinnati Chicago and ST.
Louis Hallway and LoudonNile, Oh the Pito,ouyh fors
Wayne Chicago Railway has practically been
pietcd will shortly be opened for traffic This line
only forms connection between your southwestern
northwestern systems but also affords N tho
direct between the coal nelds OF southern
Ohio and the lake ports. IL is believed that t will
provo satisfactory Investment and tend largely to In.
the OF the former Northwestern Ohio
Road a constituent portion OF It's line.
1h.rc were used Ia and repairs the
northwestern lines operated directly in your interest
201 OF steel rails, and the southwestern
lines 1880 tons. making an aggregate of 3S.197 tons
In order to Increase the capital stock Of the Pennsyl-
,ana Company met lis financial requirements. your
and paid for the at par in cash. maxim. the toai
amount outstanding s2i ,0O0. 00O
SINKING FUNDS.
There have been redeemed through the sinking fund
81 CS2 900 OF TIL 80 coo OF the
Company's six per cent. bonds secured by Pittsburgh
Fort Wayne AMI Chicago Hallway Company stock col.
LATERAL leaving the amount outstanding Sil0S 900. No
further rcdcmptons could be the four and half
cent bonds secured under the $50 900 mortgage
Of that Company that the outstanding the
close OF the year was Sl0461. 900.
The report made by the Of the sinking funds Of
the first and second mortgages OF the Pittsburgh Fora
Wayne and Chicago Railway Company shows that the
regular annual payment OF 100 made thereto
They redeemed during the year Of first or
gage and sli1o0 OF the second mortgage bonds making
the total amount redeemed to December 3lst. 1892
First MORTGAGE bonds - 20, 500 90
Second mortgage bonds 49, 700 %
With balance OF cash in the hands Of the trustees
invested, December 3ist, 1So2:-
On account OF first MORTGAGE sinking fund 1901 4ss OIL
On account Of second mortgage sinking fund 07 IFS 10
Total Sos CSC II
The further OF slSs, 9s2 81 added to the
sinking funds provided for the redemption Of the existing
mortgages the Cleveland aud Pittsburgh Railroad Com.
pany, addition the amounts contributed directly
other sinking funds by the individual companies
Under the provisions OF the sinking fund established for
the redemption the first mortgage PER bonds
Of the Jerersonve Madison and indianapolis Railroad
Of the constituent organizations OF the Pittsburgh C-
cinnst Chicago and ST. Louis Railway Company 500 600
Of these securities had been redeemed December
1892 leaving outs stu sstssooo The trustee had
also hand $l0 OI203 which has since been applied
The further redemption OF the bonds undr the Erns
In pursuance Of offer made holders of the five
6 sS q 81 s s' sS s
been exchanged ior eon.odated four AMI oncss Yer
EoS. 0H Gsw g, thS r
600 bonds OF these underlying. securities;
Under the arrangement stated IN the last report $685. OO1
of bonds OF the Grand Rapids aud IN
diam Railroad Company have bcea at four and
half per cent the total converted at the
end OF the year Sl $50 90. There are vet out
standing ~ 12S 900 OF the guaranteed s313O06 OF the
unguarantecd l'nderant and S35000 OF the anderans
nrst mortgage bonds OF that company.
The land apartment made sales Of n G52 acres Of farm
34 Of pine land Tor aggregated nr.
q 1921 $500 cling an average price OF $1,000 per
cancelled contracts 5Gt 90 the aggegIt
price received therefor ~ 800 20204 average OF
$1,000 per
The assets hand December 3ist 1892 applicable TO
the redemption OF the first mortgage grant bands were
Cash In tho hands OF tile trustees. fSOf Ifg -
sash IN the hahds OF ctshler 87SJ 81
Bills and accounts receivable la hands OF
cashier o,0.5o0 10
trustees sossis os
AVN o10.SQQ a.