New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-21
CLOSING PRICES or BOSTON STOCKS
WESTERN VANDERBILT LINES.

Thursday December 2o-p. m.
Much interest was fe,t in the action to-day Of
the mana gements OF the various Vanderbilt rail-
ways in the West on the whole. the result was
satisfactory. No extra distributions Of earnings
were made. but the regular dividends were de-
cared. Decision in regard to the dividend on
New-York Central was deferred. gen
orally expected
LAKE SHORE AND MICHIGAN SOUTHERN.
The directors OF the Lake Shore and Michigan
Southern Railway Company declared the regular
semi-annual dividend Of per cent. payable on
February l. The gross earnings decreased for
the year $416O9sS. 1856 per cent This was
due in large measure probably. to the decrease
OF passenger traffic. The decrease Of gross earn
ings as against 1892 was s2.s9O,4S7. The de-
crease in net earnings for 1894 was sls5.454, as
compared with 1899. \ larger loss in the net
was avoided by the reduction Of operating cX-
penses which were cut down $3s65.534 below the
expenses OF 1898. and $2644,sll below those or
1892: not until 1889 do We find so small "A sum
for this item. Doubtless IL Will be said that the
road was skinned" this year 10 make good
showing and that the process was Only laying up
a larger burden OF repairs for the iuture- ~
must not be forgotten. however. mat IN 1872
and 1893 this property was pun mo any KIP,
in. fine condition the cost OF which was charged
entirely to operating expenses as mas been me ne
custom since 1883: while. therefore. IL cannon DE-
positively asserted that the road mas not Deen
skinned" (snce only condensed synopsis ol
the annual report was given out to.day' yet II
certainly was possible for Lake Shore 70 get
through the year with decidedly reduced eX-
penditure for repairs without letting the property
deteriorate ruinousy The percentage age OF ope per-
ating expenses was 6739 for 1894. 1229 for 1893
and 7O47 i'm 1892 The surplus balance was
s3s 576 against 1928 654 last year s26ssS' In iSs1
sI7l470 In 1891 and $332.5o3 IN Iss': me Ioiiow
ing table compares the rec1lt OF ms years Dusi-
ness December estimatedj with the actual re-
suits Of the two preceding years;
~ .,os. So ls IS $3.50 sss 'ss aas seasse.,
ofeIsse expenses ". 10 soa 100 isi5ss7o
Net earnings .... .oel?Is2 50 se2 o2o s. sse 5ce
Surplus s. sse sS5 oG s 500 SSS
Balance ............. SECS So SOS ga s3s.'7e
MICHIGAN CENTRAI-CAAADA SOUTHERN
The directors Of the Michigan Central declared
a semi-annua dividend Of per cent, and the
directors Of the Canada Southern DIVIDEND TOT
the half year. Of IA per cent. NO additional, OF
extra. dividends were announeea 20 ooo me ,i 10
earnings Of the roGd fell off s34'S,ooo, which is
not Unexpectedly large; but the operating eh-
penses cut down sS11o0oo below inc amour, an.
of last year In this way the net loss Tor 1884
IL kept down to $363000 and the inevitable re-
mark will be that the properties must nave peeh
allowed to deteriorate. The following table com
mares the results OF the combined roads Tor this
wear December estimated) with the actual IT,
suits Of the two preceding years;
1892 1898 1894
cros. earninrs.. ;l5 3Os 2o2 $iGI7s0oo $l2 7oo0oo
Operating expenses and o.a,. .. ooo ono q ,-q ,o6
........f...'.'' itV9""'f '-'-o''V''
Net earnings $3s62 l9s ~ npoO ~, o.
Interest and r"ntals..'. %sof:o' -''-'
o,,s for ar 81 457 s3t SI4ssiS4 sI.l2G VO
rf Cdp%sriI 10 "g"s " io77IS Io3i7s7 so3oo
p. sap2,a2n 10 ana'i sso7i, 45sO7 1923 600
rha oxriti, oe Michigan Central alone il APP
pended: COO, 80, ,so,
n, ssr. iii "a ""s' is ' :::
Iotal .'''''''''''''' = ir1o G0i 1910 COZ 740j2s
e,r,,,. 1888 saee7e ss7.47s
The dividend OF per cent compares with a
dividend Of . per cent and lh extra Tor SAM "a
time last year. Books close December ~ al l. H.
and reopen February 4.
Also Canada Southern alone
Net earnings. sase5ds $500 sSt1 ''- .'''
rata, ....... s4os2ie s4ss. 900 s$2s coo 6.s,
u vIdends ............ 10000 10000 o'o'"''
prsx'ns surplus. ...... cIs,N6 1882 i"''"'
r,,., si7c.es: sIsoses sias' 500
'Dencts.
rbe dividend of IA compares with DIVIDEND
os ln per cent and " per cent extra ior me sa'r
:. ' - lat year Books lose December - at IL
M and reopen February g. .n
on THE STOCK EXCHANGE,
rho market was adrift this morning, but re-
ooyerod ,ater on the declaration OF the HdhueI
h,lt dividends and a covering OF shor' ILL., ILL.,
pi. OH. The statement Of Lake Shore was consiu-
tha