New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-06


Previous amount TO rcIt.............. Gl SCo -
s2eoi3oi2 "a
Deduct scrip dividend - per cent. converti-
ID" INTO lib F"'
Balance credit - profit ana loss December
3ls 1888. l' ~
Notwithstanding the sever oppression which prevailed
all branches industry throughout the country. and
which largely reflected the and
necessarily III" results. Ia" foregoing statements
present quite isnc;ory exhibit for the year. In adj
dnon cash dividend ~ is~ cent; an extra diV
d"nd 81 per cent. In scrip. convertible into stock
paid Of the Profit Loss Account and rs large
II haauc, left credit ~ the close ~ the previous
year. This done after expanding s:lG32lo.lo in
strengthening lines. mp, grades. ana other 'N'iaor
binary renewals advancing - the Allegheny Valley
Railway IL" Of S2'2.75 toward meeting the Interest
upon ITS bonds guaranteed ly your Company which ~
depression already referred TO- unable
10 provide ~ its revenues.
These results possible only by 'h~
tive policy that has b'"u pursued IA the nauat"n"n' of
Your properties ard tv ~" LIBERAL expenditure In r.
Improvements which permits riel system Of
economy to be enforced IN times u great commercial
depression only be by continued adherence 80
this policy ha' Your properties can l preserved In strong
ana efficient that duties 10 the public
properly discharged AID the same time suitable
returns made 10 the Shareholders
SINKING FUNDS
Under provisions az tho consolidated morteag" -
the COMPANY 2ct7so SGT apart tie first day ~
July last. 90 tie r"' 'irNliE linH l we
redemption o. The outstanding bonds secured by that
mortgage None - the series 90 bonds - which the sink
ng fund auIllcab" could %" purchased under ID"
terms u the Trust AND amount placed 20 ~"
c-,d' - fr Investment un!"r the terms ~
l- n.rig,ee r.,- gree 3so 30 s"clre- in the
fund for Do. redemption - these bonds
T~ trustees O.; sinking fund f'r the redemption -
the Tru. certificates .su~ purchase u the shares
II The capital 90 'h~ TlaIpit. Wilmington AMI
baltimore I.alr.lI Company purchased $i:l" - he-~
certificates during he pa. year The total amour -
purchased ard cancelled - December @ltf. lN'' -
s. .i.~D lea.lng outstanding - $500"
The trustee ih~ sinking flni fr %" redemption -
the collateral Ian n able To- ottin am -
these during the year AZ 'h" lm' h'~i 'n 'he
agreement The amour = th' Ian 'u-n'I'"s '''"'-
n~r 3i-t. 1853 j. s"po"""
Under the provisions Il the fur per cent Equipment
True, cold G>an there gsd 'p rh~ trustee during
1893 f.r sinking fund the sum . fi3' 90" The
trustee was able obtain lu' $l""" - ~" bonds 81 co."
price 10" l"as~ "ni 20 nc-'ri'o" win me terms
thereof The balance s27 425" has been invrs'~! IN al
dliioual equipment.
There ne now in sinking flnd for the redemption
= ,h. obligations - various cmran~s forming h~
United Nev Jersey Railroad AMI Canal COMPANY seruf
Ties - the ,ar value ~ md cash balance"
unn,,-'~I by the Trustees. ~ s.oi 2 ~ making "n Hs
grega'c Il S5ol2 :c.,"@
FUNDED DEBT.
In order 70 provide portion ~ the capital needed ''r
construction and equipment SEES your Hafd author
ized an issue 5000 'o u four r~r cent consolidated
mortgage. bonds maturing any years from My lsi 1875
u which only $3O"o" were Sold during ID" wear. ," 7
~. r,ir1os~ - securing h' control - ID" Outstanding
Interests IN piers g. :. ami on the N"rh River Sew
YORK your Company also created S2"""" - ~" "@i''"
b,nl. bearing four per Interest. ahd maturing Ia
thirty v4ar- from MIy It. 1896 and have disposed Il
81 60 ~ shes" s"cnriii~s
The amount - funded debt lhclHhg mortgages Oh f'''
..a,~ and eround-renrs ~ the close % the year was
So ,.f I,, b.ina increase ~ S'''N 'l3'" "e-
counted for ~ follows
I,,,. in consolidated bonds 81 0ocoo %
-
- IL, mortgages and ground-sent- $50. 4Si ol3 % |
Less amount 81 equpmen, trust
rold bonds redeemed ...........-. Sl""' V
Ir,s amour, Of Philadelphia. VIII
,riry,on and Baltimore Railroad
stock trust certificates redeemed .12l""~ ,o,onoo,
.,o-s.,, =.
F'''-'''''
CAPITAL STOCK.
m ,,. o., cori,,i stoc. outstanding = the close Of
IN, wear was si.3 al $50 Increase u $. ''d so due
10 The conversion - that amount u the scrip dividend d.
clarel May. 1893
SECt'RITIES.
During the wear there were additional securities p"r-
chased at 4 cost ~ o37 7o4 a. making The eh'r" cost
~ IN. securities 81 corporations now h"i 10y >'nr
,,,. s,ts c.,; ios ~, The dr"ot revenue received .
th.rrfan vac s., $50 o2 which Is more than four per
cent upon their cost and n"ary million oil 'o'"'' }"
excess Of the interest your funi"l deb'
fJTf
,. t.,s.- Railroad and canal Company at the time of
the lease 81 that system which remained ON hand ana
was adapted TO Of your '"mI"'nS was ''''""''
i,y IT, and the Icsiiu" s"ld 50 '''' ''' ''' Nv '"''
appears in the General Account
CAR Trusts.
The to'al number of cars P"'''' '' NV "
trust system Is 37'"I .,oc,,o o,o, |
Total amount Of certificates issued therefor. *"'''oo"
Amount redeemed. '''''''' -
Balance Of certificates outstanding pecem- .-oo.o.
l.r 3ist 1898 WV
The amount expcndci f,r construction ami equipment
on the main line branches between ~" rom anu
Iittsnrg was s. 81 1914 90 ana on l''s'l anu N"'S
lines 81 49, IG7. H. a total u s'"'''"'''-"'
.r, ,,,,. an the main line for additional
,o,I, mayer equipment and real estate including the
purchase Of piers D. :. and on 'n' ''r," ,'''''' NV
York. third and fourth track on "'' "'''' '' '
track ON the Trenton cut on. ana ID" HARRISBURG '"'s-
mouth. Mt. Joy and IAh''9'' ' ~
the Broad street station
,r, t,.,n., toms ~ expenditure on the auxiliary
~, 49, T., ia. extension . the Philadelphia German
,or, and Chestnut Hin Railroad to connect with the
~. 49,, c ,, the further extension Of the Cambria
and Clearneld Railroad. and IN 'e parma" o"S"c,''"
- ,,., ,r ,hr development Of additional bituminrIs
territory. 49,. ..1,.., -, a. ,,,r.. - , !
h. number Of Of freight moved on the 'hre' grand
ions cast Of Pittsburg and Ere IN IS'' was O'ss'-
.,o a decrease Of :02'''o'' 'ne "r,''s VI messengers
w. i. "a, a2o a decrease Of o3' The average distance
"'H ~, a., oacb passenger in 1898 was lsi mirs.
increase Of , Of a "i'' 49, -
~ -, -, freight received per ton per mile was GA
Inv "a" mill lest than In 1892. The Of
NINE " -. II mills per ton per mile, decrease II
,"' ' ~ n mill The net profit per ton per mile was
s-l" u" iecrease OF 400 Of a mill. The earn
o'-'o '' Nor mile | 800 1000 AZ against
ihss ~ - IN 1897 an Increase Of 1870 of "A mill
ssenger per mile. The cost Of Transporting each
pa. ..enger per mile 'sioo a. against 5so 1000
passe's Increase in cost OF 400 Of mill. result
ce" ,.race pront o passengers mile ot as 1000
incre
oil a ,,., large Railroad Companies east OF Phtsburs
i"e 8, which your Company is interested make
ana ,.,orab,e n showing for 1893 for the prevou.
a'' detailed statements Of their operations will be
,nt 4, their own annual reports. well in the