Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-06

net iucredsc. Sr'"'',olo.no
CAPITAL STOCK.
The amount OF capital stock outstanding at the
close OF the year was Si29 I'll $50. an increase OF
81 1850, due to the conversion of that amount
Of the scrip dividend declared ,,si in May 1893
During the wear thee were additional securi.
ties purchased at cost of St03t ,iO4 A. making
the entire of he securities Of other corpora
The direct revenue received therefrom was Sisoa.-
os6:ss which is more than four per cent upon
their cost and nearly million OF dollars In ex-
cess of the interest on your funded debt
That portion Of the equipment received from
pany at the time of the lease Of that system.
which remained on hand and WAS adapted TO the
the residue sold, so that that item no longer ap-
pears in the General Account
CAR TRUSTS.
Car-trust system is 1881
Total amount Of certificates issued
therefor NEUTRALITY-SUSPICIOUS.. $50 GA 000. 90
Balance Of certificates outstanding
Decen bef 31st, ls,S. IS Al ,0O0. 90
The amount expended for construction and equip
ment on the main line and branches between New
leased and auxiliary lines sl,S32l6 total OF
~. 6ta S31 %
The expenditure on the main line was for ad-
ditional motive power. equipment and real estate
including the purchase Of piers 3, T. and ,. on the
North River, New York; third and fourth track
on the main line; double track the Trenton
Cut on, and the Harrisburg, Portsmouth, Mt. Joy
and Lancaster Roads, and additions to the Broad
The principal items of expenditure on the aux
iary lines were in the extension Of the Phiiadel-
pbia, Germantown and Chestnut Hill Railroad to
connect with the Trenton Cutoff; in the further
extension of the Cambria and Clearield Railroad,
ard in the partial construction OF the Ebensburg
and Black Lick Railroad new line projected for
the development of additional bituminous terri
tory.
The number of tons of freight moved on the
three grand divisions east OF Pittsburgh and Erie
I'm 1893 69.Ss7, i60. a decrease of 2,027, s65
the number @, OF passengers was "A, 135. $40. de-
each passenger in 1893 1874 miles, an increase
The rate OF freight received per ton per mile
was GA mills, 12-100 Of a mill less than in
1892. The of movement 4.47 mills per
ton per mile decrease of 500 OF will. The net
profit per ton per mile | 61-100 mills, 4 de-
of 400 of mill. The earnings per passen.
ger per mile were l E9 1000, against $50 1000
passenger per mile. The cost of transporting each
passenger per mile was / 5S4-i0o0, against /
5so,lOCo cents. an increase in cost OF 4-1oO Of a
mill, the result being an average profit passen-
gers per mile of 41ol0OO of u cent, an Increase of
151O0 of a mill.
The other large Railroad COMPANIES east of
Pittsburgh and Erie In which your Company is
interested make quite favorable a showing for
1898 as for the previous year. Detailed statements
OF their operations will be found In their own an
nua reports well in the pamphlet report of
your Company. The total amount of coal mined
by the four coal companies, In which You are In
rerested, 2.6l2, 7Ss TONS an increase Of 4o3T2
tons. There was decrease in their net earnings
of $276.0S5. ~ but this fully Offset by the In
creased amount of stock coal on hand at the close
OF the year.
ON the lines west of Pittsburgh operated by the
Pennsylvania Company and the Pittsburgh, Gin
cinnati Chicago and St. Louis hallway Compauy
the result was as follows:
Earnings Of Pennsylvania Company. s21 0sI, s37 "a
Expenses ........-........'....... lS,'ooo1o 20
Leaving net earnings. ...... ..... $3.50 e6l 81
Rental, interest, &c........... 6,ssels5 IS
Net profit Penna. Co.'S lines. 1850 4,6 SO
Earnings Of Pittsburgh, Cincinnati,
Chicago and st. Louis railway. $lS AS, O5S 81
EAPeHses ....'..............-. i3,SSo,oSS 81
Leaving net earnings. .......... S4533 SIG 30
Rental, interest, &c. ............ 1858 $50 Us
Net profit on Pittsburgh, Cincinnati,
Chicago and st. Louis Railway
Companys lines. .........-.... $s74, 535 Is
Net profit on lines directly operated
west of Pittsburgh. ............. 81 Q25, 0l2 OIL
The otherines west OF Pittsburgh, on account Of
which the Pennsylya Railroad Company has
assumed direct obligations In which II largely
interested through ownership OF securities, but
tons. the St. Louis. Nandalia and Terre Iiaute
railroad the Grand Rapids and Indiana railroad
and roads operated through its organization East
st. Louis and Carondolet railway. Cincinnati and
MuskinSum Valley railway, Wayneshurg and
Washington railroad and the Pittsburgh, CHARTERS
and Youghiogheny railway.
The aggregate gross earnings OF these
roads were ..................... %, ~. i9S -
Expenses ..........'..'.. ...ss.... 4,So4,afz 81
Net earnings. Observation-Disclosures. 81, OS7, 755 ~
Deduct rental, interest, &c. 1,loi, 617 ~
Loss NEUTRALITY-SUSPICIOUS.. ....... $50. So 81
OF this loss the Pennsylvania rail-
road is responsible for.......... Sis, s0i 81
Which deduct from the profit
shown above. OBSERVATION-DISCLOSURES. 1,92o,Ol2 0l
Profit all lines west Of Pittsburgh 81 S75 ITO IL
The Pennsylvania Company paid a dividend of
4 per cent its capital stock Of $21 900 OOO and
the Pittsburgh, Cincinnati Chicago and ST. Louis
railway dividend 4 mr.
ferred stock of SD, 100000.
The amount expended ON account Of construc-
tion equipment and real estate during 1898 on the
lines west of Pittsburgh was S4523O4 I9I This
expenditure WAS largely for second. third and
fourth track on the Pittsburgh. Fort Wayne and
Chicago and Pittsburgh Cincinnati, Chicago and s,
Louis roads and for additional motive, power and
equipment.
expenditures and the purchase Of the raIlwa IS
hereinafter referred to. the Pennsylvania Com