The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-09-15

partment, $16,274, 1OO21; from freight
department, $1s,772,O71.S5; from rents.
$299, 45S.54.
Total gross earnings from operation,
$50, 345, 69o10; less operating expenses
(69.65 per cent?, S21, 1877, 226,59,
Income from operation, $9,20S, 40S.51.
Add income from other sources-Div-
idends on stocks owned, $205, 6S2; inter-
est on, bonds owned, $3.50, $50; dividends
on stocks leased, 1896, 945; miscellaneous
income, $22, 9S.
Income from other sources, S55,6S5.98.
Total income, $10,064, 0S9.49.
Deductions from income
Taxes, $1,492, 1861.
Interest on funded debt, accrued,
$202, 600,
Interest on convertible debenture cer-
tificates, accrued, S624,091.
Interest on current liabilities, ac-
crued, $649, 265.71.
Interest on deferred liabilities, ac-
crued 1880.
Rentals of leased lii es, accrued, 49,
4fS,1O4
Total deductions from income, s6,397,
1910.
Balance of income applicable to divi-
dends, $3,666, 5000.
Dividends paid--2 per cent. on $685.
900, 0OO 100000; per cent. on $47,475,-
700, $949, 514: per cent. on $47,475,000,
$949, 514; 2 per cent. on SAT ATS, 700, $780,
514
Total dividends paid, s9,6OS,542.
Surplus for the twelve months, $685.
$4,000.
THESE earnings have been derived
from the property and mileage reported
last year, and show continued growth
and prosperity by an increase of eight
and quarters per cent. ($2, 442,-
S94.31)
300 thirty-ton coal cars, $174,263.20.
500 thirty ton platform cars, $267, 675,-
49,
ITO construction cars, S2S,297.90.
sleeping and mail cars, $87, 943.62.
Additional passenger equipment, $19,-
O29S5
Electric equipment, $40, 1859
Balance cost of six car floats, S21 316.-
a.
Change from left to right hand run
ming over POP miles Of double track on
the Providence, Plymouth, Taunton,
Northern and Cape Cod divisions of the
Old Colony system. $2S7 ,305.37.
Air Line Improvement s1626S
Sidings, Improvement and enlarge
ment of station facilities, etc, $155, 064.-
49,
Total, $1,22s,o15.5s.
AS outlined in last years statement,
the capital stock of the company was
Increased October /, 1895, by an issue
pro rata to stockholders at par of &c.
AIS, 700, making the total capital stock
at date SAT, AIS, 700 An issue of con-
vertibe debenture certificates on the
same date to convertible debenture GER
tificate holders, pro rata, at par, of SO,
247,299 make the total amount of con-
vertible debenture certificates at this
date SIG, 397 200.
The policy of acquiring by exchange
or purchase the stock and obligations
of lease lines, which constitute a fixed
charge upon the company's earnings
has been continued.
The legislature Of Massachusetts, by
an act approved June 8, 1896, incorpo-
rated the Boston Terminal company
and charged it with the duty of con-
lIuCllHS Ill dutludl6 lSl
minal for the use of all the roads en-
tering Boston upon the south side. BY
| It's terms this company was admitted
| to one-fifth ownership of the property
and Since the close Of the fiscal veal
| has taken its proportion of the capital
stock of the Terminal company, pay
| ing therefor one hundred thousand dol
| lars. The demoraiized condition of the
money market has to some extent de-
| layed progress, but about five-sixths
| Of the land necessary has already beer
acquired, and plans for the location ant
construction of the station and ap.
| proaches, Including the supply of air
gas and electricity for lighting ant
power, necessary adjuncts of a passen
ger station of this class, are we'll ad
vanced The Terminal company hope!
! to prosecute the work to a completion
during the year 1897.
| 1t will be observed that under thu
| contract for the purchase of major
| ity of the stock of the New England
| Railroad company, alluded to in TIL,
! last annual statement, 177,700 shares o
| the preferred stock have been acquired
| by this company. 1t is yet too earl.
| to determine whether or not it cal
earn any dividend upon its preferred
! stock, and thus ascertain the burden
which the interest account entails upoi
| our treasury. But its operation for ne
| instead of gross earnings has thus ia
justified the anticipations expressed il
the last annual statement
The raising of the Providence divi
sion between Boston and Forest Hill
has SO far progressed that since Angus
%, all trains run on two of the track
already laid upon the high level. TIL
work is being done within the estimate
so far as graduation and masonry ar
concerned, but expenditures for rea
estate have been somewhat larger thai
was expected. This work was orderet
HI. The. I,..