New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-02

Trust Funds ead guaranty
Of interest on Allegheny Val .a,o o. -
ley Railway bonds 49, s "a s S9 -
Ext ao'''naFy RENEWALS ~'''' -o-o--- 2l59 2o7 ~
p,,,rce .,,.- .hov. navments 81 e3i s28 20
Diy15srds ~ ner ACCOMMODATIONS. 6.4t5, l22 -
Amount transferred to credit Of profit and . -oo -
loss FOR year 1895. Sloo ~ 'c
Previous amount to credit -''" f' "
s2i,32ol7O 81
Amount charged of in reduction OK value
Steo ssgg.s anu 1881 20
h1 hs si, 70 Tsesi' u i5as22 Sc
In view Of the severe depression prey ing dur
tien Of franc and sharp competition between the
transportation interests TIE r7slts ma igtons and
pensas about 81 900 in improving your property the
of 6s Seary Sarrsd to- the
SINKING FUNDS.
Under the provisions of consolidated mortgage Of the
Company M $50 were set apart on the 9T S1 f sy The 'p r
dempton Of the outstanding bonds secured BY that mort
In the rund for the resumption Of these BONDS ,,..,
Under the provisions Of the four per cent EquIpeny
1890 for the sinking fund Of si36 400 The rs
fTea in the lease and in accordance with the terms there
equipment.
SECURITIES or OTHER CORPORATIONS.
The entire cost Of securities Of other corporations
including real mortgages held by your omlan
was 81 ais i32 o. which nearly four per cent
upon their and than provided for the interest
CAR TRUSTS.
No further issues Of these securities made during
the wear. The outstanding certificates OF series %
q ne & T .5n @aTs 6os a %
let to the pitts6ush cnsnna 6c b6r ans a and @
andaTd soTd 55b c csrs 6 to ST.
The total number Of cars provided under the car
~ . 0-pl a.
Amount redeemed ACKNOWLEDGEMENTS Zoo9'cVo"
Balance Of certificates outstanding Deem ~
Der 3lst 1886 ACKNOWLEDGEMENTS. - lo1.oo-o
sna e5asgd to espa a In ariInn was f9r equip
& 80 I % The .&psnditure for equipment rep
resented IN addition 70 The purchase Of !%9 92ss Tor G
street New York The usual outlay IN payment for L Gs
cars ana ne par,ih9 81 III, IN ina,s.ris pursuits
during beginning the year seemed TO render neces
The unsetted eondition Of financial affairs serious de-
preston oceurred IN the s fbrogbopt tho
remainder Of ne year and caused hesyy rd9eLon n
deemed prudent not only restrict The xpendure
portion Of the had been authorized In the re-
vision Of agnments and grades upon The Main Line
the points especially referred to in the last annual report
n an and y an ad a @ on ' The s
ion but a. The present ie no where hs
work upon had FAR progressed that it was
deT1ed aa ps 10 rr % extended over your entire
system and your lines traverse territory PsrcuaTy
dstri4s their revenues necessarily show pre-
por,ona,e reduction the Of other lines not
.1P;P4:a 4 50 II. ms! IN branch ana
Of which the completion of The ordge over me 80
VAR RE KTeT B1eon and Trenton Railroad
the double tracking OF the Pittsburgh. Virginia and
The numh@ q tons u reigh, moved the three
g,and aysns ess 81 M 45i or 8 70 per cent the
number 81 passengers was 3d. lI02o decrease o. --
The other Railroad Companies east q PsbgrGn and
decreased earnings due to the 6qsnSis depression pre-
yailing throuEhou. ne CUNT n St pctn annual
reports well IN the pamphlet report ot your ON
By the four coal companies which You are interested
was 1910 3s5 tons. decrease OF 2'2 -" tons.
LINES WEST OF PITTSBURGH.
on the lines west q PITTSBURGH oTeratea by the Penn n
sylvana company and the Pt.soursh Cincinnati oh
cago and St Louis Railway Company the results were as
follows: 1see
Fanenses 12l1l.6o4 30
Leaving ne, earnings ........... s!55::sa!i 81
Rental interest. '.Io-'' ~
Net prof, on Penna Co.'S 5000 80 %
Earnings Of Pittsburgh Cincinnati. Chicago
r az ~ observation-disclosures. 70 $50 800 o.
leaving ne, earning. ......... st:s So So IS Is
Rental interest, '''O''l- %
Net proat m Pittsburgh Cincinnati Chicago .o....o
and Louis Railway Companys lines soo-''4' -
Net prom On hheS D''e'.'S p... ss72 s25 80
The other lines west % Pittsburgh. account of
which your Company has assumed direct obligations or
IN which In largely interested through ownership or
securities which are operated through the!r own
organizations show the following results
The aggregate gross earnings Of these roads . ~ - 80
-
Expenses '''''- 80
-. a-,,ne. ........ ......... 81. 1871 90 II
Deduct rental interest, &c...........-. L4oS 2a7 96
r Recommendations. S276 s33 %
OF this loss the Pennsylvania Railroad is re- ,,,
which deducted from profit shown above s7232 %
Leaves a net rront N all lines west Of Pitts -
bugh for 1895 ...... .............t.-. So'4F'' -
The r. suits from the working u these lines emphasize
the unfvorabe conditions prevailing In the manufacturing
f-rs-.sz II th, country show large falling on IN
tonnage and revenue They however fully anie L.
rsat all Liabilities ana carry surplus 20 the credit 81
profit and loss each system. -
The expended on account ot CONSTITUTION eguP
'1tafe during $50 on lf l4l's NrSt III
PITTSBURGH 50 $40 90" ~
The e,penfirures f'r capital these lines were
for additional equipment and real estate tracks and