The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-02

ion, tho amount. being charged to the special
construction fund Of that company, realized from
i'm Of Sft the H lease SP to Ne Z Erie eS Ea GrHIsmsg Ss sp .nS
diturcs TO tho omoun! OF $l52.7z3 we're charged
his report: The taxes paid this, year were
$l7l,a04 more than for the previous twelve
company owns no additional property, and
your officers are unable to ind any Just
reason for such nm increase. When. SO largo
II percentage OF your gross earnings is handed
over to the tax collector, 1t makes u serious
inroad upon The already small and rapidly
II seems impossible TO make any successful
appeal to the tax law makers Or to The tax
garded ms their Legitimate prey. In round
numbers. the earnings OF this property dur.
200 ,d SnS SToGF Xxi tMis ciiS SrSe 0@ smm ! there ,S SS has
been expended for taxes nearly 5000. OOO The
s@!9 Noe o of the he. GnS SIS " asmG9uq,ing to over
supplies required in operating. So large an in.
dusiry as this, employing over 10000 men, and
%essarily be n material factor in the prosper
ity or otherwise, Of tho communities it
prosperity. OF n corporation of this character
cannot fail ultimately TO have an adverse in
erty, but upon the communities as well. Lcgis.
lative dem tnds for improvements in. excess OF
the abilities Of the roads to furnish have been
forced upon them irrespective of tho { ct that
the steady demand for, reduced rates has.
resources TO the utmost limit
The first annual report OF the Norfolk and
Western Railway Company gives the. opera
tions of the company for tho nine months from
gssr; Tho showing is: Gross carnlnsss So.
$ls;ls3; s,o,Il income, y, i$S;aee;. dxod
s%aiSs' TO siiStaaliitS' eo SaisnSS' s sl5'aii; s "@:.
plus, $i50,s4s. Tho percent GO of operating
S SYipf fnss, s 9Ss ssssso,S wss q 2S ss;oS sSslo, NyS
500, As compared with the operations
by the receivers during the correspond.
earnings decreased 1920. $50, operating OK.
penses decreased $685., ii3 and net earnings in
creased $io9,21I. The new company has made
important economies in all depart mcnts, cspc-
ciaiiy in that of TRANSPORTATION The sum of
SC, and charged TO capital account. General
business depression was responsible for a de-
cline in passenger and freight traffic amounting
10 SlB1, li9, or l5.2 q cent, in the former and
coinpar,cd with the like period of the previous
demoralizcd condition OF the bituminous coal
traffic. Considerable Improvement has been
during the wear by the substitution of iron and
steel STRUCTURES for wooden and defective iron
bridges. In addition to the LILO tons of steel
rails acquired with the property. 10000 tons
have been added during tho year by purchase.
Tho following telegram has been received
and Texas Railroad Company, who is now in
Texas: Quarantine at Dallas and all points
Gay. Detention of traffic on account OF yellow
fever is only serious nt Houston"
Transactions on the New York Stock Exchange
last month compare with those for the same
month of last year as follows:
stock, ,D,re, Is iSSI IssH: ,os ,Do csS gag g "a,
G%oysrnm,n!s. sOos,soo si.0s'.oOo Dec. soss.lO0
boads 49,. "o7.4lt.so 90, a4s,lo Inc. AN 200
Silver ctfs.,
oz........ $4,000 $780, 900 Dec. 2ss.Ooo
The New York News Bureaus estimate OF the
currency movement during the week is as fol-
lows: Although 81 900, 900 of the gold from
Europe has arrived hero, it has not been in hand
ported Tomorrow, and consideration, of it
week. The movement OF currency this week
has been on n slightly more moderate scale.
Western account, which has reduced the call
for funds in that quarter The loss to the banks
i e snn " e At # fully mSv S4 i5S1 .ooo' az perhaps
come. The banks believe. At the, Treasury tho
bank; have Loot Sl,oOo;0Oo in the week. Tho
New York Sub Treasury's regular daily reports
indicate for the full week as follows: Total re-
osipts; Sll,7 9 o 900 ineimGinS 8, 800 600 from
other Offices"
Dun's Reric,c reports the number of business
l9i. against 299 last year. and for the third
quarter Of the year 1908, with liabilities Of
smallest in any quarter for five years past. and
In only siN quarters during the last fifteen years
have the Liabilities been smaller than for tho
three months ending Yesterday. BrudStrcct's
co'nputes the number OF business failures in the
United states for the nine months ending
cent. as compared with the corresponding
llSS, an we ,nsi rcp yTsri in but Iss5, 8 . Genie cent mor, more more
in 1891, and IL y cent. fewer than in the CORE
inS tar5oI nsF,Sd Of ar Is9s; and This lid yfS5,s fail i:
nort $lls.4si,oOo liabilities. a total so
2 cent, smaller than one year ago,
months Of 1893 and of isat. ana 81 . cent. iitse
than n the corresponding period OF 1898; Tho
business is d"rresssing. Witt rcferen"c to li ie
biiit.c s tn, falling oil is noticeably rapid.
The receipts Of the Government to-day were:
sol, and miscellaneous. soy. sol. a total OF
S76G.36O. The disbursements were 81 $50. 900.
GAO. The total receipts of the fiscal year To-
date have been $so,sos,l77. and expenditures
receipts OF S29.039 sos.
business to-day, Ns officially computed, compare
with those Of yesterday as follows:
si;s d 10 iiaTs and HSiiion iiit|iI5s,?5ssss "iii%,ccss1,,aa""ss
ot n,sT asset Sa1,ti in n'e eve ,cs. OF 7''4'''''i 42ooo'''"
demand Liabilities. .... l2,4Oe,l47 ll.387.2l7
Available cash balance.
including gold escrve,sslo,os7,s7s se,5,ls2.7s7
Money in London ! = cent. Rates OF discount
in open market for both short and three months
bills. lGs%2 2 cent. amount Of bullion with.
day 100000. Paris advices quote 8 y cents at
l03 francs 42Io cen,imcs. Exchange on London,
% francs - ccntimcs.
The committee representing holders Of first
mortgage Lake Erie Division bonds of the
Wheeling and Lake Erie hallway Company an
nounces that the coupons due April l last on
bonds deposited. with the Guaranty Trust Com
pany undcritlic hondholdcrs' agreement of June
% last having been paid and surrendered, tho
Guaranty Trust Company will pay TO holders VI
its certificates OF deposit the amount of interest
collected on the coupons upon presentation OF
the certificates OF deposit.
The Central Trust Company informs the share
holders OF the Equitable Gas Light and the New
York and East River Gas Companies that more
than 80 d cent. OF the stock having been de-
posted under the reor$anization plan. the same
receive further deposits until Oct. 10, when the
right to deposit will expire.
/. j. Lisman announces that he will pay to
those DESTROYS of collecting their principal, par
and accrued interest, for the first mortgage eN-
tended bonds Of the Columbus and Hooking Val
ley Railroad COMPANY.
George ii, Prentiss & Co. announce that they
are prepared to deal in New York and New Jer.
scy Telephone Company rights.
Moffat & White announce that they deal in
rights to subscribers TO the now stock OF the
New York and New Jersey Telephone Company.
uha SnlaS Of pnipifp, ptn,iy. -. "a. Ma, vi.