Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-03-01

SINKING FUNDS.
Under the provisions OF the consolidated mort
gage of the Company 1924. $50 were set apart
as sinking fund for the redemption Of the out
standing bonds secured by that mortgage. There
now $3.50 9OS. Al In securities and cash In the
fund for the redemption of these bonds.
Under the provisions of the four per cent Equip
ment Trust Gold Loan. there was paid to the
trustee during 1897. for the sinking fund the sum
Of $136. 400 The trustee unable obtain any
Of the bonds at the price fixed in the lease. and in
accordance with the terms thereof the whole
SECURITIES OF OTHER CORPoRATIONS.
The entire cost Of the securities Of other corpora
lions. including real estate mortgages now held by
your Company is s119 .650. 343 81. The direct
amounted to nearly four per cent upon their COST
and more than provided for the interest your
funded debt.
No further issues of these securities were made
Series "A. C., p and ..E.!i Of the Pannsv u
vania Equipment Trust paid and cancelled
vice on the Pennsylvania Railroad LOCO box ears.
snbleased to the Pennsylvania Company: 1,256
way Company: and SIC box 100 gondola, and 400
nat cars. suhleased to the Grand Rapids md Indi-
ana Railroad Company. representing in all 1894
ears and total cost Of 100000. These
have therefore become the property of the
respective Lies which contributed to the cost
thereof
Car-trust system Is 81 997.
Total rmount OF certificates issued
therefor ACKNOWLEDGEMENTS. $50 644, 900 90
Amount redeemed. q SEQ, 600 90
Bslsn,e Of certificates outstanding
December S1st, 1897. ...-........ 50. 1872 600 90
There were charges TO capital account during
the year except for equipment. This expenditure
outlay for Trust cars.
The number of tons Of freight moved the
three grand divisions east OF Pittsburgh and Eric
in 1897 was 20 SEQ 4e5. an Increase Of sbs5. $40
or 9.O4 per cent: the number Of passengers
a.9s524. decrease of ,112, 696. 3.24 per
cent.
The other railroad companies east Of Pittsburgh
shcw generally Improved resuIis Defa,ied stat.
mchts Of their operations will he found in their
hspective annual reports, as well as in the PAM
rlllet report OF your Company
LINES WEST OF PITTSBURGH.
On the Inns west Of Pittsburgh operated by the
Pennsylvania Company and the Pittsburgh, Gin
einnati. Chicago and ST. Louis Railway Company
The results were follows
Earnings OF Pennsylvania Co... $40. Do $40 u
Expenses Observation-Disclosures 12.lIS.eOo 81
Leaving net earnings Ss05O Oe9 %
Rental. interest &c. I,0GG.9G4 OF
Net profit Penna. Co.'S lines. s9ss. 165 "A
Earnings OF Pittsburgh Cincinnati
Chicago and ST. Louis Railway. S1I.TT1 .942 IL
Expenses ACKNOWLEDGEMENTS. 12.114.034 So
Leaving net earnings ............ s.. e57 .9G7 80
Rental, interest, &c............. 4,1s7, 2OS 20
Net profit on Pittsburgh Cincinnati;
Chicago and st. Louis Railway
Company's lines ............... $40. 7O4 "a
Net profit on lines directly operated
west OF Pittsburgh. .....-....... 81 453 500 IS
The other lines west of Pittsburgh. account
of which your Company has assumed direct obl
cations. or in which II is largely interested
through ownership OF securities. but which
operated through their organizations, show
the following results:
The aggregate gross earnings Of these
reads were Observation-Disclosures Sc. 267. S37 u
EXPENSES NEUTRALITY-SUSPICIOUS.. 1894 ,eSl e.
Net earnings 81 aT3 SO Is
De,.Uet rental interest &c......... ,531 1856 IS
L1ss ACKNOWLEDGEMENTS. 1854. 119 80
OF this less the Pennsylvania Rail
read Is responsible for...--..-----. Sill, 2I1 "a
Which deducted from the proht shown
SbOve ACKNOWLEDGEMENTS. 2 49, $50 IS
Leaves a net profit all lines west
Of Pittsburgh. ACKNOWLEDGEMENTS jig 500 "a