The Washington herald., 1909-03-02
HNnED DERT


Therc vas an fncreass Of Sszz0o IN tie srso-ut
q COusolidated Mortgage Bouds Outstanding. due
% the iss1e q Ss.al05oo o those securities l-s
SE GO q those maturing =; Nay Iss5 which rsre
retired under the Sinking Fund p-1yiss0us Of the
mo1szse On y0r Balance Sheet are also carried
S.l7s.Eo q trust CeHiacztes. guaranteed b your
Company in oounecsion with ths purchase os ire
stock q the New To-k. Philadelphia and Norfolk
Rsilrosd Company. ard slso the boodsd debs q
the Bad Essis Valley and Junction Railroads. vhich
have been abso5bed-
Eight hund7ed and forty-one thousand dollars Of
the bouds issued under ths General Ncrrage of the
United Railroad and Canal Companies of New Jsr-
sey. ard forming 4 part q tss x0.moo seczred
thereby. having uztuTrd lst september. 1905. were
paid OF aid an equal amount q four per osut-
bonds o. that date. running for forty yssrs vas
issued in Hsa ;heeof under the p-oTisious of The
notgge
SECURITIES or OTHER CORPORATIONS.
The cost * the securities q ether co-pora;ious
held b ycc- Courzny. 5Ist Deoenber. ls1s.
~ osi s. and The direct revenue received there
ron during the yszr vas ST. q. .7ElS. being 4ss
pe- csut. upon tbs eost thereof TIE Increase in
cost IS dus 70 the ssquistio1 Of the STOCK Of the
NeE Yo-k. PhEzdslphia and No-fok Ranrosd Con
syiTznla Company on scoult os ity contribution
toward the cost of construction q the New York
Tun1el ExtsnSOn-
CAR TRUSTS
The issue Of Car Trust securities d1rinz the year
coCsis,ed of Sls20co q Series u Pennsylvania
Cereal Freisht Eaulpzsnt Ce-tisztss q 1877,
through which ~ Steel undsrfrlzas box cars rers
furnished for the PsuusylTaEiz Railroad Compazy.
The Outs.E1dinE Certificates of Series Z. F. and
G. Of the Pennsyivsuia Rolling Stock Trust, hEEtnz
nst1Tsd during the yea-. EsTs paid and znslsd.
and thereby ssss o1-s be1ms TIE property 0 Jour
Conpauy a. total coss Of Ss0eOn
The total nsmheT of Car Trust cars nov II se-vscs
sgainSt which Car Trls, crtisoztes 0utstaBdi-g
j. rs ~ and the Csr Trust certificates outstanding
Slst Dsosm5er. ias. sEETegzts s.. Si.ao.e00.
TRAFFIC.
The uumbs- q tozs of frssght moved On the Hve
gsne7al divisions east q Pltts51rsh and Ere Z
1913 vas lS2s5o 81 decrease q n.TSsT5. or $50
pr csut. the zzmheT of passengers vas s. $50 So.
decrease q ss5Sa. OF S1 pez cert
The Jshg Railroad Companies east q P1ttsourVh
ard Ere IN which sour Company IS Interested
show satisfactory Tesz..S Detailed statements Of
their opeztio5s viii Be found in their respective
ConpsnE.
LINES WEST OF PITTSBURGH
CAPITAL STOCK AND FUNDED DEBT
Tbs Psnnsylzznis Company acquired By purchass
daring the yesE half interest IN The stock q ths
Lake Erie snd P4ttsburvh Railway Company. Witch
IS Constructing 4 road betEsen Youngstown and
Losasa, Osio
In orde- 20 p-o-ds for The retirement ~ maturity
lst August Ias, q g. 7oOO os Ashtseala ard Pltss-
burEh Railway per cent bonds, and for construction
expenditures and ether cor21sts purposes the Pitts
turEh. Youngst0En and AshtEbuls Railway Company
authorized TIE creation q arst general mortgage
to secure a total issue q S1Sooo.ooO Of bonds. Of
which portion q Series 4. amounting to sea- 900.
vas disposed Il On satisfactory terms
The VSndalia Rsiruad Company also authorized
the sale Of $4,000 Il It's consolidated mortgage
per cent bonds Series B. and applied the pro
seeds the-rof 70 the redemption of S1s0sOO0 nE
the Per csnt bonds Of the Indianapolis and Vim
cernes Railroad COMPANY. one cf its Constituent
companies which mstursd lst FsDrusry l90s and to
ward construction and eGuipneat expenditures and
otheT capital requrSments
CAPITAL ExPEDTTURES
The s-nSz-t q Czpital E1pe1ditures during ne
rear On the Lines usst Of PITTSBURGH for Construction
squirmo-i, and -eaI estate Ezs S49soS6N
The msin ezpenditres ws7s upon additions 70 aai
improvements II motire power and equipment; the
Increase Ct ya-d dock and ether terminal facilities:
the construction a second third and fourth tracks
upon the Cleveland ard Pittsburgh and the Pitts
bsITgh, Cincinnati. Chicago. and 81 Louis Railways.
the eleTstion q tracks IN Chicago, and TIE pr
chase Il additional real estate and right Of way.
TRAFFIC
Ths nzr5er of tozs q freight moved On the lines
vest of Pftsbu-gh vas Taos5.T4o. decrease q
81 50 So TIE number a passengers carried was
9M.7G. decrease of ZT9O
The gTo earnings os al lines east and Est q Pitts
burgh f0 the gear 1905 we're s7i Ss s2s2. operat-
ing expenscs SEQ eos 3. and net earnings. S0.-
IS BIS. decrease II gToS earnings. compared With
lso7 of s. 4ss 7zzH. and decrease in ret earnings
o s s5e e2S5 ThGe we're 81. -, 81 tons Il fright
moved On the entire system. being decrease cf
lcs ,zs tors and li2Ss.T7S passengers 0r.sa,
dsGsass q l9,sS.lA