Railway World Volume 30

Railway World Volume 30

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1886 edition. Excerpt: ... newlines, and are a fair indication of what may be expected from that section of the country when more fully brought under cultivation. Chesapeake and Ohio Erzztension.--Contracts have been let for building the extension of this road from Ashland, Ky., to Covington, along the bank of the Ohio river, 180 miles long; also, contracts for the land for the approaches, for stone and iron work for the superstructure of the brid 6 across the Ohio river between Covington and Cincinnati. T e new bridge will be built near the centre of the two cities, and will accommodate foot and vehicle trafiic. Chicago and North-western.--At the annual meeting, held in Chicago, on June 3d, a statement was presented, sh Wing that the gross earnin for the. fiscal year ending May 31st were about $24,300,000, w ich includes the estimated earnings of the month of May just closed. The operating expenses and taxes, estimating those for May, will be about $13,900,000; the interest on bonded debt and sinking funds amounts to about $5,700,0()0, makingsthe estimated net earnings $4,700,000, from which the dividen of 6 per cent. on common and 7 per cent. on preferred stock, amounting to $3,444,500, have been declared, leaving a surplus of $1,225,500, exclusive of revenue derived from sales of lands.---The directors have declared dividends of 12-per cent. on the preferred and 3 per cent. on the common, the former narterly and the latter semi-annual. Transfer books closed une 9th and reopen on the 28th. The annual report shows that the fixed charges are $548,899 higher than in 1885, but this increase was almost entirely wiped out b" a reduction in dividends paid of $536,848. The surplus after ividends is $1,255,500, an increase of $679,800 over the previous year...."show more

Product details

  • Paperback | 1096 pages
  • 189 x 246 x 55mm | 1,910g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236858042
  • 9781236858047