Partly estimated.
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Part of the surplus in 1914 was used up in paying
balance due extra cost of extension Of road and part
of the surplus this year will be used in extra running
expenses with the day trains TO and from
Boston Nappears by this that only dividend of
three per cent be paid out of the yearly
receipts, and that there can be no dividend In
January anticipated The Norwich and Worcester
Railroad stock s therefore at present only three per
cent instead of six par value and but four per cent
stock at current prices This road must eventually at the
rate it has been progressing much better stock than
it at present The sinking fund accumulatng very
rapidly the appurenances of the road increasing
and Notwithstanding the great competition, the receipts
are annually increasing These things show that be-
fore the lapse Of many years, this road must become
permanent six per cent stock at least 1t must always
be iavorite route to Boston, account of the sxpsd
ton with which the trains it, and connected
with the Long Island road will command most OF the
travel between the two cities its local bust
also improving, and altogether, the prospect Of
ultimate profit good The current price Of this ST. ok
is much as il is worth an investment.


The receipts and expenditures of the Long Island
Railroad Company, not made public those Of
other roads in the country and very little 10 known
about their financial condition The monthly receipts
are regularly published, but the from which
hey derived are not given. The expenditures
this road probably less than any other of its
length in the country and the company can, therefore,
carry passengers at lower prices than any other The
income Of the company for September, lsl5, $s7,
las being $s97o ss than for the esponding
month in isia This includes without ooubt the
cepts from their boats, well as from the road


The increase Of business the South Carolina Rail-
road for the nine months year. ending Oct is
has been S23 s3s The receipts annexed for the first
nine months of the past Eve years. exclusive of the
mail contract and the profits of the bank