The Present Financial Situation of the American Railroads Considered With Refer
The Present Financial Situation of the American Railroads Considered With Refer
W H William Henry Williams
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18 3. 98 4. 30 4. 01 4. 10 4. 07 4. 13 4. 05 4. 14 4 33 4-53 4-63 4. 18 4. 64 3. 94 4. 10 4. 40 4. 50 4. 58 4. 33 4. 66 3. 97 1913 6mo8. Only 4. 13 4. 44 4. 36 4. 17 4. 56 4. 75 4. 13 4. 18 4. 53 4. 37 4. 35 4. 19 4. 43 4. 71 4. 93 4. 58 4. 45 4. 75 4. 13 Totals . 78. 34 3. 91 17 The foregoing shows heavy increases in yields between 1909 and 1913, the general average being 4. 08 per cent in the earlier and 4. 41 per cent in the later year. The solitary exception to this rule is that of the coll...ateral trust bonds of the Erie Railroad, which sold almost on a five per cent basis in 1909, owing to the then recent financial difficulties which that property encountered late in 1907, and the security of which has very materially improved during the last four years under an highly efficient management and by reason of the self-denial of the owners of the equities represented by its different grades of shares who have permitted the reinvest- ment of income which they might have insisted upon having distributed.
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