About $30,000 Every Month

ABOUT $30,000 EVERY MONTH Taken In By the D. Y. A. A. & J. Electric Line.

BONDS OUT FOR $1,610,000 Wwhat the New York Financial and Commercial Journal Has to Say of the Line.

The New York Financial and Commercial Chronicle has this to say of the issue of Detroit, Ypsilanti, Ann Arbor & Jackson bonds:

"These bonds cover the entire property and are a first mortgage on about 40 miles of road from Ann Arbor to Jackson. Total issue authorized, $2,600,000, of which reserved to retire underlying liens, $990,000; outstanding, $1,610,000. The earnings without the Jackson extension for year ending April 30, 1902, were: Gross, $245,877; net, $92,396; fixed charges, $39,400; surplus. $32,996. Gross earnings, including Jackson extension: May, 1902, $27,069; June. $28,393; July, $28,830; August. $30,655. The earnings for these last four months were much affected by bad and unusual weather. The extension has but slightly increased operating expenses, the power facilities being adequate.

"The system is about 100 miles long, 40 miles of which are built over a fenced private right of way owned by the corporation. The line from Detroit to Ann Arbor is laid with 70 and 75 pound T rails, except where girder rails are use in cities. The extension from Ann Arbor to Jackson is laid with 75-pound rails, with the exception of about four miles laid with 70-pound rails. The power house equipment is of the most powerful type. Rolling stock is of the best, and suitable for high-speed interurban work. The line runs through one of the oldest, most populous and most prosperous parts of the state. The numerous truck gardens and highly developed agricultural country adjacent to the entire line, and the many cities and villages through which it runs, insure a large and constantly increasing freight business in this line. The road has just begun to carry United States mail."