Traffic & finance.

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Grand Trunk finances.

The Grand Trunk statement for the half-year ended Dec. 31,, 1897, shows net earnings of $3,936,600. The surplus, after payment of all fixed charges is $1,336,500. This makes the total surplus for the year $1,349,622. The deficiency of $1,301,022, which was accumulated in the years preceding 1897, is thus cleared off, and about $50,000 remains to the good, This is rather better than was looked for.

The Canadian Gazette, London, Eng., says. The directors of the G.T.R. have issued a statement much more favorable than any put before the shareholders since 1893. In 1894, 1895 and 1896 there was a debit to revenue after providing for debenture interest, & at the end of 1896 it had got to £ 267,000. But so successful was 1897 that the whole of this adverse balance has been cleared off, & there is £10,200 to be carried forward. guaranteed stock amounts to £5,219,000, & ranks for 4%, so that but for the debit to revenue brought forward the full rate could have been paid, & as much left over as equals about 2 on the 1st preference.

The earnings for January & February were:

	1898	1897	Increase.
Jan.	$1,916,332	$1,639,614	$276,718
Feb.	$1,684,453	$1,522,246	$152,207
			$428,925

Railways: G.T.Ry.

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