The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-11-20

The net revenue Of the Main Stem and
Branches, including the Central Ohio and
L4ke Erie Divisions, the Wheeling, Pitts
burgh & Baltimore, and Newark, somer.
set s straitsville Railroad, is thus shown
to be $5.55s,4ss 90. The aggregate work
ing expenses were "a 5s-l0o per cent Of
the whole gross revenues.
The increasing business Of the Com
pany continued to require large addI-
lions to It's equipment. During the year
90 frst'class engines, 40 palace and pas
senger cars. and 9256 cars for general
tonnage, were purchased and built at the
Company's works. The cost Of the new
and additional equipment, $2.6s5.4sS75,
has been charged to rolling power.
On the Main Stem the earnings, In com.
parison with the fiscal year 1872, have in.
creased $l.598,S7s 10, and the working
expenses s1,191 ,4ss 22, making a CON-
parative increase in the net profits Of
$40e,es9 "a. Compared with the fiscal
year 1871, the increase Of earnings being
s2,8a9, 45S 20, and Of working expenses
sl,t0e994 At, the increase Of net profits
amounts to $9s9.45s SO.
Semi annual dividends Of Eve per cent
upon the capital stock were paid on the
1st Of November, 1879, and on the 1st Of
May, 1873, respectively. ..... ..-
The liabilities Of the Company, COM
pared with the statement Of September
Both, 1872, elbows the following reduction
viz. BY the payment OF the remainder o.
the second mortgage bonds of the North
western Virginia Railroad Company luoW
the Parkersburg Branch Railroad Com
pany), which were guaranteed by TIT
Baltimore & Ohio Railroad Company
and which matured January 1st, 1873
the original sum having been 81 ,000, 600
$453, 500 90.
= The liabilities also show the following
increase, viz:
Preferred stock, second series, 8 per
Sterling loan, redeemAb.e in 1863,
Rl,7o0 oooosi 81, gold............ s,22sooo d
ss,24,,lUo Il
The profit and loss account shows ar
increase for the past year OF 2.S82,
1884, So.
It will be seen by this account that The
surplus fund, which represents capital de-
rived from earnings invested in the yari-
Gus branches and connecting roads,and the
great improvements that have been con-
tlnuously constructed on the main line
and which Is not represented by stock OF
bonds, now amounts to $40. 03iI 409 II.
METROPOLITAN BRANCH RAILROAD.
The Metropolitan Branch Road, FROM
Point Of Rocks to Washington, forty.twt
miles, was opened Tor traffic on 25th May
last. The expenditures on this costly line
have amounted to $35S3, 497 SO; but
whilst the engineering Is very bold and
the fine masonry and bridges have been
expensive, It affords an admirable, direc,
and effective line which must prove Of
constantly increasing value. The Nation.
hl Shplthlt W tho SSAlPtShoh VI hh4o wa n
has, through the Marietta & Cincinnati
and Baltimore & Ohio Roads, line from
Clncinnati-that great centre Of business
of,the Valley Of 0hio--an hundred and
twenty, miles less in distance'than the line
OF the Pennsylvania Railroad by Harris.
burg and the Baltimore & Potomac Road
and q line from Pittsburgh by the Pitts
burgh, Washington & Baltimore and the
Metropolitan Roads, seventy.five miles
less In distance than the route by the
Pennsylvania, Northern Central and Bal.
timore and Potomac Roads.
The great through mail and passenger
trains between Baltimore and the West
now pass over the Metropolitan Branch
Road, and in full view Of the Capitol and
the city Of Washington. Under this sys'
ten, the passengers by the Baltimore &
Ohio Road avoid the curved portion Of Its
line In the Valley Of the ,Patapsco, and
enjoy the interesting scenery by this direct
and beautiful route, The great facilities
of the line from Point Of Rocks to Bslti.
more are now used without interference
ltom these trains for the heavy coal and
other tonnage traffic Of the company.