The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-01-07

business and operations OF the Baltl-
more and Ohio railroad during the
fiscsl year ending September 80. 1872,
are very succinctly stated in the forty.
sixth annual report Of the President
and Directors Of the company, which
has just been published. The gross
revenues of the Main Stem, including
the Winchester and Potomac, the
Washington county and the Winches-
ter and Strasburg branches, OF the
W asbipgtou branch and Parksrsburg
branch railroads, o. the Central Ohio
and Lake Erie divisions, and the
Wheeling, Pittsburgh and Baltimore
railroad for the fiscal year, and OF the
Newark. Somerset and Straitsville road
rom May 20, 1872, were over thirteen
millions Of dollars. or, in precise figures,
Sl3626,677.3l. or this amount the
Main Stem is credited with $lO,654.-
47l.62, while the earnings OF the
Washington branch sre put dsWn At
S4S0,64504. The aggregate expenses
of the road during the same period were
IS 367, 474.99, making the net earnings
something over five and a quarter mil
lions of dollars, Of which the Main
Stem and branches appear to have
earned over four millions and hay.
During the same period the liabilities
OF the com pany we're increased u. 49,
600 caused chiefly by the negotiation
Of three hundred thousand Pounds
sterling of the mortgage loan Of f2,0Oo.
COO payable in 1902, heretofore re-
solyed upon, in order to furnish means
to carry on the works in which the
COMPANY is now engaged, and for the
construction OF additional lines at an
early day. Two divideuds-one OF four
per cent. and the other OF FIVE per cent
on the capital stock were declared
during the same period, and two div
dends OF five per cent. each on the
Washington branch. Besides making
these dividends, during the year the
profit and loss account shows 40 IN
crease of $2,9O5 53703. By this &C.
CONT it appears that the "surPlus
fund representing earnings invested in
eDgiues. cars machinery. buildings,
bridges, double track, connecting roads
and their equipment. not represented eS
stock or bonds. now amounts to more
than twertv-si1 millions Of dollars,
1926, l52 269.36.)
During the year 4l2,sl0 new Cross
ties. 1904 tons of iron and ells tons OF
steel were used in repairing the tr acks
ofth. Main Stem. The whole number
Fo' miles Of track now laid with steel il
$50, and the contracts are stated TO
have been made for $1,000 tons to be
laid during the next year. In the coal
region. arrangements are being made
for the construction OF . third track,
besides pushing forward the work upon
the second track beyond Piedmont, TO
which point from Baltimore the second
track is complete. Other special i'm.
provements in contemplation are the
erection of q grain elevator at Locust
Point, with a capacity OF l,OOO0oO
bushels, and the addition OF five hun
dred hoppers OF eleven tons capacity
ssch for the coal trade.
Some idea Of the magnitude OF the
business which has yielded these
enormous revenues, and required these
expenditures, and is still calling fol-
larger additions to the facilities slresd,
furnished BY the road, may be had
from the statement that the through
tonnage Of merchandise East and West
during the year was 557,6s9 tons, being
nearly one.fourth larger than that Of
the wear before, while the coal trade
exhibits an aggregate Of 2O6s 6S3 tons,
inclusive of coal carried for the COM
papy's own supply. No figures are
given in reference to the passenger
traffic, but it i. stated that this business
Exhibits q marked and very sat'sfac~
tory increase The rolling stock re-
ouired for all this business consists o.
1913 locomotives, $50 raasenger and
baggage cara, and S579 house, stock
and other cars The new and addi-
tional equipment furnished during the
wear consisted Of 4S engines. 81 palace
and passenger cara. and 1854 cars for
general tonnage, pa Of which were to
replace cars worn out or broken.
No change of policy in the manage
ment Of the road is recorded or lore
Swallowed in the report. 1t is mentions
ed with satisfaction that the company
tariff for coal has continued, summer
AMI winter. without alteration for nearly
five wears. Renewed confidence ia ex .
pressed that the Pittsburgh, Washing
ion and Baltimore road will ultimately
become q remunerative investment y
The delays which have occurred in the
com pletion If the Metropolitan Branch
road are attributed chiefly to unusual
sickness among the workmen upon a
portion Of the line" but the assurance
is given that, the heavy work being
mostly over. "its early opening may he
safely anticipated" During the mast
wear the ompanv hiss acquired control.
BY contract, Of the Newark, Somerset
and Ssraitsvil'e railroad, extending from
Newark in Ohio, through Licking and
Perry couutirs, forty-four miles, to the
coal mines Of the Shawnee Valley,
which ia spoken OF As desirable con-
nection. The earnings Of this road
from Nav 21th to.Ssntemher 30,h, 1872
are III, h,wn at s2S, S77.96-e1 peuses
at sl7. SS3.l9.
For the future, the great work in
contemplation. in furtherance O the
interests OF the road and its western
connections, is the construction Of the
Baltimore, Pittsburgh and CHICAGO
railway from a point ninety miles nerth
OF Newark (Ohio), on the Lake Erie
divisiou, to Chicago-a distance Of 260
mi'es-which is expected within eieb-