The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-11-19

ANNUAL REPORT OF THE BALTIMORE
AND OHIO RAILRoAD.-This document, saws
the Baltimore San, presented to the annual
meeting Of the stockholders of the company
yesterday, for the year ending September 30th,
1874, pre- sents, Notwithstanding the general
depression Of business since last fall, very sub
stantial net results financially. A full abstract
Of the report is given elsewhere. The total re-
ce pts for the main stem and branches aggreg-
ate $l4,940. o9o.42, showing a decrease of s74e,
10S.4O as compared with 1873, and an increase
Of 81 1920, 413n as compared with 1872, and of
a2.3S9,561 as compared with 1871, and of
"a, 1O6. 7l9 81 over the receipts Of 1870. The
expense Of working and maintaining in repair
the road and machinery was s9,4l6.650.67, be-
lug 62.99 per cent. on the earnings, and show
ing decrease in this regard of l.63 per cent.
as compared with 1873. While the earnings Of
the main stem have decreased during the fiscal
year. the working expenses have been dimin-
ished to such an extent as to show compare
tive increase liz the net profits of SS3, 80.
Compared with 1872 the increase of net profits
is S4S5. 9SS. go.
The surplus fund of the company at the
close of the fiscal year was s32. IA, 100. Is,
while the entire mortgage Indebtedness, inclu-
ding the loan of 100000 negotiated in Lon
don last January, was 800, 06l, 564 80, showing
an excess over Indebtedness of $3.0S2, 595.35
There has been an expansion OF tonnage Of
through merchandise cast and west from
$40, 2G5 tons in 1873 to 2,256 tons in 1874.
The increase in flour freight was CO. l51 barrels,
and OF grain 2, Isl. 704 bushels. The live stock
traffic increased 1,6l2 tons. The coal freight
decreased 24l. 600, this being the only article
of tonnage showing a decrease, notwithstand-
ing the general restriction OF business through
out the country.
The earnings of the Washington Branch
were 1878, 323.31, showing & decrease Of net
earnings of $50. 724.9s. The expenditures
were s126, 034.36. The sinking funds, gen.
orally. Of the company show Il large increase.
branches consist of $40 locomotives, 3lS pass
enger and baggage cars, and 11,S69 house
stock and other ears, Steel rails are laid OF
5l4 miles of track, and 1000 tons Of the same
will be laid during the next year. The econ
omy of using steel rails is shown by the larst
reduction of s434. 1886 in the cost of repair
Of railways.
The second grain elevator at Locust Point
with working crpacity Of 100000 bushels
has cost SIT, 1858 &c.
The construction OF the Baltimore Sh0r
Line of the Marietta and Cincinnati road
which was opened yesterday, has shortened
the distance between Baltimore and Cincnn
att more than ten miles, reducing the tim
about one hour. Proper aid has been extend
10 the Washington city, Virginia Midland ant
Great Southern, and the Pittsburg, Washing
ton and Baltimore roads, and the assistance il
is elaine |. is fully justified by prospective ben
efits from those roads to the trade of Baltimore
The Chicago extension, now completed, ha
been built without mortgage Oh it, cash hayin:
been paid for labor and materials. The re
port concludes with an endorsement of tin
Delaware and Chesapeake ship canal project.