The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-11-19
PRESIDENT GARRETTs REroRr
A Years Business OF the baltimore nlsd Ohio
HaIIrond and It, Hrnnches.

BALrIMoRE, Nov. 10. At the annual moet-
ing OF tho stockhoi Of the Baltimore and
Ohio Railroad to-day tho annual report for tho
fiscal year ending Sept. 80. 1878 WIS submhted
by President Garrett II W shown that the Darn
ings OF tho mnin stem and branches have. in
comparison with the fscal year 1877. inoreasOd
1901 oil &C. and the working expenses have do
oroasod t80.806,89. making n comparative
Increase la the net prcbis OF t9S27
Payments to tho several einking funds and on
account OF principal and reduction OF lndobted-
nres are ainted to have boon tib4i0O8 "a.
which. with tho cash dividend on Nov. 10. 1877.
oi 1894 .326. shows paymen,s and investments
for the objects stated during tho year from the
net earnings Of tho company. 81 9Ss S9272
OF tho Baltimore and Ohio Railroad Company
are baecd will cause tho entire indebtedness
with which they nrN connected to be- met hy tho
period Of tho maturity Of tho resnoc,ivo loans
from tho annual appropriations made for those
,pnds, togethcr Win the lnn,reS. eccru,ng from
1873, f950.OO0 OF debentures wore paid In
London.
ehows that the tonnage Of through merchandise
East and Wpat hhs been ,119 400 against .O47, q
t45 tons Tor the preceding year. Thore WIS
hrought to Baltimore during the fiscal year
Ws.2ll barrels of -four md 2D939 664 buahels
~ grain. AN increase Of 1856 Boo barrels and g.,
OF grain 1895 23S hnehois were wheat. The
receipts OF corn for 1878 were 10 1874 285 bush
els. showing 2 decrease ot S.l2642s bushels
etock thc trnfIlc hrs b''en l92 4s9 tons in lum-
bcr brought 70 Baltimore 4 ;270 tons. md in pc-
lngs exhibit n decrnnee from 81 964 BO4 80 in tho
preoeding year W 81 $40 .Sj678 The coal trnde
O7s tons. being an incrcnsc OF AZ .sii tons over
the urer"ding year. During the fiscal year OF
1879 36Se tons 2t coke nn coa,wgrc ~ Trans nss
| tons OF coal on the Trans Ohio division.
The earnings ~ the companies known ma tho
| Chingo division for ths nscal year w,re
| 81 O57 sos 96. and the working expenacs for tho
| ennc period. t62S SOlO.57. The eurplns cr.dite !
to the account oi tn" division is H29 54S 30. The
| working expenses teng 59.38 pr crI' Tho
| earnings were t99 s63 SO moro than IN 80 pre-
| yious year, white the eXpenses dscrcaecd
with the previous year Of ,S0o '96s Tho rapid
| Improvement OF the business upon thi. vRua-
bic line meets the expectations formed IN re-
gard 10 II. bascd upon its singular dircctncss.
low grades. md the important centree Of traiflc
| which u so effectively reachos.
| The earnings Of the parkcrshurg branch for
the fiscal ycnr wore t659 6aS7i. and working
| oxpenses. ti73.675.51 showing u not Increase
over tho preceding year o. t70. .iG3.G5 Tho az
| grcgnte earnings Tor the f-cal year of the main
| stem. the Winchester and Potomac. Winchester
and stras9nre the Strashnrg and Harrlson-
| burg, tho Metropolitan branch. and the Wash
| ngton City and Point Lookout Railroads the
Washington County Railroad for three months
| 10 Jan. l. 1878. the Washington branch. 1.-THE
| Parkershurg branch. the Chicago division cen
| tral. the OHIO division. the Lake Erie division
The pittsburgh division. the Wheeling. PITTS
| burgh and Baltimore Railroad, and the New
| ark. Somerset and Straitsyile Railroad were
| els. .765. .27J99 expenses. s. ,769 3Ol SO making
| the net earning 81. .995 .97S.63.
As the interest paid upon tho fvo per cent
sterling loan OF 81 GOO 900 taken for account o
! this company amounted during the past yeAr.in
Guiding the premium on gold. to 1897 .S95 II, the
line already shows its ability to pay from its moi
earnings more than the entire sum exclusive o
taxes. The taxes paid for these companies
| $50 .is9. .9S. being deducted from the earnings
| t429. .54S.39. leaves 1917 1854.
The report was accepted and approved. after
John spear Nicholas. John Gregg, William W
| Taylor Samuel Kirby. John King. Jr., q. A
| Won Lingen. Decatur H. Miller Joshua q. Har
| unanimously reelected directors for tne ensu
| ing year by a vote Of 40 9t4 shares