New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-11-19
REPORT or THE BALTIMORE AND OHIO
INCREASED REVENUES AND SMALLER EXPENSES
TUE ANNUAL ELECTION.

INCREASED REVENUES AND SMALLER Expenses
TUE ANNUAL ELECTION.
BALTIMORE. Nov. 1S.-The annual general
meeting ockholdcrs OF the Baltimore and Ohio
Railroad was held to-day. Pre- dent Garrett submitted
tho fysecond annual report The total revenues of the
company shown TO have been 90 showing
an Increase, compared with 1877 OF S556ll9 Oh The
expenses OF operation and maintenance % ~ per
cent OF the being 5S3 cent less than last
year. Payments to tho several sinking funds, and on
account of principal and reduction OF Indebtedness
stated to have been $654i0O6 r. which, with the cash
dividend on November 10. 1877, OF S394326 show pay
ments and investments for the objects stated during the
year the earnings OF the company 1872 ~
The different loans will be fully paid on maturity.
The tonnage of through merchandise, East and West
has been lI9 400 tons while in the preceding year
was O17 Gi5 During tho year lending Septem-
Der 800 barrels OF flour and 2O639 ga bushels
OF grain were brought to Baltimore, being increase
OF 1856 500 barrels and 4,259,703 bushels respect
lively or this aggregate OF grain, 9365,233
bushels were wheat against 800 600 bushels in 1877
The receipts OF corn 1877 13200754 bushels
and for 1873. lO164.2s5 bushels The decrease IN
arose in large degree from the fact that the rates dur
ing portion Of the year were low in consequence OF
competition as TO cause absolute losses ana at several
periods the company declined to carry this commodity
In live stock the traffic has been l32462 tons In lum
Der brought to Baltimore ll2O TONS ana III petroleum
Col 9OT barrels.
The passenger earnings exhibit decrease from 81
1854 80 In the preceding wear 10 2OOSib a. THIS
reduction caused by the decrease of travel compared
with that connected with the Centennial Exhibition Or
October and November, 1876. The coal tradc OF the
main stem shows aggregate or liS3,016 tons which
includes 80 $50 for the cOmpani's supply, being
an increase ot ISL tons the preceding year.
The earnings of the companies known as the Chicago
Division or the year SlO57,55S SO. and the work
ing expenses for the period 82SOlO o. The sur
Mus credited the account Of this division IL Si29,
BIS 39 the working being 80 30 per cent The
earnings were 500 SG3 80 more than III the previous
year while deere ased S2O6404 "a, show
Ing compared with the pre-
yi0us year OF S3O6,26S The rapid improve
Ment OF the business upon this valuable nne
meets the expectations formed IN REGARD to IT, The
taxes paid these cOmpanles-S521s $50 0S-benH de-
ducted from the earnings-$i20,o4S 39-leaves S311-
The report was accepted and approved after which
Messrs Galloway Chcston' Francis Burns John Spear
Nicholas, John Gregg. William W. Taylor, Samuel
Kirby john King, IT,. q. A. Won Lingen Decatur IL.
Miller Jo,hua c. Harvey, William ID nne and Henry
G. smith were unanimously reelected directors for the
ensuing wear by a vote of 10 3ll SHARES.
la announcing the result, the chairman (Mr. AlberD
that he had listened to the report with great
qualification and that the interesting results shown
both the OF earnings and decrease OF
penses could not full to generally satisfactory
President Garrett then stated that by the use Of the
earnings represented by the dividend in stock which
had been declared, namely S5i6,i72 and from add
tonal net earnings the floating debt had been further
reduced the close OF the fiscal the Both
September last, the amount of more than 100000