Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-11-21


We have received a copy Of the fifty
sixth annual report of the Baltimore
ann Ohio Railroad Company for the
fiscal year ending October l, 1882, from
which we extract the following points
Of general interest:
The total revenues of the company for
the year amounted to S1S,3S3, S75.72,
showing a decrease, compared with
1881, of $50, 0O1.54, and compared with
1850, an increase of S66,135.62, and
compared with 1879, an increase of
s., 1S9, $500.
OF this sum there was derived from
the Parkersburgh branch 1924, 665.3O;
and from the Hempfeld branch 49,
SSO.IS. The working expenses Of the
Parkersburg branch were S5l6, 54.4S,
showing net Sos, O70.s7. The earnings
were SS7, 49,. 80 less than in the previous
year, and the expenses decreased Sl23,-
IA. 10, showing netinerease compared
with the previous year Of S35,64S.75.
1901 tons of steel rails were used, thus
completing the entire branch with steel.
The large percentage of through BUSH.
ness upon this road, and the low rates
at which it was crrried for the past nine
months of the year, caused the great
diminution in revenue. The decreased
expenditures resulted largely from the
use of ,3Ol tons of steel rails, compared
with 2,769 tons for the preceding year.
1t is shown that the earnings Of the
main stem and branches stated, in COM
parison of the fiscal year Of 1881, have
decreased $685., 6s9.96, and the working
expenses have decreased 1922, Ol7.72,
making comparative decrease IN the
net profits of S273, 672.24.
Semi-annual dividends Of five per
cent. upon the capital stock were paid
on the lst of November, 1881, and on
the 10th of May, 1882.
The profit and loss account shows an
increase for the past year ofSl ,64O, 97S.2S.
1t will be seen by this account that the
surplus fund, which represents invested
capital derived from net earnings, and
which is not represented by either stock
or bonds, now amounts to SS,9O7,-
65S.S4.
The increase IN the surplus fund for
the year ended SOth September, 1881,
was 81, 697, OSS.24, whilst for 1882 it has
been s., 64S, 1888, thus showing a COM
parative decrease of net results Of S4S,'
O6O.O1 The capital stock of the road is
less than any of the trunk lines, being
only STATS, 900. The capital stock of
the New York, Lake Erie and Western
Railroad is SO, 943, 100, that of the New
York Central and Hudson River Rail-
road $50, 42S, 800, and that of the Penn
sylvania Railroad 7,672,75O.
1t is shown by the report of the Trans
pOrtatisn Department that the tonnage
of through merchandise East and West
has been 2,O43,227 tons, whilst in the
preceding year it was 2,Ol4,llO tons
and l, 9SO, 397 tons in 1890. and !, 425,629
The coal trade Of the main sta
an aggregate of 2,52l. 226 tons, which
includes 1856, 626 tons for the company's
supply. OF this quantity that trans
ported for the public, deliveredin Balti-
more, is 1,67l ,O97 tons, and that deliv-
cred at local and western points, Ala, 500
tons. In the fiscal year, 2,447, 749 tous
of coal and coke were transported on the
Pittsburgh division, and 67s,04l tons of
coal on the Trans Ohio divisions. The
aggregate of coal and coke thus trans
ported, including all divisions, was
5,647,0l6 tons, showing an increase for
the year of l,lO7, 1899 tons.
The much higher comparative cost of
mining he Goals of Maryland and West
Virginia, which are more readily work.
ed and with less labor than the Goals OF
the competing regions, prevented these
important interests, for number of
years past, from competing effectively
with similar Goals in other sections.
The system which has been organized
since the recommencement of work,
will enable these regions to participate
in the improvement of the coal trade of
the country.
The passenger earnings exhibit an in
crease from 81, ia, 922. 16 in the preced-
ing year, Sl,S79, 99O.S4 in 1880, and
81 Ill, O33.SO in 1879, to 81 ,922, 40l.17.
ASEvERE TEST OF VIRTUE.
L., = . Cos. q -nnnrtnI 70 hn