Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-04-29
EAST OF TIE ROCKIES.
California Green Fruit in the New
York Market.
DESTRUCTIVE FLOODS In TEXAS
Preparations for the Great Strike
on the First of May-Sara
Jones' Mistake.
ESPECIAL DISPATCHES TO THE asooRD-uS1osI
ANNUAL. REPORT.
The Union Pacific's Earnings and Ec-
penses for the Past Year,

The Union Paciflc's Earnings and Er-
penses for the Past Year.
BOSTON, April 2Sth.-The Union Pacific issue7
its annual report to-day. While the Union Pa
cihe proper shows substantially the same result
as for lSoS, the whole system shows a compsra-
tive loss in surplus of 81 U70 000 the surplus for
the year being Sl,145,000 against 81 55l 200 for
the previous year This loss, President Adams
states. is due 10 decreased earnings of the Ore
gon Railway and Navigation mpany by reason
OF deficient crops in Oregon and Washington
The whole system of $50 miles shows the
gross earnings 10 be SS1, ,O7o, ,003 an increase of
Sol5000 the net earnings, 81 ] 90 GOO an increase
of s7S5.0ao: income, Sl2,t33 600, an increase of
SOL, 600. There is an increase of S26'000 in the
interest int rest charge $4,000 in the sinking funds
slsl 900 in the discount, etc. eOee in the profit
and loss.
The deficit of the st. J. and G. I. decreased
81, 900, that OF the o. r. and N increased $751; :
600, that of the Central Branch decreased s52-
600, that of the Montana Union increased Sl07,-
90, and that of the Kansas City and Omaha in
creased sil 600. Total expenditures, $40 SIS 600;
increase, 81 ,15S 0o0 balance, 81 las 000 decrease
s407, 900; earnings on stock. 1.SS per cent, last
year, 55 per cent.
The company expects as important advant-
yer and Gulf as from the Oregon Short Line and
Utah. To prevent another contest with the
Northern Pacific for the control of the ..
4. q N. Co., end to reduce the rental charge,
the Oregon Short Line and Utah Northern
purchased majority of the o. r. & N stock,
the money to carry which could be better bor-
rowed at one per cent less than the rensal
which had to be paid. This represents an addi-
tion of ~ ,095,0o in the investment account to
be further increased in completing the transae-
ton by SIS, 100000.
1t is intended to issue a collateral trust 5 per
cent. bond of the Oregon Short Line and Utah
Northern, secured by stock of the o. R. IL N Co.
The total debt due the Government December
S0th was $50 90S, 600. The amount to the credit
of the sinking fund in the United States Treas
ury is 900, an increase of 81 074 0e0 for q
year.
The gross earnings per mile from the whole
system are S6,0l8, against IS, $50 the previous
year, and the net earnings 81 16S, against S2,OEs
the previous year. The average debts per mile
IN the s. stem have been reduced Sc, 200 during
the last SIX years, and are now S2S, 1868 per mile
compared with S35,l 70 per mile June 30. 1884.
The Oregon Railway and Navigation Company
had had gross earnings of s6,ol6,OoO, a decrease OF
1854 600. The net earnings were 81, ,566 900, ade
crease of $677, 900. The betterment account is
credited with S12s, ,o0o compared with debt of
$l4i 200 last year. SO altogether its charges de-
creased by $290,0SS. The net deficit for the year
is S736 eco; the increase. 1887 0S7. The Oregon
Short Line and Utah Northern had to assume
this deficit, and its account for the year
stands as follows: Gross earnings So $40;
increase, Sal sos. Net earnings 81 62S Cos; in
crease S3l5 500. Total income, S3,077,637 in
crease S7ll ,09f. Bond interests 81, 1884 S99. in
crease, SOS, ISL. Discount interest ETC.. S2l6 754
increase, $50. ass. Loss on the Oregon Railway
and Navigation S7s6, POS; increase, 1887 0S7. Sur
plus, S2s9,797 increase, SI75,365. The Oregon
Short Line and Utah Northern earnings will be
increased by the completion of 2l2 miles OF Ore
gon Railway and Navigation branches. Bonds
will be sold from time to time for the reimburse
ment of the cost of extension,