The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-04-29
THE UNION PACIFIC.
The Report Of the Past Year shows =
Great Failing ON.

BosToN, April 2s.-The Union Pacific
issued its annual report yesterday. While
the Union Pacific proper shows substan-
TALLY the same result as for 1sss, the
whole system shows n comparative loss
in surplus Of s401 600; the surplus for the
year beginning 81 ,l45,000, against 81 .552,-
600 the previous year. This loss. President
Adams states. is due to decreased EARN
inRs of the q. X. 4 n. Co., by reason OF
deficient crops in Oregon and Washing
ton.
CHICAGO, April 2s-The whole system
of 100 miles shows gross earning $3l,-
0O,OOO. increase Ss75,OO; net earnings,
81. .l96. 600; inccase. s7a5,OD; income,
Sl2,0ss, 500; increase, s75l 900. There is
an increase of s369,O0O In interest charges,
sia5,OOO in sinking funds, slsl,OO in
discount, etc., and $4,000 In profit and
loss. The deficit Of 81. J. d G. I. has
decreased $1,000: that of the %. r. 4 n.
increased Sss9,oU0; that OF the Central
branch decreased $4,000; that of Mon-
tana Union increased $i01 900; that of
Kansas City q Omaha increased $i1 900.
The total expenditures are Si0,s ,UO: in
crease, sl5s.0O; balance, Sl,i45,0OO; in
crease, S401 900; earnings on stock LIS per
cent, last year 2.55 per cent. The com
pany expects an Important advantage
from the consolidation OF the Union Pa
ciiic. Denver 4 Gulf, and from that Of the
Oregon Short Line and Utah 4 Northern
to prevent another contest with the
Northern Pacific for the control OF the d.
X. 4 N. company. and To reduce the ren.
tai charge of the Oregon Short Line and
Utah & Northern. II purchased major
ity of the q. X. & n. stock, the money
10 carry which could be borrowed
at one per cent. less than the rental
which had to he paid. This represents
an addition of s., ,0s5, ,DO to the investment
account, and will he further increased in
completing the transaction by S5,U0,UO.
Ii is estimated that the issue Of collateral
! trust 8 per cent. bonds of the Oregon
Short Line and Utah x Northern secured
by stock OF the %. X. \. 60.
The total due the government Deccm'
bcr ~ was SjO,9O3.UD. The amount to
the credit of the sinking fund In the
United States treasury is Sss,OUO, an in
crease Of Sl,O1i,OU for the year. The
gross earnings per mile for the whole sys
tenn is s6.Ols against $3.50 the previous
year. The net earnings were S.lts
| against S2,01i the preceding yeai. tn,
| been reduced Ia 81. 100 during the last si,
years, and is now S2s,a3 per mile com
pared with SS, 10 per mile June :D, lssi
| %. X. a y. Go. had gross earnings al
SB,0l6,O00, a decrease of Ssi,0DO; ne
earnings, 81, ,Sa,OO, decrease Of Sb.7,U ,Uo
The bctterment account Is credited will
sl2s, 200, compared with debt Of Slil ,UU
last year, so altogether its charges de
creased by S29O.0ss: net deficit FOR th'
year, sTI,O0, an increase of Sss7 ,0s1
The %. =. l.. and U. 4 \. had to assume
| this deficit and its account for the yea
stands as follows: Gross earnings
S5,5l2,A5, an increase of Sal sos; ne
earnings, S2,62s,Gi5, an increase o
S3l5, ,5S6; total income, $3,07I ,,li'
an increase 81 STll,OA. bon,
| interests, H,SA,s9, an increas'
increase If $50. ass: loss ON %. X. q y
s7,si, ,2O5, an increase of $751; surplu
s1sa, 7r,, AN increase of Sl15,'si5. The q
=. l.. and L. a. Meanings will he increase,
10y the completion of n. miles Of -. X. 4
y. branches. Bonds will he sold fron
time To time for the reimbursement Of th
cost of extensions.