New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-17
a. 40 I'D o.

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The gross earnings of tho Philadelphia lne embrac'
ing the Baltimore and Philadelphia Railroad ana the
Philadelphia branch. were 1,o9o,639 3d. against
81 606 $40 81 In 1890; expenses. Sl,343looo' net
earnings S556457 20. against s45o234 10 last year.
The net earnings of the main e,ia division were
s4613e72 81; of the Pittsburg DIVISION Sool' TO-
and Of the Washington branch, S19o'1oo TO-
The report states that the policy OF improving the
condition Of the road and increasing the railroad stock
and betterments will be continued During the year
lust closed the improvements exceeded those OF ten OF
twelve years previous The tonnage moved on the
entire system during the year was 14,77O,614. The
aggregate expenditures for construction and better
ments for the year have been Col 80" O6, an IN
crease Of s2O6,479 SO. The management includes In
operating expenses large expenditure made In better
ments. OF the equipment trust loan, Series L, Of
81 600 900, made with the Finance Company Of
Pennsylvania there has been expended 81 27S Co.,
leaving still unexpended 1922, 521 o. The company
has maintained It's cash appropriations 10 the sinking
funds of its sterling loan due In 1927, and the r. and G.
consolidated mortgage loan due IN 1926. These Two
sinking funds now amount to 81 $4,000. The invest
mcnts for the appropriations and inccments OF tho
main line sinking fund have been made in the con
soldated mortgage per cent 10Oycar bonds Of this
company, and now amount to SO, 100000 in these
bonds IN addition to S5174208 of other rstclass IN
restbearng bonds.
The gross earnings Of the Staten Island Rapid Transit
Company were $1,O2o,597 90; operating expenses
1851 500 81 net earnings, S39300s 05; surplus, $685.
9o3 SO.
Referring to extensions of lines during the year. the
report says the Akron and Chicago Junction Railroad
will shortly be opened for general business when the
b. and o. will begin to realize the benefit anticipated
in the completion Of this link to Chicago The West
Virginia and Pttsburg branch has been completed 40
miles. Satisfactory progress is being made in tho con
struction OF the Belt Railroad and tunnel under this
city to connect the Philadelphia division with the main
line. The company has secured controlling interest
In the Ptsburg and Western Railroad for 800, to
be paid IN common stock CT the Baltimore and Ohio at
par The control OF the system furnishes connections
with Lake Erie and Cleveland. At Chicago the terminals
OF the company have been inefficient but negotiations
have nearly been concluded which will provide ample
facilities 1t Is proposed during the coming year TO
make large extensions to the sldngs and third tracks
on the Philadelphia division and the main stem.
The net bonded Indebtedness Of the entire Baltimore
and Ohio system Is put down mt $I3,4Si 7'A; cash re
ceved from main line sinking funds, $3l2.1i0 80 net
outlay for interest funded debt for year. S4O49.
255 %.
The contracts made by the directors with the Chicago
Rock Island and Pacific for various terminal facilities
Chicago. and also for the purchase of controlling
interest in the tsburg and Western were unanimously
approved President Mayer. Vice Presidents King and
Lord General Manager Ode and several directors leave
the city next Thursday to make the annual inspection
OF the company'S lines.