The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-11-17
NEWS OF THE RAILROADS.
a FzArrKRESg REPORT ron rHE YEAR
BIZ THE BAL1IMORE AND ONO

0L IhH 6ALzk1Ohh NHD ooAN
TIE Asnssi Areets.g Yesterday m Haits-
se~e-RressAent Mayer Msatasse Msay
H.provenents that Are Contemplated.
BALTIMORE. Nov. 10-Mr. Charles r. Mayer.
President Of the Baltimore and Ohio Railroad.
submitted TO tho stockholders at the annual
meeting to-day q statement Of the affairs Of
the company for tho fiscal year ended Sept. so.
1901. The statement has q special Importance
In being the FIRST from President Mayer since
the declaration Of stock dividend Of 70 per
cent.
The statement says that Of the equipment
trust loan Of 100000 made with the Finance
Company Of Pennsylvania. there has been ex-
pended S1.377.27S for forty-one locomotives,
ten passenger. three combination. four bag
gage. and 1.7e5 freight cars The terms Of
this equipment trust require the payment Of
one-tenth Of the principal annually on Nov. I
OF each year. commencing Now. !. 1891. The
company has maintained through the year Its
cash appropriations to the sinking funds Of
its sterling loan due In 1927. and the Pitts
burgh and Conn ellsvillc consolidated mortgage
loan duo in 1925 These two sinking funds
now amount to $1.132060. The investments
for the appropriations and increments OF the
main line sinking funds have been made In tho
consolidated mortgage five per cent one hun.
dred-year bonds OF this company. and now
amount to s3.760OO0 in these bonds. in addi-
tion-to 1908 Of other flrst-class interest
bearing bonds.
The business on the Philadelphia division
continues steadily to improve. Compared with
1890 II shows: Gross earnings. $1.S09. 6s7: in
crease. $2O2. T07. or 11.95 per cent Net earn
ings. $3.50 457: increase. $1O6.223. or 1850
per cent The Staten Island Rapid Transit
Railroad. in which tho Baltimore and Ohio
Company has large interest, showed n sur
PHYS otter paying interest. rentals. and taxes,
Srs s sns oSn a under the s M & a g.
G and the n IT.
link IN its line to chicaae. sat}sinrt@ry n proR
Fsss is being mfde In tie q tho
and around Baitimo s anu Su''a'' ''n0 through
The , sSmpany has completed negotiations 70.
&ssssfH L. 70 g. II
ss s M ub bSre
next. thus giving It connections with Lake
d Erie "a and dsyslsnd HI.o eo8pieses tbs
Win grades. A.. as adventseeous as other *.
listing lines The parehsse provides fer the
linz 81 tn fas Is
negotiations will shortly be concluded which
Viii provide the baltimore and Ohio with Anu
As as pGs1 ss n in the c9PmnS
stem. Pittsburgh. and trans Ohio divisions. to
faciitate the prompt handlinG Of the passen-
agement realizes the extreme Importance OF
continuing to improve the physical condition
the IL Sp The
Of efficiency. In pursuance OF this
policy, these large expenditures, which are in
cluded IN operating expenses. were made dur
the For Of saTp
and structures. 81 49,. soe. "A'' " "A'
The revenues for the. first half Of the fiscal
use Of erSps Of 1880 and The eommerci aI con-
s Of e. tss sRd aSa Az
sion. were due to the entire suspension Of the
coke traffic upon these divisions during the
du 81 Ss p wss Tse as
up by the general increase Of traffic during the
last three months Of the fiscal year.
as ooMs o 1891 ~ ss
s1pensss or IS Fer cent; net earn
er csn IN .ss
In passenger earnings. $3.50: 200. or $40 -per
cent: increase In tons moved. 7S2.443. or $50
ssS Or 9sFe ees cent ~ passengers carried.
A table Of the operations for the year shows:
h:r sSs sss
ss5s!ns
Sn srsSsh SIX. 4Ss: .raii.sis nsons ssssisas
entail. ...:s sns ssssi charges FOR The ys.i sssas
:soet sas from
' ssvins S Ssnasa on