The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-11-17
ITS ANNUAL REPORT
How the Great Northern Stood on
June 30 of this Year.
A GRATIFYING CONDITION
Along the Line OF the Montana
Central Profitable Business Has
Been Done-Statistics Which
Tell the Truth.
GRATIFYING CONDITION

Northern railroad has been issued for the
year ended June 30. 1895. 1t shows q very
gratifying condition of the business and
especially along the line in Montana and
on the Montana Central. The report says:
During the year ended June 30. 1895,
this company has enjoyed a reasonable
increase i'm the volume of its freight traf-
fic. a good share of which has come from
the newer portions of it's lines in Mon
tana and on the Pacific coast. The
largest relative increase in tonnage has
been on the Montana division. The
wheat and grain crops of Minnesota and
North Dakota show an increase over the
previous year of about 5,000,0 900 bushels or
10000 tons.
"A material reduction in the average
rate received per ton per mile will be no.
ticed, which is mainly due to the larger
amount of grain. ore lumber, coal, ETC.,
carried. which pay proportionately low
er rates.
THE passenger traffic shows a decrease
in the volume of business with an in
crease in the average rate. This may be
attributed to the general condition OF the
business of the country and a consequent
falling off in emigration to the newer
states. There has arisen, however, dur
ing the present summer considerable
movement on to the fertile and low
priced lands of North Dakota and Mime
sofa and II is believed that intelligent ef-
forts on the part of the people and the
railways will result in extending this set
Element to the state of Washington.
which, for timber, fruit, stock raising.
general farming mining, ETC., has no SUI
perior in the union.
THE operation of your railway has,
during the year, met with no serious in
terruptions from SHOWS, floods or other
wise, with the exception of the forest
fires along the line of the eastern rail-
way in September, 1894.
THE work of permanent Improvement
of track. replacing go with 75-pound steel
rails, changing pile culverts and trestles
into solid entertainments with either stone
or iron waterways, and replacing wooden
bridges with steel structures OF strong
design has been continued as heretofore
and will be continued until all temporary
structures are changed into permanent
ones. To do this as 1t has been done will
take from three to four years.
1.-The track, bridges. buildings. shops
and locomotive and car equipment are all
in good order and condition.
THE permanent character of the work
done on the mountain portions of your
line during construction and since has
enabled the company to operate its line
in those sections with safety and great
economy. The board of directors wish to
call particular attention to the fact that,
while the cost of operation per train
mile, which includes the cost of mainte-
nance of track, equipment, renewals, i'm
provements, etc, is unusually high, your
company's earnings per train mile, both
gross and net, will compare very favora-
bly, with those Of other railways similar
ly situated, or even with those OF rail-
ways enjoying a much larger traffic at
rates as high or higher than the rates
received by your company.
AT the time of making this report the
crop for 1895 indicates the heaviest grain
tonnage ever hauled by the road. which
will be handled under more favorable
conditions than ever before. The fiscal
wear ending June 80 1896, should show the
largest net earnings in the history of the
company.
During the year the company opened
it's new shops at Spokane, where it has
ample facilities for doing all the repair
work on the equipment used on the west
ern divisions.
Large additions have been made to
the terminal and division yards at Min
neapolis, Melrose, West Superior and Du-
luth.
"On the great lakes there has been car
ried a large tonnage during the year, but
most of IL at very low rates.
THE Northern Steamship company
second passenger steamer. North Land,
was put into service early in June, and
the season is showing very satisfactory
increase in the traffic of both passenger
steamers, particularly in the travel
| brought by them to your railways"
The land department sold 2.so6 acres for
| S12 152. %, and had left Ll.Ss5
The income account of the road is
shown by the following figures:
Surplus earnings from
operation under lease
of st. p, M. & M.
Ry........ .....- l3l'oH.s
, Other income
t., ~, honds ovn,d MA ei7n
Div. on stocks own'd. 7sl.631.0o
Rent from lines leased 22S640.3e
Int. and exchange. As2.B
Bills receivable. 5,654.n
Income from other
sources. .....- loo,uo-Sf
Total income ................ ~. 4Ss. sos .4e
From which has been paid dividends as
follows:
Aug i. 1894. IL per ct. SAL, $4,000
Nov. i. 1894, Ia per ct a2.5cooo
Feb. /. 1895, Ia per CT. a2.5ooo0
May i. 1895. IL per CT. a2soo.oo
Balance transferred to
profit and loss SIS. 5os a
The following is a detailed comparative
statement OF gross earnings and operat-
ing expenses for 1895 and 1894:
Gross Earnings. Per cent 1885.
Freight ...... ......fs.Vozf slo,5oo'OS1. "a
Passenger ...-.H.l4oz leo4'e<l ~
Mail -. .......... -. ASIA S76. AZ. 6s
| Express $500. ..... -. 1882 1e3. e32 IL
Miscellaneous :. ...... 2.66Ss 350.0l4 q
Total 49,. ...... ........... .sls, 100 $50 s.
Per cent. 1894
Freight .......... .... II. 2sS5 s.7se 9s4 o;
| Passenger &C.. .... ....l5.95ss 1S10, 3e9 s;
| Mail .......... ..... 80. 2.6S64 304 s,
| Express ..... 1890. 80. .es92 1s3 500. 81
1 Miscellaneous =. ....... 2.Sf93 s23. ri OF
4 IOtdl -tAAso1osas y
Operating expenses Per cent. 1885.
Conducting transporta-
ton. .......- ........i9.76d 5 $50. 69S. ~
! Maintenance OF equip
ment -.I-SOo4 soo.s51 o
| Maintenance OF road
and structures ...-...3.716s i.s9. 81. .
General expenses I'D 0S0 72s.51 .