Evening star., 1896-03-03

aSs ns aasaty pss IL q easa a
sion of double tracks the Pittsburgh virginia and
that line; the extension Of the .Farhil Rail
city of Philadelphia. built for the purpose Of
furnishing increased facilities for local freight
known as the Delaware River Bridge, near Frank
ford niladelpha q; the purpose Of which was ll
tom and viii be open for BUSINESS during hSts the
in the city Of Elizabeth New jersey, with the
exc, exc ption Of one bridge. is completed. aod the
:trGction of overhead ,nndergrade bridges ts
heins continued wherever it can be done with.
properly cooperate toward reaching this result.
At The close 10 Of the year your Board deemed it
at @h ay be NOTED tied hs of the ne
in: distance Of about five miles; the revision Of
f IN s NJ M 10y ap apd
all The grade crossings at that point will be elm
an of he sams @'1n oaa p SW ma fbe of ss a
ni ,. nlse several nno, changes in the valley Of
notable changes on the Pttsburg Division are are irs f
on on nat nat portion of yonr road on the western slope
amounts rebuilding Of more than four miles Of
road r, at an estimated cost of $7o0.O0o. whereby
,he present snurp curvature between Lilly's and
fortaS" Will be eliminated and practically
straight line substituted therefor; and second, re-
visn Of the line at point Greet,sburg:
Witch involves the construction of a tunnel
nearly half mile in length. and will result in
the saving Of considerable distance as well
material decrease in curvature These improve,
ments viii require an outlay of nearly $1,000. 900
ana VIII % he actively Prosecuted during the present
general condition of manufacturing and commercial
ss Of the Country vn a of m 1s a
Increase In your equipment. contracts nave been
np p for for the Construction of about eight
been delivered, and the remainder will be put In
The n"T % Of ofe ons of fsEht moved on tho
tn hFrs srnd divisions e east of Pittsburgh and Erie
81 io2 decrease of Lab 723 2s6 per cent.
in 1895 was 10 miles. an Increase OF one mile. .sei
The other large Railroad Companies cast Of
Interested show Increased earnings due to the
General business Improvement throughout the year
found in their respective annual reports, as we'll
as IN the pamphlet report Of your Company. The
Tour coal companies. in which You are Interested
WAS 2--os..4 tons. a decrease of S9.491 TONS
LINES WEST OF PITTSBURGH.
on the lines west of Pittsburgh operated by the
in, rs1yl'ania hi.,s cemnny n = and the tshush Gin
The result was follows:
Earnings of Pennsylvania Co. . $50, SIS. .3st os
Expenses ........................ 1a5s5.i:!s q
Leaving net earnings. ......, S. 3oo 6os 81
i'eh'ai' interest. &c. I,'S3, ,3G4 VI
Net pfoht on Penna. Co.'S lines.... $91O, 26l SO
EARNINGS of Pittsburgh Cincinnati
hi'ago and St Louis Hallway. -. $1s,1s5 126 II
fApeises 13. 16G, 1854 81
leaving net earnings. s4.36s, 781 II
RENTAL interest. &c.......... 3.67S,OI5 SO
Net profit Pittsburgh. Cincinnati
Chicago and st. Louis Railway
Coinpany's lines es................ 81. 1906 6S5 S4
Net profit lines directly operated
west Of Pittsburgh. ............. 81 2O9 $50 81
Th. other lines OF Pittsburgh on account
or which Your Company has assumed direct ol,iga-
lions. or In which it is largely interested through
ownership of securities hut which are operated
thrGiSh their own organizations, are, the Cincin-
aud Washington Eailroa'l: Pittsburgh CHARTERS
and loushiogheny Hallway: Cleveland. and Mari
eta Railway; Grand Rapids and Indiana Railroad
and roads operated through its ersanizato Toledo
ieoria and Western Railway: and the Terre Haute
and Indianapolis Railroad, and roads operated
through it's organization. '' 80 '-''.
ne aggregate gross earnings of these
Iu'us were ............. SS,9bo3S4 81
EXPENSES -.................. I.4O1 132 80
Net earnings s.................... 1857 PSI 90
Deduct rental, interest, &c...... ], ,S6S 10 81
Loss ......................... $3iO91S 80
of this loss the Pennsylvania Rail-
road is responsible for. ........r S222 OS4 81
Which deducted from the profit
shown above. ve...................... 2,aO9s50 Ct
of Pittsburgh for 1898. ........... $1.9S7 S86 10