The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-06

The New York, Ontario and Western Railroad
reports gross earnings for August OF 1856 =
same month of last year, and net Sl2l,774. a
decrease OF S20,553. For the two months end
Ing, Aug. 81 the gross earnings were $79t.sl3,
corresponding period Of last year, and net
$269,344, a decrease of $40, 795.
The Norfolk and Western Railroad reports
crease OF $l3l.494 as compared with the same
month of last year. and net S34s O36, an increase
OF $3.50, 3O2. For the two months ending Aug.
81 the gross earnings were 81. 900. $50. an in.
crease of $l4l,i77 as compared with the corre-
spending period OF last wear. and net $6l3 ,S46,
an increase Of 1907. 1877.
At the annual meeting OF the stockholders of
the Northern Pacific Railway Company to-day
a statement of the operations OF the company
for the ten months ending June 30 last was
submitted. A comparison with the correspond
ing period of the previous fiscal year Is impos-
siblc. because up to Sept. /, 1896, the company
and the various branch lines now composing the
system were ia the hands of receivers. For the
period first mentioned the gross earnings were
ll,ail. Sls and operating expenses -, 100. S73,
leaving net earnings from traffic 50. 7S5, 0I5.
Taxes were $42s, Gs0. and income from other
net revenue $5,8i2. 3o5. Interest on funded
debt was s 5,l1O,24s, and $l2,22s was written
contains a history Of tho reorsanination Of the
company, details Of its present capitaliza-
ton and physical condition, and a de,
issued. Tho reorganization is now com
p,lele, EXCEPT that Tho lands east OF tho
NllbeulilI v tIt SUI nGlu ny lHc TbGelNcTa.
Tho Northern Pacific system now consists of
4;375 miles and the company owns about
81 900. 900 acres Of land. nearly all OF it west Of
the Missouri River. Its land sales during tho
ten months realized $ilS, 02I. The current
liabilities OF the company are s .4s3,9S5. and
assets S7,l37,Oll, being an excess Of assets Of
81. o26. Under the plan of reorganization n
fund of S5 900, 900 was provided for betternents.
This consisted of 1854, 9l3 In cash and the
balance in general lien mortgage bonds at so b
cent. OF their par value. OF this amount 81 ,O5l,-
1853 of the cash has been expended. and the bal
ance is held in special account. Tho most inter-
train LOAD has been raised from l73 tons three
years ago to 800 tons. OF the operating eS-
penscs II little over 40 " cent. was for main
tennnce OF equipment and 30 y cent. for the
maintenance of roadway and structures. The
accounts of the company have boon audited and
certified to By a well'known firm OF public ac-
countants.
The pamphlet report OF the Minneapolis and
81. Louis railroad Company was issued to-day.
The income account has been published. After
paying all other charges for the year ended
June 80 there remained II balance sufficient to
declare dividends OF 3 " cent. on the second pre-
ferred. the usual dividend OF 5 u cent. on the tirst
preferred sock, and leave an available surplus
OF $7s,7S6. Earnings from passenger traffic were
the largest in the history OF the company. Earn
ings from freight traffic decreased g,09 y cent.
owing principally TO the diminished average
rate per ton per mile. .Operating expenses
inRs, as against 56.O5 y cent. the pre-,
vious year. There. was expended for bet
terments S9O,Ols all OF which was charged TO
maintenance of way ana structures. There
were laid in the year 1886 miles OF new steel