Daily press. [volume] (Newport News, Va.) 1896-current, 1898-11-19
Is. & o.'s ANNUAL REPORT.
Increase of Nearly $4,000. 600 in the )

d
BALTIMORE. NOV. is.-The I'D an
nual report of The president and direct
ors Of the Baltimore & Ohio Railroad
for the year ending June %Oth. 1898. vas
approved by the board today and order
cd submitted to the stockholders at thci,
regular annual meeting on Monday No
N"mb"r 2lst. The property of The com
ranH has been operated by the receiver
durn" the entire fiscal year but as ex-
Planned III tllc last annual report the
board deem il proper to continue the
regular annual statements of the com
pany.
The report contains some very valu-
able Information for the studcn, of rail-
road statistics and shows quite conclu-
sively that the improvements made dur
ing the past two years hay" been amply
justified by the results Elaborate ia
h!e.s ar, printed show ing every detail of
;he operating. traffic and financial de-
partm"nts Of ti.. company. 1t is the
most COMPREHENSIVE. report ever issued
by the !:alt,nor" & ohio Railroad
The inc"me account shows receipts
from freight Of 500 900 1872. an increase
Of 81 .Gf". "f2-"5 from: passengers s5.2i1.-
t59ol. AN increase of slSS.l:,7 90: from
| mail. S.G1 .Gt".Ci an increase Of $22.3ls.3.
from express, Sco2. 3:3l AZ. an increase Of
s?.G299o. ana from miscellaneous
| sources. such nS mileage. elevators car
service. "xccSs baggage. milk. etc, ST..
| lo5.i3S.;f. an Increase If SD IS Tn"
gross income therefore was 81, 30, ,sI Sc
an increase, of S2.lid GG:.. 80.
Tho expenditures include general eX
renseS Sl,9GS :%.::.'; so an incr"as" of 80
| lAo.o% conducting transportation Sill
! lGS. .22 II, an n"r"aS,, Of $l0'.l2S %;
| maintenance OF equipment. $3."0i. IS1.Sf
a decrease. Of $2l. .o5i "a. maintenance, Of
way ANA structures. $H.S24 2i4.51. a dc
crease .. S2H9.-lG..:,. Tho total expenses
9H1.3:
NET EARNINGS.
Tho net earnings from tn" ralions
" the property We're $1,4tG G9G.52 an in
e,casc OF sl.S7s, GGs %: income from other
sources. 81 or. 4T1.af. u decrease Of So.
$50. Dcauc,inG net earnings Of tn"
Washington branch 1921 A05.9S. there is
left an available income amounting to
S. 3"G, 1GS An increase Of SITE. s."
From tho available ucnm" is deducted
interest on bonded Indebtedness. rent
ais taxes and other charges amounting
| to Is. LAG, 121,Al leaving balance of
| $l9noio as against d"fici, in lA?' of
Sl.111.l2ll2 an increase over last year
| Of 81. "G1 lGl,7l
| An important ana Instructive compar-
| ison is the percentage Of increase or dc
| rrcas, IF earnings ana expenses of 1888
as compared With 1897, The increase in
| gross earnings MAS So per cent: in
| operating expenses. IL. per cent: in net
| earnings 1863 per cent. in earnings
| from freight. a.01 per cent; in earnings
| from passengers. 3I2 per cent. in earn
| ngS from mail. $50 per cent: in earn
| ng sfrnm express. I.G2 per cent; from
| miscellaneous sources. "o.'2 per cent,
| Tn" ratio If expenses 10 earnings in 1897
! Hcr. -. IA per cent, showing the very
| lppr"rahc decrease of 40" per cent.
| nScrhod to physical changes in track,
! N
| and larger cars.
| INCREASE ,pr BUSINESS.
Tho company carried in 1898, y 9S6, 22
| tons nf freight, an Increase Of i,26". ''
| ~ last per cent, The tons carried one
| mile w.r. i,"G2, ~ .oic, an increase Of
| 4i.Gr per cent Tn" average dStnuc"
| one. ton MAS carried WAS l?S.il mills an
incr,.;,s, of i.l3 Ter cent. The average
| earnings per ton. based IN exclusive
| freight revenue. We're nln"'N-"n.t cents.
4 lrcrcas. Of seven cents. Th,. avrrls,
! ,inings per ton per mile W"r" los cents.
| Il decrease "f ,oG6 cents III" freight
| rain milcaE. was li..l9.IS". Il decrease
| of CAS- 80. miles. rh" average carvings
per freight train mill. Mere Sl,io6. an in
! re:S. of seventeen ana iwo-tenth cents
| u 1894 per cent.
" \ record /6f the soft coal tonnage of
the SiH-U l1nths from January LIST, 1898.
| shows ".GG0.519 tons. "l G2'.4Gd0.s tons
| hat one ton was hauled was lIo32
niles IN. average earning tty-ti%c
| cnts per ton. and the average earning
| "r ton mile B.: cents
The reports ais" contains the average
almh.r If toms hauled per train mile.
switching excluded. rs follows: rhila :
iclphia division. $50. main stem, 36h.
nain stem. including branches. ;io1 :
t'i1,sburG division and branches. 3N4
'Trnns-thi" division, $50; average for