Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-19
IKE ANNUAL REPORT
OF the B. & 0. Railroad Made Public
Yesterday.

eoeoi auJ.
THE STATISTICS SHOW A VERY SAT-
ISFACTORY STATE OF AFFAIRS
ON ALL LINES CONTROLLED BY
THIS CORPORATION.
The annual report of the Baltimore
and Ohio Railroad Company was made
public yesterday, as follows
Baltimore, Nov. 18th, 1898.
The seventy second annual report of
the President and Directors Of the
Baltimore and Ohio railroad for the
year ending June 30th, 1898, was ap-
proved by the Board to-day and order
ed submitted to the stockholders at
their regular annual meeting on Mon
day, November 21st. The property Of
the company has been operated by the
receivers during the entire fiscal year,
but, as explained in the last annual
report, the Board deem it proper to
continue the regular annual statements
of the company.
The report contains some very valu-
able information for the student Of
railroad states and shows quite con-
clusively that the improvements made
during the past two years have been
amply justified by the results. Elabor-
ate tables are printed showing every
detail of the operating, traffic and fin
ancial departments of the company.
1t is the most comprehensive report
ever issued by the Baltimore and Ohio
railroad.
The income account shows receipts
from freight of $4,000, 215.22, an in
crease of S1,663, $685.; from passen-
gers, $5,247 1901, an increase of $685.
15709; from mail, $767, 64364, an in
crease of $22,31S93; from express,
$500, 32l.45, an Increase Of S9,629.20,
and from miscellaneous sources, such
as mileage, elevators, car service, ex-
cess baggage, milk etc, S1,105, 1885,
an increase of S257, 1868. The gross
income therefore was $27,722, 1876, an
increase of s2,140,665.55.
The expenditures include general ex-
penses, 81 1868, 1885, an increase of
S75,140.53; conducting transportation,
$11,16S,722.11, an increase of $780,
428.09; maintenance of equipment, $3,-
3O4, 1876, a decrease of $217, 054.34;
maintenance of way and structures,
So, 1874, 244.57, a decrease of $299,5l6
The total expenses were $20,276,O91.34,
an increase of 1868, 1888.
The net earnings from the operations
of the property were $7,446, 696.52, an
increase of $1,S76, 66S.02; income from
other sources, SLOT, 477.46, a decrease
of S23, Deducting net earnings
of Washington Branch, 1921, 405.9S,
there is left an available income
amounting to $8,336,76S, an increase of
s1,742,77785. From the available in
come is deducted interest on bonded
Indebtedness, rentals, taxes and other
charges amounting to $8,l46, 72I4,
leaving a balance of $190,040 as against
a deficit in 1897 of SLIT, 121.12, an in
crease over last year of $780,, 16171.
An important and instructive COM
parison is the percentage Of increase
or decrease of earnings and expenses
of 1898 as compared with 1897. The
increase in gross earnings were S.37
per cent; in operating expenses, 1.32
per cent: in net earnings, 1888 per
cent; in earnings from freight, 9.O7
per cent; in earnings from passengers,
3.72 per cent; in earnings from mail,
2.99 per cent; from miscellaneous
sources. 1892 per cent. The ratio of
expenses to earnings in 1897 were 1928
per cent, while in 1898 they were 1914
per cent, showing the yer. appreciable
decrease of 500 per cent, ascribed to
physical changes in track, new and
powerful locomotives and new and
larger cars.
The company carried in 1888, H.
csc, 22O tons of freight, an increase OF
3,269565 or 1747 per cent. The tons
carried one mile were 1852 PAL 046 an
increase of 2467 per cent. The aver
age distance one ton was carried was
1884 miles, an increase Of 6.13 per
cent. The average earnings per ton,
based on exclusive freight revenue,
were ninty-one cents, a decrease Of
seven cents. The average earnings per
ton per mile were ASS cents, decrease
of .066 cents. The freight train mile
age was 14,219,7S2, decrease of 643,353
miles. The average earnings per
freight train mile were $1.406, an in
crease of seventeen and two-tenth
cents or 1894 per cent.
A record of the soft coal tonnage for
the six months from January list, 1898,
shows 3,660,579 tons or 623, 466,07S tons
carried one mile. The average dis
lance that one ton was hayled was
1902 miles, the average earnings per
ton mile 1928 cents.
The report, also contains the average
number of tons hauled per train mile,