The evening times., 1898-11-19
Road Operations Explained to
Stockholders.
BIG GAINS In REVENUE
Details of Affairs i'm the Various
Departments.
Income Account shows Increases
From Freight. Passenger and
Miscellaneous Business.

Baltimore Nov I9-l'he seyenty-second
annual report Of the president and di-
rectors Of the Baltimore and Ohio Rail-
road for the year ending June 30, 1898.
was approved by the board yesterday and
ordered submitted to the stockholders at
their regular annual meeting on Monday,
November p. The property Of the COM
pany has been operated by the receivers
during the enhre fiscal year, but, as eN-
plained in the last annual report, the
board deems Il proper 10 continue the reg
ular annual statements of the company.
The report contains some very valuable
information for the student Of railroad
statistics Elaborate tables are printed,
showing every detail of the operating,
traffic ana financial departments Of the
company. 1t is said to be the most com
prehensive report ever issued by the Bal
timore and Ohio Railroad.
The income account shows receipts from
freight Of $4,000 2l5.22. an increase OF 81
653 363.35; from passengers, $5,247, ,l5s.M. an
increase Of S1SS, ,157.O9; from mail, $67,6l5.64,
an Increase OF S22.3lS.s3; from express,
scr. .33l. .f2, an increase OF Se.G299O and from
miscellaneous sources. such a. mileage,
elevators. car service. excess baggage,
milk. etc. 81 Jos. .43S. SO. an increase Of S257,-
1923 The gross income, therefore. was
81 20. .7S-. Sc. an increase Of S2,14O, ,G55.55.
The expenditures include general eX-
penses. Sl.g6>. .336 50, an increase Of SD
1903; conducting transportation, sll.-
los 10 II. an increase Of S7u5. .42NU U9; main
tenance of equipment, $3.50 $50, a de
crease of S2I7. .054.34: maintenance Of way
tlssH ass 9
t29e 5l6.7 IS. The total expenses were S2o.-
276Cgl.Si. an increase Of S26S.g .5S.
The Earnings.
The nol earnings from the operations of
the property were SAG e96.52, an increase
OF 81 SO G6S.o2. income from other sources.
Slg7. ~ SO, decrease Of S23 23s03. De
ductng net earnings Of the Washington
Branch Sl27. 4G5.& there is left the avail
able income amounting TO s.. .SS6 l6S an in
crease of Sl.7I2.777.S5 From the avail able
income Is deducted interest ON bonded
Indebtedness. rentals. taxes ana other
charges amounting to $N.l46, ,23.il, leaving
n balance of $3.50 plo against a deficit
i'm 1881 Of 81 IL, PIP. an increase over last
year OF Sl.367l6l-7l.
An important and instructive comPaTi-
son is the percentage of increase or dc
crease OF earnings and expenses Of 1898
as compared with $50. The increase in
gross earnings were So per cent, in
operating expenses. l.a2 per cent: in net
earnings. 53tS Per cent. in earnings from
freight %.o1 per cent. in earnings from
passengers. 5.12 per cent in earnings from
nai. 2Hg per cent, i'm earnings from eX-
press, " Ter cent. from miscellaneous
sources. go - per cent. The ratio Of CN-
penseS To earnings in 1877 were 1913 per
cent. while IN ISgS they were 73I4 per
cent showing The very appreciable de-
crease Of SOC per cent, aScribed to pnysi-
cal changes in X. new and powerful
locomotives and new and larger cars.
ncrsa.e ~ Freight Ru>inc>s.
The company carried in 1895 y gSG 220
tons of freight. an increase Of $2Gs, ,565 or
l7.47 per cent. The tons carried one mile
were .362 2il.O O46, an increase Of 24.67 per
cent. The average distance one ton was
carried was 1881 miles, an increase Of
Gl3 per cent The average earnings per
ton, based on exclusive freight revenue,
were ninetY-Oue cents. a decrease Of seven
cents. The average earnings per ton per
mile were ass cents, d decrease Of .U66
cents. The freight train mileage was
l42l9.IS2 decrease Of 1888 miles. The
average earnings per freight train mile
were SL4o6. an increase Of seventeen and
two-teuth cents or 1894 per cent.
A record Of the soft coal tonnage for
the six months from January J. 1888
shows 3.66o.55s tons or 623 466.07S tons car
ried one mile. The average distance that
one ton was hauled was l70.32 miles. The
average earnings iifty-five cents per ton
and the average earnings per ton mile
323 cents.
The report, also, contains the average
number OF tons hauled per train mile.
switching excluded, as follows: Phila-
delphia division, 2S0 main stem 366:
main stem, including branches. 35I;
Pittsburg division and branches, 3S4;
Trans-ohio division, $50; average for sys-
lem, &l4
The Passenger Traffic
The passengers carried were S,569. .546.
an increase Of 225. 46S or - per cent; pas
sengers carried one mile, SO7. .322 $50. an in
crease of Gil per cent; average distance
carried 1886 miles, an increase of 3.31 per
cent; average earnings per passenger
based on exclusive passenger revenue, 81
cents per mile; per passenger per mile,
1.707 cents. a decrease of .04 cent; pas
senger train mileage, S093, ,l43 a decrease
OF 27.IIz miles; average earnings per pas
senger train mile based on exclusive pas
senger revenue, 6i.S cents an increase OF
25 cents: average earnings per passenger
lfaln mile, lNCluulnR Unall. express. etc,
S5.5 cents, an increase Of 80 cents.
The gross earnings per mile of road
were Sl3,Sl993 an increase Of s., G713 or
So, per cent; the gross expenses per mile
Of road were N0l0772, an increase of
Sl3l 60, or l.22 per cent. The net earnings
per mile of road were SS, ,7l2. u. an Increase
OF SgS5.53 or 33.69 per cent.
The general managers report shows that
east OF the Ohio River 27S77 tons of 10
pound steel rail and 1908 tons of trans
ferred steel rail were laid and 122 6i6
cross ties placed in track; 5.33 miles Of
second, third, and fourth tracks and 81 ii
miles Of sidings built; 55S.2i miles of road
ballasted. 5,l2i cubic yards Of masonry
built; q bridges and culverts erected; 562
bridges and culverts repaired and
strengthened; "a, 09l feet of fencing built;
lll.365 square feet of platform built and
renewed, and large number of improve
ments made TO structures etc, on the line.
Many improvements.
West Of the Ohio River ,lSS tons of new
and 1901 tons of transferred steel were
laid; 1922 cross ties placed in track; s.62
miles Of siding laid; 1855 miles of road
ballasted; 2S15 cubic yards of masonry
built; bridges and cuverts erected: 49
strengthened and repaired; 675977 feet of
fencing built; 275 feet OF trestle filled: new
stations at Bellaire, Bethesda, wawasse,
Wooster, and new coal-loading plant al
Sandusky.
There We're in service June 30 1898.
electric motors 904 locomotives of which
81 were prchased during the year, "A old
engines being retired; G locomotives were
rebuilt. and $40 received repairs The to-
tai freight cars in service were 81 ,9se, OF