Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-08-30
D. & RI EARNINGS
FOR PAST YEAR.
Report Shows That They Aggregate
the Big Sum, SO, $50, SAB.
NEARLY MILLION INCREASE


The thirteenth annual report OF the
Denver nnd RIO Ufandc railroad COM
pany TO the stoclluo.Iau Cor tho fiscal
year ending July 80. 1870 has Just been
Issued. The report 90 President JEFF
fiery In part Is as follows:
The Income OF your company from nii
sources during the fiscal year ended
June 80. 1899. excluding Interest nc-
cruing TO the renewal fund. but In
ciudIng $40. 221ig Interest On securities.
etc. outside Of that fund was $780,
b'isi, an Increase Of {si5. 2i5s6 COM
pared with the previous year. Tho
gross receipts from the operation Of the
railroad were S9,2l0.sildl. being an In
crease Of l92da2i5s. The operating cx-
pcnses were s5.'l0.siO1, an Increase OF
fGa2. i5tgJ. Tho not earnings from
trhnlc wcro $3.50. 800 Oh, being faaA-
btO.Gj more than for the previous fiscal
year. The Increase ln gruss receipts
from traillc was lii2 per cent in OK
pcnaea 1881 per cent. ana in net oaru-
ingH d0s per cent.
After providing FOR interest on funded
debt. tuNvH, insurance aud rentals Of
leased lines. also two romi-aunual diyi-
bends u per cent each upon the pru-
forrUd stock. and contributions uf $780,
UnD 20 the renewal FUND ana ! 10000 to
the special fund established TOT meet
Ing the expenses OF converting the OUT
standing Z per cent bonds, as explained
in the last annual report. there re-
mnincd surplus OF 80, 1881, from
which N'lbNs.'s was appropriated for
the purchase Of sixteen locomotives.
leaving yal,i3s. 90 20 be carried to the
credit Of profit and loss.
current assets show an Increase OF
420l..is.G3 and current liabilities au In
crease Of fiis, a. from ti.gil gGg.gj Ia
la9, 90 &2iQO, gus.01 ln 1873. ON June 80,
1889 the decrease % t25tg6O.Ol from
June 30 1885, when the expenses Of cur
rent assets over current liabilities were
fs,loaO iV9.3s. The unpaid vouchers ~
the close u the fiscal year, payable In
the usual course OF business during the
succeeding month, amounted TO 500.
tl2,OL nnd include the extraordinary
Items OF &i0s,000 Tor new standard gungc
locomotives, tii.3jj for new steel rail.
ana Alo,l21 for part N the work of
standard gunglng between La Nota and
Alnmuau. Your company has closed an
other hHcnl year without any floating
Indebtedness.
There arr In the treasury bonds and
stocks uggrcgating az par t5Ot, $50. APP
pcnrlng ON the books at t2.lO2. 100. 20,
nowu fund cash ana securities at par
t5sl, 5000. carried on the books at tiJs.
sy0.s5. the total OF all being at par
tG626. OO5.g3.
For the fiscal year covered by this
report the revenues from freight trliiic
were aoJbl, s0i,2l against fG.1si,5l1.l for
the preceding year The passenger rev
u.isti1sGj against 1880. 1i5s4 for the
preceding year.
By referring 10 the statement II will
BE- seen TINT the gross earnings FROM
traffic was only Nd3gs.9i less than fog
the fiscal year ending June 30. 1893
which was the most prosperous In the
history OF the company. and that the
Income from all sources slightly cN-
cccded even that year, The trafiic re-
ccipta last year would also have ex-
ccedcd those of the one referred 90 but
for the closing In June % nearly nll the
Hmeltcrs IA the state. 10 " estimated
thht the June earnings ut your COM
pany would have been about $4,000
moro than they were had the Hmeltcra
continued IN operation.
Tho operating expenses were 5000, %
lii,N more than On the previous year.
% which ft11. were due iu part to
greater volume IN traffic and In part
10 the unusual severity Of tho winter.
tho same causes noccsaitntod an In
crease VA maintenance OF equipment OF
$40. lU3,W. The increase iu main
tcnnnco Of way, Si02 i600t was due 90
the use ot about Q 900 tons more new
rails than in tho preceding year and
90 expenditures on account of widening
the guagc of thlrty-four miles OF track
east of Aium0sn.
The earnings uf your company on
traiilc 60 and from the Rio Grnnde
Southern railroad during the fiscal year
were 1886. GHi9V, against S3il,5Sl75 Tor
! the year ending June 90. 1895. The gross
income uf the Rio Grnndc Southern
| from all sources was Gial 2Gi A, an IN
crease of iGl .Jls.1J, compared with tho
! previous year. The net revenue afford
rd surplus OF S2iioiOt after providing
suruncc and other charges against In