The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-20

Year IL 299 ia 40 LII, S87 40 121, 287. 90
According to this, the increase in earn
irgs in June is nearly q per cent over
these Of last year. Conventions and the
presence Of a large number Of visitors IS
responsible for the greater part of this
increase, but the increase for the year
is about 10 per cent.
For the first five months in 1901 to
June l, the gross receipts were 81, 178, 81,
the largest in the history of the COM
pany for a period of five months. If they
increase at the same rate the earnings
for the year will amount to over $1,000,
coo. The earnings for the first five
months of this year exceed those Of
last year by nearly 10 per cent, and those
of the year before by % per cent. They
are Al per cent greater than those, of
similar period in 1898.
The net earnings, or the gross receipts
less operating expenses, for the first five
months OF 1901 Were $614, 593, as compared
with $54S,434 in 1850, $491 ,022 in 1899, $4l4,-
139 in 1888, and 1881, 981 in 1897. The in
crease for this year to date over last is
u per cent, over 1899 is % per cent, over
1898 is nearly 30 per cent, and over 1897
nearly 70 per cent.
Surplus applicable to dividends, which
is net earnings less interest and taxes,
is $3.50, 1888 for the first five months of this
period last year, $152,868 in 1899, SIS, 12O in
1898 and $50 233 in 1897. That is to say,
this years surplus to date, which repre-
sents the dividend resources of the COM
pany, is 50 per cent larger than last year,
&C per cent ahead of two years ago, 1873
per cent over 1898 and eight times that or
1887.
In point of earnings the Twin City
company now stands tenth in the list of
Of
The interest which the stock exchanges
of New York, Toronto and Montreal are
taking in the stock of the Twin City Is
explainable, when the rapid increase Of
the surplus applicable to dividends is
considered.
Last years surplus applicable to divi-
dends was 23 per cent larger than that
of 1899, SO per cent larger than that Of
1888, and 15S per cent larger than that
of 1897
The sum of $1,2OOCOO, which on the
basis Of the first five months is likely
to be the surplus applicable to 1901 divi-
dends exceeds the 1900 fund by 81 per
cent, the '99 surplus by 81 per cent, the
rs surplus by 40 per cent and the 81
surplus by over 2C0 per cent.
The Twin Cities are said to possess to-
day the greatest urban track mileage
and car capacity in proportion to popu-
lation Of any city in the United States.
The track mileage of the Twin City
Rapid Transit company is 25O miles in
the new heavy welded joint track and
% miles laid in a concrete base. The lat
ter is for the lines with heavy traffic.
The rolling stock equipment includes a
total of about 1000 cars, of which about
600 are motors. There are 225
OF the large cars, including G.
of last seasons new forty-four-
foot motors; and there are 81 new
MISREPRESENTATION motors in course of
construction. The entire system is run
by waterpOwer from the new power
house at st. Anthony Falls, which fur
nshes 10000 horse power.
Construction for 1901 includes about
$200,OGO in track Improvements and $780,
600 in new equipment. The Washburn
Park and Bryant avenue lines in Mime
apois and the interurban in st. Paul are
among the lines which are securing new
track. The 255 miles of track include 127
miles in Minneapolis, 104 in st. Paul and
"A miles of suburban track from St. Paul
via White Bear to Saltwater
The company carried last year sc, 284 90
passengers. The number the year before
was 49,563,OO0. This year over $1,000 600
will probably be carried and miles
Travelled by the company's motors bid
fair to exceed L, O00, 600