The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-05
REPORT OF PRESIDENT STICK.
NEY, OF GREAT WESTERN,
is SUBMITTED
SHORTAGE OF 1901 CORN
CROP CAUSES A SETBACK
First Six Months of 1902, When Cereal
Should Have Moved, See- Conse-
quent Unnatural Movement of Cat
tle-Earnings Increase z per cent,
Operating Expenses 9ss Per Gent.

PreSlQGnC SllCknSy yGSleTQdy Sup-
mitted the annual report of the Chi
cago Great Western for the past year
to the directors. 1t shows that the
gross earnings of the road for the fiscal
year have been $7,549,6SS. This is an
Increase of about per cent over last
year, or $535.S26.
The operating expenses were $5,2S4,-
600, an increase of 9.3S per cent. The
increased operating expenses in eX-
cess Of the increase in earnings is due
to the constantly raising cost of mate
rial and labor. The percentage of the
increase occasioned surprise.
President Stickney makes no men
ton of the work that is being done on
the Sioux City and Omaha extensions,
but it likely that supplementary re-
port was made containing information
regarding these two very important
extensions.
To show the erratic movement of
freight Mr.. Stickney divided the earn
ings in this department into two pc
RODS of six months each. The freight
earnings this year increased $237,036.
or about 4.46 per cent, and the passen-
ger earnings increased $227,77S, or
more than Is per cent over the last ifs
cal year.
Corn Shortage Responsible.
During the first six months of the
year the average rate per ton infreight
business was $1.95 per mile, and dur
Ing the second six months it was $2.04.
During the last two years the ton
mage for any one month was heaviest
in October, 1901, when it reached co.
$4,000 tons. The smallest was in
June, 1902, when it was 41,S64,000 tons.
Regarding the freight business Mr..
Stickney says in in his report:
"These extraordinary fluctuations in
the tonnage, which are by no means
conducive to economical operation, re-
fleet the indirect and direct influence of
the shortage in the corn crop of 1901.
Its indirect influence forced an abnor-
NAL marketing of live stock in the first
six months, which increased the ton
mage and left shortage of live stock
to be shipped in the next six, months.
The direct influence was, very little
corn to be shipped during corn ship
ping months, which are always the six
months following December, because it
requires dry, frosty weather to cure it
SO as to make corn fit for transporta-
ton"
Passenger Business Increases.
In regard to the passenger business
of the road the report says:
1.-The gross earnings from passengers
were 1873 1893, an increase of 1921, 259.
The average earnings per passenger
train mile were 1915 cents, an increase
of 5.45 per cent. The average rate per
passenger per mile was EOS cents, an
increase of .04 of a cent, or 2 per cent.
The average distance each passenger
was carried was 44.15 miles, a decrease
of .16.
During the year the company has
commenced the construction of 81
miles of second track on the main line
between Oelwein and Chicago, to be
completed in 1903, and costing about
$1,500,000. The company has added to
Its motive power "a locomotives, cost
ing $4,000 each, and has under con-
tract to be delivered in 1902-93 Sc other
additional locomotives, costing the
same amount each. During the year
the company has expended for land and
to increase terminal facilities, 1922, $50.
'The Indebtedness of the company on
June 80, 1902, was $1,966,999, de-
crease of $S17,SS4. The company has
no bonded debt.
at is shown in the statistics that the
gross earnings per mile were $S,12222,
and in 1901, $7,545.96. The operating
expenses per mile in 1902 were $5,6S5.46,
and in 1901, $5,197.92. The ratio of ex-
penses to earnings in 1902 was $500
per cent, as compared with 68.SS for
1901"
At the annual meeting in Chicago
yesterday the following retiring direc-
tors were reelected:
Ansel Oppenheim, st. Paul; H. G.
Fletcher, Minneapolis; T. H. Wheeler,
New York.