The daily morning journal and courier., 1902-09-24
CONSOLIDATED ROAD
GROSS EARNINGS LARGEST IN
 ROADS HISTORY

During the Past Fiscal Year--GeneraI
 Statement of Roads Earnings and Ex-
 penses-InterestIng Facts and Figures.
 The general statement of the affairs of the New York, New Haven and Hart ford Railroad company for the year ending June 30 last was issued yester- day afternoon. It shows that the earn ings from the passenger department for twelve months from July 1, 1901, to June 30, 1902, inclusive, were S21, ,22S, ,630; from freight department, $21,S71, ,642; rents, $374,11S; telegraph, $51,695. Total gross earnings from operation $4s,521 ,OS7; op- erating expenses were $31, ,27S,S73; leav- ing income from operation, SIP, ,247 ,21S.
 The road received other income as fol- lows: From dividends on stocks owned. $S1, SAP; interest on bonds owned, $79, ,523; dividend on stocks leased, $354, ,666; mis- cellaneous income, $S7,227. Total, s613,- 06O, making the total income, $12,S6O,27
 The total deductions from income such as taxes, interest on funded debt and on it's .convertib'es and n6n-c convert able debentures and rentals of leased lines, etc, amounted to $S, ,181 ,414 leav- ing balance applicable to dividends of S467S.85S.
 The dividends paid amounted to $4,- 296,56S. leaving a surplus for twelve months of $3S2, ,290
 The earnings of the steamboat lines are not included in the foregoing figures except that the dividends received from these lines are included in the item Income from other sources"
 As compared with the preceding year: Passenger department earnings increased ................... .Sl,3fO,o3it9 Freight department earnings increased .................2 2,G0s, 941 Il
 increased .................. 11,296 24 Making the total increase in
 earnings ........,........... $3, ,3ss, 775 "A Operating expenses increased. 3225, ,394 Il Lowing an increase in income
 from operation of ......... S163, ,3S1 O3 There has been charged to operating expenses during the year for better ments and new equipment, to meet gen. eral depreciation. the sum of 8, 403. .708. .09 being ar increase of $977, ,S9S. B over the previous year.
 There has been a reduction in the { 'cost of road and appurtenances" of $132, 2,645. .49, due to the sale of real estate 1 or to transfers thereof to improv ements for which the company will be reim- bursed.
 Among the items charged to operating expenses are improvements at Bridge port, car shops at Readville, machinery, etc, at power station, Berlin, Conn.,, elimination of grade crossings at Mat japan, East Longmeadow and Great Harrington; additions to Wilkesbarre | Pier icing plant at Poquonnock, engine 1 house, Hyannis, and numerous iron | bridges to replace wooden bridges; con- | tinuation of stone ballasting on Shore l Line division; also the cost of twenty , locomotives, 750 steel frame box cars, 100 coal cars. two car fioats and partial payments on forty-two passenger cars, 250 steel frame box cars, 300 coal cars and 100 flat cars, besides miscellaneous additional electric and other equipment, and improvements for the comfort and safety of the travelling public. The total gross earnings of the i rail and boat lines combi\1
 for the year ending June 3\. 1902, were ......... .b47 ,S74, ,902. 40 I For the year ending June 30, 190l ; ......s.............. 44,290, ,54l.ll An increase of ............... $3, 579, ,361 .34
 The gross earnings, as shown above, are the largest in the history of the company.
 The report further speaks of the many Improvements made during the year or now in progress, such as the double
 tracking of the Naugatuck road be- tween Naugatuck Junction and Water
 bury; the building of new line from
 North Attleboro to Adamsdale (31a miles), the making of a connection at West Cheshire by means of which is furnished a direct route and frequent
 service between New Haven and Wa
 terbury; the Bridgeport Improvements
 now we'll advanced; new shops at New
 port, R. l.. elimination of ten public l four private crossings at Fall River,
 Mass; the beginning of the erection of
 a new passenger station at Danbury
 work on the South Boston passenger
 yard, the purchase of twenty acres in
 Boston for increase freight facilities, | al fn