The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-09
THREE ROADS ISSUE
YEARLY STATEMENTS
Net Earnings of the Omaha
Show a Decrease of $271,.
969.57.

The annual reports of the Chicago,
St. Paul, Minneapolis & Omaha and
the Duluth, Messabe & Northern rail-
roads were filed yesterday with the
state railroad and warehouse commits
sion. The Wisconsin Centrars yearly
financial statement was also made pub
lie, pamphlet copies being distributed.
Although the Duluth, Messabe &,
Northern declared no dividend for the
year ending June 80, it enjoyed most
prosperous year, The gross earnings
amounted TO $5,116, 530.O1, a gain of
$1,361, 1880 over the gross earnings for
1902. The operating expenses for the
year showed gain of less than $780,
000 amounting to $1,901, 2S4.33, an in
crease of $424,659.09 over the operating
expenses of the previous year.
The net income account increased
1907, 371.56 In 1902 it amounted to
$1,4S9,2S3. A, while for the year just
closed it totaled $2,396,655. In spite of
this large net income, it was decided to
declare no dividend, but to allow the
surplus to accumulate. Last year a
dividend of Is per cent was paid, which
amounted to $1,507,500
Only 1853 miles of trackage is owned
by the Duluth, Messabe & Northern
line.
omaha's Report.
The gross earnings of the Chicago,
st. Paul, Minneapolis & Omaha
amounted to $12,111, 314.54, an increase
of $322,2G9.32 over the gross earnings
for 1902. The operating expenses were
$7,6O5, S63.S2, an increase of $526,864.91
The net earnings were only $2,S15,-
222.11, a decrease of $271, 96957 from
the net earnings of 1902 which
amounted to $3087 1853.
A dividend of Z per cent was paid on
the preferred stock and of per cent
on the common, while last year 8 per
cent was paid on the common and z
per cent on the preferred. The divi-
dends paid this year amounted to
$1,901,576.
The amount of the passenger busi-
ness originating and terminating in
Minnesota was 1914 1892, and the
freight was $1,41S,519.S0.
centraPs Good Showing.
With no increase in mileage the Wis
consin Central reports gain of 500. 1893
In the gross earnings for the twelve
months ending June 30, in the annual
statement which will be presented at fine
stockholders meeting Tuesday The re-
port. which was issued yesterday, shows
an increase in the net earnings of S2S7-
IIS, of which only SS5,57 is shown in the
final surplus, after $63S,501 has been de-
Quoted from the income for improve
ments: Last year only $124,000 was de-
Quoted for such work.
In reviewing the operations of the ifs
cal year 1903, President Whicomb makes
the following statement:
THE commodities carried during the
year. compared with the previous year.
show increases of 161 1907 tons in prod
ucts of forests. 9,423 tons in manufac-
lures, and 1904 tons in other commod-
tiles, while the products of animals and
mines show decrease of e,179 and II, 179
tons respectively.
1.-The increased cost of labor and coal
is responsible for a large part of the in
crease in expense, and the improvement
work projected has been restricted by
the scarcity of labor. Among the i'm
portant improvement works undertaken
during the year was the rebuilding of
stroyed by fire in November, 1902. The
new dock is much larger than the old
one, the increase in storage capacity be-
ing about 900 tons.
The road carried 1,122, 900 passengers
during the year, as against 1,059,910 the
DreViOuS wear