New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-06
Shows Surplus Equivalent to Over II Per
Cent on Stock.

The annual report of the Union Pacific Railroad
Company for the fiscal year ended June 80. de~
tailed figures of which received yesterday,
shows a large gain in gross earnings as compared
with the preceding year, a large increase In net
earnings and big surplus after all charges, diVi-
dends and deductions for betterments and improve
ments. Surplus after charges amounted to S22lSo,-
5O7 an increase, as compared with the year before
of S. 49, 615 which equivalent to over II per cent
on the common stock after the deduction of the
regular 4 per cent the preferred There was
decrease in the year of more than 100000 III liked
charges due to the conversion of bonds into stock
while there was an increase in dividends on the
common stock from S4350S36 to s71O4.250 Despite
the increase in dividend payments the balance
after the common dividend amounted to $n,69S,gl,
compared with S. $4,000 in the preceding year Ac-
cording to the report the free assets in the shape
of unpledged stocks and bonds in the companys
treasury were $178 56154 par value an increase OF
So 49, al. These figures apparently were reached
after deducting from the total Of stocks of COM
panies account of the difference between the
mar value of the Northern Securities stock owned
in 1904 and the Great Northern and Northern Pa
cifc stock held in 1906 Included in it are $685.
sos Great Northern, $22O 269 Northern Pacific and
So $4,000 Northern Securities at par. The real
value shows: -
5s9 s2 29 shares G at 252 9 S4S 87S$So
1 2 S9e s3are5 \ ; It az ao3 50aSS SIC
Total par $51s23 1oW Sis, 100000
''N4iA
amount to about $64O0O,00O in these three items
alone.
The values are taken on current quotations.
Northern Securities stock being put at approx
mate equality with Northern Pacific at the rate
of exchange. $115 for 500 of Northern Pacific The
Great ~Serthern rights off since June 30
The dividends xhich accrued from February |,
So+be e n Ra%ay COMPANY 0 and Of the Northern
Pace RaWay f0pa9y be ~P NortheFn securities
Gom gTeS Amounted to s426oi6o 5S The
mounted a9 to 36N III was credited to the income
account the proportion acfrgng to ae 5 ma
Detailed figures of the report follow:
aS 1872 isSt 5si
other than 9 s
1. e coi Q h & 29e.l24 s114o7 Dec 1928
s. l. and O r &
Nor Sc Sec l1 sa dVs 52es 24so59O 2Ss s 3
B BsI ih oans. etc gSS5 14e407 SSS
expenses: 5s sssss5i inc fszs So
Net earnings $50 451. OO8 $8o51a4e Inc.s4.9s15ss
Takes ',afses $14s2o12 s47osse s2117e
H Outstanding is 1oeao 12as7s55 Dec 1917 1o
S Einaihs taea 1865 5sSoS 12o2es
Total fixed charges$12 354 89Oo4a1 Decs125eo77
: s9sS53 sl6e9s SO SO Bss so5
& .sss nos Us sisSs ss sSs Inc Il
& .5 tar ] So S2 90 SO Inc
Surplus .s11 ,egs,447 ss268. 45s Inc. So 9al
Appropriations
fund o. r. r. mn
& " Co......-... S5O.Oeo DEC. SOVVVo
year . aus s. 47a,165 100000 Inc. e7e1s0
Res equipment oo,
branch line betmts 100000 100000 Inc ooVVVV
better 20, no,
unents. etc.,. 5oo,UoO Les, 0'oOV"
Total . .47a1e5 $3.50 900 Inc. se2s 1e5
zs., .,.r,,. - o1o 9s9 "a ia 4s8 Inc So sos s2s
1oreti r1iI,s 7239I2 y 292 e.431 6S6
Profit s34 94s194 s26o eS2 lnc.$s'so''iA
sIncludes diyidends OF the Oregon
F2aroa5 and Navfgation Company of public OF
s454 ia 1905 S544 in 1904 flour per cent