New-York tribune., 1905-02-28
GENERAL REMARKS.

@ The tonnage shows substantial decrease both n T9 &
Gres Of 1aa b IS G " '' he me ton reass over
sane % I- @ e 3he gro;s rate per ton h per rsSn i9
expenses there slight gan in the net saFnlRss per
Sumner upon your facilities equipment but the sx
the heavy expenditures made for increased facilities during
the past two were more than justified the con-
Of the PORT Perry Branch and the construction CT It's
eether with the extensive ADDITIONS yards
ley Railways and the improvements upon your western
bnes & IN & and adjacent T. Aeseny Sity ana M sqs @ ovs
rnen{ IN the Pittsburgh District and 70 great extes
therein asha's the congestion that has heretofore
large outlay made the PetsTssu2ss 2 Branch .
& Sg &dSssIoPed 50 as 70 fully aeeo1n9d1se II 1s & sSa. @ @
vice although its track Is not fully ans
your tcnnage The four trakg OF tae Northern Central
Nc sbe Ba TeH oSnse esboana % rom the Fair.v
yard passes, has been Completed and the line between
eck bridge over susQueh River sh2eSs
win be used until new freight Inc under eons5Tae-
pendtures have been made FetWeen Columbia ana At
sen. where this road strikes the Vain Line and De-
och and the work win De pushed vigorously curing the
o;heE Important items Q: c22Fsgeton Upon TIE
On tL e p11z5 qIng % i5;on he extension Of the four
[e @ * ysteT 6efeen l l150G zT s @ viaci and Liz
ara Portage the revision line Derry ana
Be nd tunnel at GaHtsin On TIE Western PENNSYLVANIA
Junction and Bairsve running facilities increased
a. other BSnts Al Ato2Sa [2e qe vas made On te
lew repair shops at Blair Furnace: -....,,.., - 49,.
Txeen tae w1 end Of NeWport and point mile
On the Philadelpnta Division substantial progss was
made in the elevation Of tracks between Hghsptre
ana Harrisburg 70 ayoid damage from eoo9s the & n2e
@ roveIs S made in the freight yard a. PhIla-
5aDba hs neyy elevated feiEht road through
tion. connecting he Main Lne and t5e @ eT fpz
Baltimore and Washington Railroad, in tuIl service
Ta RsF not 6ts 6Blsssd 52l6 9s R Until The snd Of he
Nea york DIVISION ana the Main Line which required
sso s1 ssGson SDs5s5 for ot tr Roo on NoqeST 9 NIB s
5s i5 sssl49gH5 on . I'll? s T5:so 70 s & 8 5 S
On the United Railroads Of New jersey Dvlsios. the
wick completed and q further large exPensiture
in the Improvement Of the New York Bay branches and
~ trains above the tracks connecting WITH the
Wesyerfy vsrd work was con nleneed upon the
pair shops east Trenton and round house and
yara facilities improved al Camden, .,-,.,. ..
the new freight terminal at Greenvils in dredgins the
tion Of tr9nsfs5 ans e56gsi ps % t e1 nee .xeasnssd WITH
the New YORK New Haven and Hartford Railroad, and
Of that -esned 70 New York AaIeSE points. Ths ma
cavaIion made coansctiOn with Terminal Station
win that Of the t5Pa5ssat ;5s iHRsovsHeats out
lined in the annual Report Tor l2 az neessssry % en-
matsriaI portion has been SUBSTANTIALLY completed.
Extensive additions were also made 70 your passenger
and postal s9uPgsnto os snd to the tools sHd i % s
OF
COST OF ROAD:
Beng sKpeadturs struction OF Brilliant Braa
trrg Branch, freight line from Yo.k haven
Philadelphia Fatrview aud ttcliicag gSourS
Main Line. Gallitzn tunnel, reduction ef grades
EQUIPMENT:
Passenger Postal Car Trust and other equipment
REAL ESTATE. -''-'
Total charges Capital Account for 1900 1870
The increase the CAPITAL STOCK during the year
Amount issued shareholders who bad paid per
mon paymeut @ remaining tnstalrnenJ June 2'tr
ISSUED for fractional scrip resulting from stock ao
Issued in exchange FOR Convertible Bonds OF Nofern