The Washington herald., 1906-10-26
B. & O. MAKES GOOD SHOWING
Annual Report Tells of Heavy In
crease i'm Earnings

Baltimore, Oct. 25.-In the eighteenth
annual report Of the Baltimore and Ohio
Railroad Company, sent to the stockhold-
ers to-day. the most significant feature is
the enormous increase of freight earnings
for the fiscal year ended June 90, sUrpass-
ing all records.
The total gross earnings for the year
were So. JOS. 3. an increase Of $685.
27312 over the preceding fiscal year. OF
this increase, So 5,I15.Ss was due to
freight traffic alone. At the same time
the passenger earnings fell OF Sl15,443. III
This is the only source Of revenue that
showed a decrease during the year. The
increase Of gross earnings over 1894 is Sl3.-
lis, 4fA79. The expenses were 3,34I 9l9. IS
and the net earnings S29 166. 1885. This in
cludes the operation Of all controlled or
affiliated lines. The Baltimore and Ohio
Railroad. including the Baltimore and
Ohio Southwestern and the controlled or
affiliated lines. has total of 44s5-71 miles.
The net earnings OF The Baltimore and
Ohio Railroad, exclusive OF controlled
lines. increased S4.S17.4H.Jj, the total for
the year being z7.SS3. $50
The general income account Of the COM
pany shows the net income. after the pay
ment OF interest on the funded debt
taxes, and all other fixed charges, TO have
been SIS, 064, %. =. an increase over 1895 of
81 SO. 363.g7. Against this net income there
were charged dividends Of 4 per cent on
the preferred and per cent on the com
mon stock. S6.l37 401 So (the dividend of
, IL per cent on the common stock paid
March /. 1906. having been charged against
tho surplus as Of June 80. 1863 and $, 3d.
600 Tor extraordinary construction eXpen-
ditures in the way OF additions and i'm
/ proyements made during the year. leaving
a surplus for the year of $. 926. SS1.S2 to be
/ carried to the credit of profit and loss ac-
count This account as Of June 80. 1905
was S9,i35,2 S7.41. Against It had been
charged during the year the 2i-2 per cent
/ dividend on the common stock. S3114.07650
/ paid March l. 1901. and added by reason
/ OF SuHdry adjustments $S75.554-2 y. making
I the total credit OF profit and loss June %
+ 1896 S15.S25 $3.50.
! All previous records were broken in the
T number of tons of freight carried over the
road during the year which aggregated
55,S5.199. being an increase OF SOS. 919 tons
/ over 1870. which had the record up to that
\ time. and II So 40 tons over 1904 The
/ average earnings per ton per mile was
/ 800 as against SO for the preceding year.
I OF the total tonnage. SS-U per cent was
soft coal, of which 22.0061Sl tons were
I carried over the road. This was az in
/ crease Of ], $50, 667 tons, in comparison with
I the figures of 1895. There We're 1854 sos tons
Of coke carried. being an increase OF
/ I,7l5,3u tons; 81, ~ tons of anthracite
! coal. a decrease of 15s, $50 tons, and 2.136s-
+ ST. tons of ores. an increase of 402 216 tons.
/ These products of the mines furnished
/ St. r. per cent of the total freight tonnage
handled by the road.
In the earnings from passenger traffic
there was a decrease of Sis. AS. Il. though
an increase of 626. 934 in the number Of
passengers carried, the total number for
the year being 161l5,906 The average
distance each passenger WAS carried
shows q decrease of S.16 miles, indicating
that the heavy travel to the St Louis
/ Exposition in the late summer and au-
tumn of 1904, with its longer haul, WAS
not overcome in the way of earnings by
the increased number Of passengers car
ried shorter distances in the current
year.
The net earnings Of the Washington
Branch were S375 S9410, showing a de-
/ crease of SIS, 6g5. IS in comparison with the
preceding year.
on the subject Of the new Washington
/ Union Station, the report says:
"The Washington terminal construction
is still under way. and steady progress
has been made. The expenditures of the
Washington Terminal Company To June
30. 1895. aggregate g, S64.94S.13. Continuous
progress has been made on the Union
Station and its approaches. All founda-
ton work in the station building has
been completed. About 80 per cent of the
steel work has been erected and about
the same percentage of granite has been
set The other work has been carried on
as ranidiy as the steel and masonry work
would permit. Il is expected the use of
the terminal Will commence during the
next fiscal year.