Omaha daily bee., 1906-01-17
Surplus ......,..........s 1913, 2S1 Ana ,456
Gross EARNINGS Increase.

Comparing 1905 with 1904. gross earnings,
as above. Increased A.04s.o0o or 7.52 per
cent while net income available for hxed
charges and dividends Increased A,9l0.9p or
1919 per cent. The gain in net income APP
plicable to dividends was s6.lSsc@, or ~; rs
year In the amount of preferred stock out
standing, but the common stock IN the
hands of the public increased from SlOe,OOO,-
900 to 100000, because of the exchange
of convertible per cent bonds Tor Stock
On the s164,0o0.0o0 Of common share capital
the company earned In 1906 about 1lh per
cent. The common stock dividends charged
against the income of the year aggregate
Cross earnings increased in all depart
ments. In freight revenue the increase
was $3,50o,000 and in passenger revenue
$4,000. For maintenance and general ex-
penses, the outlay of 1906 were greater than
those of 1904, but transportation expenses
were somewhat less. The disbursements
creased $S45,OO0 and for maintenance and
equipment $772.000. On the other hand. the
about $4,000; it would have been 100000
but for the enhanced payments for injuries,
loss and damage. The report points with
portation expenses due to the steady i'm
p'ovement of late years in alignment,
grades and roadway, and the increase In
the. capacity of rolling stock.
Amount of Holdings.
At the close of the year the Union Pacific
owned $6s.0O0,000 capital stock of its axiliary
companies and 1886. 000, 900 capital stock Of
other companies. together with sss. 900 900
total ownership of 1856, 100000 of stocks and
bonds. OF this aggregate almost exactly
one-half remained free in the company's
Tho report details the changes in financial
position resulting from the dissolution OF
the Northern Securities combination. Within
the year the Union Pacific bought $40, 000, 900
worth OF Chicago & Alton preferred stock,
which stock lis held under agreement that
secures improved and substantial advan-
tages TO the Union Pacific company" The
Union Pacific's investment in the San
Pedro. Los. Angeles & Salt Lake property
The more significant transportation and
traffic results of the last two years are
compared hereunder:
PASSENGER DEPARTMENT.
P PssssnssF & iiss'sa s s.
Passenger train miles. S,4H,430 SEE, S64
PASSENGERS per train. 69.I1 1872
Train mile earnings, S.63 s1.4s
FREIGHT DEPARTMENT.
Revenue ton miles. ASH, @7.7n 4,o62. SO
Freight train miles,. 10.Sf0.757 10,S34. $50
Mixed train miles, +Ss Ss6,S
Unload, all fight. tons 5@.79 45l OF
Ton mile rev., Mills. Sel 97a
Train mile earnings. ss.s2 S6S
statistics for 1904 as in the report for 1905.
Since 1898 the average freight trainload
freight included. has Increased from us ton,
10 sos tons. a gain of 50 per cent. In the
same period the average loaded carload has
risen from Sb7 tons to al tons. an ad-
vance of IS. per cent The clearing house
system adopted last year for the first time
for the use of the rolling stock of the va
rfous lines produced excellent results. in.
creasing the average number of loaded cars
per train Leo, and Increasing. also, the pro-
portion of loaded freight car mileage &c
total freight car mileage 1.55 per cent.
The new construction authorized since the
close OF the fiscal year, to develop and
naFfQPt the tributary tQrritOrV ia tr
aeO miles of new railroad. estimated to cost
including equipment, about $12000,O0O. Other
important extensions are under considera.
ton. The company is preparing 20 expend
s2.0oQoo0 to construct a cut of eleven and
half miles long from Omaha west Il
Lane on the main line; the distance by the
existing route is twenty and a half miles
The cut on will have lower grades thar
the present track.