The daily morning journal and courier., 1907-08-24
EARNINGS LARGEST
 IN R0AD'S HISTORY Report Soon to be Issued Will Show Gross Receipts of
 $55, 600, 900.
DECREASE IN SURPLUS
Corporation Has Had Much to Contend With During the
 Past Year.

The report of the New York, New Haven and Hartford railroad for the 1907 fiscal year will, when issued, be the best in point of gross earnings in the history of the company, They will amount to about $55,700,OO0, which vii be an increase over the 1908 year of more than $2,7OO,OO0. The sur plus applicable to dividends, however, will show a decrease.
 The operating expenses of the year absorbed about 6S per cent. of gross. This may be accounted for largely by the severe operating conditions exper- fenced throughout the winter months. Expenses for the third quarter of the year were equal to 75 per cent. of the gross earnings for that period, figure that is rarely touched by this road.
 In common with all other roads of the country the New Haven has had much to contend with in the late year in the way of increase cost of mater ials and labor. The wage account of the New Haven at the present time foots up about $2,50O,00O more than 1t did year ago, or an average increase for the year of $50,000 a week. Of course a part of this increase repre- sents additions to the number of en- ployes, made necessary by the increas- cd traffic
 The New Haven also found difficulty during the winter months in getting a sufficient number of freight cars to move its traffic freely. This situation was made Goubly worse by the laws of Connecticut. which allows a consignee or shipper four days in which to un- load or load his car of freight, privi- lege that is only enjoyed by New Eng land states. Traffic as a result became congested, particularly at terminal points, and the New Haven finally had to refuse to receive freight from con meeting lines. As a direct result of these laws demurrage charges were doubled and if the New Haven is un- able to reduce the average number of foreign cars held upon it's lines, these per diem charges will approximate $3,00000 annually.
 After the usual liberal appropriations for extraordinary maintenance, repairs, renewals, etc., the New Haven the last fiscal year earned a surplus applicable to dividends of about $95OO,000, which i is a decrease from the 1906 surplus at 6 per cent. The income account should work out in comparison with the 1906 year approximately as follows:
 Per cent
 5 1906-07 19O5-O6 inc Gross ......s55, 1000 900 $52,sS4.222 5.1 Expenses ., '31S76oOo 35,222,5S6 7,5 P. c. of gross 6S 66.4 | Net ...... 17S24 900 17761,735
 Other income S,S6O,OO0 2,175,757 54.4 Ttl income 21,1S4,ooO 19,a87498 s.S Chgs ....m" 11,6O0,oOO 9,72115 1S.9
 ---------------------- Balance ... s5S4,OoO 1O,1S5,S77 s6G Pc. on stock 9.4 ""12.2 "25. Dividends :, 7,2SO,0OOO 6,467O92 12.E
 Surplus ...$ 2SO4,oO0 $8,71S2s5 a61.s
 F"On $SS,357,1oO capital stock
 Decrease.
 These figures do not represent tht real earnings of the New Haven by any means. The road has many valu able concealed equities in its trolley lines and steamship companies, while the appropriations charged in the op. eratlng account are very heavy. The New Haven in conjunction with its subsidiary companies ranks as one O. the greatest transportation systems ir the country with gross earnings O. nearly $100,OO000O.