New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-22
4 P.'S GOOD YEAR
srRPLUS OF sI7.sS8, ESQ.
Company Earned About ~
Per Cent on Common Stock.

-, -sport OF the Union Pacific Railroad
- wear ended June 50. lsos. shows that
s.mpaay earned from all sources about
- cent on It's common stock, with a
-us from transportation operations ana
- cher income after the payment OF all
s..sssnss. OF 81 93S.250 Since the close OF
4. rrece6ing fiscal year the remaining
- NJ Great Northern Iron Ore Prop
-, held BY the Union Pacific have been
- snd s. sss. Sss realized from the opera
= with the exception OF 7.2ls shares OF
.-s-sssrn securities Company stubs" the
..-ranv has SOLD al the stock OF the
s-.-shsrn Securities Company. OF the Great
.,s-thsrn Railway Company and OF the
,.-rthsrn Pacific Railway Company, re-
,,rsB in the distribution Of the assets OF
- Northern Securities Company, and the
.,,ks subsequently, acquired by subscrip-
=, rights The sum realized from these
- amounted 70 slss. 81, 81 g.. against an
,-.ipal cost Of SSs. 81. ao1s a total profit Of
ysSsa
!, he last fiscal year the company sold
n rs ST PAU common stock and acquired
- shares Of Illinois Central Railroad
- making its total holdings Of that
,asn - Go shares. Since the end OF the
- year The Union Pacific has sold its
t,sings OF Atchison. Topeka & Santa Fe
,-sfsTred q which no mention is made in
- annual report, this item being included
= ths total ownership Of stocks in other
s,nsanies OF slS5.sls,0l7 Including bonds.
"a Union Pacific owns. other than its own
raoks and mortgage issues and those OF
tuEslisry companies. securities 70 the
rnount OF S29e. s74sSZ.
The income eccount shows & net gain in
ms operating revenues Of s27u. 2Ss. or
"a per cent the larger part OF the in
rsass being made IN the second half OF the
sea- year. while the gain In revenue over
rpsnses and taxes was S6,S34250, ex-
rnses decreasing IN the year ss.623.11s.
f.tal gross revenue was s7s.T5O,s 61, COM
nrsd with &S2.6S1. Ts9 in 1905, the year
Glowing the reorganization Of the property,
- great gain in earnings being accom-
EEhed on an Increase OF only 7s7 miles.
After hxed charges and rentals there was
Rbalznoe O. s2S.gs2. COZ. against sIs.sss.7es
= the year before, and after all dividends
4 surplus OF sgo72,1s7. Income from IN
regiments in other companies was SIS, sse,-
ll and total income other than from
nznsporration operations was sI7,7ss. 1898.
a. aANAE1sE q g. ~ VA GNEL 1--WE -N-l4l
It's surplus was deducted per cent divi-
tl6s on me common stock which vas N
ts6iton 70 per cent included In the sur
ms on transportation account leaving a.
Dsal surplus On other than transportation
i,eount OF SssS65. oe2. q gain OF s1.e6s.ss6.
Il The year the capital stock increased
nSlsS00. and the funded debt increased
ug676 73e. the latter betug due to the sale
q Unlo11 Pacific nefunding per cent bonds
Z the amount OF s2s.s0s.432. and Oregon
EEllroad and Navigation Company CONSOLE
.lted mortgage & per cent bonds 10 the
mount Of sI.751.0 00. from which was de-
iucte6 bonds converted. acquired or can
SLED IL the year 10 the amount OF ss.-
Fz.70e-
The report shows Z total increase in as
rs OF So. s13.IS6 in the fiscal year and an
grease IN assets in excess OF liza Utilities Of
EMs21e, assets showing an increase tu
81 OF s2-,54s, SIS and an increase in de-
md loans and time deposits Of ST, SO .0o9
unst which there was a decrease in loans
\ SGu6 q S4l.ls9 ,6s5. Net expenditures on
Eaz account were s7.22S,l54. including
4 EEN for additions and betterments.
zH general balance shows total assets
AK. sa6.S76. an increase Of Sc, 40, LIS, and a
kznce 70 credit Of profit and loss account
Z sSS.og7 rs In the year $4S, Us. SSI was
Epropriated FOR improvements, extensions,
e. OF this amount So. GS7, $50 was expend-
q and sS5.5z.51 brought over into the cur
Elt fiscal year. Operating ratio for the
Tsar was els per cent, or. including out
as operations. ISIS Der cent against 5z-23
lI cent last year, q notable reduction.
Despite the issue Of $50 000 OF refundins
binds there was only q slight Increase in
poporuor q fixed charges 70 total net IL
bee, namely, 25.67 per cent, as against
Sc per cent the preceding year
Commenting upon the income account,
3 5. LCYert, chairman Of the executive
ta1amittee, says.
The expenditures for 'betterments' Zen
pigments CT improvements Of the existing
Roadway structures, equipment or other
heilries) amounted 10 Sl.652,s17, and the
Expenditures for additions additional
Roadway, structures. equipment or other IA
alues not taking the place Of anything
previously existine) amounted 10 S5.2os,si5,
total Of s SCI 20. which was charged 70
Epital account
~Ihe effect Of ths general business de-
peEsion which set IN during the fall OF lSO4
ililaued 10 the close Of November. 1913
iaa me first half year ended December 81.
Ge closed with z decrease in the gross
Eerating revenues OF S27s,20ss against the
Ii year ended December 81, 1897. The re
slVery frcm this depression which was
tzEL evidenced IN e slight increase II the
h3eggeE fo. December, increased the gross
'ls-zlng revenues IN the second half year
easd June So 1893, s, 81, As over the. sec
&C kalf year. en0ed June -. 1893. The net
al u gross operating revenues Tor me
lssE was gZ,7l1,257 or S-5E per cent over tie
Breeding year
From the trustee OF the Union Pacific
Railroad Company's first railroad and land
gialt mortgage there was received Al the
IsaI TIE sun Of sz93g. 90. proceeds from
hs CT lands and money received on &C
aunt Of l-larest or principal OF bonds OF
he Onion Paclnc Land Company. Under
ls provisions q lhe mortgage, this sum
tes applied to the payment Tor peLleI-
A--lS. lulgIg yeHents, equipment ETC. n0t
.leiR-se pad Tor. The total sum received
ION the trustee 20 June 30. 1879, amounted
3 i-l.sl.g35
The income account Of the Union Pacliic
-4.-toal ana auxiliary companies .lor inc
ltsl ezdsl : ING 81, after excluding all On
ssling accounts between them compares
y follows
1906 1905.
c.. nssse ogsr - ogs-5S 81 IS g. - =
60 -sl az sll-e. - 1sgj, 49, efasl-~'s -
-e -seI -. e1-s-..-- 4.os-sye@ A'SAS'''o
o. ssfi.se - 49,. al efJl.5g,=-S
Glisr e@seiiset ------ ae,S4S'giy sy-t "a ~
L. s4'el e25e--srE---. A. 50 y-y 4s1+s.,-g