Norwich bulletin., 1910-10-03
ABSTRACT OF ANIMAL
REPORT or NEW HAVEN ROAD
For Fiscal Year Ending June 80, 1910
Total Income $28,320,969.

nual report of the New York, New
Haven and Hartford Railroad company
for the fiscal year ending June 80, 1910,
shows, excluding cents, $60,693, 667s
gross operating expenses, as COM
pared with s54,347, $50 the previous
year. Total operating expenses We're
$3Ss6S9,215, as compared with $36,0SO,
sos the previous year, and the net OPP
Grating revenue $22,004,45 as COM
pared with $18, 267,324 the previous
year Including the total income from
other sources, the total income was
$2S, 800, 1853, as compared with $24,273.-
sos. The total deductions from income
for the last fiscal year were SIT. 524,095
and the net income over all available
for dividends SO, 1876 S74. Dividends
paid We're $9.759,0S1. and thu surplus
over dividends S1,037,793S as compared
with a deficit the previous year of
$453,613. The revenue from freight
was S30,110,5SS, from passengers sS24,-
SS5,S64, and the operating expenses and
taxes We're 1890 per cent. Of the total
operating revenue as compared with
1918 per cent. the previous year, taxes
having increased from $3,446.125 to 49,
983,377 for the last fiscal year. Tine
total operating revenue of the year was
the largest in the history of the COM
pany, exceeding that of 1909 by II 2-3
per cent. In the taxes the new federal
corporation tax amounted to $132,370.
III Tire I6Altidi VI the LCpOaA al g
detailed many improvements, includ-
ing the double track between Hawley-
vile and Shelton now under way com
p1etion of the New Haven cut and
trolley viaduct; the Waterbury Tim-
provements: rs per cent. of double
track completed between Waterbury
and Bristol, and rs per cent. of the
Terryvi1le tunnel progress in elinlinat-
ing grade crossings at Worcester, of
which so ger cent. is complete; re-
IL xfr,-~e (tAt1
nacticut and two in Massachusetts;
completion of the survey for the cleo
trification of the main line between
Stamford and New Haven and electric
betternents between Providence, Fall
River and Bristol new equipment to
the value of $2,269697 has been pur-
chased during the year.
Full details are given of the recent
advances in wages. which amount to
1852, 900 in the maintenance depart
ment $5S,500 for general office clerks
and $1,536, 106 in the operating depart
ment a total in all departments of ST.
T57,30 Offsets from the advances of
rates for the year amount in the pas
sen8er department to $1,05S.753. from
which, deducting 100000 for shrinkage
due to use of increased use of mileage
tickets, the total passenger offset be-
comes $S5S.753, leaving about 100000
to be made good from future increase
of freight rates If allowed by the inter
state commerce commission. No new
capital stock has been Issued during
the year, but the amount of stock out
standing in the hands of other COM
panies than those controlled by the
company have been increased by $500
shares, the proceeds of which were
used to acquire other properties. There
now remain in the treasury of subor-
dinate companies 174.425 shares. There
has been a net decrease in the debts of
the company during the year of $4,-
195,327. Through it's Boston holding
company the New Haven corporation
now controls 1851 shares of Boston
and Maine stock out of the total of
218, AIS. The Park Square station
property in Boston has been transfer
red to the Park Square real estate
trust for $1,000 shares of its capital
stock.
The returns of subsidiary oo1npa MES
show $1,613,773 from the New England
Navigation company income: $223,022
from the Hartford and New York
Transportation company income. and
$4f4,8S0 income over all from the Gem
trail New England company of which a
general balance sheet is printed for the
first time. showing a profit and loss
debit of Sf.112.462 The net income
over operation and taxes of thu Con-
nectieut company was $2,S13,0S For
the first time this year appears the in
come account of the HouSatonic Power
company, showing revenue of $363,012:
net operating revenue of $202.671, and
net income over all of s102.651. The
general balance sheet of the New Ha-
ven company for the year rises from
1881, 400, 352 last year to $3.50, 764. 376.
and a profit and loss surplus rising
from 1894 43 last year to S14,196,-
25S: The total mileage of the system
decreases from Ala miles TO 4S61
President Mellen in the report says
that the advances in passenger rates,
iae- ms o1-o
yet possible. should enable the COM
pany. to maintain the same net result
and continue the eight per cent divi-
dend.
The list of stock holdings of the New
Haven company shows a change of the
capital stock of the Connecticut COM
pany from $4,000 to s4000Hoo0 in ac-
cordanca with the financial reorgan-
ization of that corporation lately out
lined.