New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-15
r g. O.'S HEAVY EARNINGS
company Shows Large Gain IN Gross
nd Net Receiuts in Last Fiscal Year.

The report of the Baltimore 4 ONO Fe o.
-oad for the wear ended June ~ t'lV,
us GROSS earnings from rail operations
Of Ss2 GOT 81 g. increase or siz,4oS.oSso, I,
ar is "a per cent The earnings from I,ei-ll.
traffic increased s1l.063.0o0 s., or ls.g ~
cent The tons Of freight carrier WI WI ',o+sI
zoT ri an increase of 11.5S7JSi. ana Toe tO'e-
ton mileage was 12.O24SsS9zI an icIsaSe go 90
/ e75 900 So. or 49, per cent Inc aEeia7.
freight earnings "a ton mile were V:9f teIl.'
compared with O.531 cent the preceding StaI.
decrease Of SO per cent IA IS q, Sc 10 an
increase over the preceding year OF sSOf,
2i6 81 The total number of passenger al az
ried was 21010 an increase ,. o. i ia ~
and the total passenger mileage was 'eS.f's,
IA an increase OF 42.S90.0Z1- The average
earnings a passenger mile were Ley' cents
d. -Erings from EXPRESS traffic increased
sol 40 So There was decrease OF s's',
f22 81 in receipts for facilities tuThlshed a'lu
TRANSFORMATION of mails. This was piii,l
naIJv due to reductions ordered in rates %
nav Recent reweighing on parts OF W
system shows marked increase III aIlIos...e
OF mail matter carried Operating $1,000 $1,000
for the year were sSl. 90. $50 ~ an increesse
Of SO 1853. SO %. or 1888 per cent. Inc MOI.
tenance expenditures. road and equi Rgr,,.
chow an increase Of $3.50. us 80. ITdi1s -,
DortatiOn expenses increased :, sew - 80
other increases being S159,Sl5 u IN udiIl,
expenses and sS7.Ss2 81 in general expF ar5eJ
/ The income account for the year ei'i -
June go 1910 after payment OF taxes. III
terest on funded debt and other cnaTst7
shows net corporate income 10 nave De-
/ els 247 5s7 O2. From this. however, SnOuic
! ne deducted expenditures for the better
ments necessary TO meet changed conul-
/ tions and to maintain the earning capdCII$'
( but of a character not heretofore capl'ai--
/ lied .415.7 80 81 leaving a hnal balance ..
/ 49, S31. $50 ~. The dividends OF per cs IN
on the preferred and per cent - OF VI ~
common stock aggregated Sl44,Zlz %
showing surplus earned over DIVIDENDS Tor
the year Of A.357,613 IS. -.
| total foOtngs an increase of SS,5s0t6l, the
| chief changes in liabilities being as Iollo" +;
Increase In common stCck' " goid
! exchange for like amount or ten-y ear sOIS
| convertible debenture per cent ooIus ~
the company; increase in mortgages anu
| secured debt. S53.0f1 ,Ol4 50. due 10 ISSUE 81
$40 600 600 three-year gold secured notes
the issue under provisions OF the DE
mortgage of 81 ,OOO.00O per cent bonds, ana
go OH Oh rs the net increase incident TO
taking into the general balance sneeI -. tne
funded debt of subsidiary lines, VIZ sIy,
ESQ 100 interest payments on Wnlch hde =
heretofore been assumed, but princlpai ndd
not been taken up IN capital laDHltISTS. 80 =
S.6H,o7o account Pittsburg Jun 5unct rsIr,sd
Middle Division bonds. heretofore Ideu
as liability, contra the deposit OF f tnS9e
bonds with the trustee of the PitlSOui .
Lake Erie & West Virginia mortgage -.
| Increases are also shown in WORKING I'd
bilities chiefly due TO issue OF sl0tyov9 one
year per cent notes: IN appropIiaIe,u SIT nat
plus" wherein SO go, 16S 81 represents net
| amount restored TO this account anu anu
| charged to cost of road and equipment anu
in profit and loss account due 10 items III
cident to Incorporating subsidiary, lines ana
to sUndry adjustments under the re'iSeU
classification =,
The principal changes in assets are as as, f9i-
lows: Increase in cost of road, $3S. So4 100 81,
due TO charges in taking up subsidiary me
assets. S19. $50. 100 per contra, funded deDI
assumed; new construction IN the year,
s.. so 819 SO: charged to construction account
against the Appropriated surplus Io1 o III 1i
nToyenents'' wears 10000 1913, 329 Is;
less credits account equipment BaItlmOTe
& Ohio Southwestern Railroad, Formerly
carried in cost of road. 4,692, 146 IS. and sun
dry adjustments. 81 los, 335 80; increase IN
cost Of equipment. SIS, $50, 5S1 Al, due 10 trans
fer to this account equipment or the BalCI-
more & Ohio Equipment Company. Ihe 6dl-
timOre & Ohio Southwestern Railroad aIu
other subsidiary companies, SZ5,o4S,s45 o3
e new equipment acquired during the year
50 O13. OF SO; less credits incident to reVaIu-
alton and equiprceNt put out or service
81, 025. 500 30. and less reserve for accrued de-
probation, S., 04S. 9S1 81 -
The further increase OF s21146,3li 10 occurs
in securities and working assets, due prln-
cipally to increase Of SO, 40 Oh IS IN casn
! and loans and bills receivable. the latter
representing the unexpended balance OF
your 100000 three-year gold notes les
transfer to property investment BaItl-
ment SIC 9SS 81 80. and sundry other ADJUST
ments TO conform to new classification
Much Of the work Of construction and
betterments previously undertaken vas
which reached s5.JGo.000. with 80 100000 addi-
tional disburSed for new equipment Ihe
percentage of freight earnings OF total
earnings was 1901. and OF the commodities
| carried the largest increase was that OF
bituminOus coal 10000 tons Coke ton
mage Increased 100000, and that OF ores
| /. 80 600 The tonnage of castings and ma
chinery increased 10000. that of iron. pig
off a bit-between 5000 and 5000. The ton
mage of stone, sand and like articles in
| creased more than 50,01o, cement. brick and
lime increased 10000, and petroleum and
| rtaT oil