The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1910-08-31
ERIE R0A's fine
SHOWIN FOR 1910
Financially an|Physically Com
pany's Con{ion Is a Sur
prise toE FALL Street

Earnings of TIL Erie railroad COM
pany for the f1scayear ended June 80
! last were the moi favorable ever pre-
| viously publishedh the history of the
| company, so far 3 the gross is con-
cerned, while til net exceeded any
previous year as far back as 1908,
which was a NIT exceptional year
/ 1t is significant lat the Erie should
! have been able t{show a surplus for
| the year sufficient in volume to have
met full 4 per cd dividends on both
/ classes of prefern stock and at the
same. time leavek balance available
for the junior isSa, equal to 2.S9 per
| cent on the $11,,8,900 now outStand-
ing. Deducting til $737,0S7 charged to
| income for addrIns and betterments
| during the year. I is found that there
| is still left a bilhce of surplus suf-
| fclent to meet fu1 per cent require
| ments of the preferred stocks and have
| left a balance svilable for the COM
| mon equal to 2.lS Der cent on the out
| standing amount Mentioned above.
| The showing hthe company for the
| last fiscal period vas even better than
| had been expected although 1t was a
foregone conclusbi that the final oper-
ating results forIqe IL months would
be the most graffing that had come
to light for a rthber of years past.
Other income bl the company en-
joyed the phenontfal increase of about
$l,0O0,000, or 49, a per cent. as COM
pared with the $a previous, the i'm
provement having been the result of
an unusually god years earnings in
the company's cd department.
When conSiderltitn is given to the
fact that only a couple of years ago
the company wasstMggling along and
Wall street awaited momentarily the
announcement OF a receivership for
the property, theshowing for 1910 be-
comes the more significant. Since that
time the properly has undergone a
considerable amdlnt of Improvement
and developmentIits cars and engines
have been raised to higher stand
ard of efficiency as we'll as new ones
added, so that 1t the present time
the road is in coalition to operate eff
fect1vely at all tines.
Quite in contrast with a few years
ago is the present service of the road,
as its freight AMI passenger business
is now handled Ifonptly and consid-
cradle prestige is being gained for the
property in this Inspect Attention is
called to the fact hat in January last,
when snow block5deS were prevalent
throughout the country, both east and
west. the Erie showed a gain of %
per cent i'll car movement, while in
February, when practically the same
conditions prevailed, the increase was
over 10 per cent. This achievement.
according to those in a position to
speak with authority vas the result of
the excellent condition of the COM
pany's engines and rllinS stock as a
whole, and the gre;ter efficiency of
operation.
In the last few years the Erie has
made many IMPROVEMENTS which will
before long tend TO greatly increase
the company's business. One of these,
and perhaps the mott important, was
the completion of the open cut through
Bergen hill, back ofDersey Cits Sew
eral other cutoffs which have been
completed will eventually mesa a great
saving for the company and increased
gross earnings. Tt would seem, then,
that a. continuance If the present pol
ICY or turning sack Sezr4>ls.e into
Mobilization of the PROPERTY will in the
long run prove very beneficial-New
York News Bureau.