New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-12
LAKE SHORE REPORT.
The Lake Shore & Michigan Souther
Railway reports as follows:

Railway reports as follows:
TIE operating revenues for the year
were S45,11e.997 Is, an increase of 5000
055 so as compared with 1908 Revenue
amounted TO $29.735.2I6 y. an increase of
s4,697172 90. due TO improved business
conditions on in the y year and resulting in
amounted 70 S29, 1855, 276 62, an increase of
81 ESQ, 55l IL. due to q substantial improve"
ment in passenger traffic and a greater
number of passengers carried The reve-
rue from transportation of mails was
s2.1241S6 20, decrease of s64,02S 80. The
022 0S, an increase Of s41.61S 81. Other
passenger train revenue. including excess
baggage and milk. amounted TO s637,924 q,
an increase Of sl52.S9S SO. Switching and
other transportation revenue amounted TO
s6o4 81 80, an increase of S9l,139 %. due
principally to larger receipts from switch
transportation were s353,1S5 IS, an in
crease of s44,102 81 due principally to
larger revenue derived from rents Of
buildings and other property. The oper-
atng expenses for the year amounted 10
SIS. 023, SCI o., an increase Of s2.S11,156 60
Maintenance OF way and structures in
the year of important Improvement work,
consisting of four-tracking the main line,
strengthening and rebuilding bridges, ad-
dftional ballasting, etc. made necessary
heavy charges to maintenance 10 provide
Tor changes to existing roadway and
structures. Maintenance Of equipment in
creased s1,35s.72S so, due to the large
amount and extensive use of equipment in
service during the year. Traffic expenses
Increased 1928, o56 81, due principally to a
larger cost TO this company In maintain
ing fast freight lines and outside agencies.
Transportation expenses increased S634,-
500 so. due to heavier volume Of traffic
handled, affecting largely station and train
service. General expenses increased $2S.
422 81. Outside operations show a loss for
the year OF S7s,907 Il, due to a deficit in
the operation of dining cars and CONNER
cial ice supply plants. Taxes accrued in
creased S25.25S 80. Other income for the
year amounted to s6,486,6S7 IS, an increase
of sl,3S9,S06 81, due TO additional revenue
received from dividends on stocks owned
ana rental Of Joint facilities.
amounted 10 S10,3S2. 049 90, increase of
$50, lsS Is. Rentals of leased lines increased
s75s 800 SO. due to a larger rental paid Ma
honing Coal Railroad Company on account
OF increase in traffic handled over that
road and rental paid to jamestown, Frank
deductions increased $3.50 72S %, due TO
amount paid to the Indiana Harbor Belt
Railroad Company as this company's pro-
portion OF it's deficit from operation. From
the net corporate income of the company
tor the year, amounting TO l1.6J4Sel *, two
dividends, aggregating L per cent. amount
ing to s., go, $50, were paid, leaving sur
plus for the year of SITS S1 So. Additions
and bettermentS 10 the property in the cur
rent year were $3.564414. the full amount of
which was charged direct 10 capital
count. By the elimination of this expense
from charges 10 income in 1899. that
count shows a decrease in additions and
amount charged to such account in the
previous year.
There was no change in the year of the
company's holdings Of Reading stock. =