The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-05
b. G R. c. REPORT
| IS OPTIMISTIC
President Jeffery's Comment
h on Railroad Affairs Is High
Iy Encouraging.
WESTERN PACIFIC ALSO
is COMING To FRONT
|Traffic Returns for July Larg-
est Since Opening of New
Coast Line.

The twenty-ifth annual report OF the
Denver & Rio Grandc railroad which
has INST been issued over the signature
hi President T.. T, .Jeffery shows some
Interesting data. While the income of
'the company for the year ended June
sO. 1911, shows an increase of $94,
2s5 %. the operating expenses show an
increase of $155, ,7S2.72. The report
furihermorc shows that at the end of
fhc fiscal year, after all expenses were
raid including the semi-annual dtvi-
dcnd Of 2ia per cent on the preferred
took, there was balance OF more
thnn 81 .000.0 600.
II That the company rs in healthy
financial condition is evident from the
fact that the report announces that
khsre is no floating Indebtedness and
{bat the unpaid vouchers were for the
month Of June and would be paid dur
inp the course of business in July.
a The report shows that during the
wear more than 10000 tons OF new So
|pound steel was purchased. of which
1000 tons were for additional main
rack.
4 in mis- report Mr.. ,Jeffery treats
briefly the demand of labor for in
|ereased wages and says: "Gour com
many has faced with increasing fire.
|quency demands of labor for higher
|rates of pay. To avoid strikes and
heir serious consequences to the trav-
ding public sand 20 business interests,
advances have from time 10 time been
Iconceded Such wage ad-
|rances since January !, 1910, are at
-
I0n the basis of the force employed. -
Station Cost Million and Quarter
NJ For the FIRST time Mr.. ,1effcry makes
Dubic the cost Of the Gould station in
BALI Lake City. II has been variously
Estimated to have cost from a half mil
Hon TO nearly million dollars, Ac-
fordlng to the report Of Mr.. Jcil'ery
III cost $1,217. 7.05913.
BIZ Dealing with the Western Pacific, the
ponds of which are guaranteed by 5he
'Denvcr & Rio Grande the report shows
That up TO June 80, 1911. $73.027 .955. 81
had been expended on the road This
docs not include accrued interest OH
,tbc second mortgage bonds owned by
ltbe Denver 4 Rio Grandc company. The
Estimated gross earnings of the West
,ern Pacific for July of this year is
Tt420 900, which means the heaviest
month S business that road has vet
Known.
II Altogether the report of President
pchery is an optimistic one, both for
the Denver & Rio Grande and the
Western Pacific.
In part. the report of President
jcfferv follows:
Ihe Income OF your COMPANY, for the
KSrsl year ended June 80. 1911. including
N,o.l lSOb26 interest. dividends and other
Ieceip'S. was $25.2l%.577.63, an increase
II s9i2h5.23, as compared with the pre-
n tous year, excluding In both years tho
Rtercst on western Pacific second mort
FaSe bonds owned by the company
Ihe gross revenue from operation was
<3,9sl ~ 81. being Sl7l,665. 30 less thar
Epat OF the previous year the operation
: sT<pensrs We're Slo,95I .IS, o., being an In
,Iease OF $15O, iS2.I -; and the net rcye-
ne was S'.iSI. .O3l.32 n decrease OF S32T,
teoi The percentage OF decrease IN
\ Ioss revenue was 0.I3 per cent, Increase
~ expenses. 0.90 per cent; and decrease
Enst operating revenue, AZ per cent.
n otter providing Tor taxes and al
Rarges against Income, including ono
mi annual dividend of y per cent upor
LIZ preferred capital stock, and contrib.
U.lng sleV.OOO 10 the renewal fund there
Umsslned balance from the years op.
ation of $l.llS,5 rs. which was car.
NJ, ~ ''' 'I'hll ~ DTDnl ana loss
ID imere are bonds and stocks belonging
inc company amounting To S10i. .23l
y s-.ai par value. carried on the books
>"h.ef',S01 s.. or these, SSG.3I0, $50
value. with a book value OF S29.3l5,.
~ e,9o. are deposited with the Guaranty
company and the Bankers Trus
trustees. as collateral for Ger
m ~ issues OF mortga2" bonds.
company has no floating udebt
ness' and the unpaid vouchers at IN,
- OF the fiscal year were those 10,
4 month of June. payable in the usua
fyplse Of business during July.
kLpperation expenses This year Include
Eilihercs commission method OF ac
uin'hs amounting TO $i7S. TSi.az; where
lh"re We're no such charges aGains
expenses heretofore. Withou
II depreciation charge tho net incom,
,ne year world have appeared in tn
,e AZ SZ9ol, ,S2S.iI against $3.0OS,
E.le Tor the previous year
I'D may be we'll to state that In tn,
u1sl hah of the fiscal year there was ;
I,dan nt about $500. 900 In revenues de
naf.su from the transportation OF fuel
~ r,pparcd p'.d with th" same period in 1910
lMhcn about $3.50. 900 was on shipmentl
20 SHIn mines In Colorado. TSc revenue
. r. honormally large in the last hal
lPevi"us fiscal year. because The mine
h0H'r tllrn taxed TO their cnnacitN Il
II. orders for fuel for domestic. manu-
.nllns and railroad purposes. in vicy
threatened strike OF coal miners II
Vohl producing states In the Missis
Ppl valley. which strike occurred I'm IN
,[H spring and continued for n mum
)INt vi months. y mider winter an,
LIE ms Year also lessened the de
HMnying Mg in mind the contract obligation
EMeslern Pacific, your directors dis