New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-28
DEFICIT FOR NEW HAVEN
uioher Wages, but No Increase
in Rates, Says MeIIen.
DIVIDENDS SHOW INCREASE
Years Shortage of Sl,a57,54o
Compares with $1,0S7,793
Surplus for 1910.


mia, renort OF the New York. New Haven
d, hartford Railroad Company for the ifs
v, yosr ended June 50, 1911, shows a deficit
- g OF $40 as a result Of the years opera
80 comparing with the surplus Of sl,O57.-
~, for the preceding year, the deficit OF
ssaGs for the year ended June 90 1909
- the S.5l66gS deficit Of the fiscal year
ended June 50. 1905.
The report says that if wages Of en-
.,,ves had remained upon the 1910 level the
lorrparv would have been able TO show
-.-,l,ls for the year Of S25S,97$ instead of
defcit Of 81. $3.50 Even with the high
- scale Of wages. the company would have
I'D deficit OF only SSlS.2SS if the surplus
~oruings OF the subsidiary companies for
,ne wear had been turned into the parent
company's treasury.
THE income account shows gross operat-
ing expenses of S62,i5S i35. against s6o, sos
fo- the preceding fiscal year an increase
Of N45q 20: operating revenue Of S40.S9S65S,
o. Increase OF S2.2o9, AZ. and net operating
revenue of S.l.254Sl2, a decrease Of S7f965o.
Net returns from outside operations Were
g coo -q3. the total net revenue being 81
$3.50. against N-''"i-''-- A'L '''N ~
year -...
Taxes were S3,57S.S6S. a decrease OF &4o5olf.
bringing operating income TO S9.o'6.25-.
OTHER income, including dividends or
.,o,ss interest ON bonds miscellaneous in-
come and rent and hire OF equipment
s~,ognred to Ss.l7S 92S. making the,total in
.or,e s-S.255 1870. which compares with S.
.o0 o-0 for the year ended June 50, 1910.
Dividend Payments Increase.
From the total income were deducted
bord and other interest. S1o,7lo.SS9. and rem
raj and other charges S6,35L459, the net IN
come being S111SL3l2, against SlO,76,Sa FOR
t,s fiscal wear 1910 Dividend payments az
pragarsd Sl2 454. So. this item including
s15.5 30 dividends ON part-paid stock, and
ro-1rs-ing with S9.-590S1 disbursod in div
dends i'm the year ended June 80 1870 the
dividends exceeding the net income oy
s, az 54n The companys total Dro1t ana
loss surplus is shown in the balance sheet
a. N4-750lj.
The gain in gross revenues is due chlehy
On passenger traffic. the returns from
which we're S26-le.J71, an increase OF Sl''-o-
ar The cost of conducting transporta-
,ar increased from S22,942.574 in the hscal
wear 1910 10 S2AS7S.g5S The balance sheet
a. of June go. 1911 shows cost of road ana
eor,pr,aut S1SS. 500 and securities Of al
rrated and controlled companies SI5>.'"''-
Az. The company had miscellaneous IN
vestments totauiug S-3,9i5.5oo, against 500
0+E7 a year previously and marketable
securities amounting TO Si2.oi5.il5. an in
crease Of Sll94s,662
cash on hand was $2S,l649S1. against
s1S09oA at the close Of the preceding
wear. Among the items on the liabilities
side are loans and bills payable S2ioo9sy',
against s. 7S0.3S4 ON June go 1870 and pre-
Yriums realized on capital stock S2&9S''S3'
against S2o62072o
First Combined Income Account.
The present report is the first TO contain
combined income account which includes
tss following companies. New York, New
Haven & Hartford Railroad company
Central New England Railway Company,
connecticut COMPANY New York & STAN
ford Railway Compauy Westchester
street Railroad Company. Berkshire Street
Railway COMPANY Vermont Company
Hoosic Fails Railroad Company, Housa-
tonic Power Company. Rhode Island COM
rarv. New England Navigation Company.
Hartford and New York Transportation
COMPANY. Maine Steamship Company and
New Bedford. Marthas Vineyard and Nan
tacket Steamboat Company. The income
accoun. FOR the year ended june 80 is as
follows.
Gross. So go. 1853. expenses and taxes, <6'.-
s-+5o9. net. S25.S76 l6l. other income S'.,'i.-
d a.