The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-03-29
PEWIKY
STOCKHOLDERS HELD ANNUAL
MEETING YESTERDAY.
Net Earnings for the Year Were Near.
Iy stso,ooo-RePort Was Very
Gratifying.

With large percentage OF shares
represented. the stockholders OF the
pittsburgh: Wheeling 4 Kentucky
Railroad Company held their annual
meeting In the offices of the com.
pany. at Fourteenth and Water streets
yesterday afternoon. The greater
part OF the session was taken up cy
the filing of reports, and the annual
statements rendered by the president
was accepted and shows the road
made a handsome increase in earn
ings during the year 1911 over those
OF the year previous.
Elect Officers.
The election OF officers and dfrec-
tors was held and resulted in the old
Officers being reelected as follows:
Directors-Joseph Wood. ]. J.
Turner. Edward p. Taylor. Pitts
burgh: Joseph Speidel. b. S. Mcclure.
A. s. List. Wheeling.
President, Edward p. Taylor, Pitts
burgh.
Vice president. Joseph Wood. Pitts
burgh.
Secretary. s. b. Liggett. Pittsburgh.
Assistant secretary. J. v. Braden,
Wheeling.
Treasurer. T. Fl. b. Mcknight.
Pittsburgh.
Auditor. John W. Renner. Pitts
burgh.
In part the report showed the follow.
ing interesting items: From the In
come account the total operating ex.
pense during the year were S474, 6g3. %
against S449 399 so for 1910. showing a
gain OF 25.293.4s. The total operating
expenses; we're 1927 .931 26. and in 1910
were 1892 .4O9.6l. showing a decrease
or expenses TO the amount of SO.
47S.35. The net operating revenue re-
ported for the past year was SI52,
1902. an Increase OF s35, 771.s3 over
1910. when II amounted TO SIG. 99O.Ig.
Gross Income.
Inc gross income for 1911 was s175.-
6l2.O9. and after deducting payments
Tor interest on bonds. hire OF equip
ment and sinking fund expenses.
amounting 20 S2s.06992, left a net in.
come OF S147.54217. This was an
increase OF s35.752.49 over the previ.
Gus year. when the net income was
Sill. 1865.
From the net income OF S147.54217
items TO the amount OF ISL .4s3 % were
deducted for contribution TO sinking
fund: dividends Nos. 7s. 20. so and
81; additions and betterments. and ad.
tustments OF sundry accounts. leaving
balance OF s66.05s.22. which. added
to S4fl .24S.O6. the credit OF income ac.
count OF December 81. 1910. makes a
total TO the credit OF the income ar.
count. December 81. 1911. OF s5O7..
BOG 2s. O''
The revenue from freight traffic in.
creased S14.54217. or 5.57 per cent
Inc number Of tons transported was
l'45l,ssI.sS1, an increase OF 67.371. or
4st per cent; the ton mileage was
Z9.y4f'4sO. an increase Of LOSE bf5
miles, or 444 per cent: aud the aver.
age revenue per ton mile was Ogg
cents. an Increase OF Oi2 of n cent
The passenger revenue increase e.
uS.lS or 6.93 per cent The number NJ
passengers carried was 3G3. SOC. an in.
crease OF 25.0a3. or 739 per cent. the
passenger mileage was 1905. 500. an in.
crease % 541.749. or s3s Der cent and
the average revenue Der psssengcr
mile was 1919 cents. decrease 81
.O26 OF n cent
Transportation.
AN' tFFFHut lFum IrnuE uurfafiuu OF
mall Increased $500. the revenue from
The express traffic decreased 1909 57.or
S.s3 per cent. other transportation
revenue increased &Z.421.22. or b.G4 Der
cent and non-transportatiOn revenue
Increased i366i7. or 1915 per cent
After paying the usual dividends
and contributing g9.26t 30 10 the sink.
INK fund for the redemption ~ the FIRST
consolidated mortgage bonds. and pay.
ing 1909 % for additions and better.
menta. there was carried 20 the credit
~ income account the sum or $50.
o5s22.
Tho expenditures for additions and
befterments we're FOR improvements 10
bridge No. ~. near Wheeling. and cid.
ing Tor The Car Furnace company AZ
Glenn's Rum. ". Va. ana siding "a
.cilities ~ Warwood. W. Va
Through The operation ~ the sink
ing fund Tor the redemption OF the
hrst consolidated mOrtRare g por cent
bonds. nine 81 these we're purchased