The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-11-15
MUCH MONEY SAVED
By The NEW PR OGR AM

Ofttle Baltimore and Ohio Rail-
road Company in It's OPP
Grating Department.
BALTIMORE, Nov l5.-The
leighty-ninth annual report of the
Baltimore and Ohio Railroad Com
lpany was submitted. at the annual
Injecting of the stockholdes today and
is being distributed to- more than 3O,-
900 shareholders. y:-s
4.535 miles of line with total track
lage Of 1907 miles. q e q !,
The total operating revenues were
I$91.815,797, a decrease Of $7,349,212
compared with 1914. With total OPP
Grating expenses at $63.925. 5O7 there
was effected a decrease in expenses
Of .$10.477,SS0 and a resultant net
revenue of $27, 890,289. an increase
LOT $3,129,688 over the previous
year.
The report indicates that the In
crease in net earnings in the face Of
heavy decline in gross revenue is at
ltributable generally to the greater
operating efficiency made possible by
the program Of betterments which has
extended over period Of five years
and came practically to close with
the completion during the year Of the
Magnolia Cut-off.
The report shows that the net in
come for the year after deducting in
terest and other charges, amounted to
10,780,881. an increase of $1,530,-
Sos over the preceding year. sufficient
the report states, to pay the estab-
lfshed four per cent dividend upon
the preferred stock and five per cent
upon the common stock, leaving a
surplus Of $771,473. =
The report further shows that four
subsidiary lines, the capital stock Of
which is owned by the company. had
surplus income in the additial sum
Iof $423,0 -
Freight revenues constituted 77.09
,780,808, a decrease Of $5;617;0O8,, or
,7.35 per cent.
The tons of revenue freight car
rice were 64.375,595, a decrease Of
1892 per cent, while the tons car
rted one mile were 1890, S94,074. a
decrease Of 7.71 per cent. The rev
enue tons per mile Of road were g.
$50, 900, a decrease Of 8.11 per cent.
Freight revenues constituted
per cent Of the total operating reye-
!nues.
Passenger revenue amounted to
l$14.059,940, a decrease Of $780, $50
or 11.52 per cent. The total num-
Der Of passengers carried was 2,5S1,-
1892, a decrease Of $50 per cent.
while the number. of passengers car
|ried one mile was ia .36S.423, a de-
crease Of 1855 per cent. It is stated
that over $500, 900 Of the decrease in
passenger earnings. was due to the
cessation Of immigrant business oc-
casioned by the disturbed conditions
In Europe and that the remaining
portion reflects tie general depres-
sion in business during the year.
There were but slight changes IN
the revenues from mail and express.
which were $1.236,076 ana s1,81S.-
452, respectively. g
Other miscellaneous revenue show
a net increase Of $109,773.
The ratio Of operating expenses to
total revenue was 69.92, compared
with 1903 last year.
Maintenance of way and structures
expenses were $8,985,626, a decrease
OF 1854 per cent. 1t is noted that this
item for the previous year included
S2.112,0S4. directly attributable to
the disastrous floods Of March, 1913,
which have no counterpart in the OPP
erations Of the present fiscal year.
Included in maintenance expense is
$556,452 for replacement and revis-
ion OF facilities incident to better
ments.
Maintenance Of equipment expens-
es were $16.002,58S, a decrease of
$50 per cent. Included in these ex-
penses is charge for depreciation
amounting 20 $2,810,415.
The total Of all maintenance ex-
penses for the year was S24.s88-
1850, and compared with the same
expenses for the preceding year shows
a decrease Of $4,579,994.79, or 15.49.
per cent. These expenses for the year
represent 27.22 per cent Of total op-
Grating revenues, as compared with
1882 per cent the preceding year.
me total transportation expenses
for the year were s34,254. 572. O5. and
compared with last year $3s,s85.-
49e.44. show decrease of $500
924.39, or 1888 per cent, These az
penses were 1881 per cent of total
operating revenues, as compared with
1882 per cent the preceding year.
Co-tncident with the decrease in.
transportation costs and directly con-
tributing thereto was the heavier
freight train load, which was 692.35,
tons this year against 645.37 tons for
me previous year, an increase Of
1898 tons. or 1928 per cent. There
was decrease in revenue freight
. TAN miles Of 3,O42,622 miles, or
revenue freight handled one mile de-
creased but III per cent.
Taxes FOR the YER tctalled ss,5o3,-
IO74, an increase Of s59.92s and