The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-06-21
BURLINGTON NET
INCOME DECLINES
Earnings Based on 1913, &c.,
688 Federal Compensa-
ton, to Company.
SURPLUS IS $227,28e, COZ
Presidents Report Says Total
- Tons Of Freight Carried
Gains AZ Per Cent.

The Chicago. Burlington and Quincy
Railroad Company in 1918 earned net
income. after charges and war taxes. OF
;sfs. 7sR,4ss. which was equal to szo.ss q
share on the s11o.sSs,loo capital stock.
according to the annual report issued
yesterday. The earnings were based on
Federal compensation Of SS5.as0,6s3. In
1911 they were ,2s,4os.os2 or sass .
share 80
The Federal income account shows net
Operating income OF szf.3s7.ss7. which,
set against the FEDERAL cotnpe nsa ton.
leaves \ dehcit FOR the Government Of
3s.oo1,71S. Without the ,benefit Of the
guaranteed Federal compensation, the
result Of operations in 1918 wound have
been f15,1i . sh4ru on tie stock.
After paying dividends of per cent.
the Burlington had q surplu4 out Of
which $1o,2s5,Sb1 was appropriated for
additions and betterments and Sa.si7,-
s2s was added 10 profit and loss, max.
Ing me mai surplus At tho closs OF 1918
3227, 2S6,o of, ~
The Burlington included in ts re-
port n statement for the Colorado and
Southern, which IT, controia. The latter
earned balance equal to st.2f SHARE
on the common stock after allowance
for dividends on the first and second
preferred stocks In 1877 the baiancs
was equal to 1855 . shars. -
Remarks Of President.
,Charles n Psrkins, president of IA.
Burlington, IN the remarks TO stockhold.
ers In The annual report said In part
The operating revenues In 1918 were
{21.S3o.os2 greater than In, 1917; ,fhs
principal increases being: 3I7.Is4.ai1
In freight revenue, t3.67s.ils In passen.
ger revenue. ssts.sss In expreAs reve.
nue. and ss17.oo1 IN incidental operating
Tho total tons OF revenue fre,rh,
carried increased 1855, $50, or a. ne,
cent The movement OF live stock and
animal products was the largest in the
history OF the railroad. being 1o.S Der
cent In excess OF the previous year
This was Influenced to considerable
extent by the war and prevailing hiGi,
prfcea The movement OF AGRICULTURAL
products was also larger than ever, IN.
creasins 1o.7 per cent. over the previous
year. The soft coal movement was H.
oSe.2es. constituting 3e.os per cent OF
the entire tonnage handled by the rail-
road, considerably IN excess of any pre-
vious year. II 10 noticeable that al.
though there was an increase In tons OF
- HS'Shae AtOi8ht C8TTIco OI lsb
there was practically no increass IN
number. Of cars. which was largely due
to the hearty cooperation Of shippers
with the carriers in securing maximum
loading during the period Of the war.
The average revenue per ton Der mile
increased from &C. to ~ mills, or III
per cent, the average revenue per
freight train mile being S4.sa. against
s4.17 In 1917. This was due primarily
70 the general increase in freight rates,
averaging approximately. 20 per cent.
made effective by the Railroad Admins
tration on June rs. 1915.
The tons Garfield per train mile were
the largest IN the history of the railroad,
being 7es.5i, compared with 1853 In
1877 Likewise the average tons per
loaded car mile were heavier than ever
before, being 2s.ds, compared with 1888
the previous year.
THE operating expenses Tor the year
were S33.54i.6si greater than the pre-
vious year. VITA an increase In the OPP
Grating ratio from GAIT to 77.s1. or Eli
per cent.
Advanced Pay of Employees.
Throughout the year substantial ad-
vances were made to all classes Of en-
ployees and the total OF the payrolls
was slightly more than SO per cent In
excess Of 1917. The average rate of pay
at the end Of the year had increased
considerably more than that as some OF
tbs advances were effective during only
q part Of the year 1913. It II alec to be
noted that the eight hour basic day has
been established for practically Ali en-
ployees and that piece work has been
almost entirely eliminated. Rates of pay
and working conditions were established
by the Director-General. based on In
vestigations, and reports to him by va
rious commissions and boards and In
fiuenced primarily by the higher cost of
living and prevailing wages In other In