Show REPORT ON U. U P P. P SYSTEM GIVEN NEW V YORK April 30 Develop 30 Develop Development m ment nt of or modern equipment and increased in- in cr creased 8 d service service o passengers rs are are among mong the methods adopted by the Union Union Pacific system to increase railroad passenger travel it was disclosed din dis- closed in the annual report to stockholders stock stock- holders released by W. W A. A Harriman Harriman Harri Harri- man chairman of at the board of di di- rectors Added Comfort and service for tor coach passengers passengers' and inauguration ot of f the streamline type of ot train will vill aid in Inre regaining pa passenger tic fic c for the railroads Mr Harriman Indicated in his report Passenger revenue evenue for lor 1935 showed a 20 per percent percent cent ent advance over lover 1934 in spite of ot decreased rates which averaged 17 cents per passenger mile New freight locomotives are beIng bo bong be be- Ing Ing- ng constructed capable of oC pulling heavy eavy loads at speeds of ot 60 miles per cr hour to maintain present service Freight cars are are b being ing rebuilt Four new trains are to be placed during May and June the report said One will operate between be bc- tween Chicago and Los Angeles and tho 10 other between Chicago and San Francisco both on 39 hour 39 hour sched ached ule les ules Earnings on common stock were reported at 65 a a. share a shade less ess than 1934 earnings Dividends of at f 6 per share were paid to common common cornmon com corn mon stockholders Operating revenues reve reve- increased Freight revenues increased 65 per cent or Increased operating expenses more than absorbed the increased revenue evenue the report showed Included Included In- In in the increased operating expenses was a wage and salary alary restoration bringing these to the he 1929 level Balance of the increase increase in- in crease rease is accounted for the report said aid said to increased maintenance expenditure ex ex- service improvements greater advertising and growing volume of business Dutch Concern Is Big Holder Heaviest stockholder in the Union Pacific system is Broes Braes Gosman of at f Amsterdam a a. Dutch concern which holds approximately tely worth of common and preferred erred lock of at the railroad it was disclosed dis- dis closed in the railroads railroad's annual re- re port ort The Dutch company compan the report Indicated holds shares of oC common and shares of preferred pre pre- erred stock par value alue of both beIng beng be be- Ing ng a share Second largest holder of at stock is Weber fc Co of at New York which owns shares of at common and shares chares of at first preferred stock stacIe Members of ot the Harriman Harrim n family popularly believed to control the I railroad have modest holdings compared com corn pared to those of ot the Amsterdam company W. W A. A Harriman chairman chairman chair chair- m man man ln of at tho railroads railroad's board of dl di- re tor shares of loc common cornmon corn com m mon mon n stock E. E RN Harriman owns 1 shares share of at common and Brown Harriman Co shares of common and of at first preferred Several large largo insurance companies also hold large blocks of ot Union Pacific stock The Union Pacific system holds boldA large blocks of ot at stock ck in other corporations cor cor- principally in railroads Investments of the system other than Jn affiliated companies are shown in the report as follows Stocks bonds bond notes miscellaneous Dutchmen Partial To Western Lines LinesA A report filed tiled Wednesday with tho the public service commission reveals reveals re re- that Dutchmen are especially partial to western railroads when it comes to investing their money in America Ono One Dutch concern Broes Braes Gosman Gosman Gosman Gos Gos- man of at Amsterdam is the largest single owner o of stock in the Union Pacific railroad Gebroeders Boissevain also Iso of at Amsterdam holds the largest single block of at stock tock in the Southern Pacific Pacific Pa Pa- shares which is almost twice as mu much h as the next largest stockholder Other largo large owners of Southern Pacific stock are the Curtiss Southwestern company of New York shar shares the Acly company of at Pittsburgh shares and Lehman Brothers of at New York shares The capital capi tal stock of ot the company is set act at 06 |