Show mm OF THE WESTERN tom utah road shows a handsome surplus FEATURES OF THE REPORT gross earnings were over two T wa millions and net earnings inar increase case in tontine Tonnage ge Eight tenths of the passenger business was local road in splendid shape and dividends lit in sight I 1 TRIBUNE krnc SPECIAL AT denver colo nov ii 11 the annual report of the rio grande Grandel western Vestern railway has been made public There the presents many items at interest connected necked with the road lit in a clear and succinct form that thai Is readily understood lood and indicates tile the master hand of 0 col D C dodge one ot of the tha brightest railroad men on the continent the earnings 0 or the system were 2 an increase of over the year previous of 0 this amount tho the freight department la Is credited mith uh the pila passenger with and the miscellaneous account with the working expenses were leaving net earnings to the amount at 0 1 deducting D e due ing taxes t a and nd insurance and adding interest received c on leased lines securities the actual net earnings are placed at 17 the road paid interest on bonds bandl to the amount of and entered upon u pon a new fiscal year with it a handsome surplus and the prospect of 0 resuming payments of tit dl idenys bostock tostock to stockholders the report brings the records of the company down to june soth last and shows a business activity along the line in utah that speaks peaks in gratifying terms of oc the energy ot of the people of 0 the tha Teril territory tory the debs strike in the early part of the fiscal year reduced the revenues of the system according to col dodge to the amount ort had it not been for or the strike the surplus earnings for or the life year would havo have been over dye r 10 0 during the year the ro road d hauled tons of 0 freight a greater greater quantity by tons tells than over ever beffie in fit the same period the gain in freight earnings was 1514 an increase ot of moro more than 10 per cent the number 0 of passengers carried also shona an increase the total reaching it Is in it a noticeable tact fact that the local passenger business constituted about eight tenths of the whole passenger business through passenger traille fell oft on nearly one half hair there was it a total tailing in on off in passenger earnings top for tile the year of cr due is as the report states to conditions originating or existing outside ot of our line more or less continental in their character the comparative shipments of coal coke charcoal and ore and biff bullion llon the principal articles affected by the collapse cotla colla la se of 0 silver mining Is given as follows year tonnage revenue rl I 1 ISM S asai gioi a I 1 sa 1831 IWI isai 1 Gs sIss the tonnage of fruit and vegetables increased from tons in ia the year ending june 1891 to tons in the year closing last june the gain in tonnage in live years was nearly thirty fold shipments of oc live stock wool tool grain and lumber showed a 9 heavy V movement and tile the beet sugar works at leol lehi gave an increased revenue ot of eli BG per cent the general condition of the property Is pronounced by the ali president ot of the company as better belter than ever before and comparatively little expenditure will be necessary this year for maintenance of rolling stock the net revenue through the operation of the sevier railway la is placed at the gintic tintic narge hanse railway not net returns ot of the total miles of line operated in the system are in big summary of 0 tho the report president W V 3 palmer congratulates the stockholders on tho the tact fact that the road has earned during the year more than its fixed charges had kept every engagement and come through without any floating debt ile he cles clea that tile the time Is 1 at hand when the investors inventors in the property will again receive an income upon their investment concluding his report Pre president filden t palmer says the entire condition or of the line physical and financial Is now new quite healthy and the outlook in every way promising the earnings of tile first drat three months of the new fiscal year which will appear in tho the next annual report already show a gross gain of or 20 tier per cent and in the net SS or 47 per cent over tile tho I 1 first n quarter 1 arter of tile the year covered in the present report this Is the most ang feature of the i hole report chich Is now mode made public |