OCR Text |
Show Rio Grande Earnings. The Denver & Rio Grande has issued a preliminary exhibit for the year ending June 30, 1893. Under careful management, the position of affairs of that property has evidently evi-dently been very greatly improved during the twelve months. Gross earnings were slightly less than in the previous year at $8,830,944, against 18,850,920, but a considerable consid-erable saving in expenses was effected, so that the net earnings increased, standing at t3.709.353, acainst $3,340,517 in 1890-91. and 83,559,785 iu 1889-90. The call for interest, taxes and all other charges was $3,795,242, after meeting which a surplus of $914,112 remained re-mained on the operations of the twelve months. This more than bears out the expectations ex-pectations of the management as expressed in their last report, that with reasonable economy the result for 1891-92 would show a "tangible" surplus. For 1890-91 the surplus was $097,983, and out of this $591,250 was paid for a dividend on the preferred stock, leaving the actual surplus only $106,733. The surplus of $914,112 for the late year has btfen applied entirely to the reduction of the company's unfunded liabilities. New York Commercial and Financial Chronicle- |