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Show li PACIFIC ANNUAL REPORT i . fwo Oregon Systems 1 1 Miided. - iKross Earnings of Three Amount to $55,279,231, ' Showing Increase. fejjgon Short Lino Owns Half of the Hr Salt Lake Route, "Which Is I Vk Now Building- to Coast. NEW "OK- ct- The pamphlet - report of the Union Paclflo Railroad wmpany for the fiscal year ended June H) last. Issued today, shows: it Gross earnings 555,279,231, Increase 4,204.042. i Operating expenses ?29,02G,007, in-creaEO in-creaEO $1,686,723. Jfet earnings 526,252,624, Increase I lift. 12,517,319. lITP ? After receipt of other Income and y f payment of total charges there rc-malned rc-malned a surplus for the year of $4,-713.45G, $4,-713.45G, a decrease of $230,018. 5. Tho report sets forth that owing to the decision In the Northern Securities company suit the Oregon Short Line has been unable to collect Its Northern Securities dividends since February 1 ' last. Thero were sold during the year $10,000,000 face value Union Pacific Railway Rail-way company's G per cent collateral motes maturing February 1, 1905; the (proceeds were used In further advances Uto the Southern Pacific company, In the construction of and Investment In new lines, In the completion of the steamships steam-ships Manchuria and Mongolia, and In the purchase of other equipment. jt. In addition to the above mentioned Bhort term rates, the companies have Inqurred loans to the amount of $13,128,-000. $13,128,-000. Against these liabilities they have 5 large excess In demand loans to the iSouthern Pacific company, which, on June 30, 1904. amounted to $20,460,917: In mmi advances for the construction of and Investment In new lines and equipment En i. aggregating $27,553,815, and In other free V assets in the form of unpledged stocks I and bonds. I i D'iring the year the Oregon Short Lin Riilrond company purchased a ! two-half int-Tost, which It now owns, fin Un San Tedro. Los Angeles & Salt , ILakf Railroad company. This company 4 Ijaa undtr ronstructlou a .lino of rall-2 rall-2 jroad from San Pedro and uos Angeles. .J iCal.. to Salt Lake City, with various jj Jirancho-!. On account of this invest-a invest-a jhent them was paid to June SO, 1904, I the cum of Sll.9C0.000. Tn addition to . t hN frpp ns?et the companies have nd- vanid M2r,o::,S15 for the construction (m.' nfu "n-- for the completion of ML-: ste-whips and for additional rolling |