OCR Text |
Show The Boston News Bureau publishes the following article on the remarkable remark-able showing made by the Salt Lake Routes In 1905 the Salt Lake Boute failed to earn the interest . on its bonds. Last year, however, there was a tremendous development of earnings, gross having increased practically 100 per cent and the surplus nearly 100 per cent. . The . following figures concerning the development of the San. Pedro road are now published for the first time: , , Y 1906. .. 1905. Inc. Gross earning . .....$4,800,139 - $2,105,656' 99 Operating expenses 3,449,954 " -, 1,757,620 86 . Net earnings .$1,350,183 $648,036 108 Deductions 183,224 244,894 24 Surplus ,$1,164,961 . $403,142 189 To pay the interest on $40,000,000 of 4 per cent San Pedro bonds $1,600,-000 $1,600,-000 a year is required. The foregoing tabulation must be considered a measure of growth quite remarkable in view of the fact that the road is really only just completed. It is nnderstood that it is now earning more than the 4 per cent interest on its $40,000,000 of bonds and that it will not be very long before it will show substantial earning for its stock. The San Pedro road operates a total of nearly 1100 miles between East San Pedro, California, and Salt Lake City in Utah. .It really opens np the whole far Southwestern country, and men who are familiar with the property predict for it a brilliant future. : ! |