Show OREM LINE SHOWS INCREASE IN NET Annual nual Report Filed With Y i Utilities Commission m r Net et income of the Salt Lake Litke Utah Railroad c company the Orem line Une for 1919 was 46 an increase of 61 over 1918 acc according to tOI the report of the company filed with the public ut utilities lUes commission I The report whicH Is the first annual report to be filed by a a traction corporation corporation corporation corpora corpora- tion for the present year shows a total Investment on the books of 39 The corporate surplus is now I There Is of ot outstanding stock and In bonds The Income statement shows the total railway op operating rating revenue as more than an Increase of over the previous year This was accomplished with an increase in operating expenses of the railroad of the total being 44 This left a a. net revenue of nearly which was an increase of 82 over the previous year W The company in taxes Its gross gross gross' Income Is shown to b be 26 Out this It paid as In Interest erest on the funded debt debt- on floating In Indebtedness indebtedness In- In and 18 amortization Passenger revenues formed the bulk of ot the Income or Freight venues revenues were more than |