Show RIO GRANDE GRAND INCREASES E EARNINGS Financial Statement Indi Company in Prosperous Prosperous Pros Pros- Condition Advices from the tho east show that the tho Denver Demor Rio Grando Grande In the tho past pst fiscal year e r. r ending Juno Jure 1 30 produced ft n. balance of or tor for dividends after al all al charges have been paid In I these figurea figures fig the ures urea tho the month ben of Juno only Is la estl esti- I mated For or tho the preceding fiscal year tho tim balance available for dividends was 2 2 or Or less Jess In the tho fiscal CIsca year ear Just jUt closed renewal charges charses amounted to Tho The balance balanco bal bal- ance anco available equals per cent cont on the preferred stock outstanding June 30 30 1910 in fb January lost last lat Denver Denvor sold preferred Increasing tho the amount issued to says the te Boston News Bu Du- Bu- Bu renu reau Allowing for tor tho the first six lx months' months dividends divi- divi on tho the old amount of or preferred an anfor and for the second six months monts on the present amount Issued dividend requirements fo forthe for tor tho the entire year will wi total Dc- Dc ducting this amount the balance remainIng remaining remain remain- Ing over and ond above all al fixed char charges es am and dividends will wi be In the neighborhood o or of or over OYer 3 per cent on 01 tho 33 33 common stock Gross Earnings Big Bac Based on figures to May May 31 last anc and estimated for Cor June Juno gross showing fo for tor year will wl exceed any previous year by Net earnings earning will wi fall fal below those shown In 1906 and ad 1907 as a will wi also surplus after charges These unfavorable comparisons are however due duo not to In Increased increased In- In crea creased cd transportation costs but to larger larg er maintenance expenditures and In Increased Increased in- in creased transportation costs but to larger larG- larG larg larg- pr er r maintenance expenditures and In Increased increased In- In creased crae fixed charges The Tho company's In Income Income income In- In come account for Cor the tho past pat year car June es estimated estimated es- es and actual figures for 1909 compare comparo as follows Inc o of 1910 1910 over 1909 Gross Net after ater expense and tax ta Other Income Total Income Charges rent and renew fund OO and Dividends Balance Balanco Spend Mote More on Road Roa Expenditures on way and structures durn during the year have been Increased per cent and on on equipment 72 per cent Per mile mil of ot line the figures are pr 2544 R against 2408 2108 In the fiscal year car 1909 Cosof Cost Cos Cst of o conducting transportation has hW re remained re- re stationary percentage of or gross In the past year showing 75 per cent against In previous year ear Total pr op operating op- op crating ration raton shows a reduction from per cent of ot gross Gross In 1909 to per ler percent cent In the tho past year The annual report will I show an In Increase increase In- In crease In other Income of considerably over o cr the source of or which Is la susceptible of no present explanation Fixed charges will wi show an Increase o of at about due to sale during tho the year ear of or first and refunding mortgage Cs s and various arlous other othor small smal smal amounts of or treasury securities and underling un un- un- un derling bonds and ond Increased rentals Care for tor Western Wester Pacific For or sale of these securities the company company com corn pany ha has maintained o a strong cash po po- po- po According to tho the latest report furnished cash on hand amounted to tomoro tomoro moro more than which with tho the surplus surplus sur Bur plus for tor tho year eal will wi provide provie for any contingency which may arise In the near future In respect rc to the guaranty of Western Pacific's bond Interest This It Is expected Denver will I have to take care caro car of or for Cor some fome time to come como as ns Western Pacific has not been In operation sufficiently clent lon long to enable It I to give any ay assistance as as- toward meeting these payments payments pay pay- ments On September 1 there will wi bo ho 1250 due lue on this account which Denver will wi have to furnish The rhe letters hatters new line lne from Pueblo to being built bui in conjunction with Ith Colorado Southern Suther will wi require another representing Denver's share of or construe construe- tion ton expenses These r requirements will reduce Denver's cash cah resources consid wi I |