OCR Text |
Show UNION PACIFIC REPORT. New York, Nov. 23. The annual report of the t'nion Pacific Railroad company for the fiscal vear ending June 30. 1903. issued today, shows gross earnings of $31,075,189. an inerense of $.1.5T4.fHX : operating oper-ating expfnses. $28,747,216. an increase of 187.000: net earnings. $22,327.07.'!. an increase in-crease of $3Sfi.PlftL and a net surplus, after deducting betterments and dividends of $4,043,474, an increase of $S27.514. The report says that increased wages, the greater cost of material and supplies sup-plies and the increased expenditures which always attend a congestion of traffic such as existed last fall, have added greatly to operating expenses. The estimate for the replacement of the property prop-erty damages by floods amounts to about $1,500,003. Although a considerable part of the damage was repaired during June and Included in operating expenses, it was thought best to set aside out of the year's income $500,000 to complete the reconstruction re-construction of the property destroyed. |