The Earning Power of Railroads With Tables Showing Facts As to Earnings, Capitalization, Mileage, Etc., of One Hundred Railroads in the United States And Canada ..

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MILES TEAK OPERATED GHOSS EARNINGS BURPLUa 1895-6 2,965 820,390,711 $1,377,504 1896-7 2,981 20,372,308 979,181 1897-8 2,988 21,996,653 1,632,902 1898-9 2,988 23,759,485 2,626,900 1899-0 3,007 27,742,379 3,619,234 1900-1 3,169 29,215,725 4,281,112 STOCK OUTSTANDING BONDS OUTSTANDING January 1, 1902. June 30, 1901.
Common $55,000,000 Fixed Interest $90,284,660 CAPITALIZATION.
TOTAL PER MILE Stock $55,000,000 $17,355 Bonds 90,284,660 28,489 Total 145,284,660 45,844 INCOME ACCOUNT TEAR ENDING JUNE
...30, 1901.
Average miles operated, 3,169.
TOTAL PER MILE Gross Earnings* $29,215,725 $9,219 Operating Expenses* 19,426,552 6,129 Net Earnings 9,789,173 3,090 Miscellaneous Receipts 704,688 221 Total Net Income 10,493,861 3,311 Fixed Charges 6,212,749 1,960 Surplus 4,281,112 1,351 ♦Includes "freight on company's property." OPERATING EXPENSES.
TOTAL PER MILE Maintenance of Way $4,356,127 $1,374 Maintenance of Equipment 3,995,476 1,260 Conducting Transportation 10,253,297 3,235 General Expenses 821,652 259 Ratio of operating exipenses to gross earnings, 66.4 per cent.


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